International Clean Energy Technologies Deployment and Global Energy Markets Investment Act of 2007

Bill: 110-s-2155
Sponsor: Sen. Byrd, Robert C. [D-WV]
Introduced: 2007-10-04 in the Senate
Policy area: International Affairs
Subjects: Air pollution control
Alternative energy sources
Carbon cycle
Carbon dioxide
Climate change and greenhouse gases
Commerce
Congress
Congress and foreign policy
Congressional reporting requirements
Data banks
Department of Energy
Developing countries
Economic assistance
Economic growth
Economics and Public Finance
Education
Electronic government information
Energy
Energy conservation
Energy consumption
Energy efficiency
Energy research
Energy supplies
Environmental Protection
Environmental monitoring
Environmental technology
Executive reorganization
Export finance
Federal advisory bodies
Federally-guaranteed loans
Finance and Financial Sector
Fluorocarbons
Foreign Trade and International Finance
Foreign exchange
Foreign trade promotion
Fossil fuels
Geology
Government Operations and Politics
Government lending
Government publicity
Higher education
International competitiveness
Internet
Investment guaranty insurance
Laboratories
Marketing
Methane
Motor vehicle pollution control
Nitrogen oxides
Nuclear energy
Poverty
President and foreign policy
Public Lands and Natural Resources
Research and development facilities
Science, Technology, Communications
Sulphur
Technological innovations
Technology assessment
Technology transfer
Transportation and Public Works
Waste reduction
Water pollution control

Summary:
action_date: 2007-10-04
text: 
International Clean Energy Technologies Deployment and Global Energy Markets Investment Act of 2007 - Amends the Energy Policy Act of 1992 to set forth a program for clean energy assistance to developing countries.
 
Instructs the Secretary of Energy to: (1) establish a pilot program of financial assistance for clean energy projects in developing countries that will result in reduced greenhouse gas emissions; and (2) make a loan or loan guarantee for not more than 50% of project costs for each pilot program participant.
 
Includes in such pilot program projects for clean energy technologies, including clean coal, small or advanced nuclear, small or advanced hydropower, biofuels, renewable, and energy efficiency technologies. 
 
Directs the President to establish a Task Force on International Clean Energy Technologies Cooperation. Requires the Task Force to establish an Interagency Working Group on Clean Energy Technology Exports.
 
Requires such Task Force to identify developing countries that represent the predominant share of energy use, and to submit to the President a strategy that includes: (1) adoption and deployment of clean energy technologies and strategies in developing countries; (2) expansion of clean energy technology markets and facilitation of clean energy technology exports to developing countries; (3) integration into U.S. foreign policy objectives of the promotion of clean energy technology deployment and reduced greenhouse gas emissions in developing countries, and clean energy technology exports; (4) a pilot program of financial assistance for qualifying projects; and (5) development of financial mechanisms and instruments that are cost-effective and facilitate private capital investment in such technologies.


Legislative actions:
action_date: 2007-10-04
text: Read twice and referred to the Committee on Foreign Relations.
action_date: 2007-10-04
text: Introduced in Senate