The administration of United States President Joe Biden has ordered US government agencies to immediately stop financing carbon-intensive fossil fuel projects overseas and prioritise international collaborations to deploy clean energy technology, according to US diplomatic cables seen by Reuters News Agency.The cables, seen by Reuters, say US government engagements should reflect the goals set in an executive order issued at the start of the year aimed at ending US financial support of coal and carbon-intensive energy projects overseas.“The goal of the policy described below is to ensure that the vast majority of US international energy engagements promote clean energy, advance innovative technologies, boost US cleantech competitiveness, and support net-zero transitions, except in rare cases where there are compelling national security, geostrategic, or development/energy access benefits and no viable lower carbon alternatives accomplish the same goals,” a cable said.
Load More
Load More