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OECD to Support Exports of Renewable Energy and Nuclear Power Equipment

© OECD24 June 2009: Organisation for Economic Co-operation and Development (OECD) countries have agreed to boost official backing for exports of renewable energy and nuclear power equipment by offering more generous terms on government-backed credits in support of export deals.

Countries participating in the OECD's Arrangement on Officially Supported Export Credits agreed on a new framework for official export credits to support renewable energy sources such as solar, wind, biomass and hydro power energy, and nuclear power in preference to traditional energy projects using carbon-fossil fuel. Participating countries also agreed to take account of climate change issues in their future work on renewable energies.[OECD Press Release][OECD Export Credit Arrangements]