The Obama administration announced a new program on December 14: The Renewables and Efficiency Deployment Initiative (REDI), which will offer $350 million in funds to accelerate the development of clean energy technologies. As both a domestic and global initiative, some of the funds ($85 million) will go into a joint coffer (supported by other countries such as Australia, Norway, Switzerland, Netherlands, the UK, and France) to be used to develop and deploy clean energy tech around the world.

The program will operate in several industries, including advanced vehicles, bioenergy, building and industrial efficiencies, smart grid technologies, carbon capture, high-efficiency coal,  and of course, solar, wind, and marine energy. The official REDI website outlines the following programs that will receive this funding:

• The Solar and LED Energy Access Program will accelerate deployment of affordable solar home systems and LED lanterns to those without access to electricity.  This program will yield immediate economic and public health benefits by providing households with low-cost and quality-assured solar alternatives to expensive and polluting kerosene.
• The Super-efficient Equipment and Appliance Deployment Program will harness the market and convening power of MEF countries to improve efficiency for appliances traded throughout the world.  A number of MEF countries have implemented, or are exploring, incentive programs for energy-efficient appliances. Coordinating incentives, standards and labeling systems can create unprecedented economies of scale for these appliances.

• The Clean Energy Information Platform will establish an online platform for MEF countries to exchange technical resources, policy experience and the infrastructure to coordinate various activities in deploying clean energy technologies, and share this information with the world.

• The Scaling-up Renewable Energy Program (S-REP), under the World Bank’s Strategic Climate Fund, will provide policy support and technical assistance to low-income countries developing national renewable energy strategies and underwrite additional capital costs associated with renewable energy investments.  Funding through Climate REDI will accelerate the launch of S-REP.

Further, it states that REDI will use the following tools to disseminate the new technologies:

1. Quality assurance to guard developing country consumers against sub-standard renewable energy products;
2. Minimum efficiency standards to remove the lowest efficiency appliances from the market;
3. Labeling to guide consumers to quality-assured and high-efficiency products;
4. Financing for scale up of early-stage low-carbon products, to bring down costs and remove barriers to deployment and to catalyze investment by the private sector;
5. Information sharing that enables all energy stakeholders to access state-of-the art information on technology and best practices.