Over at the Council on Foreign Relations website, Michael Levi posted a reply to our recent paper on estimating the tradeoffs between OPIC power generation investments based upon natural gas and renewable sources. We are grateful to Michael for his thoughtful comments and for instigating a sensible discussion of the underlying issues.
CGD Policy Blogs
Of the many outcomes in the FY2014 Omnibus Appropriations legislation, one that stood out was buried in section 7081. This provision now allows the Overseas Private Investment Corporation (OPIC) to invest in fossil fuel power projects in IDA and IDA-blend countries. In other words, OPIC’s carbon cap has been lifted at least until the end of September.
In an era of tight budgets, the US government needs to maximize development programs that deliver bang for the buck and services that people want. To do this, it must lean heavily on programs that leverage private capital in support of core development objectives.