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U.S. agency created to counter China's soft power pledges $2 billion in renewable energy push

U.S. agency created to counter China s soft power pledges $2 billion to renewable energy push
Aarthi Swaminathan
A taxpayer-funded agency called the U.S. International Development Finance Corporation (DFC) is committing up to $2 billion to address energy scarcity across the world, according to a new Memorandum of Understanding (MoU) announced on Monday morning.
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The DFC, launched in December 2019 as an investment vehicle for American soft power to counter China’s massive Belt and Road Initiative (BRI), will partner with The Rockefeller Foundation to expand access to electricity in developing countries. The renewable energy initiative aligns with the incoming Biden administration’s clear priority of addressing climate change. ....

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U.S. soft power agency created to counter China pledges $2 billion in renewable energy push

U.S. agency created to counter China s soft power pledges $2 billion to renewable energy push
Aarthi Swaminathan
A taxpayer-funded agency called the U.S. International Development Finance Corporation (DFC) is committing up to $2 billion to address energy scarcity across the world, according to a new Memorandum of Understanding (MoU) announced on Monday morning.
Popular Searches
The DFC, launched in December 2019 as an investment vehicle for American soft power to counter China’s massive Belt and Road Initiative (BRI), will partner with The Rockefeller Foundation to expand access to electricity in developing countries. The renewable energy initiative aligns with the incoming Biden administration’s clear priority of addressing climate change. ....

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