CSE responds to United States OPIC and Exim Bank - on the use of climate finance to kill the Indian solar panel industry
The United States Overseas Private Investment Corporation (OPIC) and the US Exim Bank have evaded any response to the central contention of the recent release from Centre for Science and Environment (http://www.cseindia.org/content/us-using-climate-finance-kill-indian-solar-panel-industry-cse ). Both have chosen to remain silent on use of climate ‘fast start financing’ to give subsidised loans to Indian project developers who buy equipment from US producers, thus undermining the Indian domestic manufacturing industry.