Page:United States Statutes at Large Volume 103 Part 2.djvu/216

 103 STAT. 1226 PUBLIC LAW 101-167—NOV. 21, 1989 (3) provide analysis for each proposed loan to support addi- tional power generating capacity, comparing the economic and environmental costs of investments in demand reduction, including energy conservation and end-use energy efficiency, with the economic and environmental costs of the proposal; (4) assure that systematic, detailed environmental impact assessments (EIA) of proposed energy projects, or projects with potential significant environmental impacts, are conducted early in the project cycle. Assessments should include but not be limited to— (A) consideration of a wide range of alternatives to the proposed project including, where feasible, alternative investments in end-use energy efficiency and non-conven- , tional renewable energy; and (B) encouragement and adoption of policies which allow for public participation in the EIA process; (5) include environmental costs in the economic assessment of the proposed projects with significant potential environmental impacts, or power projects, and if possible for all projects which involve expansion of generating capacity of more than 10 MW, develop a standard increase in project cost as a surrogate for the environmental costs; (6) encourage and promote end-use energy efficiency and renewable energy in negotiations of policy-based energy sector lending, and MDBs should consider not proceeding with policy- based sector loans which do not contain commitments from the borrowing country to devote a significant portion of its sector investments toward energy efficiency and renewable energy; (7) provide technical assistance as a component of all energy sector lending to help borrowing countries identify and pursue end-use energy efficiency investments. This technical assistance shall include support for detailed audits of energy use and the development of institutional capacity to promote end-use energy efficiency and conservation; (8) work with borrowing countries, with input from the public in both borrowing and donor countries, to develop loans for end- use energy efficiency and renewable energy, where possible "bundling' small projects into larger, more easily financed projects; and (9) seek the convening of a special seminar for board members and senior staff of each MDB concerning alternate energy investment opportunities and end-use energy efficiency and conservation. (b) The Secretary of the Treasury as a part of the annual report to the Congress shall describe in detail, progress made by each of the MDBs in adopting and implementing programs meeting the stand- ards set out in subsection (a), including in particular— (1) efforts by the Department of Treasury to assure im- plementation by each of the MDBs of programs substantially equivalent to those set out in this section, and results of such efforts; (2) progress made by each MDB in drafting and implementing least cost energy plans for each recipient country which meets 'I requirements outlined in subsection (a)(2); .* (3) the absolute dollar amounts, and proportion of total lend- ing in the energy sector, of loans and portions of loans, approved by each MDB in the previous year for projects or programs of

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