Energy Efficiency Agreement Signed by US and Russia

Following the commitment by Presidents Barack Obama and Dmitry Medvedev at the June 24th U.S.-Russia Summit to promote energy efficiency and green technology, the U.S. International Development (USAID) and the Russian Energy Agency (REA) signed a Protocol of Intent to deepen collaboration on energy efficiency, "smart grid" technology, and clean energy.

The agreement will foster partnerships with U.S. and Russian utilities, regulators and others to share information and best practices. Potential activities will reduce energy loss in electricity systems and decrease levels of carbon emissions to help mitigate climate change.

USAID looks forward to continuing and furthering cooperation with partners in Europe and Eurasia to promote energy efficiency and combat climate change.