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The IUEP was created in response to President Clinton's Climate Change Action Plan. President Clinton announced IUEP's successful program and supported key emission reduction projects in the Declaration of Bariloche on Octover 18, 1997, in Bariloche, Argentina. The
goal of the IUEP program, consistent with the International Power Partnerships
program, a
joint venture between the IUEP and the
Department of Energy, is to reduce emissions
by identifying, coordinating, and providing
funding for development of international
environmentally-friendly energy development
projects. The IUEP's objectives and goals will
be met through two important mechanisms: (1)
the sponsorship of projects that prove real
potential to reduce emissions in the
atmosphere, thereby facilitating the creation
of actual 'tons of reductions on the table,'
and (2) the development of strong partnerships
between the developing world and U.S.
manufacturers, developers, and electricity
providers.
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