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Breaking Article - Posted 146 hrs ago
$100M IFC Financing for Sri Lanka's Energy Efficiency & Renewable Projects
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Monday 8th February 2016
THE World Bank Group have announced the upcoming launch of a new Climate Innovation Center (CIC) in Accra to support Ghana’s green growth strategy. The CIC will be financed through a $17.2 million grant package recently approved by the World Bank Group. The CIC will support Ghana’s National Climate Change ...
Friday 5th February 2016
MOROCCO has opened the first phase of what is set to become the world’s largest concentrated power plant (CSP). Yesterday, February 4, Morocco’s King Mohammed VI inaugurated Noor 1, the first phase of what will become the largest CSP in the world, in a ceremony attended by world and industry leaders ...
Monday 1st February 2016
THE Massachusetts’ Department of Public Utilities has issued an order approving the 2016‑2018 Three‑Year Energy Efficiency Plans of the Commonwealth’s electric and gas distribution companies and the Cape Light Compact. The Plan, supported by the Energy Efficiency Advisory Council, is expected to deliver an estimated $8 billion in economic, environmental ...
Monday 25th January 2016
THE Tax Administration of Jamaica (TAJ) office at the Donald Sangster Building (DSB) in Kingston reports a $500,000 reduction in monthly electricity bills after the implementation of energy efficient strategies. The strategy is part of the Jamaican government’s Energy Efficiency and Conservation Programme. Before, the agency was faced with a bill ...
Friday 22nd January 2016
A £14 million fund will allow Councils across Scotland to make homes, public buildings and businesses more energy efficient, Scotland’s Social Justice Secretary Alex Neil announced today. Scotland’s Energy Efficiency Programme (SEEP) will help improve warmth in buildings and homes, drive down energy bills and work towards reaching climate change targets. ...
Monday 18th January 2016
IN the last news update we revealed the investment in Turkey to develop geothermal energy - an even bigger investment is needed to tap Ethiopia's geothermal potential, which is being addressed by the International Finance Corporation (IFC). As explained previously geothermal energy is heat that’s generated from the earth’s core, can be ...
Friday 15th January 2016
TO tap Turkey’s significant geothermal energy potential the European Bank for Reconstruction and Development (EBRD) and the Clean Technology Fund (CTF) are launching a programme to support exploratory drilling. Geothermal energy projects face high risks particularly in their initial stages, including high investment costs and development risks and very limited access ...
Monday 11th January 2016
THE Jamaican Government is achieving its goal of reducing electricity used by its Ministries, Departments and Agencies (MDAs), through the introduction of energy efficient solutions, under the Energy Efficiency and Conservation Programme (EECP). So effective is the thrust, that the Jamaican Government is extending the three-year programme. “The programme has realized a ...
Friday 8th January 2016
U.S. Agriculture Secretary Tom Vilsack today awarded $46 million in assistance to the Vermont Energy Investment Corporation (VEIC) to support energy efficiency and renewable energy improvements in rural areas across the state. USDA awarded VEIC $46 million in assistance to help its customers save money, and live more comfortably by installing ...
Monday 4th January 2016
THE European Bank for Reconstruction and Development (EBRD) is promoting energy efficiency in Moldova with a €5.5 million loan for private companies undertaking energy-saving measures and renewable energy projects. The loan to CB “MOBIASBANCA-Groupe Société Générale” for on-lending will be complemented by European Union (EU) grants to provide direct incentives for ...
Monday 21st December 2015
HILTON Worldwide, the hotel group, announced that it is the first hospitality company to achieve Superior Energy Performance® (SEP™) certification from the U.S. Department of Energy (DOE). The certification has been issued for leadership and improvement in energy management and productivity at three landmark Hilton hotels. This recognition follows Hilton’s system-wide ...
Friday 18th December 2015
THE U.S. Department of Energy yesterday announced historic new energy efficiency standards for commercial air conditioners and furnaces. Developed with industry, utilities, and environmental groups, these standards will save more energy than any other standard issued by the Department to date. Over the lifetime of the products, businesses will save ...
Monday 14th December 2015
THAILAND’S Department of Alternative Energy Development and Efficiency (DEDE) is encouraging SMEs to switch to energy-saving machinery and equipment with soft loans available next year. The Bangkok Post reports DEDE Director-general Thammayot Srichuai as saying the loans would total 10 billion baht, helping SMEs seeking to modify machines or replace ageing ...
Friday 11th December 2015
Actions on Renewable Energy and Energy Efficiency in Developing Countries Could Reduce Emissions by 1.7 Gt/year by 2020. Initial analysis of almost 6,000 projects targeting renewable energy and energy efficiency in developing countries has revealed that the projects could reduce CO2 emissions by about 1.7 gigatons a year by 2020. The findings, ...
Monday 7th December 2015
AUSTRALIAN councils are being encouraged to invest in clean technologies to reduce their energy bills and lower emissions, via a new $250 million program from the Clean Energy Finance Corporation (CEFC). The CEFC Local Government Finance Program is designed to provide flexible and competitive fixed-rate, long-term finance tailored to the needs ...
Friday 4th December 2015
A NEW report highlights challenges in energy efficiency for small and medium-sized enterprises (SME) around the world and calls for more energy efficiency programmes. The International Energy Agendy (IEA) report, “Accelerating Energy Efficiency in Small and Medium-sized Enterprises” has been launched today on the fringes of COP21 international climate conference in ...
Monday 30th November 2015
TODAY Ulrich Spiesshofer, the president and chief executive of ABB corporation, wrote and excellent article in The National highlighting motors offer incredible potential for energy efficiency gains. Spiesshofer starts out stating: “After years of focus on global warming, one might think that all of the easy measures for reducing greenhouse gas ...
Friday 27th November 2015
THE International Energy Agency have deliver four key messages for the upcoming UN climate negotiations at COP21 in Paris. Building on extensive IEA analysis leading up to the Paris talks, the four messages could help COP21 shift the energy sector onto a low-carbon path while supporting economic growth and providing ...
Monday 23rd November 2015
THE International Finance Corporation (IFC), have issued a $500 million three-year green bond to support climate-friendly investments in developing countries. IFC will use the proceeds to support investments in renewable energy, energy efficiency, and other areas that reduce greenhouse emissions. These investments are expected to reduce greenhouse emissions by the equivalent ...
Friday 20th November 2015
Many dry reports exist about climate, green and energy efficiency finance, the Climate Policy Initiative blow those reports away with their fantastic infographic entitled Global Landscape of Climate Finance 2015. It shows global investment in activities that reduce greenhouse gas emissions and climate vulnerability increased by $90 billion, growing from $331 ...
Monday 16th November 2015
THE Paris 2015 UN climate change conference (COP21) will go ahead in Paris at the end of the month and into December despite Friday’s deadly attacks. Prime Minister Manuel Valls told TF1 television on Saturday that the conference "will be held because it's an essential meeting for humanity.” He added that ...
Friday 13th November 2015
THE U.S. Department of Energy (DOE) will sign a Memorandum of Understanding with the Department of the Interior to assist Indian Tribes throughout the U.S. to develop their energy resources. The MOU will assist Indian Tribes to manage energy resources on approximately 56 million acres of land and natural resources. The ...
Monday 9th November 2015
SUPPORT for Morocco's renewable energy sector in the shape of a loan of up to €35 million is being made by the European Bank for Reconstruction and Development (EBRD). The loan is being made to the Office National de l’Electricite et de l’Eau Potable (ONEE), who will use the funds to ...
Friday 6th November 2015
IT’S now easier for businesses in Victoria state in Australia to upgrade their buildings to be more energy efficient and sustainable. Under new Environmental Upgrade Agreements, which came into power this week, Victorian businesses can borrow money through an approved lender to pay for environmental upgrades to their building such as ...
Monday 2nd November 2015
Londoners could save £60 million off their annual energy bills by reducing shower time by a minute. If people in London reduced the time spent in the shower they could also reduce their water use by nearly 3,000 litres per year. By using water and energy-saving freebies and following simple advice, ...