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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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Tuesday 9th December 2014
THE University of New South Wales Australia (UNSW) solar researchers have converted over 40% of the sunlight hitting a solar system into electricity, the highest efficiency ever reported. The world-beating efficiency was achieved in outdoor tests in Sydney, before being independently confirmed by the National Renewable Energy Laboratory (NREL) at their ...
Monday 8th December 2014
ENERGY saving efforts need to be greater in Georgia according to the European Bank for Reconstruction and Development (EBRD), who are looking to help the country's businesses with funding. In the country saving energy is a relatively new concept to many: the country is still 50% more energy-intense than its trading ...
Friday 5th December 2014
THE European Union (EU) has made progress in liberalising energy markets, and its global leadership on climate change is to be commended, according to the International Energy Agency (IEA). In the report, Energy Policies of IEA Countries: European Union – 2014, the IEA praised the EU for reducing its carbon intensity ...
Thursday 4th December 2014
THE Mississippi University for Women (MUW) has reduced its energy use by 28 % with an estimated saving of almost $2 million over the past eight years. Adding energy efficiency controls to six buildings on the campus, replacing halogen lights with LED track lighting in the Art and Design Building and ...
Wednesday 3rd December 2014
OVER one-third of new commercial building space includes energy-saving features, but without training or an operator’s manual many occupants are in the dark about how to use them. Washington State University student Julia Day recently published a paper that for the first time shows that occupants who had effective training in ...
Tuesday 2nd December 2014
IN a landmark project for Kazakhstan’s renewables industry, the European Bank for Reconstruction and Development (EBRD) is supporting the first large-scale wind farm in the country to be financed under the new feed-in-tariff mechanism. The EBRD and the Clean Technology Fund (CTF) will finance the construction, connection to the power transmission ...
Monday 1st December 2014
THE International Finance Corporation (IFC), and the Confederation of Real Estate Developers' Associations of India (CREDAI), have partnered to promote green buildings in the country through IFC’s EDGE certification. EDGE stands for ‘Excellence in Design for Greater Efficiencies’, and is a standard that focuses on energy and water efficiency in buildings. ...
Friday 28th November 2014
BY reducing energy consumption by 1%, big businesses could save over £250 million on their energy bills annually - according to UK Energy and Climate Change Secretary Ed Davey. He points to the new UK’s Energy Saving Opportunity Scheme (ESOS), launching next month, to help large organisations cut their electricity use ...
Thursday 27th November 2014
THE International Energy Agency (IEA) has laid out five actions needed to achieve a low-carbon energy sector, proposing concrete options for the international climate negotiations to be held next month in Lima, Peru. "Energy accounts for two-thirds of global greenhouse gas emissions, so any climate agreement that emerges will need to ...
Wednesday 26th November 2014
THE Petroleum Corporation of Jamaica (PCJ) is calling on Jamaicans to use energy wisely and efficiently despite the price of oil continuing to fall. Speaking at a Jamaica Information Service (JIS) ‘Think Tank’, Group General Manager of PCJ, Winston Watson, reiterated the need for persons to still conserve energy. “What we are ...
Tuesday 25th November 2014
A recent report from Navigant Research analyzes the European market for residential and commercial building energy efficient products and services, including market forecasts for revenue through 2023. Stringent regulations that apply across the European Union (EU) have contributed to the development of a growing market for energy efficient buildings in Europe. ...
Monday 24th November 2014
THE European Bank for Research and Development (EBRD) is support for the development of Poland's renewable energy resource with a series of measures aimed at increasing private sector investment. The Board of Directors of EBRD has approved an Integrated Approach to Polish Renewables which combines investments with policy dialogue that promote reforms ...
Friday 21st November 2014
THE UN reveals that global carbon neutrality needs to be reached by the second half of the century, to stay under 2°C rise limit. If carbon neutrality is achieved it will head off the worst impacts of climate change, but it needs be attained by mid-to-late century. This would also keep ...
Thursday 20th November 2014
THE European Bank for Reconstruction and Development (EBRD) is providing €15 million of funding to SMEs for energy efficiency and small-scale renewable-energy projects of up to €1 million. The loan is being provided through Romania’s Banca Transilvania for on-lending to SMEs, and comes under the EBRD’s Romania SME Sustainable Energy Financing ...
Wednesday 19th November 2014
THE National Gallery in London, adjacent to Nelson’s Column in Trafalgar Square, is one of the first public buildings globally to achieve 85% energy saving on lighting. The Gallery houses one of the most important collections of Western European art in the world, attracting over 6 million visitors a year, and ...
Tuesday 18th November 2014
U.S. President Obama and Chinese President Xi Jinping announced an historic agreement to curb greenhouse gas (GHG) emissions, which account for 40% of the world’s emissions. The United States, building on existing efforts, in which energy efficiency plays a very large role, will reduce emissions 26-28% by 2025 relative to ...
Monday 17th November 2014
THE European Bank for Reconstruction and Development (EBRD) is supporting energy efficiency and the use of renewable energy in Serbia with a loan of up to €10 million. The finance is being filtered through Komercijalna Banka for on-lending to private and municipal borrowers. The aim of the loan is to support ...
Friday 14th November 2014
THE State Bank of Vietnam and the World Bank have signed a $500 million loan for a $731.25 million operation to improve energy efficiency. “Improving energy efficiency is critical for Vietnam’s ability to meet energy demand to power growth and maintain improvements in welfare.” said Victoria Kwakwa, Country Director for ...
Thursday 13th November 2014
THE German government has revealed an action plan offering a €1 billion in tax concessions for energy efficiency improvements for buildings and sales of electric car. Germany has lagged behind on energy efficiency, leading to the proposed action plan to incentivize energy saving projects, as revealed by German Environment Minister Barbara ...
Wednesday 12th November 2014
JORDAN have received a financial boost of $100 million for the implementation of renewable energy in the south of the country. The European Bank for Reconstruction and Development (EBRD) and the French Development Finance Institution PROPARCO are providing the loans of $50 million each, to fund the construction of three solar ...
Tuesday 11th November 2014
MAYOR of Los Angeles, Eric Garcetti, highlighted the LA Department of Water and Power’s energy efficiency goal of 15% by 2020 is the highest by a major municipal utility in the United States. The new goal, adopted by the Board of Water and Power in August 2014, exceeds the 10-year, ...
Monday 10th November 2014
ENERGY efficiency and renewable energy delivers more jobs than similar sized fossil-fuel projects according to the UK Energy Research Centre (UKERC). A study by UKERC reveals that energy efficiency and renewables offers up to ten times more jobs per unit of electricity generated or saved than fossil fuels. However, in itself ...
Friday 7th November 2014
THE European Bank for Research and Development (EBRD) has launched its second Polish Sustainable Energy Financing Facility (PolSEFF2) of €200 million which will be on-lent via local banks to SMEs. The loans will finance investments to replace or upgrade heating, cooling, electric and related systems in order to lower companies’ ...
Thursday 6th November 2014
THE U.S. Environmental Protection Agency (EPA) released new guidance to help school districts increase energy efficiency and protect indoor air quality during school renovations. “This guidance provides common-sense solutions for improving energy efficiency and indoor air quality in schools across the country,” said Janet McCabe, acting assistant administrator for EPA’s Office ...
Wednesday 5th November 2014
THE most important source of electricity in Albania is the Komani hydro power plant in the mountains of the Puka region, in the north of the country, is about to undergo a major upgrade. The Komani dam, the largest of a complex of three hydro cascades, produces 65% of Albania’s ...