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$100M IFC Financing for Sri Lanka's Energy Efficiency & Renewable Projects

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Story Released 8:44am 14/08 $100M IFC Financing for Sri Lanka's Energy Efficiency & Renewable Projects

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Delhi Summit Calls for Action on Energy Efficiency
Delhi Summit Calls for Action on Energy Efficiency

Monday 10th February 2014

AT the 'Delhi Sustainable Development Summit' (DSDS) world leaders and government representatives urged the global community to take urgent steps to reverse the effects of climate-change by improving sustainability. The Summit discussed strategies and challenges through the presence and involvement of world leaders, Nobel Prize winners, ministers from several countries ...

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EPA Report Reveals Benefits of Sustainable Action
EPA Report Reveals Benefits of Sustainable Action

Friday 7th February 2014

THE U.S. Environmental Protection Agency (EPA) have released its annual Climate Protection Partnerships report, highlighting the steps taken by over 21,000 organizations to reduce greenhouse gases and achieve environmental and economic benefits. “The urgency to act on climate change is clear,” said EPA Administrator, Gina McCarthy. “Through investments in cleaner technologies ...

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EU Politicians Want Binding Energy Targets
EU Politicians Want Binding Energy Targets

Thursday 6th February 2014

EUROPEAN Union (EU) MEPs called yesterday for a 40% cut in CO2 emissions, a 30% target for renewable energy and a 40% target for energy efficiency by 2030, all as binding targets. The targets come under the EU's new long-term climate-change policy, with the MEPs criticising the European Commission's recent non-binding ...

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Report Highlights Need to Focus on Energy Efficiency and Renewables
Report Highlights Need to Focus on Energy Efficiency and Renewables

Wednesday 5th February 2014

ACCORDING to a new report, investment in energy efficiency and renewable energy measures will be critical in helping businesses cope with future energy price increases. The report, Lorien Energy Index (LEI), reveals that energy prices fell by 1% in the third quarter of 2013 but with an overall increase of 8% ...

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Energy Efficiency Funding for Ukraine's Businesses
Energy Efficiency Funding for Ukraine's Businesses

Tuesday 4th February 2014

THE European Bank for Reconstruction and Development (EBRD) extends its efforts to develop sustainable energy sources and to promote energy efficiency in Ukraine, with a new $100 million financing programme. The EBRD’s Sustainable Energy Financing Framework aims to inject new skills into the energy sector in Ukraine, backed by project financing ...

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Energy Incentive for Indian Fan Makers
Energy Incentive for Indian Fan Makers

Monday 3rd February 2014

INDIA’S Bureau of Energy Efficiency (BEE) is offering an incentive of Rs 350-crore ($56M) to Indian manufacturers of 35 watt fans, as against the makers of normal 70 watt units. The Economic Times of India quotes BEE Director General, Ajay Mathur: "We are working on promoting energy efficient fans in the ...

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Big Business Miss Energy Saving Opportunities
Big Business Miss Energy Saving Opportunities

Friday 31st January 2014

2degrees have released their Sustainable Business Trends Tracker report which highlights that some of the world’s biggest corporations are missing the chance to save energy and money. 2degrees, a leading community for sustainable business, revealed that businesses have missed opportunities to cut energy costs through failures to implement energy saving measures. ...

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10 Major Cities Unite to Improve Building Energy Efficiency
10 Major Cities Unite to Improve Building Energy Efficiency

Thursday 30th January 2014

THE Mayors from 10 major U.S. cities yesterday announced they will undertake a united effort to significantly boost energy efficiency in their buildings. This is a move that combined could cut as much climate change pollution as generated by 1 million to 1.5 million passenger vehicles every year, and lower energy ...

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GBP 10 Million Boost for UK Energy Efficiency Innovation
GBP 10 Million Boost for UK Energy Efficiency Innovation

Wednesday 29th January 2014

UK entrepreneurs are set to benefit from a share of £10 million to help bring innovative energy efficient products to market, Minister of Energy and Climate Change, Greg Barker announced. Small and medium size enterprises within the energy efficiency, building technologies, power generation and energy storage sectors are invited to bid for ...

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Energy Efficiency Loan for UK SMEs
Energy Efficiency Loan for UK SMEs

Tuesday 28th January 2014

THE Royal Bank of Scotland is offering UK small businesses energy efficiency loans from a new fund along with advice to help firms cut their energy bills. The scheme, launched yesterday, is accessible to any small to medium size UK enterprise that completes an energy audit. The loan will cover upfront ...

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Energy Saving on the Streets of Laredo
Energy Saving on the Streets of Laredo

Monday 27th January 2014

LAST week the Laredo City Council, Texas, accepted $62,589 in incentive money due to its 2013 participation in the AEP Texas CitySmart Program. The program has been designed to help Texas municipalities save energy and money by providing no-cost facility improvement recommendations. The program also offers financial incentives based on the total ...

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U.S. Mayors Plan to Improve City Energy Efficiency
U.S. Mayors Plan to Improve City Energy Efficiency

Friday 24th January 2014

DESPITE budget constraints, U.S. Mayors expect to significantly expand their investment in energy efficiency technologies over the next five years, according to a new survey of nearly 300 cities. The survey, titled 'Energy Efficiency and Technologies in America's Cities', highlights how cities are deploying new energy technologies to make their city ...

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European Commission Set New Climate and Energy Targets
European Commission Set New Climate and Energy Targets

Thursday 23rd January 2014

OVERNIGHT the European Commission announced the EU blocs latest climate and energy targets. The targets currently in place run through to 2020, these new goals will continue to 2030. A reduction in greenhouse gas (GHG) emissions by 40% below the 1990 level, an EU-wide binding target for renewable energy of at ...

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Saudi Arabia to Benefit from Efficiency Improvements
Saudi Arabia to Benefit from Efficiency Improvements

Wednesday 22nd January 2014

A GE study revealed that an 8% improvement in energy efficiency would aid Saudi Arabia to save more than $1.3 billion over 10 years. Added to this, the study also notes that a 10% reduction in oil consumption by 2030 can be reached through other energy efficiency improvements allowing another 255 ...

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Building Energy Management Market to Grow
Building Energy Management Market to Grow

Tuesday 21st January 2014

REVENUES for the building energy management solutions market will grow by 19 percent over the next four years according to TechSci Research. TechSci Research, who provide research based consulting solutions, forecast in a report that a double-digit rise will take place due to a combination of progressive government policies and a ...

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Turkey Receive More Energy Efficiency Funding
Turkey Receive More Energy Efficiency Funding

Monday 20th January 2014

THE EBRD’s Turkish Sustainable Energy Financing Facility (TurSEFF) shows how, with the right mix of financing mechanisms, one can achieve substantial changes in energy use, emissions, and fuel mix. Turkey has become one of the key countries for the EBRD’s Sustainable Energy Initiative (SEI) in just a few years, a ...

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BP Predict Big Improvement in Energy Efficiency
BP Predict Big Improvement in Energy Efficiency

Friday 17th January 2014

GLOBAL energy demand continues growing, but it is slowing, mainly driven by emerging economies led by China and India according to the BP Energy Outlook 2035, which was published yesterday. The Outlook sets out BP’s view of the most likely developments in global energy markets, beyond 2030 to 2035, based on ...

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40,000 Inefficient Air-Con Units Confiscated
40,000 Inefficient Air-Con Units Confiscated

Thursday 16th January 2014

OFFICIALS of the Saudi Arabian Ministry of Commerce and Industry (MCI) confiscated 40,000 air conditioners from shops and stores as they do not comply with the country’s energy efficiency standards. MCI inspectors did the rounds checking the air conditioning in markets and shops over the last few days and will continue ...

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Richest Nations Need to do More to Cut CO2 Emissions
Richest Nations Need to do More to Cut CO2 Emissions

Wednesday 15th January 2014

THE Organization for Economic Co-operation and Development (OECD), who represent the world’s richest nations, report that their members have limited environmental damage, but not enough. Carbon dioxide emissions need to drop over the next 10 years to reduce the threat of global temperatures reaching dangerous levels, but the OECD report, ‘Environment ...

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A Rise in U.S. CO2 Emissions
A Rise in U.S. CO2 Emissions

Tuesday 14th January 2014

U.S. energy related carbon dioxide emissions rose about 2% in 2013 after declining for several years, according to the U.S. Energy Information Administration (EIA). The EIA, the analytical branch of the U.S. Department of Energy, reports that the increase is due primarily because of an increase in coal consumption in power ...

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Gulf State's Renewable Energy Future
Gulf State's Renewable Energy Future

Monday 13th January 2014

THE International Renewable Energy Agency (IRENA) believes that the success of Gulf states in achieving their renewable energy goals could create 116,000 jobs annually in the Middle East until 2030. IRENA pointed out that the Gulf countries have started executing renewable energy projects and setting long-term goals to encourage the ...

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Austrian Energy Efficient Building Initiative
Austrian Energy Efficient Building Initiative

Friday 10th January 2014

AUSTRIA has embarked upon an ambitious programme for improving the energy performance of buildings, which covers both rehabilitation and new construction projects. Comprehensive promotional programmes are being co-financed by the European Investment Bank (EIB) under an EUR 150m framework loan. The contract for an initial EUR 50m tranche was signed today ...

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Climate Change Prime Suspect in 'Extreme Weather'
Climate Change Prime Suspect in 'Extreme Weather'

Thursday 9th January 2014

BRITAIN feeling the full force of extreme Atlantic blasts with winds, rain and floods plaguing the country led to British Prime Minister, David Cameron suspecting climate change is to blame. His words highlight the importance of sustainability and green actions, particularly with regard to energy conservation, saving and efficiency. Cameron said in ...

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Energy Efficient Pumps Will Save Energy and Money
Energy Efficient Pumps Will Save Energy and Money

Wednesday 8th January 2014

THE Alabama Department of Environmental Management (ADEM) is providing the City of Florence with $5.8 million financing to support energy efficiency upgrades at one of their drinking water pumping stations. The funding will be in the form of low interest loans and grants, with $315,000, coming from a clean air ...

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Call For Improved Renewable Energy Targets for EU
Call For Improved Renewable Energy Targets for EU

Tuesday 7th January 2014

A CALL for a new renewable energy target from eight EU energy ministers has been made to Günther Oettinger, European Commissioner for Energy, and Connie Hedegaard, European Commissioner for Climate. In a letter sent at the end of December the eight ministers tried to count a years resistance to an extension ...

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