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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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IEA Urge Swift Action to Combat Climate Threat
IEA Urge Swift Action to Combat Climate Threat

Wednesday 12th June 2013

THE International Energy Agency (IEA) warned that climate change targets will be missed and urged governments to enact four energy policies to keep climate goals alive without harming economic growth. “Climate change has quite frankly slipped to the back burner of policy priorities, but the problem is not going away – ...

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London's Schools Receive Energy Efficiency Push
London's Schools Receive Energy Efficiency Push

Tuesday 11th June 2013

Boris Johnson, the Mayor of London, last week looked to drive energy efficiency improvements across the city’s schools through access to interest-free pay-as-you-save loans. London has been running the RE:FIT energy efficiency programme aimed at residential buildings but the programme will now be expanded to apply to schools. They will be ...

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Call for Californian Private Capital for Energy Efficiency
Call for Californian Private Capital for Energy Efficiency

Thursday 6th June 2013

CALIFORNIA can extend the duration and effectiveness of the state’s landmark energy improvement initiative, Proposition 39, for schools and public buildings, claims a white paper from the Advanced Energy Economy (AEE). The AEE (a nationwide US business organization representing the advanced energy industry) white paper states that if California dedicates a ...

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EIB Sustainable Funding Boost for Italian Businesses
EIB Sustainable Funding Boost for Italian Businesses

Wednesday 5th June 2013

THE European Investment Bank (EIB) and the UniCredit Group have signed agreements which includes €100 million funding for companies to implement environmental and renewable energy projects. The funding is aimed at financing small and medium-scale projects in the industrial and sustainable community sectors via UniCredit and UniCredit Leasing, targeting in particular ...

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World Bank Aid Energy Plans in Turkey
World Bank Aid Energy Plans in Turkey

Monday 3rd June 2013

TURKEY is looking to reduce energy consumption, expand renewable energy generation and cut greenhouse gas emissions ahead of its centennial in 2023, with commitments to ambitious action plans. Electricity demand in Turkey has been increasing by as much as 7-8 percent in recent years, resulting in energy transmission and peak capacity ...

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World Bank Call for Further Investment in Energy Efficiency
World Bank Call for Further Investment in Energy Efficiency

Thursday 30th May 2013

A WORLD Bank report, Sustainable Energy for All Global Tracking Framework, released yesterday, highlighted that energy efficiency investment needs to increase, despite promising advances recently. The report noted that 1.2 billion people do not have access to electricity, about 17 percent of the world’s population, and 2.8 billion rely on inefficient ...

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Vietnam's Buildings get Energy Efficiency Boost
Vietnam's Buildings get Energy Efficiency Boost

Wednesday 29th May 2013

THE Investment Climate Advisory Services of the World Bank Group is supporting the Vietnamese Ministry of Construction’s efforts to improve energy efficiency in buildings, reducing energy costs and CO2 emissions. An agreement has been signed which will see the International Finance Corporation (IFC), a member of the World Bank Group, help ...

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Germany's Energy Transformation
Germany's Energy Transformation

Tuesday 28th May 2013

GERMANY took what some considered a brave decision after the Fukushima nuclear plant disaster - to turn away from nuclear and greatly increase their renewable energy resources and improve energy efficiency. Is the German strategy working? The German Embassy in London released some details about the future use of energy in ...

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Energy Efficiency Good for Businesses and Governments
Energy Efficiency Good for Businesses and Governments

Friday 24th May 2013

ENERGY efficiency is good for businesses and governments according to research performed by the Rhodium Group for UTC Climate, Controls and Security. Fierce Energy report that John Mandyck, Chief Sustainability Officer at UTC, highlighted the benefits of improving and striving for improved energy efficiency in buildings to delegates at the Energy ...

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Kosovo Receives Energy Efficiency Funding
Kosovo Receives Energy Efficiency Funding

Thursday 23rd May 2013

A €5 million loan from the European Bank for Reconstruction and Development (EBRD) will enable Kosovo’s business to invest in energy efficiency and renewable energy projects. The loan to Turk Ekonomi Bankasi (TEB), will open up loans for financing of rational energy utilization and assist small and medium-sized enterprises in combating ...

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UK Local Authorities Miss Out on Energy Savings
UK Local Authorities Miss Out on Energy Savings

Wednesday 22nd May 2013

OVER a third of all local authorities across England and Wales are in breach of the European Energy Directive, designed to improve the energy efficiency of their public buildings. A recent Freedom of Information (FoI) request by the Property and Energy Professionals Association (PEPA) to all authorities in England and Wales, ...

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Store Chain Recognised for Energy Efficiency Efforts
Store Chain Recognised for Energy Efficiency Efforts

Tuesday 21st May 2013

A CHAIN of convenience stores in Lincolnshire, U.K., have been recognized for their energy efficiency actions with the award of the Carbon Trust Standard for the second time. The Skegness Standard reports that introducing new technologies has helped Lincolnshire Co-op cut energy use across its stores, with the award acknowledging ...

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Building Energy Reporting for Boston
Building Energy Reporting for Boston

Monday 20th May 2013

THE Mayor of Boston, U.S., Thomas Menino, introduced his Building Energy Reporting and Disclosure Ordinance, requiring large commercial and residential buildings to report and disclose such things as energy usage, and greenhouse gas emissions. The aim of the ordinance is to encourage investment in energy efficiency and further the City’s climate ...

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Melbourne Plan for Energy Efficient Buildings
Melbourne Plan for Energy Efficient Buildings

Thursday 16th May 2013

MELBOURNE, Australia, has introduced an amendment to their planning scheme which is designed to improve energy efficiency in new buildings and to reduce the city’s carbon footprint. The vast majority of new buildings constructed in the city will be required to meet a strong set of industry accepted and recognized minimum ...

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Pennsylvania's Small Businesses Green Energy Funding Boost
Pennsylvania's Small Businesses Green Energy Funding Boost

Wednesday 15th May 2013

THE Governor of Pennsylvania, Tom Corbett, announced yesterday that the State’s Department of Environmental Protection has awarded $32,880 in grants to help small businesses to invest in energy-efficiency. “Investment in small business is a cornerstone to sound economic growth,” Corbett said. “These grants will help small business owners continue to thrive ...

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EBRD Boost Furniture Giant's Energy Efficiency Improvements
EBRD Boost Furniture Giant's Energy Efficiency Improvements

Tuesday 14th May 2013

THE European Bank of Reconstruction and Development (EBRD) is providing a $12 million loan to Azerbaijan’s largest furniture manufacturer, Embawood, to finance in part, energy efficiency improvements. The EBRD loan is complemented by €120,000 Technical Cooperation funds provided by the Early Transition Countries Initiative and the Regional Energy Efficiency Program for ...

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EU Leaders Need to Back Energy Reform
EU Leaders Need to Back Energy Reform

Friday 10th May 2013

EUROPEAN Commission President, Jose Manuel Barroso, yesterday pushed to make significant progress on energy and tax fraud and evasion at the European Council on 22 May. Writing to other European leaders, President Barroso highlighted: "We can tackle these challenges better together. Energy prices differ considerably across the EU, because our market ...

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$2 Million for Pacific Energy Project
$2 Million for Pacific Energy Project

Thursday 9th May 2013

SUSTAINABLE energy projects across Pacific states received a $2 million injection following an agreement signed by the Secretariat of Pacific Regional Environment Programme (SPREP) and the United Nations Development Programme (UNDP). The funding will be provided through the Small Island Developing States' Sustainable Energy Initiative and are provided by Denmark’s Government ...

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179 US Federal Buildings Report Negative Energy Efficiency
179 US Federal Buildings Report Negative Energy Efficiency

Wednesday 8th May 2013

IN the USA’s Energy Star National Building Competition, set up by the Environment Protection Agency, 179 federal buildings reported negative energy efficiency for last year, while 15 received commendations. As a prime example the Eisenhower Executive Office Building, home to most of the White House offices, saw energy consumption rise by ...

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Group Warn UK to Invest More in Energy Efficiency
Group Warn UK to Invest More in Energy Efficiency

Tuesday 7th May 2013

AN organisation that represents leading UK industries have expressed `grave concern' about the low priority the UK Government has given to energy saving, claiming that their prime initiative is doomed to fail. They state in a letter to Ed Davey, UK Secretary of State for energy and climate change, that the ...

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Azerbaijan to get Energy Efficiency Financing Boost
Azerbaijan to get Energy Efficiency Financing Boost

Friday 3rd May 2013

THE International Finance Corporation (IFC), part of the World Bank Group, is looking for proposals from Azerbaijan’s Banks to start funding energy efficiency and renewable energy projects in Azerbaijan. The IFC recently publicised that it is to provide funding to Bank Respublika to start financing such projects, particularly expanding finance to ...

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Jamaica Lifts Duty on Energy Efficiency Technology
Jamaica Lifts Duty on Energy Efficiency Technology

Thursday 2nd May 2013

THE Jamaican Observer reports that more energy efficiency and renewable energy devices can now be imported into Jamaica duty free - which will boost energy efficiency across the island. The suspension of the Common External Tariff (CET) on clean energy technology by the Council for Trade and Economic Development (COTED) will ...

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Eskom Call for More Effort on Energy Efficiency
Eskom Call for More Effort on Energy Efficiency

Wednesday 1st May 2013

SOUTH Africa’s utility Eskom has been proactive in promoting energy efficiency with a threat of load shedding due to generation under capacity, but commercial and governmental buildings are not complying. TV company eNCA’s reporter Thabang Masanabo (see video report below) drove around the streets of Johannesburg discovering that many office lights ...

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Energy Efficiency First then Renewables for Farmers
Energy Efficiency First then Renewables for Farmers

Monday 29th April 2013

PUTTING energy efficiency at the top of the list when considering renewable energy projects is vital according to an excellent article in the Farmer’s Guardian. The publication refers to the UK’s Department of Energy and Climate Change (DECC) figures revealing that in 2012 total electricity generated from renewables rose 20 percent ...

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Bulgaria Looks to Denmark for Energy Efficiency Help
Bulgaria Looks to Denmark for Energy Efficiency Help

Thursday 25th April 2013

BULGARIA is looking to Denmark to aid them in their pursuit of energy efficiency improvements due to the Danes experience in energy saving. Realizing that the Danish Government are also willing to provide financial support for energy efficiency projects is also an attraction for Bulgaria. “Denmark will help Bulgaria boost its energy ...

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