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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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School District Saves Millions Through Energy Efficiency
School District Saves Millions Through Energy Efficiency

Wednesday 24th April 2013

THE school district in Green Bay, Wisconsin USA, has saved big time through energy efficiency measures across their buildings. The Green Bay Press Gazette reports that the savings have run into millions of dollars over the past 10 years. District officials revealed that such improvements as energy-efficient light bulbs, lighting control, ...

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Singapore's Mandatory Energy Efficiency Kicks In
Singapore's Mandatory Energy Efficiency Kicks In

Tuesday 23rd April 2013

SINGAPORE’S industrial sector mandatory energy management requirements kicked in yesterday, April 22, all part of the Republic’s aim to improve energy efficiency through their Energy Conservation Bill. Businesses who consumed large amounts of energy, 54 terajoules every year, in at least two of the years since 2010 will have to have ...

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Latin America and Caribbean get Energy Efficiency Fund
Latin America and Caribbean get Energy Efficiency Fund

Monday 22nd April 2013

THE Inter-American Development Bank (IDB) announced a $50 million Energy Efficiency Finance Facility, for companies in Latin America and the Caribbean. The energy efficiency fund will be available to those companies that invest in energy saving improvements and self-supply renewable energy projects. The IDB will provide small-scale financing for projects that ...

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IEA Report Highlights Need for Energy Efficiency
IEA Report Highlights Need for Energy Efficiency

Friday 19th April 2013

THE urgent need for improvement in energy efficiency globally has been dramatically highlighted by the International Energy Agency's (IEA) annual report released Wednesday. The rapid expansion of renewable technologies is one of the few bright spots in an otherwise bleak assessment of global progress towards low-carbon energy, the IEA said in ...

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Chu Calls for Improvement in Indian Energy Efficiency
Chu Calls for Improvement in Indian Energy Efficiency

Thursday 18th April 2013

IT is vital for India to crank up its energy efficiency, claimed US Energy Secretary Steven Chu in Delhi on Tuesday. The country sources around 80 percent of its energy via overseas supplies, hence the call for the improvement in energy efficiency to reduce dependence on expensive energy imports. Chu said to ...

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Bulgaria get Further Energy Efficiency Funding
Bulgaria get Further Energy Efficiency Funding

Wednesday 17th April 2013

BULGARIA is another Eastern European country to receive an energy efficiency funding boost in the past week from the European Bank for Reconstruction and Development (EBRD). The Bulgarian arm of Raiffeisenbank and the EBRD have signed a second line of credit under the Bulgarian Program for Energy Efficiency and Renewable Energy ...

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Kazakhstan Needs to Focus on Energy Efficiency
Kazakhstan Needs to Focus on Energy Efficiency

Monday 15th April 2013

KAZAKHSTAN’S Energy Strategy should focus on energy efficiency said, Timur Kulibayev, chairperson of the Kazenergy Association, while meeting with representatives of national companies, and ministries. "Energy efficiency is the main and primary trend in the development of the national energy strategy. The goals for 2020 should be defined clearly. Achievement of ...

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Obama Looks to Increase Clean Energy Budget
Obama Looks to Increase Clean Energy Budget

Friday 12th April 2013

U.S. President Barack Obama is proposing a sizable increase in the countries clean energy budget, improving support for energy efficiency, clean transport, renewable power and other "green" technologies. The money for the increase will come from eliminating tax breaks and subsidies to fossil fuel producers, the oil, gas and coal industries. ...

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European Chemicals Industry SMEs get Energy Efficiency Push
European Chemicals Industry SMEs get Energy Efficiency Push

Thursday 11th April 2013

THE European Chemical Industry Council (Cefic) announced the launch of a new Europe-wide project to improve energy efficiency in the chemical industry, particularly for small and medium sized companies. The ‘Sectoral Platform in Chemicals for Energy Efficiency Excellence’ (SPiCE3) project, co-funded by the European Union (EU), aims to boost energy efficiency ...

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Store Chain Looks for 35% Energy Use Reduction
Store Chain Looks for 35% Energy Use Reduction

Wednesday 10th April 2013

UK retailer Marks and Spencer aims to be the worlds greenest store chain by reducing energy consumption by 35 percent per square foot by 2015. One strategy they are about to start is swapping out less energy efficient T5 wall lights for low energy LED in over 170 stores across the ...

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Fiji Looks to Improve Energy Efficiency and Security
Fiji Looks to Improve Energy Efficiency and Security

Monday 8th April 2013

THE Fijian Prime Minister, Voreqe Bainimarama, wants the nation to reduce it’s vulnerability by looking at ways of reducing Fiji’s fuel import bill through improved energy efficiency. A report in The Fiji Times also carries the words of the Fijian Department of Energy director, Peceli Nakavulevu, stating that twenty eight percent ...

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Thailand Sets the Example in Energy Efficiency
Thailand Sets the Example in Energy Efficiency

Friday 5th April 2013

THE energy efficiency sector in Thailand shows that a robust governmental lead aligned with access to international funding can combine to develop an energy efficient economy. This is the conclusion reached by Louise Brown and Athena Ballesteros in an article on GreenBiz.com, where they report that in the early 1990's, Thailand’s ...

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UK Industry Agree to Stretch Energy Efficiency Improvement
UK Industry Agree to Stretch Energy Efficiency Improvement

Thursday 4th April 2013

UK Energy Intensive Industries have agreed to commit to stretching energy efficiency improvement targets to 2020 as part of the voluntary Climate Change Agreements (CCA) scheme. The agreement, which started yesterday, will deliver an overall 11 percent energy efficiency improvement across all industry sectors by 2020 against agreed baselines and provide ...

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European Commission Looks to 2030 Energy Framework
European Commission Looks to 2030 Energy Framework

Tuesday 2nd April 2013

THE European Commission last week took the first step towards developing a 2030 framework for EU climate change and energy policies, with an adoption of a Green Paper launching public consultations. The consultation will be in the content of the 2030 energy framework. The Commission also adopted a report assessing Member ...

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Malaysia Finalizing its Energy Efficiency Plan
Malaysia Finalizing its Energy Efficiency Plan

Thursday 28th March 2013

THE Malaysian Energy, Green Technology and Water Ministry is completing its energy efficiency strategy with the aim to launch it in the middle of the year. The Ministry’s secretary-general Datuk Loo Took Gee said at a press conference: “We’re reviewing the numbers to ensure the target rates are realistic to further ...

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Bulgaria Set-Up Energy Efficiency Working Group
Bulgaria Set-Up Energy Efficiency Working Group

Wednesday 27th March 2013

The interim Prime Minister and Minister of Foreign Affairs for Bulgaria, Marin Raykov, has issued direct orders for measures to improve the countries energy efficiency. A working group is to be set up and take charge of devising energy efficiency programs to run from 2014 through to 2020. The energy efficiency ...

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Government Energy Audit Reveals Huge Saving Potential
Government Energy Audit Reveals Huge Saving Potential

Tuesday 26th March 2013

THE Philippines’ Business Mirror reports the potential savings from one government department through improving energy efficiency. According to Finance Undersecretary Gil Beltran an energy efficiency audit at the Philippines’ Department of Finance’s (DOF) headquarters recently revealed that more than P360 million ($8.8m) in cost savings could be enjoyed through energy efficiency ...

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UK Businesses Losing £3.7 Billion Annually
UK Businesses Losing £3.7 Billion Annually

Monday 25th March 2013

NEW analysis underlines that the UK’s business and industrial sector is losing £3.7 billion annually through wasted energy. The ‘Energy Efficiency Financing’ (EEF), a ‘pay as you save’ lending scheme, supported by Siemens and the UK’s Carbon Trust, supplied the analysis revealing how much is being lost through poor energy efficiency. Data ...

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Need for Energy Efficiency Program for Bulgaria
Need for Energy Efficiency Program for Bulgaria

Thursday 21st March 2013

SOFIA news agency novinite.com report that Bulgaria's caretaker Deputy Prime Minister and Minister of Regional Development and Public Works, Ekaterina Zaharieva, wants to improve energy efficiency in the country. She said that efforts need to be made on drafting a common program for increasing the energy efficiency of all industrial, commercial, ...

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$40 Billion Needed Yearly for Africa's Power Needs
$40 Billion Needed Yearly for Africa's Power Needs

Wednesday 20th March 2013

$40 Billion needs to be spent annually to be able to fulfill the future energy demands for Africa according to one African energy expert. Currently less than a quarter of this amount is being invested states Professor Mosad Elmissiry, head of Energy Programme for The New Partnership for Africa’s Development (NEPAD), ...

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Call for Change to Barriers to U.S. Energy Efficiency Improvements
Call for Change to Barriers to U.S. Energy Efficiency Improvements

Tuesday 19th March 2013

A new report from the American Council for an Energy-Efficient Economy (ACEEE) highlights 16 policies that would remove barriers in the U.S. to investments in energy efficiency. The report, 'Overcoming Market Barriers and Using Market Forces to Advance Energy Efficiency', provides the U.S. Congress and state policymakers with a road map ...

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Australian Cleantech Industries Booming
Australian Cleantech Industries Booming

Monday 18th March 2013

ACCORDING to a new report The Australian Cleantech sector employs 53,000 and has a revenue of AUS$29 billion making it larger than the countries automotive industry. The report, “Australian Cleantech Review 2013” published by Australian CleanTech, reveals that the cleantech sector, including energy efficiency, renewable energy and carbon trading, employs five ...

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Romania Has Huge Energy Saving Potential
Romania Has Huge Energy Saving Potential

Friday 15th March 2013

THE Romanian Association to promote Energy Efficiency (ARPEE) reckons the country has the potential to substantially reduce energy consumption by 2025, according to a report by Romania-Insider.com. The ARPEE claim that the savings could reach up to EUR 7.4 billion or an equivalent of almost 6 percent of Romania’s GDP, according to ...

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U.S. Cities Green Buildings League Table
U.S. Cities Green Buildings League Table

Thursday 14th March 2013

THE U.S. Environmental Protection Agency (EPA) has released the list of cities which had the most Energy Star certified buildings in 2012. The list highlights how commercial buildings owners and managers across the country are taking action on climate change while delivering real financial savings to the bottom line. “Through their partnership ...

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India get 150M Euro from EIB for Energy Efficiency and Renewables
India get 150M Euro from EIB for Energy Efficiency and Renewables

Friday 8th March 2013

THE European Investment Bank (EIB) and Exim Bank signed a €150 million loan for financing investments, energy efficiency and renewable energy projects in India. The EIB loan will make long term financing available for investments that contribute to climate change mitigation implemented by both public and private sector companies. The operation ...

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