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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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New Energy Efficiency Scheme to Start in India
New Energy Efficiency Scheme to Start in India

Wednesday 4th July 2012

THE Indian Power Minister, Sushilkumar Shinde, inaugurated the ‘Perform, Achieve, Trade’ (PAT) scheme in New Delhi today. The PAT Mechanism is an important initiative under the Indian National Mission for Enhanced Energy Efficiency (NMEEE) programme, of the Government of India, under the eight national missions of NAPCC. It is a market ...

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A Major Step Towards a Clean Energy Future for Australia
A Major Step Towards a Clean Energy Future for Australia

Tuesday 3rd July 2012

AUSTRALIA claim they have taken a major step towards a greener future as major CO2 emitters are required to pay for what they emit under a new carbon pricing mechanism. Australia’s carbon price, which started July 1, means that in the year 2020, Australia’s carbon pollution will be at least 159 ...

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The Hidden Cost of Power
The Hidden Cost of Power

Friday 29th June 2012

A STUDY of UK households has revealed the amount of wasted energy from leaving appliances on standby - for the commercial and industiral sectors the losses must be greater. Computers, televisions and other electrical products plugged in but not in use or left on standby cost the UK up to £1.3 ...

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Rio+20 Focus on Future but Claims of Failure on Sustainability
Rio+20 Focus on Future but Claims of Failure on Sustainability

Wednesday 27th June 2012

THE Rio+20 Conference produced 100 commitments and actions for sustainable energy but environmental groups have still dubbed it a failure. United Nations Secretary General Ban Ki-moon said at the end of the conference: “Sustainable Energy for All provides a powerful model for the future. This initiative is already mobilizing significant action ...

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"We need a green, clean revolution."

Wednesday 20th June 2012

THE Climate Group have launched The Clean Revolution Campaign at the Rio+20 Earth Summit, where world leaders shared their visions for a low carbon world with a thriving economy. The Climate Group is an independent, not-for-profit organisation whose aim is to inspire and catalyze leadership for a low carbon future for ...

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Cities Need More Funding for Green Growth
Cities Need More Funding for Green Growth

Wednesday 13th June 2012

IN a new report from the Carbon Disclosure Project (CDP) 82% of cities identify the potential for economic growth as a result of climate change mitigation and adaptation. More than half the participating cities identify opportunities to create green jobs and new business initiatives. Despite the substantial prospects for green ...

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$50 Billion Sustainability Finance from Bank of America
$50 Billion Sustainability Finance from Bank of America

Tuesday 12th June 2012

THE Bank of America yesterday announced a new 10-year, $50 billion environmental business goal to help address climate change, reduce demands on natural resources and advance lower-carbon economic solutions. The Bank has also introduced significant new goals to reduce the environmental impact of its own operations. The new goal, effective from ...

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Bangladesh Businesses get Energy-Efficiency Financing
Bangladesh Businesses get Energy-Efficiency Financing

Monday 11th June 2012

EASTERN Bank Ltd. (EBL) in Bangladesh has developed the first Sustainable Energy Finance loan for the country to help companies implement energy-saving measures and boosting the competitiveness of private enterprises who take out such loans. Eastern Bank developed EBL Green Credit, with assistance from the South Asia Enterprise Development Facility, managed ...

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Global CO2 Emissions Increase By 1.0 Gt to record high
Global CO2 Emissions Increase By 1.0 Gt to record high

Wednesday 30th May 2012

GLOBAL carbon-dioxide (CO2) emissions from fossil-fuel combustion reached a record high of 31.6 gigatonnes (Gt) in 2011, according to preliminary estimates from the International Energy Agency (IEA). This represents an increase of 1.0 Gt on 2010, or 3.2%. Coal accounted for 45% of total energy-related CO2 emissions in 2011, followed by ...

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UK Looks to Climate Change Policy to Mitigate Fuel Price Spikes
UK Looks to Climate Change Policy to Mitigate Fuel Price Spikes

Tuesday 22nd May 2012

THE negative impact that spikes in fossil fuel prices have on the UK could be reduced by over 50 percent in 2050 due to climate change policies, claimed Edward Davey. The analysis, produced by Oxford Economics and commissioned by the UK Government, shows how the country’s sensitivity to oil and gas ...

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EBRD Sets an Emissions Goal for Energy Lending
EBRD Sets an Emissions Goal for Energy Lending

Monday 21st May 2012

THE European Bank for Reconstruction and Development (EBRD) announced at its annual conference an emissions reduction target for its investments throughout the 2012-14 phase of its sustainable energy initiative (SEI). The bank expects a 25 percent rise in lending to energy efficiency and renewable energy projects, in real terms: €4.5 billion-€6.5 ...

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Mexico set to Pass Legally Binding Emission Targets
Mexico set to Pass Legally Binding Emission Targets

Friday 4th May 2012

MEXICO is set to pass strong climate change legislation, joining the UK by having legally binding emission targets to combat the effects of climate change. The new legislation, passed by the Mexican Senate, contains wide-ranging provisions to alleviate the effects of climate change, including a mandate to cut emissions of carbon ...

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Indian Industry Face new Energy Efficiency Rules
Indian Industry Face new Energy Efficiency Rules

Tuesday 3rd April 2012

IN a new measure to check greenhouse gas emissions, the Indian government has initiated a domestic carbon trade mechanism, imposing penalties on industries failing to achieve energy efficiency targets. New rules affecting eight energy-intensive industrial sectors will allow the government to impose a penalty of over Rs10,000 for each tonne ...

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UK's CRC Scheme Simplified to Save Businesses Millions
UK's CRC Scheme Simplified to Save Businesses Millions

Thursday 29th March 2012

MILLIONS of pounds will be saved for businesses through ambitious new proposals to simplify the UK’s Carbon Reduction Commitment Energy Efficiency Scheme, (CRC). Participants will see their administrative costs cut by almost two-thirds, equating to around £330 million of savings up to 2030. The CRC is a mandatory UK-wide trading scheme covering ...

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Helping Australian Businesses Access $1 Billion in Clean Tech Funding
Helping Australian Businesses Access $1 Billion in Clean Tech Funding

Wednesday 7th March 2012

OVER 1800 manufacturers in Australia have registered to attend information sessions for the $1 billion Clean Technology Investment programs. The $800 million Clean Technology Investment Program and the $200 million Clean Technology Food and Foundries Investment Program offer assistance to businesses to invest in energy efficient capital equipment and low emissions ...

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EU Energy Committee Backs Binding National Energy Efficiency Targets
EU Energy Committee Backs Binding National Energy Efficiency Targets

Wednesday 29th February 2012

EU countries will have to set themselves binding national energy efficiency targets, and save energy by specific means, under a draft EU directive approved by the Energy Committee on Tuesday. This directive would not only save energy, but also reduce CO2 emissions, and hence increase demand for emission allowances under ...

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UK Energy Statistics for 2011 Released
UK Energy Statistics for 2011 Released

Friday 24th February 2012

THE UK Department of Energy and Climate Change released its provisional energy statistics yesterday, that allow an assessment to be made of trends in energy production, transformation and consumption in 2011. Primary energy production fell by a record 14 percent on a year earlier to 136.3 million tonnes of oil ...

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Hong Kong's Building Energy Efficiency Initiatives
Hong Kong's Building Energy Efficiency Initiatives

Tuesday 21st February 2012

THE Hong Kong Government announced yesterday that the three-year Buildings Energy Efficiency Funding Schemes launched in  April, 2009, will close on April 7. 

With $450 million(US$58M) allocated by the Hong Kong Environment and Conservation Committee, the subsidy schemes have aimed to encourage building owners to upgrade the energy efficiency performance of their ...

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UK's Green Deal Offers Opportunities
UK's Green Deal Offers Opportunities

Friday 17th February 2012

THE UK government and business leaders discussed the economic and environmental benefits of the country's Green Deal during a Renewable Energy World 2012 conference panel. The Green Deal programme aims to perform energy efficiency upgrades in UK businesses and residences to reduce energy use, greenhouse gas emissions and energy costs with ...

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Energy Projects Cut Emissions in Taiwan
Energy Projects Cut Emissions in Taiwan

Thursday 16th February 2012

THE Republic of China (ROC) reports that 229 energy and energy efficiency projects that they have promoted has helped reduce CO2 emissions by 4.82 million metric tonnes last year. The figures were announced by the Bureau of Energy (BoE) this week. In their statement they revealed: “Energy density and carbon density ...

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Bahamian Government Plan to Improve Energy Efficiency and Intensity
Bahamian Government Plan to Improve Energy Efficiency and Intensity

Monday 13th February 2012

THE Bahamas are looking to improve their energy efficiency to combat climate change and energy intensity. Energy use data reveals that the Bahamas imported 7,814,000 barrels of oil and petroleum products in 2010, at a cost of $695,810,000, or approximately 10 percent of The Bahamas' GDP for that year. “The typical household ...

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Vietnam's Energy Efficiency Programme to Cost $48m
Vietnam's Energy Efficiency Programme to Cost $48m

Thursday 9th February 2012

THE Vietnam National Programme for Energy Efficiency and Conservation needs around VND1 trillion ($48 million) to save between five and eight percent of the nation's total energy consumption by 2015. This is the conclusion of the country’s Ministry of Planning and Investment. The Programme, started in 2006, encourages, promotes and cultivates science ...

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IEA Supports Slovak Efforts in Energy Efficiency
IEA Supports Slovak Efforts in Energy Efficiency

Wednesday 8th February 2012

THE Slovak Republic has achieved impressive results in increasing energy efficiency in recent years but can do more, according to the International Energy Agency (IEA). The IEA, in its review of Slovak energy policies also states that the Republic needs to strengthen its energy security and industrial competitiveness, including further diversifying ...

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Tough Times = Energy Costs Matter More than Carbon Output
Tough Times = Energy Costs Matter More than Carbon Output

Friday 27th January 2012

WHEN times are tough finacially it is cost over sustainability every time. That is the result of an energy-related poll conducted yesterday, that showed how important energy saving is to businesses. In austere financial times companies are three times more likely to ignore carbon reduction targets and compliance legislation and regulations, ...

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Property Refurbishment Fund Reaches £100 Million Mark
Property Refurbishment Fund Reaches £100 Million Mark

Friday 27th January 2012

THE Threadneedle Low-Carbon Workplace Trust (LCW) has secured a significant equity commitment from real estate group The Townsend Group, together with an additional equity commitment LCW is at £100m. Launched in 2010, LCW is a partnership between Threadneedle Investments, a leading UK property investment manager, Stanhope, one of the UK’s leading ...

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