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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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Turkish State Buildings to be made Energy Efficient
Turkish State Buildings to be made Energy Efficient

Monday 16th May 2011

TURKEY is looking to make its state buildings energy efficient, such as office blocks, hospitals and student dormitories, all of which will need to be upgraded to make the savings. The Turkish Ministry of Public Works has decided to convert the buildings, starting with around 100 properties, according to data gathered ...

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Russia get IFC Financial Help to Improve Energy Efficiency
Russia get IFC Financial Help to Improve Energy Efficiency

Friday 13th May 2011

THE International Financial Corporation (IFC), a member of the World Bank Group, is teaming up with the Russian Energy Agency (REA) to aid to Russia improve its energy efficiency. The REA and IFC signed a memorandum of understanding yesterday with the aim to help Russian industry and housing to become energy ...

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Australian Budget Casts Shadow on Solar
Australian Budget Casts Shadow on Solar

Wednesday 11th May 2011

IN TUESDAY night's Australian Federal Budget announcements, Australia's renewable energy sector took a battering, although further funds are released for energy efficiency programmes. The budget allocated A$13m (US$14.13 million) in extra funding to support energy-efficiency programmes, with more than A$20m (US$21.7 million) being provided to improve the reporting of greenhouse gas ...

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Survey Reveals Energy Efficiency Desire and Financial Challenges
Survey Reveals Energy Efficiency Desire and Financial Challenges

Wednesday 11th May 2011

A NEW survey, the 2011 Energy Efficiency Indicator, reveals growing interest in energy efficiency gains, despite hurdles in raising the necessary finance. The survey, released yesterday by Johnson Controls, claims that many companies face financial challenges when trying to improve the energy efficiency of their buildings, this is despite ever increasing ...

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80 Percent of Europeans Say
80 Percent of Europeans Say "Yes" to Binding Energy Saving Target

Tuesday 10th May 2011

EU citizens want energy efficiency measures to reduce energy bills and make the target of 20 percent energy savings by 2020 binding, according to a European Parliament survey. The European Union (EU) set itself the three goals in 2007 of reducing greenhouse gases by 20 percent, raising energy efficiency by ...

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Report Calls for UK to Forget Renewable Target
Report Calls for UK to Forget Renewable Target

Friday 6th May 2011

THE UK should abolish its renewable energy targets and focus on cheaper ways to reduce carbon emissions, according to researchers at Policy Exchange. Britain could save 12.5 billion pounds ($20.6 billion) by cutting back ambitious wind farm projects and "renegotiate its commitment" to the European Union’s (EU) target of generating 20 ...

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Experts Call for Energy Efficiency Policies for Buildings
Experts Call for Energy Efficiency Policies for Buildings

Wednesday 4th May 2011

THIRTY of Europe’s leading energy efficiency executives released an open letter last week calling for the European Union to push policies for the energy efficiency of buildings. The letter was published simultaneously in Le Monde, the Financial Times, the Handelsblatt, Berlingske, and the European Voice. It urges European ministers to favour ...

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U.S. EPA Energy Efficiency Challenge for Manufacturing
U.S. EPA Energy Efficiency Challenge for Manufacturing

Monday 2nd May 2011

ONE year ago, the U.S. Environmental Protection Agency (EPA) challenged the U.S. manufacturing industry to improve their energy efficiency by 10 percent or more within five years. Over that time, 240 manufacturing sites have responded to the Energy Star Challenge for Industry and 34 sites have improved their energy efficiency by ...

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Vegas Resort Saves Big Through Energy Efficiency
Vegas Resort Saves Big Through Energy Efficiency

Wednesday 27th April 2011

MARRIOTT’S Grand Chateau, located at the center of the high-energy Las Vegas Strip, has earned the U.S. Environmental Protection Agency's (EPA's) prestigious Energy Star rating. The Energy Star rating is the U.S. national symbol for protecting the environment through superior energy efficiency. This signifies that the 40-story-building performs in the top ...

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Warning of Fines for UK Business Under CRC Scheme
Warning of Fines for UK Business Under CRC Scheme

Tuesday 26th April 2011

PRICEWATERHOUSE Cooper (PwC) warned today that UK companies registered with the Government’s Carbon Reduction Commitment (CRC) efficiency scheme must make sure their reporting is right or face fines. In a statement PwC said companies could add between 5 – 11 percent to their energy bills if they don’t submit their first ...

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Further Calls for Binding Energy Efficiency Target
Further Calls for Binding Energy Efficiency Target

Friday 22nd April 2011

THE EUROPEAN Commission is about to launch its Roadmap for a resource-efficient Europe, but there are warnings that EU climate targets will not be achieved in the absence of binding energy efficiency targets. 



 CEE Bankwatch Network resource campaigner Marijan Galovic states: “Over the past months, we have learnt that without ...

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London 2012 Olympics aim for Green Medal Perfomance
London 2012 Olympics aim for Green Medal Perfomance

Friday 22nd April 2011

THE London Olympics 2012 is planned to be the greenest, most sustainable and energy efficient Olympics ever, from the construction, operation and also supply line. Many businesses, services and agencies need to be able to conform to sustainability standards to be able to benefit from the event by fulfilling requirements for ...

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Bright Future for UK Cleantech Companies
Bright Future for UK Cleantech Companies

Tuesday 19th April 2011

THE UK’s cleantech companies are feeling optimistic about the future, according to research released today by the UK’s Carbon Trust with 77 percent planning to expand workforce in next year. Defying the wider economic uncertainty, the UK’s cleantech companies have become more confident about their prospects in the last year ...

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New Zealand's Emissions Down
New Zealand's Emissions Down

Monday 18th April 2011

NEW ZEALAND Climate Change Minister Nick Smith has welcomed reports on the country's greenhouse gas emissions (GHG) showing their Emissions Trading Scheme is working The country’s GHG Emissions figures for 2009 and the projected net position for 2008-2012 show the that New Zealand is on track to meet its Kyoto commitments. ...

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SMEs Struggle with Energy Efficiency
SMEs Struggle with Energy Efficiency

Friday 15th April 2011

ENERGY Efficiency expert Professor Ross King has suggested that SMEs struggle to become more energy efficient. Professor King, the co-founder and director of the UK based Centre for Sustainable Environmental Management - Brunel Management Programme, said that small to medium sized businesses or enterprises (SMEs) struggle for enough funds to implement ...

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Philippines Combating Outages and Price Hikes
Philippines Combating Outages and Price Hikes

Wednesday 13th April 2011

A TWO-DAY National Training-Workshop on Energy Efficiency and Conservation is being held in the Dumaguete City, Philippines to combat the almost daily blackouts and oil price hikes. The Philippines’ Department of Energy (DOE) and Development Academy of the Philippines (DAP) have arranged the workshop, with DAP Managing Director Regina Fernandez stating ...

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New York State Capital Region Save $4.5M Yearly on Energy
New York State Capital Region Save $4.5M Yearly on Energy

Friday 8th April 2011

THE NEW York State Energy Research and Development Authority (NYSERDA) announced yesterday that 219 Capital Region businesses are reducing energy costs by nearly $4.5 million annually. The savings are as a result of the energy efficiency upgrades and sustainable building projects supported by NYSERDA during 2010.   

The energy savings—more than 48 ...

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London's Streets to be Paved with Green
London's Streets to be Paved with Green

Friday 8th April 2011

THE MAYOR of London has confirmed the continuation of key energy efficiency programmes supported by £116.5 million from the London Development Agency (LDA) and other organisations are to go ahead. As a result of accessing substantial levels of funding from a spread of funding sources (including private sector, London Green Fund ...

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Australian Climate Group Calls for Action
Australian Climate Group Calls for Action

Thursday 7th April 2011

CLIMATEWORKS Australia say the country’s failure to embrace energy efficiency projects, and setting a carbon price, is costing business and the whole economy. The climate think tank outlined over 50 practical ways for policies to be set that would help Australia to reach their five percent emissions reduction target by 2020. ClimateWorks ...

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EBRD Warn of Insufficient Climate Action
EBRD Warn of Insufficient Climate Action

Wednesday 6th April 2011

THE EUROPEAN Bank for Reconstruction and Development (EBRD) report claims that insufficient support is holding back climate action across the former Soviet bloc countries and into central Asia. The joint Special Report on Climate Change “The Low-Carbon Transition”, by the EBRD and Grantham Research Institute on Climate Change and the ...

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Nuclear Future for UK but Energy Efficiency takes Focus
Nuclear Future for UK but Energy Efficiency takes Focus

Tuesday 5th April 2011

BRITAIN, along with many other nations, have been looking to nuclear energy for future power generation, but after the Fukushima accident energy efficiency is taking centre stage. Last week Nick Clegg, the UK’s Deputy Prime Minister, raised concerns about a delay in future nuclear power plant development, telling reporters that new ...

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Japan May Review Emissions Reduction Target
Japan May Review Emissions Reduction Target

Monday 4th April 2011

JAPAN has mooted that it will review its carbon emission reduction goals after the nuclear disaster highlighted the radiation risk of nuclear energy as a low-carbon energy source. Yukio Edano, Japan's Chief Cabinet Secretary, said the country’s carbon emission reduction targets were likely to be reviewed after the earthquake, the resulting ...

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Calls for Change in New Zealand's Energy Efficiency Strategy
Calls for Change in New Zealand's Energy Efficiency Strategy

Monday 4th April 2011

ENVIRONMENT and Conservation Organisations (ECO) called today for the New Zealand Government to urgently revise their Energy Strategy and address decarbonising the country’s energy production and use. The ECO was responding after the release by New Zealand’s Coal Action Network of the government’s almost complete Energy Strategy and National Energy Efficiency ...

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Car Dealers can Enjoy Substantial Savings through Energy Efficiency
Car Dealers can Enjoy Substantial Savings through Energy Efficiency

Tuesday 29th March 2011

UK CAR dealers could make substantial savings through implementing energy efficiency behaviour and technologies, according to the UK’s Society of Motor Manufacturers and Traders (SMMT). New research into dealer energy efficiency revealed that the average car dealership could save as much as £10,000 a year by cutting its energy use. The ...

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China sets Higher Energy and Emission Targets
China sets Higher Energy and Emission Targets

Monday 28th March 2011

CHINA is making more drastic reductions in energy consumption and carbon dioxide emissions than previously planned, in order to sustain its economic growth at lower environmental cost. According to the Ministry of Industry and Information Technology (MIIT) the compulsory targets will now require an 18 percent reduction of energy consumption ...

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