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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

Funding News

U.S. Rural and Agricultural Business get Green Funding Boost
U.S. Rural and Agricultural Business get Green Funding Boost

Wednesday 3rd April 2013

THE U.S. Department of Agriculture (USDA) has announced that they are accepting applications to provide assistance to agricultural producers and rural small businesses for energy efficiency and renewable energy projects. Funding has been made available from USDA's Rural Energy for America Program (REAP) to keep the focus carrying out its mission, ...

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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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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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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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Green Deal Finance for Energy Efficiency Improvements
Green Deal Finance for Energy Efficiency Improvements

Wednesday 13th March 2013

THE UK government completed its Green Deal energy efficiency scheme, with Greg Barker, Climate Change Minister, releasing £244 million of funding to the non-profit Green Deal Finance Company. The Finance Company will provide funding for businesses and homes looking to improve energy efficiency. BusinessGreen reports that the details of the agreement ...

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Pennsylvania's Small Businesses get Energy Efficiency Grants
Pennsylvania's Small Businesses get Energy Efficiency Grants

Tuesday 12th March 2013

THE Pennsylvania, U.S., Department of Environmental Protection has awarded $290,010 in grants to help 36 small businesses across the State to invest in energy-efficiency projects. “Since 2004, DEP has invested $7.5 million in 1,756 small businesses statewide,” DEP Secretary Mike Krancer said. “We are committed to investing in energy and pollution-saving ...

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New Zealand Business Missing Out on Billions
New Zealand Business Missing Out on Billions

Monday 11th March 2013

NEW Zealand’s Energy Efficiency and Conservation Authority (EECA) reckons that the countries businesses are losing out to the tune of NZ$1.6 billion in energy savings through not improving energy efficiency. The Business General Manager of the ECCA, Ian Niven, claims many New Zealand firms felt too stretched financially and believing they ...

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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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Renewables Calls for Energy Efficiency in Gulf
Renewables Calls for Energy Efficiency in Gulf

Thursday 7th March 2013

ENERGY efficiency needs to take the foreground as it will reduce the need for generating capacity across the Arabian Gulf according to columnist Tanzeed Alam writing in the Khaleej Times. Alam highlights how much is being spent on renewable energy, with almost every country in the Gulf Cooperation Council setting renewable ...

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Morocco Set Energy Efficiency Plan
Morocco Set Energy Efficiency Plan

Wednesday 6th March 2013

The North African Kingdom of Morocco is setting up an energy efficiency plan to secure a sustainable future for the country. Morocco has already planned and is investing in renewable energy, particularly wind and solar energy, which helps to reduce their reliance on fossil fuel imports. Now they are looking to ...

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China to Step-Up Energy Efficiency Efforts
China to Step-Up Energy Efficiency Efforts

Tuesday 5th March 2013

BLOOMBERG report that China will increase their efforts to improve energy efficiency and cut emissions after suffering record air pollution in Beijing. China’s National Development and Reform Commission report that this year carbon-trading trials will start and they will target a reduction in energy use per unit of GDP by at ...

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Energy Efficiency MBA Program
Energy Efficiency MBA Program

Wednesday 27th February 2013

UKRAINE and the European Union (EU) have teamed up to offer a tailor-made MBA Program for the State Agency on Energy Efficiency and Energy Saving (SAEE) in Kyiv. The aim of the MBA Program, to be conducted at the International Management Institute in Kyiv, is to enhance the management skills of ...

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Nigeria to get $50M Energy Efficiency Funding Boost
Nigeria to get $50M Energy Efficiency Funding Boost

Tuesday 26th February 2013

NIGERIA is to receive $50 million funding for energy efficiency and renewable energy programs from the Climate Investment Funds (CIF). The money is to bolster the African Development Bank (AfDB) supported program of financial systems for clean energy through local banks. It is also part of the country’s national Investment Plan ...

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Ireland to Launch 70m Euro Commercial and Public Sector Energy Efficiency Fund
Ireland to Launch 70m Euro Commercial and Public Sector Energy Efficiency Fund

Thursday 21st February 2013

THE Irish Government has approved the setting up of a €70 million Energy Efficiency Fund with the intention of lending to the public and commercial sectors for energy efficiency projects. The proposal for the fund came from Irish Energy Minister Pat Rabbitte, he announced that the Irish Government has authorized an ...

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China Targets Energy Efficiency Improvement of 18%
China Targets Energy Efficiency Improvement of 18%

Wednesday 20th February 2013

CHINA’S Ministry of Industry and Information Technology revealed that the countries non-ferrous metals industry has to improve energy efficiency by 18 percent by 2015. The Shanghai Daily reports that the ministry reckons that if this industry sector can hit this target then the country could save energy the equivalent to 7.5 ...

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Philippines Doing Well in Energy Efficiency
Philippines Doing Well in Energy Efficiency

Tuesday 19th February 2013

THE Philippines suffers from the highest energy costs in Asia, which may also explain why they are in the top five of the most energy efficient in the region. Sohail Hasnie, the Asian Development Bank principal energy specialist, said: “In Southeast Asia, the Philippines is very, very ahead.” Hasnie also noted that ...

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Hotels in Bahamas Energy Efficiency Program Boost
Hotels in Bahamas Energy Efficiency Program Boost

Monday 18th February 2013

THE Bahamas Hotel and Tourism Association and Ministry of Tourism have launched a major energy efficiency program for hotels with support from the Inter-American Development Bank (IDB) and International Partners. Hoteliers throughout The Bahamas attended the launch of the Caribbean Hotel Energy Efficiency and Renewable Energy Action-Advanced Program, with the objective ...

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Energy Efficiency in the State of the Union Address
Energy Efficiency in the State of the Union Address

Wednesday 13th February 2013

ENERGY efficiency was aired in President Barack Obama’s State of the Union address, stressing the importance of improvement. Obama said: “I’m also issuing a new goal for America: let’s cut in half the energy wasted by our homes and businesses over the next twenty years. “We’ll work with the states to do ...

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Urgent Need for New York Energy Efficiency
Urgent Need for New York Energy Efficiency

Tuesday 12th February 2013

ENERGY efficiency companies in the U.S. States of New York and Massachusetts have a huge business opportunity looming with the possible closure of a nuclear power station in 2015. Currently the debate is continuing as to whether the Indian Point nuclear power plant in New York will power down. With that ...

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Energy Efficiency Summit for Pacific Islands
Energy Efficiency Summit for Pacific Islands

Monday 11th February 2013

THE New Zealand Government and the European Union are combining to hold the Pacific Energy Summit with the aim of progressing energy efficiency and renewable energy for Pacific Island Countries. The Summit will be hosted in Auckland, New Zealand, from 25-27 March, and will look to help Pacific countries and territories ...

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Energy Efficiency Key to Doubling U.S. Energy Production by 2030
Energy Efficiency Key to Doubling U.S. Energy Production by 2030

Friday 8th February 2013

A NEW report claims the U.S. can double energy productivity by 2030 through increasing energy efficiency investments, re-addressing energy saving tax credits and engaging state and local governments. U.S. Senator Mark Warner and National Grid U.S. President Tom King, introduced the Alliance Commission on National Energy Efficiency Policy report which calls ...

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Poland Takes EU Energy Efficiency Lead
Poland Takes EU Energy Efficiency Lead

Wednesday 6th February 2013

POLAND has been a passionate opposer of the European Union’s (EU) actions and strategies to reduce greenhouse gas emissions, but seem to have made a complete U-turn according EurActiv. EU energy efficiency targets for 2030 have become an awkward subject amongst EU states with European Commissioners holding an ‘orientation meeting’ ahead ...

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Energy Efficiency Funding for Pennsylvania's Small Business
Energy Efficiency Funding for Pennsylvania's Small Business

Tuesday 5th February 2013

THE Pennsylvania Department of Environmental Protection (DEP) has awarded $239,809 in grants to help 32 small businesses across Pennsylvania invest in energy-efficiency projects. DEP Secretary Mike Krancer said: "Becoming energy-efficient can involve an initial up-front investment that will be proportionally higher for small businesses. The investment will pay for itself and ...

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