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European Spending on Energy Efficient Building Technologies to Rise to $112Bn

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Story Released 9:37pm 16/10 European Spending on Energy Efficient Building Technologies to Rise to $112Bn

Funding News

Further European Energy Efficiency Funding
Further European Energy Efficiency Funding

Thursday 24th March 2011

THE EUROPEAN Commission (EC) and the European Investment Bank (EIB) have pledged to invest around €220 million in a new energy efficiency fund. The fund is part of the proposed European Union's European Energy Efficiency Facility (EEE-F), which is due to set up by the end of this month. The Council of ...

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Failing to Improve Energy Efficiency makes no Business Sense
Failing to Improve Energy Efficiency makes no Business Sense

Thursday 24th March 2011

DAVID Powell, climate campaigner at Friends of the Earth believes that failing to implement energy efficiency does not make any business sense. Although commenting on the situation in the UK, what he stated applies globally and to most, if not all, national governments. Powell argued that as energy prices continue to rise, ...

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Ohio Municipality to Improve Energy Efficiency
Ohio Municipality to Improve Energy Efficiency

Wednesday 23rd March 2011

THE small U.S. city of Oregon, a suburb of Toledo in Ohio, is looking to improve the energy efficiency of its city buildings, including the sprawling municipal complex. The aptly named Toledo Blade newspaper reports that the Oregon City Council unanimously agreed to enter a memorandum of understanding with the Toledo-Lucas ...

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EBRD Support Sutainable Energy Future for Turkey
EBRD Support Sutainable Energy Future for Turkey

Thursday 17th March 2011

THE EUROPEAN Bank for Reconstruction and Development (EBRD) are supporting the development of a more sustainable economy and future for Turkey. The EBRD is strengthening its support for Turkey’s efforts to reduce its energy intensity and promote energy efficiency investments with the launch of a Sustainable Energy Action Plan (SEAP) for ...

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Jamaica to get $15M Energy Efficiency Loan
Jamaica to get $15M Energy Efficiency Loan

Friday 11th March 2011

JAMAICA are set to benefit from a $15 million loan approved by the Board of Executive Directors of the World Bank to increase energy efficiency and security on the island. According to the World Bank , the loan will benefit Jamaica’s commercial, industrial and even residential energy consumers by developing detailed ...

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Europe's
Europe's "Roadmap" for more Energy Savings

Wednesday 9th March 2011

TO LIMIT spiralling energy costs and achieve its own target for cutting greenhouse gas emissions, the European Commission said yesterday that the EU must invest heavily in energy efficiency. This opinion came from the unveiling of the Commission’s 'roadmap for moving to a competitive low-carbon economy in 2050'. The plan shows ...

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$15M Grants Available for Greening Illinois Firms
$15M Grants Available for Greening Illinois Firms

Wednesday 9th March 2011

THE ILLINOIS Department of Commerce and Economic Opportunity (DCEO) announced this week that it is accepting applications for two grant programs designed to promote green industry and energy efficiency. The department expects to award up to $15 million in grant funds to the selected applicants. Both programs are run by the ...

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£550M Available in Green Loans to UK Businesses
£550M Available in Green Loans to UK Businesses

Friday 4th March 2011

UK BUSINESSES will be provided with funding of £550 million ($894.9 million) to help them invest in energy efficiency technology, it has been announced today (March 4). The UK’s Carbon Trust and the financial arm of Siemens Financial Services will provide companies with loans over the next three years, businesses ...

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$27 Million for Alberta's Energy Efficiency Projects
$27 Million for Alberta's Energy Efficiency Projects

Tuesday 1st March 2011

$27.2 MILLION Canadian Dollars will be split amongst six companies in Alberta, Canada, as provisional funding to reduce Greenhouse Gas (GHG) emissions through energy efficiency. The Canadian Climate Change and Emissions Management Corp. (CCEMC) Chairman Eric Newell revealed in a statement: "Supporting industry's efforts to improve energy efficiency is key to ...

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EIB Increase Investment in Climate Projects
EIB Increase Investment in Climate Projects

Thursday 24th February 2011

THE EUROPEAN Investment Bank (EIB) revealed this week that its 2010 climate-related projects financing totaled €19 billion, a rise from €16 billion in 2009. Climate-related project lending makes up 30 percent of the Bank’s total 2010 investment, supporting over 460 large-scale projects. The EIB dedicated over €8 billion for energy efficiency and ...

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Estonia Funds Energy Efficiency Projects by selling Emission Credits
Estonia Funds Energy Efficiency Projects by selling Emission Credits

Thursday 17th February 2011

IF YOU sell your emission credits what would you spend the proceeds on? Wisdom dictates energy efficiency, which is what Estonia is doing, releasing more emissions credits for future sale. The Estonian government sanctioned today the selling 500,000 United Nations emission credits, Assigned Amount Units (AUU), that they do not need ...

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Jamaican Government to set Energy Efficiency Lead
Jamaican Government to set Energy Efficiency Lead

Monday 14th February 2011

THE JAMAICAN government is looking to reduce the islands public sector electricity costs of more than US$1 billion by implementing a US$90 million energy efficiency programme. The programme is geared to produce a 15 percent reduction in Jamaica’s energy consumption across all state agencies in the short to medium term. Speaking at ...

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Energy Efficiency Loans for Jamaican SMEs
Energy Efficiency Loans for Jamaican SMEs

Monday 7th February 2011

THE DEVELOPMENT Bank of Jamaica (DBJ) has embarked on a three-pronged initiative to promote its small and medium-sized enterprises energy loan facility. The initiative, to be undertaken over a 24-month period and is which is financed by the PetroCaribe Fund, will include amongst other items an education campaign to showcase energy ...

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Banks Needed to Support Europe's Low-Carbon Economy
Banks Needed to Support Europe's Low-Carbon Economy

Wednesday 2nd February 2011

WITH EUROPE suffering with high levels of public sector debt the banking sector will be needed to support Europe’s €2.9 trillion transition to a low-carbon economy. These are the findings of a new report, Carbon Capital, released today from Accenture and Barclays which gauges that the cost of developing, acquiring and ...

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Banks to Evaluate Energy Efficiency Projects
Banks to Evaluate Energy Efficiency Projects

Monday 31st January 2011

BULGARIAN banks will, from this year, take part in evaluating energy efficiency projects under the country’s Competitiveness Operational Programme (OP) revealed Bulgarian Deputy Economy Minister Evgeni Angelov. Angelov added that the banks will now review projects proposed by local companies who are seeking funds for energy efficiency schemes, which are expected ...

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Romania get Energy Efficiency Funding Boost
Romania get Energy Efficiency Funding Boost

Friday 28th January 2011

THE EUROPEAN Bank for Reconstructions and Development (EBRD) is continuing to support private industrial companies in Romania with a new €10 million loan. The loan is being provided to Raiffeisen Bank S.A. as part of EBRD’s drive to improve energy efficiency in Romanian businesses. Extended under the EU/EBRD Energy Efficiency Financing Facility ...

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€165 Million Energy Efficiency Financing for Slovakia
€165 Million Energy Efficiency Financing for Slovakia

Wednesday 26th January 2011

THE EUROPEAN BANK for Reconstruction and Development (EBRD) is adding a further €15 million loan to the €150 million previously in place to help private companies in Slovakia improve energy efficiency. The loan has been made to the UniCredit Bank Slovakia to finance sustainable energy projects under the bank’s Slovakia Sustainable ...

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Energy Saving Body Suffers Funding Cut
Energy Saving Body Suffers Funding Cut

Tuesday 25th January 2011

THE UK government has slashed by half its funding of the Energy Saving Trust (EST), the Guardian newspaper reports. The EST provides grants and advice to businesses, public entities and the public to aid them to reduce their energy use, costs and greenhouse gas emissions. The UK government has said that ...

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Vietnam Ripe for Energy Saving Industry
Vietnam Ripe for Energy Saving Industry

Monday 24th January 2011

IN VIETNAM power outages are becoming more frequent, so many enterprises are looking to use energy-saving technologies and products. Experts are hence predicting that the trend is set to strengthen the country’s energy saving businesses. Huynh Kim Tuoc, director of the Ho Chi Minh City Energy Conservation Center, said saving power helps ...

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Latin America and the Caribbean get Energy Efficiency Boost
Latin America and the Caribbean get Energy Efficiency Boost

Tuesday 18th January 2011

The Inter-American Development Bank (IDB) and the Japan International Cooperation Agency (JICA) signed a Memorandum of Understanding to support energy efficiency and renewable energy in Latin America and the Caribbean. The Memorandum is designed for the mitigation of climate change, one of the key priorities of the JICA in its ...

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Local Governments Turn to Energy Saving Industry
Local Governments Turn to Energy Saving Industry

Thursday 13th January 2011

HEAVILY strained governmental budgets have convinced state and local governments across the United States to adopt a new form of performance-based investments in energy efficiency offered by ESCOs. An ESCO, and energy services company, provides energy-efficiency-related and other value-added services often with performance contracting as a core part of its ...

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MIT Save Big through Energy Efficiencies
MIT Save Big through Energy Efficiencies

Wednesday 12th January 2011

The Massachusetts Institute of Technology (MIT) in the U.S. is saving big on energy and hence money all through an ambitious project to reduce electricity use across its sprawling campus. MIT are collaborating with local utility company NSTAR and have exceeded their first-year energy savings goal of their Efficiency Forward programme ...

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Municipalities to Cash In on Energy Saving
Municipalities to Cash In on Energy Saving

Friday 7th January 2011

NEW JERSEY'S municipalities are set to cash in on energy saving with the help of state grants and after benefitting from federal stimulus money. Tom Johnson reports in NJ Spotlight that the state’s local governments are facing another year of belt tightening, but many towns and counties are banking on cutting ...

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Programme to Fund Energy Efficiency Upgrades
Programme to Fund Energy Efficiency Upgrades

Wednesday 5th January 2011

THE U.S. state of Missouri’s capital city, Jefferson City, claims to be the states first community to provide aid for businesses and residents to improve their energy efficiency. Jefferson City officials have formed a Clean Energy Development Board that will provide businesses and private property owners funding through municipal bonds for ...

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EU Energy Efficiency Funds Unclaimed
EU Energy Efficiency Funds Unclaimed

Tuesday 4th January 2011

THE EUROPEAN Union (EU) has energy efficiency grants from a reallocated fund worth €8 billion which are still unclaimed, so reports a top European Commission official. Marie Donnelly, director at the European Commission’s DG Energy told EuroActiv that the unclaimed funds are a concern to the EU as they are struggling ...

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