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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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Energy Efficiency Funding Boost in Bulgaria
Energy Efficiency Funding Boost in Bulgaria

Monday 3rd January 2011

THE European Bank for Reconstruction and Development (EBRD) intends to establish the "Energy Efficiency for Competitive Industry Financing Facility" in Bulgaria. The Bulgarian Ministry of Economy, Energy and Tourism and the European Commission have asked the EBRD to provide its support in promoting energy efficiency and renewable energy investments in Bulgaria ...

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€70 Million Energy Efficiency Grants for Ukraine
€70 Million Energy Efficiency Grants for Ukraine

Friday 31st December 2010

THE EUROPEAN Union (EU) is to grant Ukraine €63 million for an energy-saving programme, and a further €7 million for energy efficiency technical assistance. The grants were revealed in a preliminary report handed to Mykola Pashkevych, chairman of the National Agency of Ukraine for Efficient Use of Energy Resources (NAER), by ...

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Federal Energy Efficiency Funds Boosts for Schools
Federal Energy Efficiency Funds Boosts for Schools

Tuesday 28th December 2010

THE MIDWEST U.S. city of Cincinnati’s Public Schools are focusing on "greening" its new buildings and also looking how they can energy costs in 26 of its older buildings. Some of the “older” buildings were built only five or six years ago and the city is using more than $23 million ...

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EBRD to Help Finance Business Energy Efficiency
EBRD to Help Finance Business Energy Efficiency

Friday 24th December 2010

THE EUROPEAN Bank for Reconstruction and Development (EBRD) is continuing in its support of Romanian companies in a drive to improve energy efficiency. EBRD are providing a new €10 million loan to OTP Bank Romania, part of the largest independent Central-Eastern-European banking group, to finance sustainable energy projects undertaken by local ...

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IFC to Guarantee Half of Energy Efficiency Loans
IFC to Guarantee Half of Energy Efficiency Loans

Friday 24th December 2010

THE INTERNATIONAL Finance Corp. (IFC) will guarantee half of the loans extended by the Filipino Banco de Oro Unibank, Inc. (BDO) under the bank’s Sustainable Energy Finance Program. The IFC, a private sector arm of the World Bank, released a statement yesterday revealing it had signed a risk-sharing facility with BDO, ...

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Better Governance Vital for Energy Efficiency
Better Governance Vital for Energy Efficiency

Monday 20th December 2010

THE EUROPEAN Bank for Reconstruction and Development (EBRD) and the International Energy Agency (IEA) have joined up to promote energy efficiency by highlighting the vital role of good governance. The IEA published the results of its global Energy Efficiency Governance study today in the form of a summary handbook and a ...

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Energy Efficiency Grants for Pennsylvania Small Businesses
Energy Efficiency Grants for Pennsylvania Small Businesses

Friday 17th December 2010

STATE investments are helping Pennsylvania, US, small-business owners continue to lower their operating costs by conserving energy and reducing pollution. Department of Environmental Protection Secretary John Hanger announced yesterday, that 90 small businesses across Pennsylvania will receive more than $560,000 in grants through the Small Business Advantage program to reduce energy ...

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Municipalities get EU Energy Efficiency Grants
Municipalities get EU Energy Efficiency Grants

Wednesday 15th December 2010

GRANTS for energy efficiency projects from European Union (EU) programmes have been approved and are being distributed across 58 Bulgarian municipalities. Part of the funding, a total of BGN105million ($72million), will be distributed to improve the energy efficiency in 215 schools and kindergartens, affecting 85,000 students. The funding is provided ...

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Energy Efficiency Incentives Untouched in Harsh Irish Budget
Energy Efficiency Incentives Untouched in Harsh Irish Budget

Wednesday 8th December 2010

IRELAND faced their toughest budget ahead of a huge bail-out from the European Union (EU) and International Monetary Fund (IMF) but the their was some good news amongst the deep financial cuts - tax incentives for energy efficiency. The Irish Minister for Finance Brian Lenihan announced that there will be a ...

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First Wave of Australian Energy Efficiency Financing
First Wave of Australian Energy Efficiency Financing

Tuesday 30th November 2010

THE MELBOURNE City Council is one of six recipients of energy efficiency financing from the Australian Carbon Trust. Australian Federal Minister for Climate Change and Energy Efficiency, Greg Combet, announced the signing of multi-million dollar financial agreements between the Trust and six major organisations. The Australia Carbon Trust was set up to encourage and promote energy efficiency ...

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Loan Deal Close for India's $16 Billion Energy Saving Market
Loan Deal Close for India's $16 Billion Energy Saving Market

Thursday 25th November 2010

A PILOT programme for financing energy-saving projects set up by Europe’s biggest bank, HSBC Holdings Plc, is near to completing it’s first loan deal into India’s $16 billion energy-saving market. Stuart Davis, chief executive officer of HSBC’s Indian operations, said in an interview in Mumbai with Bloomberg: “We’re optimistic that we can ...

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Russia to spend $300 Billion on Energy Efficiency
Russia to spend $300 Billion on Energy Efficiency

Monday 22nd November 2010

THE Russian government has approved a $300 billion energy-efficiency program aimed at trimming the fat from old Soviet-era factories and buildings. This action signals a new effort to make the country more environmentally friendly, particularly needed when has been revealed that Russia wastes enough energy to power the French economy. Kevin James ...

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