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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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Thai Industries Set Up Energy Efficiency Loans
Thai Industries Set Up Energy Efficiency Loans

Thursday 25th February 2010

The Federation of Thai Industries (FTI) plans to expand financial assistance for factory operators to improve energy conservation by asking for soft loans from commercial banks. Rungruang Saipawan, Director of the FTI Institute of Industrial Energy, said the federaton and the Energy Industry's Alternative Energy Development and Efficiency Department (DEDE) are ...

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Israel to Fund Energy Efficiency Initiatives
Israel to Fund Energy Efficiency Initiatives

Thursday 18th February 2010

Israeli Minister of National Infrastructures Uzi Landau said during the "Policy & Technology - Energy Efficiency - The Quiet Giant" panel at the Eilat-Eilot International Renewable Energy Conference & Exhibition: " Israel has decided to cut its energy consumption by 20% by 2020 under a business-as-usual scenario, which is an ambitious ...

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Energy Efficiency, Jobs Creation, Environmental Impacts
Energy Efficiency, Jobs Creation, Environmental Impacts

Friday 12th February 2010

The US government’s commitment towards environmental issues has been highlighted this week. The PEERS Group (Program for Energy Efficiency Through Responsible Stimulus), is a grassroots initiative that seeks matching government funds for existing state and utility energy efficiency rebates, the PEERS Committee is headed by the interNational Association of Lighting Management ...

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South Korea Sees The LED Light
South Korea Sees The LED Light

Thursday 11th February 2010

The South Korean government announced today that it will spend $47 million this year to increase the use of energy efficient lighting products, aimed at helping South Korea cut back on greenhouse gas emissions. The funds will promote use of light-emitting diode (LED)-based lighting products, power transformers and inverters, according ...

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San Francisco Invests In Energy Efficiency
San Francisco Invests In Energy Efficiency

Friday 5th February 2010

San Francisco Mayor Gavin Newsom has announced that the city will invest $19.2 million to make the city more energy efficient, and in the process create up to 22 new jobs and generate $3 million in energy savings annually going forward. About $11.5 million of the funds will be distributed through ...

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World Bank, IMF All Have Money For Energy Efficiency
World Bank, IMF All Have Money For Energy Efficiency

Monday 1st February 2010

Financial incentives to become energy efficient are now common place and show no sign of disappearing, in fact they will become evermore prominent as 2010 continues and governments drive towards reducing energy use. Many of these incentives are locally based; others are national while others are international. For instance in Tunisia the ...

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BASIC Urges Rich Nations To Hand Over $10 billion Funding Aid To Poor Countries
BASIC Urges Rich Nations To Hand Over $10 billion Funding Aid To Poor Countries

Monday 25th January 2010

The group known as BASIC, composed of Brazil, South Africa, India, and China, has urged developed nations to quickly start distributing the $10 billion pledged in Copenhagen, aimed to help poorer countries adapt to the effects of climate change. With a share of this funding initiative, poor countries would be able ...

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Brazil Creates United Fund For Poor Nations' Adaption To Climate Change
Brazil Creates United Fund For Poor Nations' Adaption To Climate Change

Friday 22nd January 2010

Brazil is going to suggest the creation of a united fund with China, South Africa and India, with the aim of helping poor countries adapt to global warming, and more broadly, in an attempt to revive stalled global climate talks. The creation of a fund to help poor nations sustain themselves ...

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Canada Invests $146 Million In Clean Energy
Canada Invests $146 Million In Clean Energy

Tuesday 19th January 2010

Over the next 5 years, the Canadian government plans to inject up to $146 million in 19 clean energy projects, including energy use in buildings, community heat generation, renewables and energy storage. The projects are being supported by the $1 billion Clean Energy Fund, which is part of the Government of ...

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EIB Lends China Efficient Helping Hand
EIB Lends China Efficient Helping Hand

Friday 8th January 2010

The European Investment Bank (EIB) is lending China €134 million to support 4 projects aimed at improving energy efficiency and reducing carbon emissions by 830,000 tonnes. Initiatives to encourage and sponsor energy efficiency improvements are welcomed by the Energy Saving Association (ESA), whose members believe in the undeniable potential of energy ...

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DOE Grant IT + .Com $47 Million For Energy Efficiency
DOE Grant IT + .Com $47 Million For Energy Efficiency

Friday 8th January 2010

The US Department of Energy (DOE) is granting IT and communications giants a $47 million boost to improve energy efficiency. These major groups include IBM, Hewlett-Packard and Yahoo!. IT and telecommunications centers currently consume approximately 120 billion kWh/year, which is 3% of America's total electricity use. Energy efficiency improvements are needed ...

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US City Funding Initiative For Energy Efficient Implementations
US City Funding Initiative For Energy Efficient Implementations

Wednesday 6th January 2010

A $950,000 federal grant was given to the US city of Macon, to upgrade the roof of City Hall, replace the heating and cooling systems at the City Auditorium, and implement all other necessary changes aimed at energy saving. Thomas Brandner, Council Member of the Energy Saving Association (ESA), responds to ...

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US Supports Poor Countries Energy Efficiency Funds
US Supports Poor Countries Energy Efficiency Funds

Thursday 17th December 2009

The Secretary of State, Hilary Clinton, announced on Thursday that the USA is willing to extend its contribution toward a fund worth 100 billion dollars per year by 2020, to help poor countries adapt to climate change. The figure is similar to the long-term figures established by the European Union (EU). Such ...

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Carbon Reduction Urged By US President
Carbon Reduction Urged By US President

Friday 11th December 2009

At the Copenhagen conference yesterday, US President Barack Obama pressed world leaders to break barriers regarding climate change, despite the US having been accused by many nations of lacking ambition.   President Obama outlined the threats the world is facing, as he warned of dramatic consequences if nothing is done to inhibit ...

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Japan And Indonesia Determined To Curb Climate Change
Japan And Indonesia Determined To Curb Climate Change

Thursday 10th December 2009

Japanese and Indonesian leaders are urging UN climate conference negotiators, currently in Copenhagen, to agree on a deal setting up targets to reduce carbon emissions. Indonesia is one of the developing countries that could experience the most damaging consequences of rising temperatures. Japan is offering Indonesia a helping hand by proposing ...

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Innovation
Innovation

Friday 13th November 2009

Innovation is "crucial" in the development and implementation of new energy efficiency strategies, one industry expert has avowed. US agriculture secretary Tom Vilsack made his remarks as his country's departments of agriculture and energy announced that grants of more than $24 million (£14.4) have been allocated to a number of projects ...

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Funding for Onshore Windfarms
Funding for Onshore Windfarms

Wednesday 11th November 2009

It has become increasingly crucial for the UK to take steps to reduce carbon emissions, according to the chancellor of the exchequer. Alistair Darling made his comments in recent days at a forum in London, which he hosted alongside energy and climate secretary Ed Miliband - who is also the Labour ...

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American Recovery and Reinvestment Act aids South Carolina
American Recovery and Reinvestment Act aids South Carolina

Wednesday 11th November 2009

Funding from the American Recovery and Reinvestment Act is aiding energy management projects in South Carolina's Savannah River site, it has been announced. In a statement, the US department of energy said that deputy secretary of energy Daniel Poneman recently talked about the issues at a community breakfast. He explained that while ...

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Carbon Trust welcomes
Carbon Trust welcomes "major" Korean agreement

Wednesday 11th November 2009

A "major" new agreement has been struck between the Carbon Trust and the Korean Environmental Industry and Technology Institute, it has been announced. In a statement, the organisation explained that within 12 months, products from the country that are exported into the UK and other destinations around the globe could well ...

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Energy-efficiency funding granted in South Carolina
Energy-efficiency funding granted in South Carolina

Tuesday 27th October 2009

The city of Charleston in South Carolina is set to roll out a series of energy-saving measures after being awarded $1.1 million (£673,164) in federal stimulus funding. According to the Post and Courier, some of the money will be used to set up a new organisation known as the Charleston Energy ...

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Government departments receive £20m to cut emissions
Government departments receive £20m to cut emissions

Monday 26th October 2009

The UK government will invest £20 million in reducing the carbon emissions and energy bills of its central departments, it has emerged. Energy and climate change minister Joan Ruddock said that the money will be used to help government departments make financial savings, as well becoming more environmentally friendly. The £20 million ...

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Energy-saving initiatives 'help economy to grow'
Energy-saving initiatives 'help economy to grow'

Friday 2nd October 2009

The deployment of energy-efficiency programmes encourages economic growth, supports new businesses and creates new jobs, as well as helping the environment, a report has stated. Environment Northeast, a non-profit organisation carrying out research into green energy solutions in north-eastern America and eastern Canada, recently published a study into the potential impact ...

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California unveils major energy-efficiency investment
California unveils major energy-efficiency investment

Friday 25th September 2009

California has hailed its new programme for energy-efficiency investment as the largest in the history of the US. More than $3 billion has been earmarked by the state to comprehensively retrofit homes and introduce other measures to slash energy consumption among Californian businesses and consumers. According to the California Public Utilities Commission ...

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Pakistan receives bank loan for energy-saving initiatives
Pakistan receives bank loan for energy-saving initiatives

Monday 21st September 2009

The Asian Development Bank (ADB) has confirmed that Pakistan will receive funds totalling $780 million (£481 million) to finance energy-saving projects. As part of the ADB's $1.18 billion Energy Efficiency Investment Program, Pakistan will aim to establish energy security and low-carbon growth in a country that regularly suffers major power outages ...

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UK government unveils energy saving initiative for poor areas
UK government unveils energy saving initiative for poor areas

Saturday 12th September 2009

The UK's energy and climate change minister Ed Miliband has launched a new scheme designed to help reduce carbon emissions in deprived areas. The UK government has unveiled a £350 million package of measures that will fund house and whole street makeovers aimed at improving energy efficiency in some of the ...

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