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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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Energy Efficiency a Financial Opportunity for Businesses
Energy Efficiency a Financial Opportunity for Businesses

Monday 10th January 2011

ANALYSIS by the UK’s Carbon Trust Advisory Services has confirmed that energy efficiency is a good financial opportunity for companies. The Trust are encouraging business leaders to take a fresh look at the opportunities in their businesses, and have produced an energy efficient paper, not as a 'how-to' guide on ...

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President Unhappy with Europe's Energy Efficiency Progress
President Unhappy with Europe's Energy Efficiency Progress

Thursday 6th January 2011

EUROPEAN Commission President José Manuel Barroso yesterday announced that he was disappointed by the European Union's (EU) lack of progress on energy efficiency. “While on the renewables we are making a lot of progress and it is now realistic to think that we are going to fulfill our 20 percent target ...

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A Sustainable Energy Future for Bulgaria
A Sustainable Energy Future for Bulgaria

Wednesday 5th January 2011

IN BULGARIA an expert team from the Energy Efficiency Agency (EEA) has developed a draft National Energy Efficiency Strategy document and sent it to energy minister Traicho Traikov for approval. At the energy ministry a work group is to prepare the final version of the document. The strategy is based on ...

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Encouragement for Philippine Energy Efficiency
Encouragement for Philippine Energy Efficiency

Tuesday 4th January 2011

PHILIPPINES Senator Edgardo J. Angara has emphasised that the country needs to be more canny with regards to energy usage and consumption. He also stated the need for a better energy programme to benefit both the providers and the consumers. “Now that we’re facing a new year, it’s time for the government ...

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$55 Million Saved Despite Missed Energy Efficiency Target
$55 Million Saved Despite Missed Energy Efficiency Target

Friday 31st December 2010

THE NORTH Carolina (N.C.) state government in the U.S. saved taxpayers $55.3 million in energy costs last year but failed to meet the state's own energy efficiency goal. An energy efficiency programme was started in 2003 to reduce energy costs at state government agencies and universities. The goal of the programme ...

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Energy Saving Standards to be set in Azerbaijan
Energy Saving Standards to be set in Azerbaijan

Thursday 30th December 2010

IN AZERBAIJAN specialists from the State Committee for Standardisation, Metrology and Patent have prepared a draft national programme on energy saving. According to Sabig Abdullayev, the Chief of Department for Standardisation and Technical Regulation, the proposed programme will apply 75 standards of energy efficiency, leading to a target of 30 percent ...

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Indian State Departments Face Mandatory Energy Audits
Indian State Departments Face Mandatory Energy Audits

Wednesday 29th December 2010

THE INDIAN State of Madhya Pradesh is set to carry out mandatory energy audits and energy efficiency measures across all state government, semi-government, corporation and board offices. A 10 percent increase is predicted in Indian energy bills in the near future, leading to concerns over energy wastage across the states facilities. The ...

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Building Owners Unaware of Energy Efficiency Act
Building Owners Unaware of Energy Efficiency Act

Wednesday 29th December 2010

THAILAND passed the Energy Conservation Promotion Act, requiring building owners to inspect their energy management nearly a year ago, but many building owners have no idea the Act exists. The landlords of these buildings also fail to realise that they must also prepare an energy management report each March, due to ...

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Two States set Example for U.S.
Two States set Example for U.S.

Monday 27th December 2010

IN THE U.S. the prospect of a comprehensive national energy policy seems uncertain, but two states reminded the whole country that bold energy efficiency policies can win bipartisan support. It is generally accepted that energy efficiency would save businesses and consumers millions in wasted energy costs, but national energy efficiency policies ...

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Energy Saving Verification Vital
Energy Saving Verification Vital

Wednesday 22nd December 2010

IN BATON ROUGE, Louisiana, the state legislative auditor has found that two state hospitals have energy efficiency contracts that fail to comply with state law due to a lack of verification. The local Advocate newspaper has reported that the auditor found that savings realised from “energy efficiency” contracts were not measurable ...

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Energy Efficiency Challenge for North China Buildings
Energy Efficiency Challenge for North China Buildings

Wednesday 22nd December 2010

MORE than half the buildings constructed in northern China in 2009 failed to meet China's energy-saving standards, stated an inspection report released this week. China's top legislature conducted an inspection discovering over 2 billion square meters of space in old buildings in northern China in need energy saving upgrades. "Concerning the ...

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Research Predicts Growth in Energy Efficiency Upgrades
Research Predicts Growth in Energy Efficiency Upgrades

Tuesday 21st December 2010

DESPITE the general turndown in new construction due to the global recession, one building-related field has continued to grow: upgrades tied to improving a facilities energy efficiency according to a new white paper. This is the results of a new white paper by Pike Research of Boulder. Colorado US. The report ...

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Energy Efficiency to Reduce Oil Imports
Energy Efficiency to Reduce Oil Imports

Monday 20th December 2010

THE PHILIPPINES government want to see energy efficiency improve as it will reduce the need for oil imports. Such a reduction will also lower the capital and operating cost of electricity and will consequently provide Filipinos with sufficient electricity at lower possible cost, according to Assistant Secretary Leonilo Lariosa of the ...

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Vietnam's Energy Efficiency Success but Improvements Still Needed
Vietnam's Energy Efficiency Success but Improvements Still Needed

Thursday 16th December 2010

THE Vietnamese national programme on energy efficiency and conservation, enacted over the last five years, has recorded a 30 percent higher return than targeted. "Cities and provinces throughout the country have conserved more than 4 billion kWh", said Deputy Minister of Industry and Trade Hoang Quoc Vuong at a meeting to ...

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European Energy Efficiency Action Plan Approved
European Energy Efficiency Action Plan Approved

Thursday 16th December 2010

ENERGY Efficient buildings should be a key priority of the forthcoming revised Energy Efficiency Action Plan, say European Parliament Members (MEPs) in a resolution passed on Wednesday. Proper implementation of existing legislation and public sector example-setting were among other proposals listed in the resolution. MEPs also voted for a binding ...

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Orlando Finds Energy Efficient Treasures
Orlando Finds Energy Efficient Treasures

Wednesday 15th December 2010

THE CITY of Orlando in Florida set a dedicated team the task of looking for energy savings and efficiencies at Orlando’s 70 plus-year old Citrus Bowl Stadium and soon came up with substantial energy and hence financial savings. Searching for energy savings surrounding and during the annual Florida Classic American football ...

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Energy Awards Highlights Energy Efficiency
Energy Awards Highlights Energy Efficiency

Tuesday 14th December 2010

A TOTAL of 32 Indian industrial sectors have received a 2010 National Energy Conservation Award today, which is National Energy Conservation Day - providing Indian ministers a chance to highlight energy efficiency. The awards were given by the Indian Union Minister of Power Sushil Kumar Shinde for their achievements in the ...

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Businesses Missing out on Huge Energy Efficiency Savings
Businesses Missing out on Huge Energy Efficiency Savings

Tuesday 14th December 2010

UK BUSINESSES waste up to £1.6 billion ($2.53 billion) annually and undervalue the financial returns gained from investing in energy efficiency leading to reduced energy costs. A report released yesterday by Carbon Trust Advisory, the business arm of the UK government sponsored Carbon Trust, revealed the findings of their study of ...

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India must not Ignore Demand Side Management
India must not Ignore Demand Side Management

Monday 13th December 2010

DEMAND side management (DSM) must not be ignored in India according to Mr Saurabh Gupta, an Associate Fellow with The Energy and Resources Institute (TERI). Writing in Financial Express and on the TERI website Mr Gupta writes: The need for promoting energy efficiency is well-known. Insufficient capacity additions, increasing environmental concerns and ...

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Back from the Bolivian Brink at Cancun
Back from the Bolivian Brink at Cancun

Monday 13th December 2010

"THIS is an new era of international cooperation in climate change," so claimed Mexican Foreign Minister Patricia Espinosa after hours of climate change negotiations at the UN Climate Change Summit. It was 5.30am Saturday morning as Espinosa held a press conference, her tough stance had bit by bit dismissed the only ...

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Russia will not Renew Kyoto Protocol
Russia will not Renew Kyoto Protocol

Friday 10th December 2010

THE UN climate change conference in Cancún along with the future of the Kyoto protocol has been put in doubt after Russia revealed it would not renew its commitment to the decade long treaty. A late-night plenary session Alexander Berditsky, Russia's climate change envoy, stated his country was opposing any renewal ...

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Poor Energy Efficiency of Public Sector Buildings
Poor Energy Efficiency of Public Sector Buildings

Friday 10th December 2010

OVER 70 percent of Scotland’s public sector buildings have a poor energy efficiency rating according to a report by Audit Scotland. The report also revealed there had been little change in the energy used in the Scottish public sector between 2006/07 and 2008/09, yet the energy costs increased by over 20 ...

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Cancun Commitment from Regional and State Governments
Cancun Commitment from Regional and State Governments

Thursday 9th December 2010

THE UN climate change talks in Cancún face an uncertain outcome but an offshoot meeting of over 60 states and regional officials is reporting on real action amongst smaller governmental agencies. The Alliance of state and regional governments met last year at the equivalent UN conference in Copenhagen with its members ...

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Large Energy Consumers could get Paid to Save
Large Energy Consumers could get Paid to Save

Thursday 9th December 2010

LARGE energy consumers could get paid for the energy they save in a new scheme to drive energy efficiency, energy sharing and a reduction in greenhouse gas emissions. The UK Minister of State for Energy Charles Hendry revealed the plan for the new scheme that will reward big power consumers for ...

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$26 Trillion Cut in Energy Costs through Energy Efficiency
$26 Trillion Cut in Energy Costs through Energy Efficiency

Tuesday 7th December 2010

COP16, aims to cut $26 trillion energy costs by 2030, according to a new World Economic Forum report today, which was presented today at the Green Solutions Event at COP16, UN Climate Change Forum, in Cancun, Mexico.

 ‘The Energy Efficiency: Accelerating the Agenda’ report emphasises the urgency for energy efficiency to ...

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