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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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Financial Boost for Energy Efficiency in Kazakhstan
Financial Boost for Energy Efficiency in Kazakhstan

Thursday 19th June 2014

THE Government of the Republic of Kazakhstan and the World Bank yesterday signed a US$ 21.7 million Grant Agreement for the Kazakhstan Energy Efficiency Project. The Agreement provides for the implementation of the four-year project to assist the Republic of Kazakhstan in creating a favorable policy environment to help build the ...

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High EU Energy Efficiency Target Offers High Rewards
High EU Energy Efficiency Target Offers High Rewards

Wednesday 18th June 2014

A 40% energy efficiency target for 2030 would grow Europe’s economy by 4% a year, deliver an annual 3.15% employment boost and cut fossil fuel imports by €505 billion annually. This is reported by EurActiv and is based on claims by sources with access to a report prepared for the EU’s ...

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Turkey to Offer Energy Efficiency Incentives
Turkey to Offer Energy Efficiency Incentives

Tuesday 17th June 2014

TURKEY’S government is to offer incentives for energy saving efforts as it looks to save 15 billion lira by reducing energy consumption annually according to Energy Minister Taner Yıldız. Yildiz revealed the plan at a meeting on energy efficiency, commenting that improving it would earn the country’s economy about 65 billion ...

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Support for Sustainable Energy in Slovak Republic
Support for Sustainable Energy in Slovak Republic

Monday 16th June 2014

THE EBRD is deepening its support for sustainable energy investments in the Slovak Republic with a €20m loan to Slovenska Sporitelna, a.s. (SLSP), one of the country’s leading banks. The funds is to be targeted at private companies for renewable energy projects and energy efficiency in industry and buildings. The loan ...

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School Hopes to Save Big Through Energy Saving
School Hopes to Save Big Through Energy Saving

Friday 13th June 2014

AN English boarding and day school aims to save £330,000 through a new ‘Mission for Energy Efficiency’, reports Energy Live News. Milton Abbey School, in Dorset, has up to 300 pupils and targets the savings through the installation of energy saving and renewable technology, including a biomass boiler, water harvesting technology, ...

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District Health Authority Saves Big with Energy Efficiency
District Health Authority Saves Big with Energy Efficiency

Thursday 12th June 2014

THE Cape Breton District Health Authority in Nova Scotia will save an estimated $245,000 a year in energy costs after completing several energy efficiency projects. As part of a partnership with Efficiency Nova Scotia, an independent non-profit organization, trained energy efficiency professionals worked on-site with the District Health Authority to identify ...

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Effort to Cut Energy Costs for US Farms
Effort to Cut Energy Costs for US Farms

Wednesday 11th June 2014

Agriculture Secretary Tom Vilsack announced that the U.S. Department of Agriculture (USDA) is seeking applications from rural small businesses and agricultural producers for funding to make energy efficiency improvements or to install renewable energy systems. The funding announced is being provided through USDA’s Rural Energy for America Program (REAP). Investments from ...

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NSW Government Improve Energy Savings Scheme
NSW Government Improve Energy Savings Scheme

Tuesday 10th June 2014

THE New South Wales (NSW) Government have announced improvements to its Energy Savings Scheme (ESS), that encourages reductions in electricity consumption and costs of installing energy saving technology. Suppliers of equipment can provide discounts to customers on energy efficient products and then claim credits. These credits can then be bought ...

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57M Euro for Romanian Wind Farm
57M Euro for Romanian Wind Farm

Monday 9th June 2014

THE European Bank for Reconstruction and Development (EBRD) is boosting Romania’s renewable energy market with a €57 million loan for the development of the Topolog-Dorobanțu wind farm in the south east of the country. The EBRD financing is structured under the Bank’s A/B loan scheme, with €38 million on the EBRD’s ...

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$48 Trillion Investment to Meet Energy Needs
$48 Trillion Investment to Meet Energy Needs

Friday 6th June 2014

THE International Energy Agency (IEA) has calculated that to meet the world’s growing need for energy will require more than $48 trillion in investment over the period to 2035. This gigantic amount is the conclusion of a special report on investment released this week by the IEA as part of the ...

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Romania Set Energy Efficiency Law
Romania Set Energy Efficiency Law

Thursday 5th June 2014

THE Romanian Parliament is to adopt an energy efficiency ruling inline with the European Union Energy Efficiency Directive, enforcing businesses to apply energy efficiency strategies. Iulian Iancu, president of the Romanian Industry and Services Commission in the countries Chamber of Deputies, stated there is a need for a law on energy ...

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ACEEE Comment on EPA Proposal
ACEEE Comment on EPA Proposal

Wednesday 4th June 2014

THE American Council for an Energy-Efficient Economy (ACEEE) has made a statement in response to the U.S. Environmental Protection Agency’s (EPA) proposal to reduce carbon pollution from existing power plants. Steven Nadel, ACEEE executive director, stated: “Energy efficiency is the cheapest, cleanest, and most readily available energy resource to help states ...

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EBRD and IEA Combine to Improve Energy Efficiency
EBRD and IEA Combine to Improve Energy Efficiency

Tuesday 3rd June 2014

ENERGY efficiency is not only the quickest and lowest-cost way to address security and environmental issues; it is also one of the best ways to meet surging energy demand. With energy consumption growing over 5% a year in many Arab countries including the southern and eastern Mediterranean (SEMED) region, the International ...

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Climate Change Indicators in the United States
Climate Change Indicators in the United States

Monday 2nd June 2014

THE U.S. Environmental Protection Agency (EPA) released the third edition of a report, ‘Climate Change Indicators in the United States’ pulling together observed data on key measures of the environment. The data includes U.S. and global temperature and precipitation, ocean heat and ocean acidity, sea level, length of growing season, and ...

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Industry Needs to Act on Inefficient Energy Management
Industry Needs to Act on Inefficient Energy Management

Friday 30th May 2014

INEFFICIENT energy management policies and management systems are leaving companies and public-sector organisations “wide open” to major financial risk, claim international certification body BM TRADA. Spiralling energy costs, growing concern over energy security and increasing regulatory pressure to reduce carbon emissions are making the need for greater energy efficiency a “necessity, ...

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Euro Commission Call for New Energy Security Strategy
Euro Commission Call for New Energy Security Strategy

Thursday 29th May 2014

THE European Commission has reacted to the crisis in Ukraine and the EU´s energy import dependence by advocating a new European Energy Security Strategy, as we recently predicted. Diversifying external energy supplies, upgrading energy infrastructure, completing the EU internal energy market and saving energy are among its main points. The strategy ...

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EBRD Energy Efficiency Loan to Azerbaijan
EBRD Energy Efficiency Loan to Azerbaijan

Wednesday 28th May 2014

THE European Bank for Reconstruction and Development (EBRD) is to provide a loan in Azerbaijan to support the Caucasus Energy Efficiency Program (CEEP). The EBRD stated that the energy efficiency loan ($5 million) will finance sub-loans to eligible corporates and individuals for business and residential energy efficiencyiprojects. The project will allow Demirbank’ ...

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Better Buildings Initiative Saves $730 Million
Better Buildings Initiative Saves $730 Million

Tuesday 27th May 2014

THE U.S. Energy Department’s Better Buildings Neighborhood Program has helped more than 40 state and local governments upgrade more than 100,000 buildings saving over $730 million on utility bills. Supported by the Recovery Act, the Energy Department’s Better Buildings Neighborhood Program worked with 41 competitively selected state and local governments and ...

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Energy Efficiency Funding for Scotch Distilleries
Energy Efficiency Funding for Scotch Distilleries

Friday 23rd May 2014

DISTILLERIES in Scotland are to benefit from a £5 million fund to help them become more sustainable and environmentally friendly. The UK Green Investment Bank (GIB) is providing £5m of funding for a pipeline of energy efficiency projects at a number of Scottish distilleries. Half of this will come from GIB, ...

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Airport's Energy Efficiency Savings Take-Off
Airport's Energy Efficiency Savings Take-Off

Thursday 22nd May 2014

IRELAND’S Cork Airport’s energy efficiency program took off in 2009, and they can now report a total energy consumption saving of 35%, delivering €575,000 in annual savings. The airport’s efforts see them ranked in the top 2% of best performers of 190 Irish public organizations by the Sustainable Energy Authority of ...

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Call for India's New Government to Adopt Energy Efficiency Policies
Call for India's New Government to Adopt Energy Efficiency Policies

Wednesday 21st May 2014

INDIA has a new Government, leading The Energy Resources Institute (TERI) to make energy efficiency recommendations, amongst others, for the new administration to consider. TERI state in their proposals that nergy efficiency measures can be implemented on the energy supply as well as demand side across the energy intensive end-use consuming ...

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IEA - Action Needed on Energy Efficiency
IEA - Action Needed on Energy Efficiency

Tuesday 20th May 2014

THE International Energy Agency (IEA) yesterday released two guides aimed at helping countries around the world develop ambitious energy efficiency policies. The two guides is designed to show policy makers, analysts and statisticians how to better track and use data on the so-called hidden fuel. Measuring energy efficiency is not always easy: ...

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Electricity Could Replace Oil as the Fuel of the Century
Electricity Could Replace Oil as the Fuel of the Century

Monday 19th May 2014

ELECTRICITY will increasingly power the world's economies in the 21st century, rivalling oil as the dominant energy carrier, according to a new report by the International Energy Agency. The report also states that actively managing this transformation is the only way to ensure global energy security and climate goals are economically ...

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EU Addresses Energy Security
EU Addresses Energy Security

Friday 16th May 2014

RUSSIA’S supplying much of the EU’s gas the crisis in Ukraine has rocketed energy efficiency to top priority for the blocs Energy Minsters informal meeting according to EurActiv. Energy security has become vital with the widening gap between Russia and Europe and EurActiv reveal that a paper they have seen states: ...

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US Could Soon Use Nearly 100% Renewable Energy
US Could Soon Use Nearly 100% Renewable Energy

Wednesday 14th May 2014

THE U.S. can quickly transition to nearly 100% renewable energy, phasing out coal and nuclear power, according to a major new report from Greenpeace and the Global Wind Energy Council. The report, “Energy [R]evolution - A Sustainable USA Energy Outlook”, provides a blueprint for transforming the country’s electricity, transportation, and ...

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