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Breaking Article - Posted 156 hrs ago
$100M IFC Financing for Sri Lanka's Energy Efficiency & Renewable Projects
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Thursday 17th January 2013
DUE to energy efficiency rapidly improving worldwide, the rise in fuel use will be slower than prosperity, primarily due to improved energy efficiency in industrial developments in China. This is the conclusion from BP Plc’s latest Energy Outlook 2030, released yesterday. It reveals that strong growth in production from unconventional sources of ...
Wednesday 16th January 2013
MASSACHUSETTS State government officials announced yesterday an Accelerated Energy Program that will make energy efficiency upgrades across 700 state facilities. These facilities consist of 4,000 individual buildings all being subject to energy efficiency improvements, making it a huge task but with huge rewards for the state. The program estimates savings of ...
Tuesday 15th January 2013
Yesterday, during the Abu Dhabi Sustainability Week (ADSW), energy and finance leaders met to discuss ways to encourage greater private sector investment in clean energy projects. The discussion included renewable energy and low-carbon, climate friendly projects and how they can be a tactic to mitigate climate change and diversify the global ...
Monday 14th January 2013
THE Indian City of Bhopal's old governmental buildings maybe about to be revitalized along with upgrades to make them energy efficient. The UK's Department for International Development (DFID) has offered funding for the program, which the Madhya Pradesh Department of Urban Administration has accepted in principle, it just needs the State ...
Friday 11th January 2013
THE European Investment Bank (EIB) is supplying €150 million ($197.5 million) to fund sustainable projects in Poland. The funds will be piped through Polish Bank PKO BP and will include financing for energy saving projects. The support from EIB will enable PKO BP to provide longer term financing, which is not always ...
Thursday 10th January 2013
THE UK’s consumer and competition authority, the Office of Fair Trading (OFT), wants to raise compliance standards across the energy efficiency industry. An OFT review of the energy efficiency sector, discovered instances of poor practice and has written to 50 businesses in the industry telling them to ensure they treat ...
Wednesday 9th January 2013
ACCORDING to the European Investment Bank’s (EIB) website they are looking at providing an energy efficiency loan facility of €100 million ($131 million) for the Czech Republic. The loan will be to finance energy efficiency projects carried out by SMEs and mid-sized corporations, as well as projects of limited size undertaken ...
Tuesday 8th January 2013
LAST month the American Council for an Energy Efficient Economy (ACEEE) highlighted to a U.S. Senate Finance Committee the importance of well targeted energy efficiency incentives. The hearing was analyzing the appropriate uses of federal tax code in promoting investments in energy efficiency. Steven Nadel, executive director of the ACEEE testified ...
Monday 7th January 2013
ALASKA has discovered hard facts about the energy efficiency, or not, of public buildings across the state following an energy audit according to Alaska Journal of Commerce. The Journal reports 327 audits performed on public facilities by state organization Alaska Housing Finance Corp. (AHFC). The study concluded that there are 5,000 ...
Thursday 3rd January 2013
THE Southern Indian State of Andhra Pradesh is considering fixing energy saving targets for a range of departments including energy, administration, industries and agriculture. The Andhra Pradesh Government constituted a State Energy Conservation Mission in September last year to monitor energy efficiency actions, and through this mechanism they now look set ...
Wednesday 2nd January 2013
HONGKONG Electric, has fallen well short of its agreed energy saving target agreed with the government four years ago. The utility, which supplies Hong Kong and Lamma islands, did achieve energy savings of 1.7 million kilowatt-hours (kWh) between 2009 and 2011, but their set target was 3 million kWh annually. Meanwhile China ...
Monday 31st December 2012
NEW York State Governor Andrew Cuomo has set a target to improve energy efficiency across state buildings by 20 percent by 2020 by launching the Build Smart NY state program. The initiative looks to reach its goal through strategic, coordinated, cost-effective, and data-driven measures. Over the next seven years, Build Smart ...
Friday 28th December 2012
DECEMBER’S issue of The Green Economy themed ‘Cities and Buildings’ studies how retrofits, and certifications impact buildings’ energy efficiency and can transform the cities where they are based. Maryruth Priebe, Senior Editor for the magazine said, “New, certified green buildings may offer sex appeal and flashy style, but older buildings offer ...
Thursday 27th December 2012
THE Governor of the U.S. State of Kentucky announced yesterday that 13 organizations will receive energy efficiency project funding, including educations and agricultural projects amongst others. The grant funding is available under the 2011 settlement agreement between the U.S. Environmental Protection Agency (EPA) and the Tennessee Valley Authority (TVA), after findings ...
Monday 24th December 2012
THE European Bank for Reconstruction and Development (EBRD) is further aiding Turkey to improve its energy efficiency and create a low carbon economy through a finance package worth €50 million. The EBRD is providing the funding through the Finansbank for on-lending to private companies investing in industrial energy efficiency, renewable energy, ...
Friday 21st December 2012
THE Two Roads Brewing Company in Stratford, U.S.have received the Connecticut Energy Efficiency Fund’s Energy Efficiency Leadership Award for their efforts in improving energy efficiency and environmental awareness. Two Roads, a craft brewery, benefited from the Energy Efficiency Fund’s program, Energy Conscious Blueprint. Via this program Two Roads upgraded their energy ...
Thursday 20th December 2012
U.S. President Barack Obama this week signed a handful of energy efficiency provisions into law. The American Energy Manufacturing Technical Corrections Act is the legislative mechanism to drive energy efficiency actions within governmental agencies. The Act will promote energy efficiency across federal facilities, including installing advanced energy monitoring. The act will also ...
Wednesday 19th December 2012
THE Government of India’s most energy efficient building for 2012 is the Ambala divisional railway building in the northern state of Haryana. The Indian Union Ministry of Power honored the Senior Electrical Engineer R K Gupta for his efforts and success in greatly improving the energy efficiency in the building. The energy ...
Tuesday 18th December 2012
THE New Mexico Bank & Trust and the BluePath Finance LLC have teamed up offering finance for energy efficiency technology upgrades for businesses, non-profits and the public sector. BluePath specialize in providing funding for the installation of energy efficiency technology, with a lot of the saving made through the technology covering ...
Monday 17th December 2012
THE Mayor of London’s RE:FIT program is set to enter its second phase - with millions of pounds due to be spent upgrading around 400 public buildings in the UK’s capital. Law courts, libraries and schools will be amongst the facilities that will be retrofitted with energy efficiency technology, saving costs ...
Friday 14th December 2012
MANY Companies remain unprepared for the effects of dwindling natural resources, according to new research from the Carbon Trust. The study, amongst 475 senior executives in Brazil, China, Korea, UK and USA, shows that many are not prepared to look at the issue of resource shortages now and believe they will ...
Thursday 13th December 2012
THE Pacific Island of Guam’s Energy Office yesterday inspected the energy efficiency measures taken by the American Red Cross in their offices in the island capital Haganta. The walk-through looked at the installed energy efficiency technologies, which have already seen the building enjoying energy and the resultant cost savings over the ...
Wednesday 12th December 2012
CLIMATE change and energy efficiency maybe on the minds of world leaders at COP18 and in national parliaments but a new report shows it is business that is taking action. The new report from Calvert Investments, Ceres and the World Wildlife Fund (WWF) titled: “Power Forward: Why the World’s Largest Companies ...
Tuesday 11th December 2012
THE UK’s Royal Bank of Scotland (RBS) has launched a Carbon Reduction Fund so businesses can access low cost loans to improve energy efficiency. The £200 million ( $320 million) fund can offer lower cost finance as it is backed by the UK government’s Funding and Lending scheme’s low lending rates. ...
Monday 10th December 2012
TO produce substantial energy savings India’s Andhra Pradesh state government’s Energy Conservation Building Code (ECBC) for commercial buildings will become mandatory after January 2013. The code means that if a planned commercial building has a capacity of 100 kilowatts, energy saving strategies, measures and technology needs to be implemented, along ...