World Bank, IMF All Have Money For Energy Efficiency

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 World Bank (WB) is providing a line of credit worth $55 million for investment funding in energy-efficiency. The WB provides the funding on very favourable terms for those who wish to dip into this resource to invest in energy saving.

Meanwhile, the International Monetary Fund (IMF) has issued a radical proposal to pump $100 billion of its international currency into the world economy, helping fund an overhaul of energy efficiency throughout the developed and developing world.

The IMF seems to be playing a bigger game than just supporting energy-efficiency measures but is using this avenue to promote the financial recovery, which is to the benefit of the energy saving industry.

Whatever and wherever these incentives come from, investment funds, tax incentives or other encouragements, it is good news for the energy efficiency business for now and into the future.

All who work in the energy saving industry need to keep up to date regarding these incentives as they can then point their clients in the right direction when they look to implement energy saving technologies.

Hence, it behoves members of the ESA to be aware of what is happening locally, and through this news resource we will highlight many of these incentives so members can take advantage of what is happening in their own areas. 

Monday 1st February 2010

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