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Breaking Article - Posted 64 hrs ago
$100M IFC Financing for Sri Lanka's Energy Efficiency & Renewable Projects
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Thursday 2nd June 2011
IT seems wrong to try and draw positives from Japan’s terrible disaster in March this year, but energy efficiency companies are winners according to one Asset Management CEO. Bloomberg report that Ian Simm, Impax Asset Management Group Plc Chief Executive Officer, stated that energy-efficiency companies are the “stand-out” winners after Japan’s ...
Thursday 2nd June 2011
BRITISH Bank Lloyds TSB Commercial claim that SMEs will miss out on a potential £5.7 billion of economic growth over the next three years if they fail to address sustainability. The bank, which questioned over 1,500 British businesses with a turnover of less than £15 million, discovered the majority of small ...
Wednesday 1st June 2011
SOUTH African Development Community (SADC) Ministers are increasing efforts to promote economic development through energy efficiency to combat power shortages. Africa accounts for only 6 percent of the world’s energy consumption and 3 percent of the electricity generated, despite making up 13 percent of the world population. With SADC representing most ...
Wednesday 1st June 2011
INDIA’S economy is growing between 8 to 9 percent annually, spurring its ambition to become an economic power but making it the world’s third heaviest carbon polluter as energy demand rises. India’s greenhouse gas emissions will continue to rise as they look to improve power supply across the whole country, ...
Monday 30th May 2011
THE first global analysis of energy consumption in electric motor- driven systems (EMDS) has been presented in a new report by the International Energy Agency (IEA). Electric motors are used in a wide range of industrial systems, but also in many types of applications (such as pumps and compressors) in the ...
Monday 30th May 2011
THE Filipino government is pursuing a number of policies to secure energy supply, including the enhancement of energy efficiency in the public and private sectors. Antonio Labios, the Filipino Department of Energy (DoE) Visayas Director, underscored the importance of this policy objective during the recent national training-workshop on energy efficiency and ...
Friday 27th May 2011
THE Punjab Government, India, have announced an energy efficiency policy for public premises that will see equipment and lighting switched off or dimmed. Approval has been given for the policy by senior ministers, leaving the Services & General Administration Department, the Industries department, Divisional Commissioners and District Coordination Officers to start ...
Friday 27th May 2011
AN ENERGY Efficiency Fund that could total €800 million has been seeded by €205 million committed by the European Commission, European Investment Bank (EIB) and Deutsche Bank. The money is going into the European Energy Efficiency Fund which provides financing either directly, or through financial institutions to energy efficiency projects, plus ...
Thursday 26th May 2011
SOUTH Africa could be facing rolling black outs as winter hits and temperatures plummet, but a call for further energy efficiency discipline may stave off such drastic action. "People should be disciplined, they should be energy conscious" commented Louis Pieterse, Johannesburg's City Power spokesman, after concern has been raised following the ...
Thursday 26th May 2011
THE U.S. Environmental Defense Fund (EDF) this week announced the findings of a major study analysing the impact of information-based energy efficiency programmes, which produced impressive results. The report identifies energy reductions that could generate billions in savings for Americans and reduce carbon (CO2) emissions by more than 8.9 million metric ...
Wednesday 25th May 2011
KOREA has come up with an unusual way for big companies, such as the Hyundai Motor company, and small businesses to cooperate on energy efficiency and lower emissions. The cooperation could be described as a financial and technological partnership system between big and small businesses with the aim of reducing greenhouse ...
Wednesday 25th May 2011
THE CUBAN central Camagüey province have ended the first quarter of 2011 with an impressive saving of energy and money through an energy saving project. The energy savings made across Camagüey also represent substantial environmental benefits, as a calculated reduction of 3,000 tonnes of CO2 emissions resulted from the efforts ...
Tuesday 24th May 2011
A NEW award for energy efficiency and extra funds were announced at the start of the first National Energy Efficiency Conference (NEEC) held in Singapore. Dr Vivian Balakrishnan, Minister for the Environment and Water Resources, announced that S$22.8 million (US$18.29 million) will be made available over the next two years via ...
Tuesday 24th May 2011
SWITZERLAND’S revised Energy Act came into force this year focussing on improved energy efficiency and increased use of renewable energy sources. The revision look particularly at energy efficiency measures for buildings, as buildings offer high energy-saving potential, using about 45 percent of Switzerland’s energy and producing about 50 percent of the ...
Monday 23rd May 2011
ENERGY efficiency industry expert claims the UK government goes "far beyond" expectations, warning investors can "no longer afford to ignore" carbon efficiency according to the Financial Times (FT). The FT reports that Ralph Pettengell, chief of executive of Carbon Footprint Investments, claims that the proposal of a 50 per cent cut ...
Monday 23rd May 2011
THE United Nations Human Settlements Programme (UN-HABITAT) and the United Nations Environment Programme (UNEP) have announced a joint project to promote energy efficiency in East African buildings. The programme was approved by the Global Environment Facility (GEF), providing $2,853,000 for energy efficiency projects. UN-HABITAT refer to figures showing that 40 percent ...
Friday 20th May 2011
THE European Bank for Reconstruction and Development (EBRD) are providing funding to stimulate energy efficiency in Hungarian municipalities. EBRD in cooperation with Erste Bank of Hungary have set up an agreement on the loan programme, which will be backed by EU grant funding, and was signed by the two banks yesterday. Under ...
Friday 20th May 2011
THE U.S. Senate has introduced a national energy efficiency legislation that will help the country move toward a national building code, finance energy efficiency upgrades and advance energy efficiency technologies. The bipartisan bill, “The Energy Savings and Industrial Competitiveness Act of 2011" is co-sponsored by Senators Jeanne Shaheen, Democrat, and Rob Portman, Republican. ...
Thursday 19th May 2011
THE CYPRIOT Minister of Commerce, Industry and Tourism, Antonis Paschalides highlighted yesterday how important renewable energy and energy efficiency is to the Mediterranean island state. According to the Minister, who was addressing the Conference on Renewable Energy Sources & Energy Efficiency in Nicosia, renewable energy is the only indigenous energy source ...
Thursday 19th May 2011
THE World Bank’s Board of Directors today approved a $200 million loan for Ukraine to finance energy efficiency projects in industry, municipalities and municipally owned enterprises and energy service companies. The "Project on Energy Efficiency in Ukraine" will contribute to helping the country achieve its ambitious targets to reduce energy intensity by ...
Wednesday 18th May 2011
THE UK yesterday issued its fourth Carbon Budget, proposing an audacious target of, eventually, an 80 percent cut in greenhouse gas emissions. A limit on the total amount of greenhouse gases to be emitted by the UK between 2023 to 2027 has been proposed to cut Britain’s emissions by 50 percent ...
Wednesday 18th May 2011
SERBIAN Deputy Prime Minister, Verica Kalanovic, said that Serbia has significant potential in energy efficiency and renewable energy sources. Kalanovic, speaking at the opening of an energy efficiency and renewable conference in Kragujevac, commended the many Serbian municipalities who had completed energy efficiency and renewable energy projects. She also warned ...
Tuesday 17th May 2011
THE British Council for Offices (BCO) have stated that businesses who want to improve their green credentials need to monitor their energy usage. According to the BCO, the first step for companies and organisations who wish to improve their energy efficiency is to be able to calculate and see the ...
Tuesday 17th May 2011
THE International Energy Agency (IEA) said yesterday, CO2 emissions from buildings could be reduced by 25 percent through implementing existing energy saving technology. The new report from the International Energy Agency released yesterday shows how heating and cooling technologies that are energy-efficient and that emit little or no carbon dioxide can ...
Monday 16th May 2011
MANY provinces in China are already suffering from inconsistent power supply, with the China Daily claiming that this shows the urgent need for improved energy efficiency in public buildings. The power system failings, even before the peak season, is a concern for China, who need their public buildings to meet the ...