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Breaking Article - Posted 126 hrs ago
$100M IFC Financing for Sri Lanka's Energy Efficiency & Renewable Projects
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Tuesday 7th October 2014
SOUTH African electricity consumers face a 12.69% rise in prices for next year, double the rate of inflation with economists believing it is just a taste of things to come NERSA (National Energy Regulator of South Africa) granted state utility Eskom the significant rise in electricity prices, which is bad news ...
Monday 6th October 2014
THE Guardian reports today that improvements in energy efficiency across the UK would produce a massive economic boost. The conclusions come via unpublished EU figures and through a study by independent consultants Cambridge Economics, which were obtained through an information request by the World Wide Fund for Nature (WWF). The Guardian in ...
Friday 3rd October 2014
THE sun could be the world’s largest source of electricity by 2050, ahead of fossil fuels, wind, hydro and nuclear, according to a pair of reports issued today by the International Energy Agency (IEA). The two IEA technology roadmaps show how solar photovoltaic (PV) systems could generate up to 16% ...
Thursday 2nd October 2014
THE European Bank for Reconstruction and Development (EBRD) is lending $3 million to Muganbank to finance energy efficiency projects in Azerbaijan. The money is provided for on-lending to qualifying corporate and individual customers, and will be used for energy efficiency and renewable energy projects, and it will allow Muganbank to ...
Wednesday 1st October 2014
THE International Finance Corp. (IFC), is going to help finance sustainable energy projects and reduce greenhouse gas emissions in the Philippines. IFC, a member of the World Bank Group, and its partner banks have provided 19 billion Philippine pesos (about $463 million) worth of financing to more than 130 sustainable-energy projects, ...
Tuesday 30th September 2014
Representatives of the European Union (EU), Spain and the Inter-American Development Bank (IDB) signed a joint declaration regarding collaboration on renewable energy and energy efficiency in the Caribbean. Renewable energy and energy efficiency can help the Caribbean accelerate its development, mitigate the impacts of climate change and achieve greater energy ...
Monday 29th September 2014
SERBIA is aiming to improve their energy efficiency to cut emissions, energy waste and reduce costs in public buildings, with private and public sectors looking to help. With energy efficiency in mind a conference was held last week entitled “The ESCO Opportunity: Improving Energy Efficiency in Public Facilities,” in Belgrade. The ...
Friday 26th September 2014
THE National Health Service (NHS) is one of the UK’s most energy intensive organisations, spending more than £750m on energy annually, hence energy saving efforts are needed to reduce costs and emissions. The UK’s Green Investment Bank (GIB) and De Lage Landen (DLL) are set to work with NHS Trusts, announcing ...
Thursday 25th September 2014
MAYORS from cities around the world announced at the UN Climate Conference that they will scale up climate resilience efforts, energy efficiency programs and resilient financing mechanisms . They also committed to target a reduction in their greenhouse gas emissions by 454 megatons by 2020. According to a statement, these and ...
Wednesday 24th September 2014
LAZARD a U.S. investment bank, has released analysis revealing that solar and wind energy are on-track to compete with fossil-fuel and nuclear power in the U.S., even without subsidies. Lazard released their “Levelized Cost of Energy Analysis – Version 8.0”, an in-depth study comparing the cost of generating energy from conventional ...
Tuesday 23rd September 2014
THE US Department of Agriculture (USDA) Invests $68 Million in 540 energy efficiency and renewable energy projects nationwide. US Agriculture Secretary Tom Vilsack said of the funding arrangement: "These loan guarantees and grants will have far-reaching impacts nationwide, particularly in the rural communities where these projects are located. "Investing in renewable ...
Monday 22nd September 2014
NEW YORK’S Mayor Bill de Blasio announced that the city is committing to reducing its greenhouse gas emissions by 80% over 2005 levels by 2050. Starting with the program: ‘One City, Built to Last: Transforming New York City’s Buildings for a Low-Carbon Future’, a sweeping plan to retrofit public and private ...
Friday 19th September 2014
U.S. President Obama revealed yesterday a series of public and private sector commitments and executive actions to promote energy efficiency and advance solar energy. Altogether the proposed actions will cut carbon pollution by nearly 300 million metric tons through 2030 – equivalent to taking more than 60 million cars off the ...
Thursday 18th September 2014
IFC, a member of the World Bank Group, is lending $96 million to Yapi Kredi Leasing, Turkey’s leading leasing company, to increase its leasing operations in energy efficiency and renewable energy projects. This long-term financing to Yapi Kredi Leasing will reduce greenhouse gases as it will be used to finance renewable ...
Wednesday 17th September 2014
FRANCE could have all its new publicly-subsidised buildings 'energy positive’ if Minister for Ecology and Energy, Ségolène Royale, gets her wish. According to EurActiv France Royale wants to include this initiative in the France’s energy transition bill (PLTE), which has already undergone repeated changes since it was first presented last June, ...
Tuesday 16th September 2014
PORTLAND Energy Conservation Incorporated (PECI) have concluded an energy-saving pilot with aimed to help local businesses build detailed awareness of energy use and then make substantial energy and financial savings. The pilot scheme was designed and implemented by PECI, a nonprofit corporation dedicated to creating the new energy economy, and supported ...
Monday 15th September 2014
ALBANIAN Energy Minister, Damian Gjiknuri stated today that the government has a concrete program to reduce electricity consumption. He made the remarks while attending a conference on energy policy in the Balkans, themed "Energy Efficiency Policies". He said: ”To encourage the use of energy efficiency. Saving means a more efficient ...
Friday 12th September 2014
THE UK’s Institute for Public Policy Research (IPPR) think tank has released a report stating energy efficiency has to be centre to EU strategy to improve security of energy supplies. In the shadow of the Ukrainian crisis, Europe could cut its gas dependency by a third – the proportion of the ...
Thursday 11th September 2014
A joint pilot project at School No. 25 in Astana, Kazakhstan, will result in benefits of energy efficiency improvements to public buildings in the country’s capital. The Government of the Republic of Kazakhstan, in collaboration with the United Nations Development Programme (UNDP) in Kazakhstan and the European Bank for Reconstruction and ...
Wednesday 10th September 2014
THE benefits of energy efficiency go well beyond the simple scaling back of energy demand, according to a new report from the International Energy Agency published yesterday. In a study that reframes the discussion about the so-called “hidden fuel”, the IEA shows how energy efficiency has the potential to support ...
Tuesday 9th September 2014
The UK is one of the most carbon-efficient economies in the world, according to new analysis by PwC (PricewaterhouseCoopers), coming second in an Index of G20 nations. The data, compiled by PwC in the sixth annual “2 Degrees of Separation: the PwC Low Carbon Economy Index 2014 – ambition & reality”, ...
Monday 8th September 2014
THE U.S. Energy Department recognized the University of Utah for its energy efficiency improvements and reducing energy use by 40% in a historic campus building, saving $57,000 annually. The University’s efforts are part of U.S. President Obama’s Better Buildings Challenge, including the upgrading the 42-year-old Dumke Health Professions Education Building and ...
Friday 5th September 2014
THE International Renewable Energy Agency (IRENA) and the World Tourism Organization (UNWTO), have joined forces to promote the use of renewable energy on islands. IRENA, the intergovernmental organization dedicated to supporting countries’ efforts to adopt renewable energy, and UNWTO, the United Nations specialized agency for tourism, released a Joint Statement on ...
Thursday 4th September 2014
INDIAN Minister for Petroleum and Natural gas, Shri Dharmendra Pradhan, has called for adopting energy efficiency techniques to ensure energy security according to orissadiary.com. Pradhan was speaking in New Delhi at a function to mark the release of energy star ratings for hospital buildings. He said that the adoption of energy ...
Wednesday 3rd September 2014
EBRD (European Bank for Reconstructions and Development) is investing approximately $75.7 million, including $21 million in donor funds, a $10 million loan and a $11 million grant for hydropower in Tajikistan. Hydropower is of crucial importance to Tajikistan’s economic well-being, the source of some 96% of its electricity but also bringing ...