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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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UK On Shaky Track to Energy Targets
UK On Shaky Track to Energy Targets

Friday 11th October 2013

THE UK Government claims the country is on track to reduce emissions by 34% by 2020 due to Government reforms towards a low-carbon economy, despite disputes over energy policy. UK Secretary of State, Edward Davey, yesterday revealed the Government’s assessment of progress made in reducing emissions across each sector of the ...

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EU States Need to Keep Up Energy Efficiency Efforts
EU States Need to Keep Up Energy Efficiency Efforts

Thursday 10th October 2013

EUROPEAN Union States have had mixed progress in achieving three climate and energy targets for 2020 according to a new report. These findings come from new European Environment Agency (EEA) assessments, and are published in their report 'Trends and projections in Europe 2013'. The report examines EU progress in meeting energy efficiency ...

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Property Firm Sponda Hit Energy Saving Targets
Property Firm Sponda Hit Energy Saving Targets

Wednesday 9th October 2013

FINNISH property investment company Sponda Plc achieved reduction in energy consumption throughout its properties The energy consumption of the properties included in Sponda's Energy Efficiency Program has decreased in line with previously set targets. Sponda also expects its future targets for reducing the ecological footprint of its business premises to ...

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U.S. ESCO Market to Reach $8.3 Billion
U.S. ESCO Market to Reach $8.3 Billion

Tuesday 8th October 2013

ACCORDING to a new report, Navigant Research concludes that growth in the U.S. ESCO market will see annual revenue grow from $4.9 billion in 2013 to almost $8.3 billion in 2020. Eric Bloom, Senior Research Analyst with Navigant Research stated:  “Difficulties imposed on key customer segments, such as municipalities, by weak economic ...

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LED Retrofit for Dubai Municipality
LED Retrofit for Dubai Municipality

Monday 7th October 2013

MORE than 260 of Dubai’s municipal buildings will be retrofitted with energy-efficient LED lighting, saving at least 50% on the municipality’s lighting energy bill. The Khaleej Times reports that officials predict a 10.5GWh saving per year, delivering a reduction of 6,200 tonnes of CO2 emissions annually. The retrofits will take over three ...

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Smart Lights for Crossmolina, Ireland
Smart Lights for Crossmolina, Ireland

Friday 4th October 2013

IRISH Energy Minister, Pat Rabbitte, switched on smart street lighting in the town of Crossmolina in County Mayo yesterday. Crossmolina was picked as a pilot town to test a new public lighting initiative, in a first-of-its-kind venture for Ireland. The target is for long term savings for the town and Mayo ...

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IEA Urge Improved Energy Efficiency for SE Asia
IEA Urge Improved Energy Efficiency for SE Asia

Thursday 3rd October 2013

THE International Energy Agency (IEA) yesterday called for Southeast Asian countries to take "serious action" to improve energy efficiency due to their fast growing energy consumption. The rapidly rising energy use in the region is leading to a sharp rise in the region’s dependence on oil imports and a reduction in ...

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Kosovo Receives Energy Efficiency Funding Boost
Kosovo Receives Energy Efficiency Funding Boost

Wednesday 2nd October 2013

THE European Bank for Reconstruction and Development (EBRD) is launching the Kosovo Sustainable Energy Projects Framework (KoSEP), with €12 million finance and €3 million from the EU Office in Kosovo. The framework has been designed to encourage small and medium-sized enterprises to invest in energy efficiency technology and the rational use ...

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Green Financing for Sri Lanka
Green Financing for Sri Lanka

Tuesday 1st October 2013

PAN Asia Bank has entered into an agreement with the Global Climate Partnership Fund (GCPF) to raise $20 million through a seven year unsecured loan in Sri Lanka, reports The Island. The funds raised will be utilized to finance energy efficiency and renewable energy projects which would support the post conflict ...

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Energy Efficient Buildings Standards for Scotland
Energy Efficient Buildings Standards for Scotland

Monday 30th September 2013

NEW buildings in Scotland are to be more energy efficient when changes to the building standards come into effect in 2015, the Scottish Minister for Planning, Derek Mackay announced last week. From October 2015, improvement to new buildings will reduce carbon dioxide emissions compared to the current levels. These measures will ...

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US Manufacturers Save $1 Billion Through Energy Efficiencies
US Manufacturers Save $1 Billion Through Energy Efficiencies

Friday 27th September 2013

THE U.S. Energy Department today recognized more than 120 manufacturers that are making smart investments to save on energy costs, cut greenhouse gas emissions and improve their bottom lines. The recognition supports the current administration’s efforts to double energy productivity by 2030 and help businesses save money and energy. Through the U.S.’s ...

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Bosnia Herzegovina Look to Improve Energy Efficiency in Public Buildings
Bosnia Herzegovina Look to Improve Energy Efficiency in Public Buildings

Thursday 26th September 2013

THE Bosnia Herzegovina Environmental Fund and the United Nations Development Program (UNDP) has signed an agreement to improve energy efficiency in the country’s public buildings. The two organizations are planning to implement an energy management and audit system in 400 buildings throughout the republic, including education institutions, hospitals, municipal administration buildings ...

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Bahrain and World Bank set Energy Efficiency Program
Bahrain and World Bank set Energy Efficiency Program

Wednesday 25th September 2013

THE Government of Bahrain and the World Bank signed an agreement for an Energy Efficiency Implementation Program yesterday. The Program aims to provide support to the Government to address the challenge of curbing energy demand in the country over the next three years, which has one of the highest energy ...

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Oil Company's LED Switch Over to save $6M in Two Years
Oil Company's LED Switch Over to save $6M in Two Years

Tuesday 24th September 2013

AN annual saving of $6 million through swapping out incandescent lighting with LED lighting over the next two years is forecast for Petroleum Development Oman (PDO). The Oman Daily Observer reports that around 300,000 incandescent bulbs and lamps will be replaced with LED alternatives. The LED's consume up to 70% less ...

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Singapore Cranks Up Energy Efficiency Improvement
Singapore Cranks Up Energy Efficiency Improvement

Monday 23rd September 2013

SINGAPORE’S Environment and Water Resources Minister Dr. Vivian Balakrishnan stated yesterday that energy efficiency has overtaken sustainable water supply as a critical concern for the republic. He said: “What has really happened globally is the substitution of one critical vulnerability - water - with another critical vulnerability - energy, simply because ...

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U.S. City Energy Efficiency Scorecard
U.S. City Energy Efficiency Scorecard

Friday 20th September 2013

THE American Council for an Energy-Efficient Economy (ACEEE) has released the 2013 City Energy Efficiency Scorecard, a report that ranks 34 of the most populous U.S. cities. The scores were based on policies to advance energy efficiency. The report includes recommendations and strategies for all cities to lower energy use. ACEEE ...

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National Energy Efficiency Advocacy Plan for Canada
National Energy Efficiency Advocacy Plan for Canada

Thursday 19th September 2013

THE Canadian Energy Efficiency Alliance (CEEA) has released its white paper to outline its priorities for future energy efficiency efforts in Canada. The paper, 'Priorities for Energy Efficiency Market Development', is CEEA’s National Advocacy Plan. It is designed to help advance energy efficiency by proposing tangible, implementable solutions to current ...

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WEC Report Reveals Energy Efficiency Improvements Need to Improve
WEC Report Reveals Energy Efficiency Improvements Need to Improve

Wednesday 18th September 2013

THE World Energy Council (WEC) reveal that more still needs to be done to unlock the potential of energy efficiency to deliver energy and carbon savings across the globe. This message comes from the findings of a report to be published next month by the WEC and ADEME, the French environment ...

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Euro 40M Energy Efficiency and Renewables Boost for India
Euro 40M Energy Efficiency and Renewables Boost for India

Tuesday 17th September 2013

THE European Investment Bank (EIB) has signed a €40 million long-term loan to SREI Infrastructure Finance Limited (SREI) of India, with the main purpose of financing investments that will help to mitigate climate change in India. The loan will be supported by the Italian Export Credit Agency SACE S.p.A. This ...

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Energy Efficiency Technology Boost in New York State
Energy Efficiency Technology Boost in New York State

Monday 16th September 2013

THE New York State Energy Research and Development Authority (NYSERDA) have announced that it is making $3.3 million available for energy efficiency projects in commercial and institutional buildings. The program has been developed to accelerate the adoption and utilization of commercially available energy-saving and load management technologies and strategies. This funding opportunity, ...

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UK Cities Focus on Energy Efficiency but More Needed
UK Cities Focus on Energy Efficiency but More Needed

Friday 13th September 2013

THE UK’s major city authorities all plan to improve the energy efficiency of their buildings and infrastructure, but a new study reveals a chasm of difference in climate change preparedness. A study by scientists from Newcastle University discovered that all the local authorities from the 28 that were studied and contacted ...

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Energy Savings for Scotland's Butchers
Energy Savings for Scotland's Butchers

Thursday 12th September 2013

A NEW guide to help Scotland’s butchers save energy and hence money is available from Quality Meat Scotland (QMS) and the Carbon Trust Scotland (CTS). QMS state in the guide, “The Scottish Butchers’ Guide to Saving Energy”, that the average Scottish butcher could see savings of £720 per year by taking ...

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Energy Efficiency Brings Added Bonuses
Energy Efficiency Brings Added Bonuses

Wednesday 11th September 2013

Energy efficiency reduces the use of fossil fuels and emissions of greenhouse gases, but it affects societies in many other ways which the IEA calls the multiple benefits of energy efficiency. IEA (International Energy Agency) analysis suggests that these extra gains appear in five key categories: economy-wide impacts such as job ...

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EIB Support for Energy Efficiency in Czech Republic
EIB Support for Energy Efficiency in Czech Republic

Tuesday 10th September 2013

THE European Investment Bank (EIB) has extended two intermediated loans combined with EU grant subsidies to support energy efficiency promoted by SMEs and Mid-Cap companies in the Czech Republic. Both loans are expected to benefit from the new SME Energy Efficiency Window with a view to supporting energy efficiency and renewable ...

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Survey Reveals Future Investment in Energy Efficiency to Grow
Survey Reveals Future Investment in Energy Efficiency to Grow

Monday 9th September 2013

THE new Schneider Electric Survey, reveals that 43% of energy leaders say their investment in energy efficiency next year is projected to be more than it was last year. While 22% said their projected investment would stay the same, only 10% reported their investment would be less than last year. The ...

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