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Sustainable Energy Finance for Philippines

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Story Released 5:30am 01/10 Sustainable Energy Finance for Philippines

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Sustainable Energy Finance for Philippines
Sustainable Energy Finance for Philippines

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, ...

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EU, Spain, IDB help the Caribbean Develop Sustainable Energy
EU, Spain, IDB help the Caribbean Develop Sustainable Energy

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 ...

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Serbia Aiming to Improve Energy Efficiency in Public Facilities
Serbia Aiming to Improve Energy Efficiency in Public Facilities

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 ...

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Mayors Pledge Action on Climate Change
Mayors Pledge Action on Climate Change

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 ...

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Renewable Energy on Target to Take Over from Fossil Fuel
Renewable Energy on Target to Take Over from Fossil Fuel

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 ...

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USDA Invest $68M in Energy Efficiency and Renewables
USDA Invest $68M in Energy Efficiency and Renewables

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 ...

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U.S. Poposes New Energy Efficiency Rules
U.S. Poposes New Energy Efficiency Rules

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 ...

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Energy Efficiency Leasing Finance for Turkey
Energy Efficiency Leasing Finance for Turkey

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 ...

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Report Highlights Importance of EU Energy Efficiency
Report Highlights Importance of EU Energy Efficiency

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 ...

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Renewable Energy Promotion for Islands
Renewable Energy Promotion for Islands

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 ...

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EBRD Invests in Hydropower in Tajikistan
EBRD Invests in Hydropower in Tajikistan

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 ...

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UK Industry Turn to Energy Efficiency to Dent Rising Prices
UK Industry Turn to Energy Efficiency to Dent Rising Prices

Monday 1st September 2014

THE Financial Times reports that UK industry is becoming evermore concerned about the rising costs of energy, which is driving them towards energy management. It has become very much the focus at boardroom level according to a survey by Siemens, and is now regarded as business critical by most industry bosses. The ...

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Nigeria's Nasarawa State to get Energy Efficiency Aid
Nigeria's Nasarawa State to get Energy Efficiency Aid

Monday 18th August 2014

THE Global Environment Facility – United Nations Development Programme (GEF-UNDP) has revealed it will spend 21 million Nigerian Naira to improve sustainable energy projects and energy efficiency. Etiosa Uyigue, the National Coordinator of GEF-UNDP, revealed the program for Nasarawa State in an interview with the News Agency of Nigeria (NAN). He ...

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Help on ESOS for UK Organizations
Help on ESOS for UK Organizations

Friday 15th August 2014

THE Energy Savings Opportunity Scheme (ESOS) will affect thousands of organisations in the UK, those with 250+ employees, or an annual turnover and balance sheet of €50m and €43m respectively. ESOS is the UK Government's response to implementing Article 8 of the EU Energy Efficiency Directive, which mandates energy assessments for ...

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24 EU States Face Legal Proceedings Over Energy Saving Law
24 EU States Face Legal Proceedings Over Energy Saving Law

Thursday 14th August 2014

EUROPEAN UNION (EU) regulators have started legal proceedings against 24 of the blocs member states for failures in enforcing energy efficiency laws. The European Commission revealed the news yesterday, with energy efficiency taken on even more importance for the EU due to the conflict in Ukraine, as Russia are the EU’s ...

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First Tidal Generator for Wales
First Tidal Generator for Wales

Wednesday 13th August 2014

WALES’ first full-scale tidal energy generator has been unveiled at a launch ceremony at Pembroke Port by The First Minister of Wales Carwyn Jones. The DeltaStream device has been developed by Cardiff-based tidal stream technology company Tidal Energy Ltd and will be installed in Ramsey Sound, Pembrokeshire. It will be amongst ...

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£200M Boost for UK Renewable Projects
£200M Boost for UK Renewable Projects

Friday 8th August 2014

UK Renewable energy projects can compete for a budget of over £200 million annually, as part of reforms to the UK electricity market. The funding is for the first allocation round for the new Contracts for Difference, which provide long-term certainty and reduce risk for investors. The government’s reforms to the ...

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French Cabinet Approves Energy Bill
French Cabinet Approves Energy Bill

Tuesday 5th August 2014

THE French Government has approved the country’s long anticipated Energy Bill, with expectations the bill could produce €10 billion of clean energy and technology investment. The bill was approved by the French Cabinet last week and will now go before the full parliament this autumn. Strikingly the bill proposes an increase in ...

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EU Commission Agrees 30% Energy Savings Goal
EU Commission Agrees 30% Energy Savings Goal

Thursday 24th July 2014

THE EU looks set to accept a 30% energy saving target by 2030, with the European Commission proposing the goal in a communication yesterday. The proposal claims new opportunities for European businesses, affordable energy bills for consumers, increased energy security through a significant reduction of natural gas imports and a positive ...

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Is the EU About to Get a 30% Energy Efficiency Target
Is the EU About to Get a 30% Energy Efficiency Target

Wednesday 23rd July 2014

Jean Claude Juncker, the President elect of the EU Commission, is backing a 30% energy efficiency target for 2030 for the bloc. During a speech last week to the European Parliament Juncker nailed his colours to the current president Manual Barroso’s proposal of 27-29%, stating: “A binding 30% energy efficiency target ...

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Global Energy Efficiency Rankings
Global Energy Efficiency Rankings

Tuesday 22nd July 2014

GERMANY comes in first in a new energy efficiency ranking of the world’s major economies, followed by Italy, the European Union as a whole, China, and France. According to the 2014 International Energy Efficiency Scorecard published today by the nonprofit American Council for an Energy-Efficient Economy (ACEEE). New to the rankings ...

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10M for UK Business and Industry to Improve Energy Efficiency
10M for UK Business and Industry to Improve Energy Efficiency

Friday 18th July 2014

UK business, industry and other organisations will get help to cut their energy costs with £10 million available this year to improve efficiency and reduce energy demand, and more to follow. The announcement was made yesterday by UK Energy and Climate Change Secretary Ed Davey at the CBI’s Energy Conference. He ...

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Armenia gets $10M for Energy Efficiency Projects
Armenia gets $10M for Energy Efficiency Projects

Thursday 17th July 2014

THE European Bank for Reconstruction and Development (EBRD) and HSBC Bank Armenia CJSC for a $10 million loan to be directed to the industrial and renewable energy sectors. The funds will allow HSBC Armenia to support its borrowing clients in their energy efficiency and renewable energy investments. These funds will be ...

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'Limited Progress' In UK Commercial Energy Efficiency
'Limited Progress' In UK Commercial Energy Efficiency

Wednesday 16th July 2014

A NEW report by a UK government watchdog warns that “limited progress” has been made in persuading UK businesses to improve energy efficiency, The report from the Committee on Climate Change states that progress has been limited, notably in energy efficiency improvement in the commercial and industrial sectors and in the ...

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Energy Policy Review for Luxembourg
Energy Policy Review for Luxembourg

Tuesday 15th July 2014

Since 2008, Luxembourg’s energy policies through to 202 has focused on mitigating CO2 emissions in and on supporting renewable energies and energy efficiency. The country’s greenhouse gas emissions have stabilised as energy-intensive industries have scaled back their activities and the government put strong energy efficiency policies in place, notably for ...

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