Turkish banks recognised for financing industrial energy efficiency and renewable energy projects

Finchannel.com from Tblisi, Georgia describes the recognition that Turkish banks have received from the EBRD for promoting energy efficiency. The EBRD has been active in getting its member countries to take an active role in energy efficiency and it appears to be paying off. EBRD celebrates excellence in financing energy efficiency in Turkey The European … Continue reading Turkish banks recognised for financing industrial energy efficiency and renewable energy projects →

Municipality uses energy services company

The Republican-American newspaper in Connecticut in the United States gives us an important example of how using performance contracting has become a winning proposition. The article discusses many of the issues related to using such financing mechanisms. Improvements without bonds – Energy savings committed to pay for projects Cheshire Town leaders believe they have found … Continue reading Municipality uses energy services company →

The launch of the Green Investment Bank in the UK

The UK has set up the world’s first investment bank solely dedicated to greening the economy. The initiative is part of the Government’s commitment to setting the UK firmly on course towards a green and growing economy, while also delivering long-term sustainable growth. The Green Investment Bank (GIB) will be a key component of the progression … Continue reading The launch of the Green Investment Bank in the UK →

The on-going controversy over lower VAT rates in the UK to promote energy efficiency

Will Nichols of BusinessGreen writes about the problems the UK has been having to convince the European Commission of the importance of a lower VAT rate to improve energy efficiency in buildings. It becomes all the more important as the UK rolls out the Green Deal. One would think the Commission would be encouraging this … Continue reading The on-going controversy over lower VAT rates in the UK to promote energy efficiency →

Good example of improving industrial energy efficiency in Bulgaria

SeeNews in Bulgaria recently interviewed Spiros Nomikos of the Bulgarian subsidiary of Belgium's Solvay Group and Turkey's Sisecam Holding, explaining the ambitious plans they have for improving the environmental and energy performance of the company. Interview - Bulgaria's Solvay Sodi to raise spending on eco, energy efficiency projects to 23 mln euro in 2013 Bulgarian … Continue reading Good example of improving industrial energy efficiency in Bulgaria →

New research on the clean development mechanism

The secretariat of the United Nation’s Framework Convention on Climate Change (UNFCCC) recently published research showing that the Kyoto Protocol’s clean development mechanism (CDM) has spurred billions of dollars of investment in projects that curb greenhouse gases and contribute to sustainable development. The report, titled Benefits of the Clean Development Mechanism 2012, answers in the … Continue reading New research on the clean development mechanism →

EBRD funding for energy efficiency and renewables

Last week, EiD published a post on a loan from the European Bank for Reconstruction and Development (EBRD) to Russia to promote energy efficiency. It is useful to look at the extent of the EBRD’s activity in this area in recent years. Recently the EBRD announced that since 2006 they have invested €10 billion (over … Continue reading EBRD funding for energy efficiency and renewables →

A very targeted financial instrument – for one weekend a year

The fayobserver.com in Fayetteville, North Carolina in the United States reports that North Carolina holds a sales tax holiday on the purchases of certain energy-efficient appliances on the first full weekend of November every year. If the appliances were Energy Star-qualified, met energy-efficiency guidelines established by the U.S. Environmental Protection Agency and were purchased during … Continue reading A very targeted financial instrument – for one weekend a year →

First leasing loan under EBRD Russian energy efficiency programme

Recognising the role played by the leasing sector in funding the acquisition of energy efficient equipment, the EBRD has provided a 400 million rouble loan (€9.94 million) to promote energy savings by the small and medium sized business clients of a Russian leasing company. The four-year loan to Russia’s BOT Lease (Eurasia) LLC, an affiliate … Continue reading First leasing loan under EBRD Russian energy efficiency programme →

New report from Siemens Financial Services

Jonny Williamson from Manufacturing Digital writes about a new report on the potential for energy savings in industry. Are you squandering money on inefficient energy use? The latest report from Siemens Financial Services demonstrates the enormous potential energy cost savings of implementing variable speed drives on motors in industrial production environments The incorporation of … Continue reading New report from Siemens Financial Services →