Return to Today's Publications

 

Newsletter:
Date Range (YYYY-MM-DD) -
Company, Industry or Technology:
  Search Tips


IDB Supports El Salvador Energy Efficiency Effort (Int'l Funding)
Inter-American Development Bank
Date: 2018-07-30
In San Salvador, the El Salvadoran government reports it will expand the availability of financing for energy efficiency projects to Small and Medium Enterprises (SMEs) with a $20 million loan from the Inter-American Development Bank (IDB). Funds for the loan come from the Green Climate Fund (GCF) and will be executed by Banco de Desarrollo de El Salvador (BANDESAL).

The program, which is reportedly the first line of credit exclusively dedicated to promoting energy efficiency investments, could support 494 SMEs. El Salvador is promoting energy efficiency and supporting renewable energy as a way of implementing a low-carbon economy, reducing the country's dependence on oil derivatives and lowering its greenhouse gas emissions. The IDB financing is for a 20-year term, with a 5.5-year grace period and a 0.75 fixed interest rate. (Source: IDB, PR, 26 July, 2018) Contact: IDB, Juan Pablo Bonilla, Climate Change and Sustainability Sector Manager, Therese Turner-Jones, GM Caribbean Country Department, www.iadb.org

More Low-Carbon Energy News Inter-American Development Bank ,  Energy Efficiency,  


Increased Climate Finance Aids Caribbean Countries (Int'l)
IDB
Date: 2018-06-27
According to the Washington-based Inter-American Development Bank (IDB), a financing increase of more than 20 pct to a seven-year high of $35.2 billion from the previous year by the world's six largest multilateral development banks (MDBs) has boosted projects that help the Caribbean and other developing countries cut emissions and address climate risks.

The MDBs' latest joint report on climate financing said $27.9 billion -- 79 pct of the 2017 total -- was devoted to climate mitigation projects that aim to reduce harmful emissions and slow down global warming. The remaining 21 pct or $7.4 billion of financing for emerging and developing nations was invested in climate adaptation projects. In 2016, total MDB climate financing totaled US$27.4 billion.

The MDBs, which include the African Development Bank , the Asian Development Bank, the European Bank for Reconstruction and Development, the European Investment Bank , the Inter-American Development Bank Group (IDB and IDB Invest) and the World Bank Group (World Bank, IFC and MIGA), account for the vast majority of multilateral development finance. (Source: IDB, Caribbean Life, 23 June, 2018) Contact: IDB, Juan Pablo Bonilla, Climate Change and Sustainability Sector Manager, Therese Turner-Jones, GM Caribbean Country Department, www.iadb.org

More Low-Carbon Energy News IDB,  Climate Change,  Climate Change Mitigation,  Climate Finance,  


IDB Announces Jamaican Energy Efficiency Funding (Int'l Funding)
Inter-American Development Bank
Date: 2017-11-15
In Kingston, Jamaica, the Inter-American Development Bank (IDB) and the government of Jamaica are reporting a $40 million loan agreement for energy efficiency upgrades in the island nation. finance an energy management and efficiency program (EMEP).

The financing includes $30 million for comprehensive energy efficiency retrofits in 30 government-owned buildings and the installation of LED lighting in another 50 facilities. The improvements are expected to save approximately $7 million per in energy costs. The financing will also support energy planning and management and contribute to the government's energy efficiency improvement and energy diversification program as well as a universal transport management system.

The $40 million loan is being co-financed by the IDB, the Japan International Cooperation Agency (JICA), and the European Union Caribbean Investment Facility (EU-CIF). (Source: IDB , Caribbean News Now, 13 Nov., 2017) Contact: IDB, Therese Turner-Jones, GM Caribbean Country Department, www.iadb.org

More Low-Carbon Energy News Inter-American Development Bank,  


Bahamas Faces $900m Climate Change Mitigation Bill (Int'l)
UNFCCC,IDB
Date: 2017-11-03
In Nassau, the Bahamian Government is estimating that due to its "accelerated vulnerability" to natural disasters it would require $900 million to mitigate climate change under the UN Framework Convention on Climate Change (UNFCCC). The government's estimate is based upon the Inter-American Development Bank's (IDB) Climate-Resilient Coastal Management and Infrastructure Report on a $35 million project designed to develop a system for managing, and building resilience to, threats to the Bahamas coastline which is crucial to tourism and the overall economy. The Government of the Bahamas estimated the cost of implementing mitigation actions related to the Nationally Determined Contribution (NDC) to the UNFCCC to be over $900 million through 2030. (Source: IDB, Tribune 242, 31 Oct., 2017)Contact: UNFCCC, www.unfccc.int; Inter-American Development Bank, www.iadb.org

More Low-Carbon Energy News Climate Change,  UNFCCC,  IDB,  


Barbados Advances Renewables, Energy Efficiency Plan (Int'l Report)
Gov. of Barbados
Date: 2017-07-28
Further to our June 30th coverage, in Bridgetown, the Caribbean island nation of Barbados government reports it aims to save as much as $3 million per year in electric power costs with the implementation of a $24.6-million Public Sector Smart Energy Programme (PSPP).

The program, which is being funded by the Inter-American Development Bank (IDB) and the European Union (EU), includes upgrading approximately 30,000 street lights nationwide to energy efficient LEDs, greater energy efficiency measures and an increased reliance on renewable energy sources for the island's power needs.

The government aims to reduce the Bds$800 million ($400 million US) fuel import bill , 50 pct of which is used for power generation. It also aims to promote the generation of electricity from renewable energy sources and to allow independent power producers to supply electricity in addition to the Barbados Light and Power Company (BL&P). (Source: Gov. of Barbados, IPS, 27 July, 2017) Contact: Barbados Light & Power, Roger Blackman, www.blpc.com.bb

More Low-Carbon Energy News Energy Efficiency,  LED Street Light,  Barbados,  


Barbados Plans 100 pct Renewable Energy by 2030 (Ind. Report)
Barbados
Date: 2017-06-30
In the capital city of Bridgetown, the Managing Director of Barbados Light and Power (BL&P) LTD, Roger Blackman, reports that the Government of Barbados is working with stakeholders and investors to meet the island country's electric power needs with 100 pct renewable energy by 2013. Blackman noted that BL&P planned to work with all stakeholders, including Government and investors such as the Inter-American Development Bank (IDB) and the European Commission, to find the right energy solutions for the island nation of 285,000. (Source: Barbados Light & Power, Barbados Advocate, 26 June, 2017) Contact: Barbados Light & Power, Roger Blackman, www.blpc.com.bb

More Low-Carbon Energy News Renewable Energy,  

Showing 1 to 6 of 6.