European bank in invest US$20.8 billion in renewables, efficiency »
Posted By roxblog 5 months, 2 weeks ago in Science & TechnologyThe European Bank for Reconstruction and Development (EBRD) plans to leverage investments up to 15 billion euros (US$20.8 billion) in energy efficiency and renewable energy projects over the next three years. The first stage of EBRD’ s Sustainable Energy Initiative was launched in May 2006 in response to the rising challenge of climate change . Since then it has sharply increased investments in energy efficiency and renewables to a total of about 3 billion euros (US$4 billion). (HydroWorld 10/12/07) EBRD said its own investments in sustainable energy projects of between 3 billion and 5 billion euros (US$4 billion and US$7 billion) through 2011 are expected to attract further co-financing of up to 10 billion euros (US$13.9 billion). The bank’ s strategy to help mitigate the effects of climate change is to attack widespread waste of energy with energy efficiency projects and to foster investments in sustainable renewable energy sources. Previous EBRD investments in renewable energy have included a major syndicated loan to a hydropower complex in Russia and renewable energy investments in Armenia and Bulgaria. Source: hydroworld.com
Read Full Story at roxblog-trends.blogspot.com »
123 Views Share Story 0 Comments Report
Who Also Submitted:
Other Related Articles:
More News
Engadget
Black Friday ads leaking all over town, we've rounded them up
Motorola Droid torn down despite desperate cries of 'no disassemble'
Psystar founders claim they cracked OS X, hackintosh scene is 'all wrong'
HP to acquire 3Com in $2.7 billion deal
BoEye MID700 unveiled with Android OS, vaguely familiar form factor
Science Daily
Wireless Phones Can Affect The Brain, Swedish Study Suggests
Long-term Statin Use Associated With Decreased Risk Of Gallstones Requiring Surgery
New Antenna May Reveal More Clues About Lightning
Persistent Pain Common For Many Women 2 To 3 Years After Breast Cancer Treatment
Community Education And Evacuation Planning Saved Lives In Sept. 29 Samoan Tsunami
Add a Comment
Sign In With Your Propeller Account
Please keep your comments relevant to this story.
To create a live link, simply type the URL (including http://) or email address and we will make it a live link for you. You can put up to 3 URLs in your comments. Line breaks and paragraphs are automatically converted — no need to use <p> or <br /> tags.