Clean Energy Policy News
7 October 2016
South Korea’s KTC Co. signed a deal worth $820 million with Iran’s Investment and Economic Development Committee to build a solar plant and a wind farm in Iran. KTC is to establish the solar plant in the southern city of Fasa and the wind farm in the southeastern city of Zabol. Based on the first agreement between KTC and Iran’s Green Energy Company, the Korean company will finance $220 million to build a 100-megawatt (MW) wind farm in Zabol. Also, $600 million will be allocated to a 200-MW solar plant in Fasa according to the second agreement signed between Shiraz’s Azad University and KTC. Learn more.
7 October 2016
Australian CEFC and Commonwealth Bank Launch $100 Million Energy Efficient Equipment Finance Program »
The Australian Clean Energy Finance Corporation (CEFC) and Commonwealth Bank have launched a $100 million Energy Efficient Equipment Finance program to provide Australian businesses and not-for-profits with lower-cost finance for energy efficiency assets. The program will support business investment in energy efficient and lower emissions vehicles, equipment, machinery and fixtures that meet the CEFC’s investment guidelines. Approved borrowers will gain a 0.7% discount on the bank’s standard asset finance rate on amounts between $10,000 and $5 million, where technologies meet the CEFC’s investment guidelines. Eligible investments include fuel-efficient vehicles, energy efficient lighting and fittings, farm machinery, commercial lighting and rooftop solar panels. Learn more.
6 October 2016
Join the Clean Energy Solutions Center in Miami, Florida, for the Caribbean Renewable Energy Forum, 17 October to 19 October. The Solutions Center will host a breakfast forum from 7:30 to 9 a.m. on 19 October in the Sandringham room. The Breakfast Forum will focus on clean energy policy, finance and implementation and feature lively discussion with Caribbean leaders and Solutions Center experts. Panelists will offer practical strategies with a special focus on unlocking finance and human capital resources in the region. Learn more.
4 October 2016
Organizations that have an ISO 50001-certified energy management system may compete for prestigious awards from the Clean Energy Ministerial (CEM). Announced today, the 2017 CEM Energy Management Leadership Awards will raise global awareness of the benefits of energy management and accelerate uptake of these systems to support corporate, national and global climate goals. Learn more.
4 October 2016
The Clean Energy Ministerial has released a new report summarizing key outcomes from the four public–private roundtables held as part of the seventh Clean Energy Ministerial (CEM7) in San Francisco, California, United States, in June 2016. Public–Private Roundtables at the Seventh Clean Energy Ministerial captures the key messages and recommendations of the government, private-sector and other global leaders who participated in the discussions. Learn more.
4 October 2016
The U.S. Agency for International and four local private commercial banks agreed to partner for clean energy projects in Pakistan. In a statement released by U.S Embassy in Pakistan, approximately $88 million in financing will become available through this agreement to support the development of the clean energy sector in Pakistan. Partner banks will be able to extend debt financing to smaller scale clean energy projects, developers, and companies or to households and businesses purchasing clean energy equipment. This 15-year partnership will provide up to a 50 per cent guarantee for loans made for clean energy projects. Learn more.
4 October 2016
The Asian Development Bank (ADB) is set to grant $500 million in financing to India’s Punjab National Bank to help fund the development of rooftop solar systems. The funding, which is expected to help the Indian government to expand renewable energy access, comprises $330 million from ABD while the remaining $170 million will be from the ADB-administered multi-donor Clean Technology Fund. The loan will be used by the Punjab National Bank to fund various developers and by end users to install rooftop solar systems throughout India. Learn more.
3 October 2016
Energy and Climate Partnership of the Americas, Solutions Center Partner to Enable a Clean Energy Future »
The Solutions Center and the Energy and Climate Partnership of the Americas (ECPA) have partnered to provide resources and support to meet common goals. Together, the Solutions Center and ECPA will work to enable greater dialogue, collaboration and awareness on energy and climate topics. ECPA’s initiatives include energy efficiency, renewable energy, efficient use of fossil fuels, energy infrastructure, energy poverty, sustainable forests and land use and climate adaptation. Learn more.
28 September 2016
To address Sustainable Development Goal 7 (affordable and clean energy), the Clean Energy Ministerial’s 21st Century Power Partnership (21CPP) is driving momentum, building leadership and highlighting policies and good practices to transform global power systems across developed and developing countries. Since 2011, the 21CPP has brought major players from the public and private sector together at the Global Green Growth Forum (3GF) Summit to drive change. At this year’s 3GF Summit Partnership Session, speakers from the United States, China, European Union (Denmark), Ukraine, Mexico, and Chile provided global perspectives on the transformation to a more sustainable power system. Learn more.
27 September 2016
The Global Innovation Lab for Climate Finance, the Fire Awards and the India Innovation Lab for Green Finance are seeking powerful and actionable ideas to overcome barriers and accelerate investment for a low-carbon, climate-resilient economy. Learn more.