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World Bank calls for investment in solar

2013-07-25 09:59:00| Climate Ark Climate Change & Global Warming Newsfeed

Solar Power: WBG is aiming to double the share of renewable energy power from 15% globally, to 30%. The World Bank Group (WBG) has released a report calling for more investment in solar energy as a tool for tackling extreme poverty. The 31-page report entitled Toward a Sustainable Future for All: Directions for the World Bank Group's Energy Sector, said that solar and other renewables had key role to play in helping reduce energy poverty, but "critically needed' more investment. The report's major goals...

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European Investment Bank Will Not Finance Most Coal Power Stations

2013-07-24 17:30:00| Climate Ark Climate Change & Global Warming Newsfeed

Yale Environment 360: The European Investment Bank (EIB), the main lending arm of the European Union, has decided to stop financing most coal-fired power plants, part of an effort to help the 28-nation bloc meet ambitious greenhouse gas reduction targets by 2030. The EIB says that new and refurbished coal-fired power stations will be ineligible for funding unless they emit less than 550 grams of carbon dioxide per kilowatt hour, a standard that traditional coal power plants would be unable to meet. Power stations that...

Tags: power finance bank investment

 
 

European Investment Bank halts lending to dirtiest coal power plants

2013-07-24 13:48:00| Climate Ark Climate Change & Global Warming Newsfeed

BusinessGreen: Green groups have cautiously welcomed a decision by the world's largest public financial institution to phase out funding for certain coal power plants, after its directors agreed to stop lending to projects that emit the highest levels of carbon dioxide. The European Investment Bank (EIB) board of directors agreed late yesterday to adopt an emissions performance standard for energy projects, which aims to screen out those energy projects that could undermine the EU's climate change policies,...

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Nordic Investment Bank funds Lithuanian rail project

2013-06-28 01:00:00| Railway Technology

The Nordic Investment Bank (NIB) has offered a 114m loan to Lithuanian Railways for the construction of a European-gauge track, as part of the future Rail Baltica route.

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Investment Bank Completes Nine Transactions in NJ and NYC

2013-06-18 15:28:00| National Real Estate Investor

Investors Banks Commercial Real Estate Lending Group recently completed nine large lending transactions in New Jersey and New York City that are valued at over $194 million. read more

Tags: bank investment nj transactions

 

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