$43m for energy efficiency in India

The World Bank and the Government of India have signed an agreement for a $43 million (£29m) grant to boost energy efficiency in the country.

The Partial Risk Sharing Facility for Energy Efficiency Project will provide financial help to businesses and Energy Service Companies (ESCOs) for investments in energy-saving initiatives.

India has “substantial untapped” energy efficiency (EE) potential across various sectors, according to the World Bank.

Onno Ruhl, World Bank Country Director in India said: “Improving energy efficiency will not just ease India’s energy shortfalls but also save millions of tonnes of CO2 from polluting the air each year.

“Innovative project will ease this constraint in the EE eco-system, leading thus to an EE transformation in India.”

Huong Truong

Same Category

Researchers build all-perovskite tandem solar cell with 28.2% efficiency

19/11/2024

Singapore government pushes energy-efficient data center plan 17/11/2024

The city state is looking at greener energy sources and wants to make every aspect of data center energy consumption, from cooling to coding, more efficient.
Road to Industrial Energy Conservation in Singapore 16/11/2024

Energy conservation has become a trending topic all around the world, and Singapore’s industrial sector cannot stay away from this so easily as this nation puts so much weight on sustainability. What has Singapore done to conserve energy? From using less carbon-intensive fuels to reduce greenhouse gas emissions to switching to natural gas to generate electricity, their commitment is quite impressive! However, there are many other initiatives they can easily implement technologically if they want to make it a smart manufacturing grid. What is the energy strategy of Singapore?
Announcing Funding to Improve Energy Efficiency in Ontario’s Industrial Facilities 15/11/2024

Investments in energy-saving programs are essential to help industries and workers build a more prosperous and sustainable future. The Government of Canada is committed to innovative energy management solutions for industry partners across the country.
Shifting from gas to electric heating could save Victorians more than $2,000 a year, research finds 15/11/2024

Report concludes using reverse-cycle air conditioning instead of gas ducted heating could save households between $999 to $2,215 a year.
South Korea Energy Efficiency in Commercial Buildings Market By Application 15/11/2024

In South Korea, the revenue in the Energy Efficiency in Commercial Buildings Market is estimated to reach US$ XX Bn by 2024. It is anticipated that the revenue will experience a compound annual growth rate (CAGR 2024-2031).
CoreLogic and CSIRO launch RapidRate energy efficiency tool to meet banking industry needs 14/11/2024

RapidRate is an innovative tool that can estimate the energy efficiency performance of Australia’s 11 million residential properties.
Homeowners and landlords to get energy saving tips 14/11/2024

Cornwall Council is offering free advice on saving money on energy to people in the county, as well as low-cost loans to eligible homeowners and landlords.
Rwanda can scale-up energy efficiency while accelerating energy access 14/11/2024

Countries across Sub-Saharan Africa are grappling with the challenges of expanding energy access while addressing climate change. As efforts accelerate to expand access to electricity to more people in the region, adopting energy efficiency measures upfront would help avoid locking-in inefficient energy consumption.