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climate finance

Climate financing by multilateral development banks hits new record

MDBs committed $66bn in climate finance in 2020 up from $61.6 billion the previous year, a new report released by the eight MDBs has revealed.
People in informal settlements got a solar panel installed in their roof to get energy access in Africa

African countries left behind in quest for sustainable energy for all

During the past decade, a greater share of the global population gained access to electricity than ever before. However, progress wasn't equal...

$1 Trillion cash injection needed to get emerging economies to net...

IEA's report shows that concerted international efforts are needed for a sustainable and resilient economic future in the developing world.

South Africa’s energy minister confirmed for Enlit Africa

Gwede Mantashe, South Africa's Minister of Mineral Resources and Energy, and Professor Malegapuru Makgoba, Chairman of the Board of Eskom, will be speaking at Enlit Africa.

World bank approves water project

The World Bank has approved a $40 million grant to Sri Lanka, as funding for a project intended to provide that country’s citizens with improved access to drinking water and sanitation.

The project will get underway in the north-east of the country, an area which has been severely affected by conflict with rebel groupings over the past 20 years.

The World Bank estimates that only about 40% of people in villages and small towns in Sri Lanka have access to safe water sources, but says this figure worsens in the war-torn regions.

World Bank to double investment in RE by 2020

As part of its plan, the international financial institution has set out a goal to double its current contributions to global renewable energy capacity,...

World Bank supports energy efficiency in Argentina

[img:alba_0.jpg|Pedro Alba,
Country Director,
World Bank
]Buenos Aires, Argentina --- (METERING.COM) --- June 27, 2008 - The World Bank through the Global Environment Facility (GEF) is to provide a US$15 million grant towards increasing efficiency in the use of energy and reducing greenhouse gas emissions in Argentina.

The objective is to develop a sustainable and growing market for energy efficiency services and equipment in Argentina and the project will help establish regulatory and policy measures, scale up efforts to phase out inefficient lighting, disseminate information, and develop financial risk reduction instruments needed to promote energy efficiency.

World Bank supports AMI project in Uzbekistan

[img:takuya_kamata.thumbnail.jpg|Takuya Kamata,
World Bank Country
Manager, Uzbekistan
]Tashkent, Uzbekistan and Washington, DC, U.S.A. --- (METERING.COM) --- April 2, 2012 - A US$180 million loan for an advanced electricity metering project in the Republic of Uzbekistan has been approved by the World Bank.

The project’s objective is to reduce the commercial losses of the state owned Uzbekenergo's three regional power distribution companies in the country’s capital Tashkent, and in the Oblasts (regions) of Tashkent and Syrdarya.

World Bank supports energy restructuring project

The World Bank has approved a 280 million euro project for the restructuring and rehabilitation of Turkey’s energy sector. The first objective of the loan is to mitigate the risk of electricity supply shortages during the period of energy reform transition – estimated to take until 2010. The second is to support the restructuring of the state-owned generation sector, operated by Elektrik Uretim AS (EUAS), into corporate entities and prepare them for operation in the electricity market and subsequent privatisation.

The loan will include enabling the companies formed from the restructuring process to function effectively in a competitive electricity market. There will also be a focus on the design and implementation of mechanisms to attract private investment in generation to ensure adequate supply.

World Bank issues tender for prepaid meters

The prepaid electric meters will be deployed under the Electricity Access Expansion Project programme in Niger. Under the programme, the World Bank is providing financial...

Vietnam to introduce smart grid technologies with World Bank support

[img:Vietnam.thumbnail.jpg| ]Hanoi, Vietnam and Washington, DC, U.S.A. --- (METERING.COM) --- September 20 - Vietnam is to introduce smart grid technologies, as part of its distribution efficiency project for which funding has just been approved by the World Bank.

The project is aimed to provide electricity users across the country with better quality and reliable electricity services, and to reduce greenhouse gas emissions through efficiency improvements.

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