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A.D.B. extends $100 million loan for India’s solar power projects

A.D.B. extends $100 million loan for India’s solar power projects

The Asian Development Bank is extending loans of up to $100 million to aid in pr...

Nebraska Supreme Court, House of Representatives supporting proposed Keystone pipeline route

Nebraska Supreme Court, House of Representatives supporting proposed Keystone pipeline route

Despite misgivings from the public and the White House, proponents of the Keysto...

Obama will not sign Keystone Pipeline bill

Obama will not sign Keystone Pipeline bill

President Barack Obama will not sign the Keystone Pipeline bill, saying that it ...

Senvion completes offshore wind farm over Christmas

Senvion completes offshore wind farm over Christmas

Senvion completed the installation of wind turbines for the Nordsee Ost offshore...

Vestas to supply wind turbines in Greece and Chile

Vestas to supply wind turbines in Greece and Chile

Danish wind turbine manufacturer Vestas ended 2014 with two supply contracts: on...

U.N. chief hails results of C.O.P. 20

U.N. chief hails results of C.O.P. 20

United Nations Secretary-General Ban Ki-moon hailed the results of the recently ...

Manufacturer’s perspective on the new U.S. emissions reduction target

Manufacturer’s perspective on the new U.S. emissions reduction target

The United States manufacturing sector may be opting for a more diversified way ...

Business

Technology

Advantage of green cloud computing

Advantage of green cloud computing

Tuesday, 13 January 2015

Green computing is the usage of computing resources in an energy- and resource-efficient manner. Part of it is using computers that have been Energy S...

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Politics

Living Green

Eco -friendly Flooring

Eco -friendly Flooring

Friday, 30 January 2015

The term eco – friendly is usually associated with high prices, dull and boring materials and lack of variety. Luckily, the reality is completely diff...

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Renewables

Hereford Wind Project in Texas begins commercial operations

Hereford Wind Project in Texas begins commercial operations

Wednesday, 28 January 2015

The 200-megawatt Hereford Wind Project in Texas has achieved commercial operation. EDF Renewable Energy, which purchased shares of the project in 2013...

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Low-Carbon

Seven eco-friendly home heating solutions

Seven eco-friendly home heating solutions

Friday, 12 December 2014

Environmentally friendly home heating solutions are valuable for the planet, and can lower your utility bills. With the numerous home heating alternat...

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Opinion

Unsustainable urban life: What's next?

Unsustainable urban life: What's next?

Wednesday, 11 June 2014

Nutrition plays a critical role in everyone’s chance at a better future. Hunger, said Benjamin Franklin once, is the best pickle. Some say “pickle”...

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Citi buys carbon credits from Mongolian energy efficiency project

Citi will purchase 1.17 million metric tons of carbon credits over the next seven years from Seattle-based carbon markets intermediary MicroEnergy Credits for reduce household emissions in Mongolia.

In Ulaanbaatar, the Mongolian capital, local lender XacBank will finance the locals' purchase of energy- efficient stoves and insulation fixtures so they increase heat retention and lower the rate of fossil fuel consumption and carbon emissions.

Many of Ulaanbaatar's population still live in traditional, tent-like structures called gers. Gers are traditionally under-insulated and heated by inefficient coal-burning stoves.

The greenhouse gas emissions reductions from the installation of more efficient household insulation and heating fixtures will generate carbon credits.

The reduction in emissions will be earned by XacBank clients and assigned to MicroEnergy Credits. MicroEnergy Credits will then quantify, aggregate and sell the credits to Citi, which can then trade and sell the credits under the European Union Emissions Trading Scheme.

The first carbon credits are expected to be available for purchase by Citi in March next year.

Portions of the proceeds from Citi's carbon credit purchase will also be distributed by MicroEnergy Credits back to XacBank, allowing for the continuation of the energy efficiency micro-loans.

Over-the-counter price for Certified Emission Reductions is currently hovering at over 3 euros ($4) per metric ton.



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