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Fri04252014

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Funding & Incentives

$4.43 billion pledged to developing countries’ environmental efforts

Around 30 countries have pledged $4.43 billion for the Global Environment Facility to support the environmental efforts of developing countries. This record funding for the G.E.F. will support projects in more than 140 countries tackling various issues relating to the global environment, such as climate change, deforestation, land degradation, extinction of species, toxic chemicals and waste, and threats to oceans and freshwater resour...

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Hong Kong extends its registration tax exemption for E.V.s

Hong Kong has passed a resolution that will extend its first registration tax exemption for electric vehicles. The first registration tax exemption was extended by the Legislative Council for another three years to March 31, 2017; a move that was welcomed by the Secretary for the Environment Kam-sing Wong. “Continuing the first registration tax exemption for electric vehicles will help promote...

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World Bank approves $13 million boost for Solomon Islands’ power utility

The World Bank has approved $13 million in additional financing for the improvement of Solomon Islands’ national power utility. The approved $13 million additional financing is for the Solomon Islands for the Sustainable Energy Project, or S.I.S.E.P. – an initiative working to improve the operational efficiency, system reliability, and financial sustainability of the national power...

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Hong Kong approves latest rounds of green transportation trials

Hong Kong’s Environmental Protection Department has approved $10.7 million worth of subsidy for the latest batch of green transportation trials. This is the ninth batch of applications for the trial of green transport technologies under the Pilot Green Transport Fund. A total of 15 applications have been newly approved for the fund. The approved applications include the trial of 10 electric taxis, three electric...

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Solar panel U.K. cost and funding need-to-know

Solar photovoltaic (PV) energy was recently identified as being central to the growth of renewables in the U.K., according to Greg Barker, the Minister of the Department of Energy & Climate Change. In fact, installed solar PV capacity has seen a rise of 25 fold since the end of 2010. However, for many people in the U.K., the technology remains one that they know little about, in terms of costs and...

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G.E.F. approves $238 million-fund to support environmental projects

The Global Environment Facility governing council, in its 45th Council Meeting, has approved a total of $238 million in grant funding that will support various environmental projects. The grants will support different projects addressing various issues such as climate change, biodiversity, international waters, land degradation, chemical pollutants, and multiple focal areas which...

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A.D.B. provides India loan for renewable energy transmission

The Asian Development Bank has provided India with a $500 million-loan for the development of a power transmission system that will deliver renewable energy from Rajasthan in Northwest India to state and national grids. Majority of the loan will be used for the Bhadla park in Western Rajasthan, the first solar park that is being developed by the state's renewable energy agency Rajasthan Renewable E...

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I.D.B. supports Colombia’s plan for clean energy technology and efficiency

The Inter-American Development Bank will be supporting Colombia’s plan to boost clean energy technology and efficiency to reduce their greenhouse gas emissions. I.D.B. will be supporting Colombia by financing the country’s energy efficiency project which aims to boost the competitiveness of hotels, clinics, and hospitals while reducing their GHG emissions. The energy efficiency project will receive...

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I.D.B. approves $25 million-loan for Peru’s climate change program

The Inter-American Development Bank has approved a $25-million loan to help consolidate Peru’s climate change program. The loan will be used to support policy for the reduction of greenhouse gas emissions, the reduction of vulnerabilities and adaptation to the effects of climate change. Peru’s climate change program is expected to consolidate institutional and regulatory framework; to mainstream climate...

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Knight Foundation funds health data projects with over $2 million

LOS ANGELES — The John S. and James L. Knight Foundation unveiled details about its 2013 $2.2 million News Challenge investment initiative and highlighted the positive impact that 2012 investee Safecast made in Japan at the Los Angeles Makerspace on September 4, 2013. The latter, a Tokyo and Los Angeles-based citizen science nonprofit that uses its proprietary technology to create radiation...

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