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Thu04242014

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Funding & Incentives

U.S. investing $45 million for lighter weight, more fuel efficient vehicles

Thirty-eight new research and development projects for cheaper and more fuel efficient transportation technologies have been awarded a total of $45 million by the United States Department of Energy. “By improving the fuel economy of our cars and trucks, we can save families and businesses money at the pump and better protect our air and water,” said Energy Secretary Ernest Moniz upon the announcement of these...

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U.S. D.O.E. invests $16 million on wave and tidal energy

The United States Department of Energy will be investing around $16 million on tidal and wave projects to help improve its power production and reliability. The $16 million investment is for 17 projects that will help sustainably and efficiently capture energy from waves, tides and currents. As part of the Obama Administration’s strategy to deploy every available source of American energy,...

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China issues new solar PV subsidy standards

China’s National Development and Reform Commission has issued new subsidy standards for distributed solar power generation projects in a bid to curb air pollution. In a policy that is the first of its kind in China, the new subsidy standards stipulates a 0.42 yuan, or 7 cents, subsidy for every kilowatt-hour of electricity produced by distributed photovoltaic power units. Unlike the previous subsidy...

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What home energy grants and schemes are available in the UK?

In the UK, there are a range of grants available to help improve home energy efficiency. These are available but not exclusive to the elderly, disabled people and those on lower income. They form part of the government’s goal to reduce the UK’s impact on the environment, and although such grants may not cover the full cost of an energy home improvement, they are almost complete free. If you are planning for energy...

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World Bank aids Laos' forests with $31 million-grant

The World Bank has signed a grant agreement of $31.83 million to aid the Government of Lao People's Democratic Republic's sustainable forest management project. The $31.83 million grant agreement is for Laos' Scaling-Up Participatory Sustainable Forest Management Project, which aims to achieve in the expansion of areas under approved Participatory Sustainable Forest Management plans, as well as development and piloting...

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U.S. Energy Department investing $22 million on algae fuel, advanced biofuels

The United States Department of Energy has awarded more than $22 million in investments for projects to help develop cost-competitive algae fuel and other advanced biofuels. Four projects in California, Hawaii, and New Mexico were awarded a total of $16.5 million to accelerate the development of sustainable and affordable algae biofuels while an Ohio-based project will receive $6 million to develop a better biomass feedstock supply...

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World Bank finances Africa’s hydroelectric project with $340 million

The World Bank has just approved its $340 million-financing plan for a hydroelectric project that will help millions of people in three different regions of Africa. The approved financing will be for the Regional Rusumo Falls Hydroelectric Project which will benefit around 62 million people in the regions of Burundi, Rwanda, and Tanzania. The $340 million financing, which comes from the International Development Association,...

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Multi-million fund for Short Lived Climate Pollutants approved

The Climate and Clean Air Coalition, a partnership of governments, organizations, private sector, and the environmental community, has approved multi-million funding to reduce Short Lived Climate Pollutants across Africa, Asia, and Latin America. The multi-million funding, which will be used to cut black carbon, methane, and greenhouse gases known as hydrofluorocarbons, aims to reduce the rate of global warming by...

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The Rockefeller Foundation earmarks $100 million for 100 resilient cities

The Rockefeller Foundation is celebrating their centennial anniversary by establishing a $100 million fund to boost urban resilience in cities around the world. Through the Rockefeller’s 100 Resilient Cities Centennial Challenge, 100 cities across the globe will be selected to receive technical support and resources to develop and implement plans for urban resilience. This will help cities leverage billions of...

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AfDB provides $17.8 million in climate adaptation funds in 3 countries

The African Development Bank has earmarked $17.8 million for climate change adaption projects in Angola, Benin and Madagascar. The new funding, approved by the Council of the Least Developed Countries Fund during the second quarter of 2013, will be used for agriculture and natural resource management projects. Madagascar will get $6.2 million for agricultural water infrastructure designed to reduce vulnerability to...

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