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World Bank to provide $2 billion for improving power supply in rural India

By : sustainabilityo..., Feb 18, 2011

The multilateral lending agency says unexploited renewable energy sources can generate cost-effective power for rural people, increase total supply and minimise losses. Commits $2 billion in funding over three years 

A new World Bank report says that generating...

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World Bank to support India's green growth agenda

By : sustainabilityo..., Jan 14, 2011

The World Bank has agreed to support India's green-growth agenda by supporting newer programmes such as biodiversity conservation and capacity strengthening of Central and State Pollution Control Boards (PCBs).

The Environment Minister, Mr Jairam Ramesh, who met the...

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Subject Tags: Technology , World Bank

World Bank chief to launch carbon market fund

By : sustainabilityo..., Dec 8, 2010

World Bank President Robert Zoellick is set to launch a new multi-million dollar fund in Mexico on Wednesday to help emerging market countries set up their own carbon markets, the bank said on Tuesday.

While the list of participating countries is still being finalized...

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Subject Tags: Technology , World Bank

World Bank Loans to Energy Projects, Both Clean and Dirty, Soar

By : sustainabilityo..., Nov 23, 2010

The World Bank's lending for renewable energy and energy efficiency projects increased by 300 percent between fiscal year 2007 and fiscal year 2010, to a record $3.4 billion. But over that same period, lending to fossil fuel projects also jumped 430 percent.

Recent...

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World Bank energy chief aims to speed clean power

By : Preeti Aggarwal, Oct 13, 2010

Even before he became the World Bank's clean energy chief, Daniel Kammen had a lustrous list of accomplishments: professor of energy, public policy and nuclear engineering at the University of California-Berkeley, director of the Renewable and Appropriate Energy Laboratory...

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World Bank Pressured over Record Fossil Fuels Lending

By : Preeti Aggarwal, Oct 13, 2010

With new figures showing a record amount of World Bank funding for projects relying on coal power and other fossil fuels, the issue of reforming the institution's energy lending was once again a hot topic at the World Bank and IMF annual meetings, which concluded over the...

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World Bank sells 500,000 U.N. carbon offsets

By : sustainabilityo..., Sep 16, 2010

The World Bank has sold 500,000 United Nations-backed carbon offsets for the U.N.'s adaptation fund, Credit Suisse, which acted as a dealer for the sale, said in a statement.

The transaction took place during the period Aug. 27 to Sept. 10, and the end-buyers varied...

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World Bank defends controversial HFC carbon-cut plants

By : sustainabilityo..., Aug 27, 2010

The World Bank has defended its investment in chemical plants accused by green groups of raising production of greenhouse gas HFC-23 with the aim of incinerating it to get extra carbon offsets worth millions of dollars.

Approved under the Kyoto Protocol's $2.7 billion...

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Trane India Joins IDBI Bank for $13 Million Chiller-Replacement Project

By : sustainabilityo..., Aug 27, 2010

Trane India, an energy services subsidiary of Ingersoll-Rand Plc, will work with IDBI Bank Ltd. to replace 370 chillers that use ozone-depleting chlorofluorocarbons, known as CFCs.

The bank is the implementing agency IN INDIA for a World Bank project under which...

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World Bank clears loan for Mumbai train project

By : sustainabilityo..., Aug 20, 2010

The carrying capacity, efficiency and comfort of suburban trains is expected to improve significantly with the World Bank approving a $430 million (Dh1.57 billion) loan for financing the second phase of Mumbai Urban Transport Project (MUTP-2).

The Railways and...

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Subject Tags: World Bank