Finance & Economics

50 percent credit guarantee for energy efficiency projects in Vietnam

Vietnams energy consumption has been soaring in the past decade. The majority of its electricity is generated from burning coal, natural gas, and oil. Currently, the industrial sector of Vietnam constitutes up to 47 percent of national electricity consumption, becoming the dominant energy consumer. Vietnam Scaling Up Energy Efficiency Project (VSUEE) is led by the Department of Energy Efficiency and Sustainable Development, under the Ministry of Industry and Trade (MoIT) The total grant, thus, amounts to US$86.3 million. The project sets its goals for the 2019-2025 period as follows: Projected energy or fuel savings: 577 GW. Projected lifetime fuel savings: 398 GW. Projects developed: 100. Targeted number of bankable energy efficiency projects developed: 100. It can be concluded that the VSUEE is mainly about infrastructure finance, with a modest contribution to energy policies and reform.

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Energy storage investments - bridging production and consumption
Finance & Economics

Energy storage investments - bridging production and consumption

Spearmint Energy founder Andrew Waranch says we are at a tipping point. Texas power grid froze in 2021 after a surge of severe winter storms battered state. He says we need massive investment in our energy infrastructure, especially in energy storage.

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DEEP 2.0 - De-risking energy efficiency through better reference data
Finance & Economics

DEEP 2.0 - De-risking energy efficiency through better reference data

The De-risking Energy Efficiency Platform (DEEP) is an open-source database for energy efficiency investments performance monitoring and benchmarking. It now includes data on more than 17,000 energy efficiency projects in buildings and industry from 30 data providers.

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How smart cities could use digital finance platforms
Finance & Economics

How smart cities could use digital finance platforms

Digital finance is increasingly demonstrating its ability to overcome key barriers for smaller scale project finance. Few exist today but a growing number is in development driven by the need to mobilize private capital to support sustainable growth.

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Digital financing platforms - a solution to finance smart city projects?
Finance & Economics

Digital financing platforms - a solution to finance smart city projects?

Do you know Jack Mas 3-minute loan? SME can get up to 300.000 USD within a few hours purely using an online service. Juergen Ritzek gives an overview on the state of play of digital financing platforms, structured into three groups.

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Making an impact
Finance & Economics

Making an impact

Impact investing aims to have a positive impact on key sustainability problems. Amy Clarke, founder of Tribe Impact Capital, says every investment is an impact investment. The Sustainable Development Goals (SDGs) are a good roadmap to all the areas where we need.

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Pre-commercial procurement for 100% renewable retrofits
Finance & Economics

Pre-commercial procurement for 100% renewable retrofits

The EU Horizon 2020 project procuRE is offering €7.68 million for RandD services in building technology and renewables. It is financed by the cities of Nuremberg (Germany), Istanbul (Turkey), Velenje (Slovenia),.

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Thinking strategically about industrial energy efficiency
Finance & Economics

Thinking strategically about industrial energy efficiency

Catherine Cooremans and other colleagues in her Multiple Benefits project provide some answers in a short video that lays out the problems and some of the solutions. In the EEFIG survey, there are many suggestions from standardised contracts to better regulations to better sharing.

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Showcasing the need to improve energy performance of industry
Finance & Economics

Showcasing the need to improve energy performance of industry

European Commission presented its European Green Deal investment Plan. Plan expects to mobilise at least €1 trillion of sustainable investments over the next decade. The strategy includes a dedicated strategy for small and medium-sized enterprises (SMEs).

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Powering an Energy Efficient Future
Finance & Economics

Powering an Energy Efficient Future

I moderated a webinar on energy efficiency for the IPFA as part of their energy transition series. This may be the last in the series but believe me, this is the most important element of the energy transition. I tend towards a fundamental position.

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