Savi Sustianable Recovery Sustianable Recovery custom post type: New
On August 6, 2020, the World Bank approved USD 250 million in International Development Association (IDA) credit and grants for Niger. The funds are supposed to help the West African country to develop its human capital and to address challenges caused by the COVID-19 pandemic. The new funding is part of a program series targeted...Read more »
The Senegalese government issued a decree at the beginning of August that exempts 22 different renewable energy equipment types from the value-added tax (VAT). Renewable energy production technologies targeted by this exemption are wind farms, biogas production facilities, solar photovoltaic, and a range of other solar-powered technologies, such as solar water heaters, solar lamp kits,...Read more »
The Department for Transport in England announced a second recovery package for bus and light rail operators on August 8, 2020. The GBP 256 million package supports public transport operators as they continue to cope with reduced passenger numbers and hence lower revenues compared to pre COVID-19 levels while being asked to increase service frequency...Read more »
On August 5, 2020, the European Investment Bank (EIB) announced it was directing EUR 300 million toward the COVID-19 response and recovery in African nations. The funding is part of the EIB Team Europe Initiative, designed to help the most vulnerable and exposed countries respond to the immediate health crisis, mitigate social and economic impacts,...Read more »
The Rocky Mountain Institute, RMI India and NITI Aayog have just released a report on how a green recovery of India’s energy sector could be realized. The report identifies opportunities for the country to boost the energy transition, building a clean, resilient, and low-cost energy future for India. It also discusses how the COVID-19 pandemic...Read more »
The Green for Growth Fund, an impact investment fund targeted at mitigating climate change and promoting sustainable economic growth in various countries, has announced on 05. August to provide a top-up loan to Banque du Caire in Egypt. The additional USD 15 million will support financing energy efficiency and resource efficiency measures of small and...Read more »
The state government of Western Australia released a comprehensive recovery plan at the end of July 2020. The plan puts forward 21 priorities and includes investments of AUD 5.5 billion aimed at creating local jobs in various sectors such as construction, renewable energy, education, and agriculture. Some of the investment priorities will fund sustainable recovery...Read more »
In August, the UK Government released more details about the new £2 billion Green Homes Grant which will be launched at the end of September. Through the fund, about 600,000 homeowners in England can receive up to £10,000 to install insulation, heat pumps and draft proofing in their homes. By covering up to two-thirds of...Read more »
On August 3, 2020, the European Investment Bank (EIB) announced the financing of nearly 40 projects in Barcelona that serve multiple objectives for the city. On the one hand, the projects contribute to the climate change mitigation and adaptation efforts of the city; on the other hand, they create jobs and enhance social inclusion. Therefore,...Read more »
On July 29, 2020, the Inter-American Development Bank (IADB) and the International Labour Organization (ILO) published the results of a study that highlights the enormous job creation potential associated with a transition to a net-zero carbon economy in Latin America and the Caribbean. Even though such a transition would terminate around 7.5 million jobs in...Read more »
