Green Investment Banks eyes projects in Africa, India

Green Investment Banks eyes projects in Africa, India

UK Green Investment Bank has received an extra £200m from the British government for setting up a dedicated team which will boost investment in the green energy project across Africa and India. Ed Davey, Energy and Climate Change secretary has informed about this development and also expressed government’s plan to set up a joint venture to increase finance for the well being of the environment.

The investment bank was founded in 2012 with £3.8bn investment for the renewable energy project and also to kick start energy efficiency project in the United Kingdom. Since last summer it has been exploring options to invest £3.87bn International Climate Funds of the British Government. The bank has also collaborated with the Departments of Energy and Climate Change and International Development.

East Africa, South Africa and India are on the list of the bank and the British government to spend additional £200m from the funds in order to establish green projects in those regions. The energy secretary informed press that the aid will try to address the problems of the energy efficiency and renewable energy in the developing counties. The growth of reliable energy infrastructure along with emission cuts and poverty alleviation will only lead to sustainable economic growth. UKs climate finance will be effectively used by creating jobs, commercial ventures and incentives for using low emission technologies in the developing countries.

Solar power and wind energy investment is not possible by the Green Investment Bank within UK due to European Union’s rule on the state aid.

 

What's New

Exercise therapy can reduce surgical knee repairs

The menisci are the shock absorbers in the knees and provide a cushion between the shinbone and the thighbone. Severe traumas can result in the rupture of a meniscus, which might lead to surgery. However, many professionals agree that some surgical knee repairs are unnecessary. This is due to a…
World Health Organization Recommends Fitness Regime for 18-65 Year Olds

Conforming to the World Health Organization's "Global Recommendations on Physical Activity for Health" program, this specialized United Nations agency came up with a set of fitness recommendations for three age groups. These are comprised of 5-17 year-olds, 18-64 year-old and 65 years…
Potbellies more dangerous than obesity

We have been led to believe that people who are not obese are healthy. A person can be unhealthy even if they are not obese. Recent research indicates that people who have potbellies are unhealthier than those people who are obese. The Body Mass Index, or BMI, has been used as a method to determine…
What is Circuit fitness and its advantages?

Fitness exercise is one of the most beneficial forms of exercise that you can practice. Many people around the world choose to do fitness every day or at least a few times per week. If you are passionate about this, you might consider taking things to the next level; Circuit fitness is a challenge…
A pilates workout

Developed by Joseph Pilates, the workout focuses on balancing the body using core exercises, flexibility and increased awareness of how the body moves. This increases the efficiency of the graceful way in which the body moves naturally. What makes Pilates one of the most popular exercise routines is…
Three Incentives the US Government Has for Going Green

Global warming is a concern for governments around the world. Temperatures in oceans are rising, weather patterns are frustrating farmers, and natural calamities are occurring across the globe. Institutions across the world are coming together to alleviate global warming problems and plan policies…
Extreme Hoarders Can Teach Us about Being Green

Climate change and global warming have an enormous negative impact on the environment and the economy. It is important for us to come up with ways of reversing and combatting these two challenges to safeguard the wellbeing of the current and future generations. Extreme hoarders are not only troubled…
Embracing Sustainable Homes

A sustainable home is a home built using natural or renewable resources. With the invasion of global warming and ever-changing environmental conditions, sustainable homes are environmentally friendly and the way to go. Adopting a sustainable lifestyle is a commitment to learn, discover, and be…
Three green home renovations

To tell the truth, making green home renovations is not easy. Hiring professionals to help out might help, but there are still some major decisions to make that will determine the green effectiveness of your space. Let’s take a look at three simple renovations that can change the whole…
Eat Green and Increase your Health

Having a healthy and varied diet is essential to maintain good physical and mental health. Now the question is what we should include in the healthy diet. A good diet should contain plenty of protein, calcium and carbohydrates and fats (in moderation). The experts say that green vegetables along…