The first 700 houses of an initial 27,600 energy-efficient homes have already been completed and 5,000 houses are currently under construction for low to middle-income families in Mexico as part of an IDB project financed by resources from the Clean Technology Fund (CTF). In addition, more than 9.000 additional units have been submitted for evaluation. The new houses will … [Read more...] about Ecocasas Reduce GHG Emissions While Cutting Energy Costs for Homeowners
Forestry Projects that Generate Income and Reduce GHG Emissions
An estimated 4,900 low-income people in southern Mexico will receive additional income from forestry activities while reducing GHG emissions in a project financed by the Forest Investment Program and carried out by the Multilateral Investment Fund (MIF), a member of the IDB Group. The project’s beneficiaries live in ejidos(comunally held lands) and other rural communities in … [Read more...] about Forestry Projects that Generate Income and Reduce GHG Emissions
Concessional financing spurs wind power and other renewable energy sources
A program implemented by the public sector arm of the Inter-American Development Bank (IDB) to increase financing for renewable energy private development is supporting at least seven wind, photovoltaic, and mini-hydro plant projects, paving the way for mobilizing more than US$1.8 billion in investments for the sector. The program comes with a comprehensive technical … [Read more...] about Concessional financing spurs wind power and other renewable energy sources
Risk reduction for geothermal projects will spur investment in renewable energy
An estimated USD54.3 mill. from the Clean Technology Fund (both from the investment plan and from the Dedicated Private Sector Program, DPSP) will be channeled to a Facility designed to lower risks of geothermal exploration and encourage investment. With the contribution of the Mexican Government and the IDB, an estimated conservative number of 9 projects could be … [Read more...] about Risk reduction for geothermal projects will spur investment in renewable energy
Energy-efficient technology helps firms to compete and reduce GHG emissions
The CTF – IDB Group Energy Program is supporting the ability of local financial intermediaries (LFIs) in Mexico to provide financing products and services for energy efficiency. by . The investments will help improve the competitiveness of Mexico’s economy, reduce the country’s vulnerability to volatile fossil fuel prices, and mitigate CO2 emissions. Technologies that could … [Read more...] about Energy-efficient technology helps firms to compete and reduce GHG emissions