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IDB's First Loan for Energy Efficiency
The $ 10 million loan encourages energy efficiency but not renewables in Columbia.
IDB, the Inter-American Development Bank, recently approved its first loan with the specific aim of promoting energy efficiency. The $10 million loan to Columbia will enable the Ministry of Mines and Energy to implement measures to spur legal, regulatory, and institutional changes, increase the role of the private sector, and carry out studies as well as pilot programs to that end. Interest in energy conservation has grown in Columbia along with the rise in demand, and increased difficulty of finding financing, and mounting environmental awareness. The loan will also fund studies for industrial cogeneration projects and systems for possible financing by the private sector. Efforts to reduce negative environmental effects will include projects to encourage the replacement of firewood with charcoal briquettes as a fuel in rural areas and to substitute natural gas for gasoline and diesel as vehicle fuels. Unfortunately, it will not encourage renewable energy as replacement. More information: IDB, 1300 New York Avenue, N. W., Washington, D.C. 20577, USA.Ph: +1-202-623-1753, fax: +1-202-623-1753,e-mail: idb-books@iadb.org, http://www.iadb.org/. Go to top of page
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ISSUE #20 (56KB - text only) 33 pages (1998-02-01)
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