Environmental Networking Platform for Children and Youth by SAMSUNG E&A
Stay connected with Eco-generation :
| Share 
| 
- Home >
- Our Actions >
- Ambassador report
8
Comments
Funding by UAE for Sustainable energy to Developing Nations |
|---|
|
by Rohan Kapur | 15-11-2014 19:44
|
|
As per various reports on this forum highlighting the giant strides taken by UAE to develop & maintain sustainable energy behavior in its economy, it clearly shows the commitment of the country. In this report I?ll try to showcase the steps UAE is taking to fund such projects for developing nations of the world. It implies that apart from being responsible for themselves, they are benevolent and take care of the sustainable development for the developing nations as well. For developing nations it is difficult to fund the high initial investment for going green. In the long run, the investment pays back by savings & cost reductions. UAE helps them by funding on marginal interest rates so that they can go green & later on pay back easily. Funding Nearly 1.5 Billion US$, 22 projects have been shortlisted by Abu Dhabi Development Fund [ADFD]. This was duly done as per the coordination with International Renewable Energy Agency (Irena). Project applications were represented by Asia, Africa, Latin America & SIDS, all developing economies.
The projects include solar PV (photovoltaic) broadening energy access, geothermal energy on-grid, small hydropower for small communities, hybrid solar and wind energy for rural electrification and bio pellet production combined with solar to reduce deforestation.
The countries who does not have access to funds for Green project will be benefitted by these initiatives of UAE govt.
Source Gulf News: Interest to read the full article. Please use the links below: http://gulfnews.com/news/gulf/uae/environment/uae-helps-make-clean-energy-switch-easier-1.1412458
http://gulfnews.com/news/gulf/uae/environment/22-projects-shortlisted-for-uae-energy-loans-1.1412419 |
 
|
|
|
|
|
Previous : Dipsites enthusiastically take...
8 Comments
Excelent the renewable energy
Posted 27-11-2014 04:33
Thanks for sharing, Rohan. Co-incidentally I just finished posting similar report.
Posted 21-11-2014 17:35
Hello Jekk, Thanks for your comments. I agree that in the long run the cost pays off. Maintenance expense also is not much.
Posted 17-11-2014 18:07
@Mondher, Thanks for your kind comments. It is heartening to note that they care for others as well.
Posted 17-11-2014 18:05
Hello Rohan, do you think this project is acceptable in all parts of UAE? Thank you so much for this report because I am interested in renewable energy also. This is expesive but in the long run, it is very efficient and very useful. An environment friendly equipemnt :)
Posted 17-11-2014 14:43
Love how the UAE is supporting all sort of energies that will help us sustain a healthy environment and clean nature
Posted 16-11-2014 22:26
@ Cong, Thanks for your comments.
No money is enough but a beginning is what that matters in this regard.
Posted 16-11-2014 19:39
Thank you for your shares. Do you think it is enough money for projects on Sustainable energy to Developing Nations? Is there any political problems when financing the projects?
Posted 16-11-2014 09:10