Istanbul to host energy efficiency financing forum
Date
9/11/2015 12:21:21 PM
(MENAFN- The Journal Of Turkish Weekly) Istanbul will host a forum on energy efficiency financing sponsored by the European Bank for Reconstruction and Development (EBRD) from Sept. 16-17.
The forum entitled “Building a Global Energy Efficiency Financing Alliance” will be held in partnership with the United Nations Environment Programme Finance Initiative.
"The forum will be a platform for commercial banks including international national regional and microfinance institutions to share knowledge and experience about successful business strategies for developing and marketing energy efficiency finance products" the EBRD said in a statement on Friday. It is expected to attract participants from 50 commercial banks.
Josue Tanaka managing director for Energy Efficiency and Climate Change at the EBRD said in the statement: “EBRD experience has proven that continued investment in energy efficiency makes both an important contribution towards the global climate challenge as well as clear business and economic sense.”
The forum will also issue a declaration of intent by participating banks to "further integrate this business area into their operations" the statement said.
"The EBRD has invested 13 billion euros [$14.7 billion] in energy efficiency over the past 10 years encouraging third party investment for projects worth a total of 84 billion euros [$94.4 billion] and estimated to reduce greenhouse gas emissions by over 60 million CO2 tons per year" the statement said.
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