Ukeep

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Logo of UKEEP

UKEEP is a credit facility developed by the European Bank for Reconstruction and Development (EBRD), targeting Ukrainian private companies in all sectors looking to invest in energy efficiency or renewable energy projects. The UKEEP credit line is provided through participating banks in Ukraine, who in turn on-lend to Ukrainian private companies applying for UKEEP financing. Investments are anticipated to decrease energy consumption, increase own energy production or make energy usage more efficient.

Renewable energy energy that is collected from renewable resources

Renewable energy is energy that is collected from renewable resources, which are naturally replenished on a human timescale, such as sunlight, wind, rain, tides, waves, and geothermal heat. Renewable energy often provides energy in four important areas: electricity generation, air and water heating/cooling, transportation, and rural (off-grid) energy services.

Ukraine Sovereign state in Eastern Europe

Ukraine, sometimes called the Ukraine, is a country in Eastern Europe. Excluding Crimea, Ukraine has a population of about 42.5 million, making it the 32nd most populous country in the world. Its capital and largest city is Kiev. Ukrainian is the official language and its alphabet is Cyrillic. The dominant religions in the country are Eastern Orthodoxy and Greek Catholicism. Ukraine is currently in a territorial dispute with Russia over the Crimean Peninsula, which Russia annexed in 2014. Including Crimea, Ukraine has an area of 603,628 km2 (233,062 sq mi), making it the largest country entirely within Europe and the 46th largest country in the world.

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UKEEP is active and is scheduled to run until the end of 2012. UKEEP has so far committed approximately US$102 million to energy efficiency projects in various sectors. Together, these projects will lead to energy savings of more than 2,115,000 MWh per year – equivalent to the household electricity consumption of more than 520,000 households. As a result, CO2 emissions will decrease by more than 504,000 tonnes per year – equivalent to the annual emissions of more than 225,000 passenger cars.

Air pollution introduction of particulates, biological molecules, or other harmful materials into the Earths atmosphere

Air pollution occurs when harmful or excessive quantities of substances including gases, particles, and biological molecules are introduced into Earth's atmosphere. It may cause diseases, allergies and even death to humans; it may also cause harm to other living organisms such as animals and food crops, and may damage the natural or built environment. Both human activity and natural processes can generate air pollution.

At company level the UKEEP concept has turned out to be very profitable with individual Ukrainian companies saving up to 85% of their energy consumption by investing in new and more energy efficient technologies. The success of UKEEP has resulted in EBRD launching similar concepts in several other Eastern European countries.

See also

Efficient energy use Energy efficiency

Efficient energy use, sometimes simply called energy efficiency, is the goal to reduce the amount of energy required to provide products and services. For example, insulating a home allows a building to use less heating and cooling energy to achieve and maintain a comfortable temperature. Installing LED lighting, fluorescent lighting, or natural skylight windows reduces the amount of energy required to attain the same level of illumination compared to using traditional incandescent light bulbs. Improvements in energy efficiency are generally achieved by adopting a more efficient technology or production process or by application of commonly accepted methods to reduce energy losses.

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European Bank for Reconstruction and Development

The European Bank for Reconstruction and Development (EBRD) is an international financial institution founded in 1991. As a multilateral developmental investment bank, the EBRD uses investment as a tool to build market economies. Initially focused on the countries of the former Eastern Bloc it expanded to support development in more than 30 countries from central Europe to central Asia. Similar to other multilateral development banks, the EBRD has members from all over the world, with the biggest shareholder being the United States, but only lends regionally in its countries of operations. Headquartered in London, the EBRD is owned by 69 countries and two EU institutions, 69th being India recently in July 2018. Despite its public sector shareholders, it invests in private enterprises, together with commercial partners.

Various energy conservation measures are taken in the United Kingdom.

A low-carbon economy (LCE), low-fossil-fuel economy (LFFE), or decarbonised economy is an economy based on low carbon power sources that therefore has a minimal output of greenhouse gas (GHG) emissions into the biosphere, but specifically refers to the greenhouse gas carbon dioxide. GHG emissions due to anthropogenic (human) activity are the dominant cause of observed global warming since the mid-20th century. Continued emission of greenhouse gases may cause long-lasting changes around the world, increasing the likelihood of severe, pervasive and irreversible impacts for people and ecosystems.

World energy consumption energy consumption at international lvel

World energy consumption is the total energy used by the entire human civilization. Typically measured per year, it involves all energy harnessed from every energy source applied towards humanity's endeavours across every single industrial and technological sector, across every country. It does not include energy from food, and the extent to which direct biomass burning has been accounted for is poorly documented. Being the power source metric of civilization, World Energy Consumption has deep implications for humanity's socio-economic-political sphere.

The electricity sector in Honduras has been shaped by the dominance of a vertically integrated utility ; an incomplete attempt in the early 1990s to reform the sector; the increasing share of thermal generation over the past two decades; the poor financial health of the state utility Empresa Nacional de Energía Eléctrica (ENEE); the high technical and commercial losses in transmission and distribution; and the low electric coverage in rural areas.

The electricity sector in Argentina constitutes the third largest power market in Latin America. It relies mostly on thermal generation and hydropower generation (36%). The country still has a large untapped hydroelectric potential. The prevailing natural gas-fired thermal generation is at risk due to the uncertainty about future gas supply.

Electricity sector in Mexico

As required by the Constitution, the electricity sector is federally owned, with the Federal Electricity Commission essentially controlling the whole sector; private participation and foreign companies are allowed to operate in the country only through specific service contracts. Attempts to reform the sector have traditionally faced strong political and social resistance in Mexico, where subsidies for residential consumers absorb substantial fiscal resources.

The electricity sector in Brazil is the largest in South America. Its currently installed capacity by the end of 2016 was 150,338 MW, a 9.500 MW increase on 2015. The installed capacity grew from 11,000 MW in 1970 with an average yearly growth of 5.8% per year. Brazil has the largest capacity for water storage in the world, being highly dependent on hydroelectricity generation capacity, which meets over 70% of its electricity demand. The national grid is composed 80% from renewable sources. This dependence on hydropower makes Brazil vulnerable to power supply shortages in drought years, as was demonstrated by the 2001-2002 energy crisis.

The use of biofuels varies by region and with increasing oil prices there is a renewed interest in it as an energy source.

The energy policy of Malaysia is determined by the Malaysian Government, which address issues of energy production, distribution, and consumption. The Department of Electricity and Gas Supply acts as the regulator while other players in the energy sector include energy supply and service companies, research and development institutions and consumers. Government-linked companies Petronas and Tenaga Nasional Berhad are major players in Malaysia's energy sector.

National Mission for Enhanced Energy Efficiency (NMEEE) is one of the eight missions under the National Action Plan for Climate Change taken by the Indian government to promote the market for energy efficiency by fostering innovative policies and effective market instruments. Its roots lie in the overall objective of The Energy Conservation Act of 2001. The mission document, which was approved in 2010, established the immense energy efficiency potential of India, which was about Rs. 74,000 crores. The Mission, upon its complete execution, envisages to achieve total avoided capacity addition of 19,598 MW, fuel savings of around 23 million tonnes per year and green house gas emissions reductions of 98.55 million tonnes per year. A recent World Bank study has estimated the country's energy efficiency market to be at 1.6 lakh crores.

Southern Gas Corridor

The Southern Gas Corridor is an initiative of the European Commission for a natural gas supply route from Caspian and Middle Eastern regions to Europe. The goal of the Southern Gas Corridor is to reduce Europe's dependency on Russian gas and add diverse sources of energy supply. The route from Azerbaijan to Europe consist of the South Caucasus Pipeline, the Trans-Anatolian Pipeline, and the Trans-Adriatic Pipeline. The total investment of this route is estimated US$45 billion. The main supply source would be the Shah Deniz gas field, located in the Caspian Sea.

Climate change in Finland

Climate change in Finland discuss the climate change issues in Finland.

EurObservER organization

EurObserv'ER is a consortium dedicated to the monitoring of the development of the various sectors of renewable energies in the European Union.

Kazakhstan set the goal that its transition into the green economy will increase GDP by 3%, and create more than 500 thousand new jobs.

Kosova e Re, also known as the New Kosovo project, is a plan of the Government of the Republic of Kosovo to build a new 500 MW power plant near Prishtina, to rehabilitate the existing Kosovo B power plant and completely shut down the Kosovo A power plant which is considered the largest source of pollution in Kosovo. It also includes the development of a new lignite mine in order to meet the needs of the Kosovo B and the newly constructed power plant. It is estimated to cost 2 billion USD.

Public plans for energy efficient refurbishment are put in place by states to encourage building owners to renovate their properties in a way that increases their energy performance. As financing represents the most important obstacle to this type of renovation, the plans favour financial incentives in the form of loans or grants. Various institutions can be involved in the process, such as ministries, banks, firms, or energy services companies (ESCOs).

Dariali Hydropower Plant, referred to as Dariali HPP, is currently being constructed at the territory of Kazbegi Municipality in close vicinity of Russian-Georgian border on the right slope of the Tergi River 160 km away from Tbilisi. The project envisages the construction of a run-of-the-river hydroelectric plant with installed capacity of 108 MW.

There is enormous potential for renewable energy in Kazakhstan, particularly from wind and small hydropower plants. The Republic of Kazakhstan has the potential to generate 10 times as much power as it currently needs from wind energy alone. But renewable energy accounts for just 0.6 percent of all power installations. Of that, 95 percent comes from small hydropower projects. The main barriers to investment in renewable energy are relatively high financing costs and an absence of uniform feed-in tariffs for electricity from renewable sources. The amount and duration of renewable energy feed-in tariffs are separately evaluated for each project, based on feasibility studies and project-specific generation costs. Power from wind, solar, biomass and water up to 35 MW, plus geothermal sources, are eligible for the tariff and transmission companies are required to purchase the energy of renewable energy producers. An amendment that introduces and clarifies technology-specific tariffs is now being prepared. It is expected to be adopted by Parliament by the end of 2014. In addition, the World Bank's Ease of Doing Business indicator shows the country to be relatively investor-friendly, ranking it in 10th position for investor protection.

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