Greater Phoenix Economic Council (GPEC) - Exporting Arizona Renewable Energy to California
$13.6M For New Clean Energy in Alaskan Tribal Lands
Borrego Solar Systems Launches Power Purchase Agreement Program
President Obama Defends His Clean Coal Policy
Investors in London Raise $1B for a Renewable Energy Fund
Obama seeks to end Oil & Gas Subsidies while increasing Renewable Energy funding
Google Funds Wind Farms in North Dakota
California Renewable Energy Project Proposals near 70GW
Ethos Provides Construction Loans for Renewable Energy Developers
Geothermal Financing—too hot to handle? Difficulty getting private industry funding
U.S. Department of Energy Awards almost $100 Million in Renewable Energy Funding
Wind Energy in Scotland Receives ₤70 Million in Funding
Global Leaders attend IPEEC Conference to Set Energy Efficiency Goals
U.S Launches new initiative to promote clean energy technologies in developing countries
GE Helping London 2012 Olympics Minimize Environmental Impact Using Cogeneration Technolog
Cleantech Investment through Microloans for Developing Countries
A 26-year-old Australian teacher, Hugh Whalan, has started a non-profit agency called Energy in Common that allows energy conscious investors to make "microloans" to individuals to promote renewable energy projects in developing countries. These small loans, some for as little as $100, are designed to finance individual businesses and homes with simple clean energy generating tools like solar panels and windmills. Since more that 1.5 million people around the world do not have reliable access to electricity, such projects could potentially provide clean, renewable power to operate basic necessities like lights and refrigerators.
Whalan explains that his travels left him with the realization that major companies have failed to deliver clean energy to remote areas because "for many years, investment was channeled into large-scale projects."
Although Energy in Common has only funded about two dozen clean energy projects so far, their goal is to make microloans to 15 million people over the next five years. In combination with other agencies working to bring poor families clean energy -- like Kiva and Global Giving -- such programs could empower struggling entrepreneurs and eventually serve to reduce the global carbon footprint as well.
image credit: Department for International Development via Flickr
Recommended for Further Reading:
- Greater Phoenix Economic Council (GPEC) - Exporting Arizona Renewable Energy to California
- $13.6M For New Clean Energy in Alaskan Tribal Lands
- Borrego Solar Systems Launches Power Purchase Agreement Program
- President Obama Defends His Clean Coal Policy
- Investors in London Raise $1B for a Renewable Energy Fund
- Obama seeks to end Oil & Gas Subsidies while increasing Renewable Energy funding
- Google Funds Wind Farms in North Dakota
- California Renewable Energy Project Proposals near 70GW
- Ethos Provides Construction Loans for Renewable Energy Developers
- Geothermal Financing—too hot to handle? Difficulty getting private industry funding
- U.S. Department of Energy Awards almost $100 Million in Renewable Energy Funding
- Wind Energy in Scotland Receives ₤70 Million in Funding
- Global Leaders attend IPEEC Conference to Set Energy Efficiency Goals
- U.S Launches new initiative to promote clean energy technologies in developing countries
- GE Helping London 2012 Olympics Minimize Environmental Impact Using Cogeneration Technolog
Cleantech Investment through Microloans for Developing Countries http://t.co/HcoySwUR #eco #cleantech #greenbuilding #renewableenergy
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Cleantech Investment through Microloans for Developing Countries http://bit.ly/cmB71r #eco #cleantech #greenbuilding #renewableenergy
RT @cleangreenpro: Cleantech Investment through Microloans for Developing Countries http://bit.ly/cmB71r #eco #cleantech #greenbuilding ...
RT @cleangreenpro: Cleantech Investment through Microloans for Developing Countries http://bit.ly/cmB71r #eco #cleantech #greenbuilding ...
RT @tocleantechie: RT @cleangreenpro: Cleantech Investment through Microloans for Developing Countries http://bit.ly/cmB71r #eco #cleantech
RT @tocleantechie: RT @cleangreenpro: Cleantech Investment through Microloans for Developing Countries http://bit.ly/cmB71r #eco #cleantech
RT @cleangreenpro: Cleantech Investment through Microloans for Developing Countries http://bit.ly/cmB71r #eco #cleantech #greenbuilding
26yr old launches Energy in Common: invest in cleantech via microloans for developing world http://bit.ly/aTKv5k #microfinance
RT @cleantechopen: Cleantech Investment through Microloans for Developing Countries http://ow.ly/1NPv0
RT @cleantechopen: Cleantech Investment through Microloans for Developing Countries http://ow.ly/1NPv0
Cleantech Investment through Microloans for Developing Countries http://ow.ly/1NPv0
Cleantech Investment through Microloans for Developing Countries http://ow.ly/1NPv0