IFC TRIES TO WEAN RUSSIA OFF OIL AND GAS
June 1st, 2011
BY KEITH NUTHALL
THE INTERNATIONAL Finance Corporation (IFC), of the World Bank, has agreed to help the Russian Energy Agency improve energy efficiency in industry and housing, develop renewable energy and reduce greenhouse gas emissions. The IFC said targeted investments in energy efficiency alone could reduce Russia's annual consumption of gas by 240 billion cubic metres, crude oil by 43 million tonnes.
ENDS
THE INTERNATIONAL Finance Corporation (IFC), of the World Bank, has agreed to help the Russian Energy Agency improve energy efficiency in industry and housing, develop renewable energy and reduce greenhouse gas emissions. The IFC said targeted investments in energy efficiency alone could reduce Russia's annual consumption of gas by 240 billion cubic metres, crude oil by 43 million tonnes.
ENDS
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