Eco loans in Serbia | Global Ideas
July 13, 2011
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6:01Now PlayingEco loans in Serbia | Global Ideas
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as posted by the channelSerbia's energy infrastructure is in desperate need of an overhaul. Though demand for energy is soaring, much of it is inefficiently delivered to the country's residents. The German government-owned KfW bank has now offered loans worth more than 50 million euros ($71 million) to Serbian companies who have promised to switch to renewable energies. They are subject to monitoring to ensure that the money is actually invested in green energy. To qualify for the eco loans, the companies have to cut either 20 percent of their carbon emissions or 20 percent of their energy consumption.
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