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World Bank Loans Will Help Mexico Fight Climate Change (Update1)
2010-11-23 21:05:22.575 GMT
By Stephan Nielsen
Nov. 23 (Bloomberg) -- The World Bank approved three loans
totaling $700 million to help Mexico fight climate change.
A 14-year loan of $400 million will be used to increase
Mexico's use of renewable power, promote forestry management and
expedite investments in energy-efficient housing, the country's
Finance Ministry said in an e-mailed statement today.
A $250 million, 12-year loan and a $50 million, 20-year
loan will be used to replace incandescent light bulbs and
domestic appliances with new efficient models, according to the
statement.
For Related News and Information:
Mexico and climate change: TNI MEXICO CLIMATE <GO>
Renewable-energy special report: GREEN <GO>
Top energy stories: TOP NRG <GO>
--Editors: Will Wade, John Lear
To contact the reporter on this story:
Stephan Nielsen in Sao Paulo at +55-11-3017-4932 or
snielsen8@bloomberg.net
To contact the editor responsible for this story:
Reed Landberg at +44-20-7330-7862 or
landberg@bloomberg.net
