Moscow, Russia, February 27, 2009 —
IFC, a member of the World Bank Group, is helping the Russian city of Petropavlovsk-Kamchatsky
reduce greenhouse-gas emissions while lowering energy costs and providing
adequate heating for as many as 30,000 children in local schools and kindergartens.
An IFC team recently helped the city develop its Public Buildings’ Resource
Efficiency Modernization Program, which calls for investment in cleaner
technology. Under the program, investments of about $15.5 million to modernize
schools and kindergartens would allow the city to reduce carbon dioxide
emissions by 35,000 tons a year while lowering energy costs by $3.3 million
“The city administration thanks IFC for support in the development of
the Public Buildings’ Resource Efficiency Modernization Program,” said
Vasiliy Nikiforov, Deputy Mayor of Petropavlovsk-Kamchatsky. He said the
program will lower energy consumption by 20 percent and result in improved
conditions for schoolchildren. He also said the city hopes to expand its
partnership with IFC.
The IFC team presented its recommendations at a high-level conference in
Petropavlovsk-Kamchatsky involving more than 200 representatives of the
Russian parliament, key ministries, banks, and nongovernmental organizations.
The team is part of IFC’s Russia Cleaner Production Program, which is
supported with funds from IFC, the German state of Saxony, and the governments
of Finland and the Netherlands.
IFC, a member of the World Bank Group, creates opportunity for people to
escape poverty and improve their lives. We foster sustainable economic
growth in developing countries by supporting private sector development,
mobilizing private capital, and providing advisory and risk mitigation
services to businesses and governments. Our new investments totaled $16.2
billion in fiscal 2008, a 34 percent increase over the previous year. For
more information, visit www.ifc.org.