Labor to spend $300m on energy efficiency loans

Labor Leader Kevin Rudd has promised to spend $300 million on helping people buy a range of water and energy efficiency measures for their houses.

Mr Rudd told the party's national conference that the money could be used for a range of measures to help cut greenhouse gas emissions.

He says Labor would help about 200,000 families who want to buy water

tanks or solar panels but cannot afford them.

"Low interest rate loans of up to $10,000, zero real rate of interest, so that working families can install solar panels or rainwater tanks or

roof insulation or solar hot water systems," he said.

"Or high efficiency gas hot water heaters, replacing electric storage systems or awnings or grey water recycling systems and energy efficient lighting."

He estimates the plan would generate up to $2 billion worth of investment in environmentally friendly products and boost the tradespeople who install them.

* Sunday, April 29, 2007. 11:44am (AEST)

IBM Unveils Billion-Dollar-a-Year Energy Efficiency Plan

*NEW YORK, New York*, May 11, 2007 (ENS) - IBM said Thursday the company is redirecting $1 billion per year to increase the level of energy efficiency of its information technology products.

The plan includes new products and services for IBM and its clients to reduce the energy consumption of data centers, "transforming the world?s business and public technology infrastructures into green data centers,"

the company said in a statement. Called Project Big Green, the initiative includes a new global "green

team" of more than 850 energy efficiency architects from across IBM

For an average 25,000 square foot data center, clients should be able to achieve 42 percent energy savings, Daniels said. Based on the energy mix in the United States, IBM estimates that this savings equates to 7,439

tons of carbon emissions saved per year.