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The National Development Bank of Palau (NDBP) has approved a financing program for climate-friendly and energy-efficient room air conditioners in Palau. This development is a key milestone in supporting policies and financing mechanisms for sustainable cooling in the Pacific. The International Institute for Energy Conservation (IIEC) is working with the NDBP to finalize the program’s details, which will be launched in early 2021.

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Palau - Demonstration of On-Bill Financing Scheme for Energy Efficient Air-Conditioners