NADB targets cleaner energy.With expansion into new environmental sectors beyond its traditional areas, the North American Development Bank The North American Development Bank (NADB) is a binational financial institution capitalized and governed equally by the United States of America and Mexico for the purpose of financing environmental projects certified by the Border Environment Cooperation Commission (BECC). (NADB NADB North American Development Bank NADB Nederlandse Algemene Danssport Bond (Netherlands Sport Dancing Association) NADB National Archaeological Database NADB NATO Ammunition Database NADB National Atmospheric Data Bank ) is actively pursuing projects that seek to improve air quality in the Mexico-U.S. border region. Efforts thus far have concentrated on street paving projects to reduce particulate matter particulate matter n. Abbr. PM Material suspended in the air in the form of minute solid particles or liquid droplets, especially when considered as an atmospheric pollutant. Noun 1. in several binational bi·na·tion·al adj. Of, relating to, or involving two nations. airsheds. Another sector that interests NADB is clean and efficient energy. [ILLUSTRATION OMITTED] Improving air quality and generating strong investment potential for NADB, clean and efficient energy projects can include alternative resources such as wind, solar, and efficiency improvements. Currently, NADB is involved in the development of several of these types of projects, including wind energy projects, a biomass energy project, and several solar energy solar energy, any form of energy radiated by the sun, including light, radio waves, and X rays, although the term usually refers to the visible light of the sun. projects. The first energy efficiency projects should be presented to the NADB Board of Directors for financing in early 2005, with additional projects to follow later in the year. NADB hopes to augment aug·ment v. aug·ment·ed, aug·ment·ing, aug·ments v.tr. 1. To make (something already developed or well under way) greater, as in size, extent, or quantity: these advances by seeking additional project proposals from private and public sector entities interested in exploring energy projects that will benefit residents along the joint border. Public or private sector entities interested in NADB assistance should take the following steps: * Submit project proposal to NADB that defines environmental benefit, project details (financial and technical), and project status * Obtain preliminary opinion from NADB on financial viability and authorization-to-proceed from the Board of Directors * Apply for project certification from Border Environmental Cooperation Commission (BECC BECC Border Environment Cooperation Commission BECC Babson Executive Conference Center BECC Basic Engineering Common Core (Navy "A" school) BECC Beneficial Effect of Composite Construction (structures) ) and make formal request for financial support from NADB * Obtain BECC certification and NADB credit/financial analysis * Secure approval of financing package from NADB Board of Directors Those interested in obtaining NADB financing for energy projects are strongly encouraged to contact the NADB's Project Development--New Sectors Department to discuss their proposals prior to submission. For more information on the NADB, visit www.nadb.org. |
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