International Financial Institution

Event: Fifth African Rift Geothermal Conference (ARGeo - C5) [viewed]

The 5th African Rift Geothermal Conference (ARGeo - C5) is being organized to promote the development, exploration, use and financing of geothermal energy projects. ARGeo - C5, themed 'Geothermal: Solution to Africa Energy Needs,' will serve as an information-sharing platform and will facilitate regional cooperation. The main conference, which will take place 29-31 October, will feature a range of sessions geared toward exploring: risk mitigation; how to attract private developers; fast-tracking projects; stimulating the growth of the industry through investment; and the development, construction and operation of geothermal plants. Participants also have the option of participating in short courses, such as 'Improving Success in Drilling' and 'Financing Geothermal Projects' on 27-28 October. After the conference, an optional field trip on 1-2 November is offered. The African Rift Geothermal Development Facility (ARGeo) Project is organizing the conference in partnership with the UN Environment Programme (UNEP) and the Government of Tanzania. The UNEP-ARGeo Programme is a project funded by the Global Environment Facility (GEF) that encourages the development of geothermal energy sources in East Africa to realize their untapped potential and reduce greenhouse gas (GHG) emissions. It was officially launched in 2010 at ARGeo - C3.  

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AfDB Approves 10 Million Euro Investment in Agroforestry [viewed]

ADB-ICRAF8 October 2014: The African Development Bank (AfDB) has approved a 10 million Euro investment in agroforestry through the Moringa Private Equity Fund. The fund will be used to support projects that combine tree plantations with agricultural production in sub-Saharan Africa.

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September 2014 Water Finance Update [viewed]

wb.adb.ebd.afdb.gefSeptember 2014: During the month of September, the World Bank, Global Environment Facility (GEF), Asian Development Bank (ADB), African Development Bank (AfDB) and European Bank for Reconstruction and Development (EBRD) issued loans and highlighted work to address water-related issues including: conserving aquatic biodiversity; improving climate resilience; expanding water, sanitation and hygiene (WASH) services; implementing integrated water resources management (IWRM); and reducing disaster risk from flood and drought.

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CEOs, Finance Ministers Address Climate Change at World Bank, IMF Meetings [viewed]

WB and IMF13 October 2014: The 2014 Annual Meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF) tackled some of the most pressing issues and risks facing the world today, such as the Ebola epidemic, unrest in the Middle East, climate change and lack of money for critical infrastructure.

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Climate and Development in Africa Conference Focuses on Food Security [viewed]

UNECA10 October 2014: The fourth conference on Climate Change and Development in Africa (CCDA-IV) focused on how the continent can feed itself, especially under a changing climate. The conference addressed the connections between climate and agriculture, examining how climate-smart agriculture can increase resilience, how climate change will affect the livelihoods and food security of vulnerable populations, and how climate knowledge can bolster agricultural productivity.

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World Bank Links Energy Subsidy Reform to Job Creation in MENA Region [viewed]

World Bank8 October 2014: A study by the World Bank finds evidence of a positive relationship between fuel prices, per capita gross domestic product (GDP) growth and job creation, and encourages the governments of the Middle East and North Africa (MENA) region to cut energy subsidies in order to build dynamic, employment-intensive economies. The study, titled ‘Corrosive Subsidies,' also projects economic growth in the MENA transition countries to be hampered by macroeconomic imbalances and unfinished subsidy reform.

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Event: 24th Adaptation Fund Board Meeting [viewed]

The Adaptation Fund Board (AFB) will hold its 24th meeting to hear reports from the Chair, the secretariat, the Accreditation Panel, the Project and Programme Review Committee (PPRC), and the Ethics and Finance Committee (EFC). The Board will also take up items remaining from its 23rd meeting, including: a strategic discussion of objectives and steps for the Fund; report from the fundraising task force; implementation of the readiness programme; and the second review of the Fund. Other agenda items include: communication and outreach; financial issues with regard to the Trust Fund, certified emission reduction (CER) monetization and project/programme pipeline; issues related to regional projects/programmes; dialogue with civil society organizations (CSOs); and election of the Chairs and Vice-Chairs of the Board, PPRC, EFC and Accreditation Panel.  

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Water Economists Address Efficiency and Water Conservation [viewed]

World Bank29 September 2014: The 11th meeting of the International Water and Resource Economics Consortium (IWREC), hosted by the World Bank, discussed the latest research on the economics of water management, focusing on the theme “Efficiency and Water Conservation.”

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September 2014 Sustainable Energy Finance Update [viewed]

climatefinanceoctSeptember 2014: During the month of September, the World Bank, the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), the Asian Development Bank (ADB), the African Development Bank (AfDB) and other donors undertook activities and approved funding for sustainable energy projects in various countries, including Albania, Burkina Faso, Jordan, Kazakhstan, Peru and Republic of Congo.

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GEF to Address Biodiversity, Livelihoods, Climate Resilience in Belize [viewed]

GEF30 September 2014: The Global Environment Facility (GEF) Board of Directors has approved a five-year project to sustainably manage Belize's natural resources and promote alternative livelihoods for local communities. The project will also strengthen institutional capacity to enhance climate resilience, including increasing ecosystem resilience to climate change impacts.

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