International Financial Institution

GEF Council CSO Consultation Discusses Gender Policy, Public Involvement [viewed]

GEF27 October 2014: The Global Environment Facility (GEF) Council consultation meeting with civil society organizations (CSOs) gathered approximately 150 participants to focus on four topics: a dialogue with the GEF CEO; gender mainstreaming and public involvement in GEF projects; the work of the GEF-CSO Network; and CSO engagement in the sixth replenishment of the GEF (GEF-6).

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Philippines National Budget "Tags" Climate Change Response Funds [viewed]

World Bank-Philippines24 October 2014: In the Philippines, 53 national agencies have begun the process of "tagging" proposed climate change funding in their 2015 national budget submissions. With over 5% of the total tagged as climate change expenditures, the system intends to make the tracking, strategy and prioritization of the national response to climate change more transparent.

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CIF, CPI Publish Background Paper on Geothermal [viewed]

CIFOctober 2014: A background report prepared by the Climate Policy Initiative (CPI) for the Climate Investment Funds (CIF) finds that, overall, geothermal is cost competitive with its fossil fuel alternatives, even in the absence of a carbon price. At a levelized cost of electricity (LCOE) of 9-13 US cents per kilowatt-hour (kWh), it is among the least expensive renewable sources of power. However, the publication points out that more deployment is needed for geothermal to achieve its full potential.

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Adaptation Fund Board Approves Six Projects Totaling US$33 Million [viewed]

Adaptation Fund10 October 2014: The Adaptation Fund Board (AFB) has announced it will fund six climate resilience projects, in Costa Rica, India, Kenya and South Africa. The decision represents a doubling in the direct access finance provided by the Fund. In addition, the Board approved almost US$150,000 in South-South grants to provide training on the Fund's accreditation process so that more countries will be able to take advantage of direct access finance.

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SE4ALL Launches in the Americas [viewed]

s4all-americas17 October 2014: The UN Decade of Sustainable Energy for All (SE4ALL) has officially launched in the Americas. With over 500 participants from across Latin America and the Caribbean in attendance, the event highlighted that a transition to universal sustainable energy access is possible in the region and pointed to the health, economic, social and environmental benefits of making that transition a reality.

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Guest Article #114: Climate Finance for Global Impact [viewed]

GEF: US$3 Billion Climate Finance for Global Impact

Climate change is the defining challenge of our time. It is no longer a threat; it is already a reality. Atmospheric greenhouse gas (GHG) concentrations continue to increase at a rapid pace, and will exceed 400 ppm in the very near term.

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TEC Presents Recommendations on Linkages between Technology, Financial Mechanisms of UNFCCC [viewed]

UNFCCC21 October 2014: The UNFCCC Secretariat has published a document containing recommendations of the Technology Executive Committee (TEC) on the linkages between the Technology Mechanism and the Financial Mechanism of the Convention.

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Central African Countries Agree to Regional SE4ALL Vision [viewed]

SE4ALL21 October 2014: Central African countries have come together to back a regional policy on universal energy access and to promote social and economic development under the UN-led Sustainable Energy for All (SE4ALL) initiative. In committing to a SE4ALL Action Agenda, countries will focus on doubling the share of renewables and the rate of energy efficiency improvement, as well as ensuring access to modern energy services for their populations.

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Seychelles Qualifies for World Bank Resilience Financing [viewed]

World Bank15 October 2014: The World Bank announced that Seychelles has become the first African country to gain access to the Bank's contingency financing to help build resilience and better respond to natural disasters, such as cyclones, flooding and landslides. The financing will allow Seychelles to access a reserve of US$7 million in the aftermath of any natural disaster declared an emergency by the government.

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Event: First Bangladesh SE4ALL Investor Forum [viewed]

The World Bank, Asian Development Bank (ADB) and US Department of State have partnered with the Government of Bangladesh to organize the first Bangladesh SE4ALL Investor Forum. The Forum will cover the global status of SE4ALL activities, opportunities for SE4ALL investment in Bangladesh and the current investment climate in the country. Participants will hear remarks from Mohinder Gulati, SE4ALL Chief Operating Officer; Tapos Kumar Roy, Additional Secretary in Bangladesh's Ministry of Power, Energy, and Mineral Resources; US Ambassador Dan Mozena; and high-level World Bank, ADB and German Government officials. The second day of the Forum (by invitation only), will feature presentations by project proponents.  

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