International Financial Institution

December 2014 Climate Finance Update [viewed]

Climate Finance Update19 December 2014: During December 2014, finance for climate change mitigation and adaptation projects was announced by the Asian Development Bank (ADB), the African Development Bank (AfDB), the Global Environment Facility (GEF), the Inter-American Development Bank (IDB) and the World Bank. Germany, Norway and the UK also reported on funding for projects to be undertaken in Africa, Asia and Latin America. The Caribbean Catastrophe Risk Insurance Facility (CCRIF), the Climate Investment Funds (CIF), the GEF and IDB released climate-related publications.

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SE4ALL, Partners Ready for Energy SDG [viewed]

SE4ALLDecember 2014: The Sustainable Energy for All (SE4ALL) initiative and its “global force of partners from all regions and sectors” are poised to implement a global goal on energy under the Post-2015 development agenda, according to Kandeh Yumkella, SE4ALL CEO and Special Representative of the UN Secretary-General.

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African Sustainable Transport Forum Outcome Document Released [viewed]

astf15 December 2014: Following the inaugural conference of the African Sustainable Transport Forum (ASTF), an outcome document has been published that summarizes the ASTF's ministerial session and the ASTF Action Framework. The Framework includes 13 actions and an institutional structure for the ASTF Secretariat. It also presents a roadmap for sustainable transport in Africa, based on a harmonization of priority action areas identified by conference participants.

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IDB Report Highlights Benefits of Green Market Guarantees [viewed]

IDBDecember 2014: The Inter-American Development Bank (IDB) has published a report highlighting the benefits of guarantees for green markets, including by responding to challenges of investing in low-carbon and climate-resilient technologies and activities in Latin America and the Caribbean (LAC). 'Guarantees for Green Markets: Potential and Challenges' underscores the important role that national development banks (NDBs) can play in structuring and funding credit-guarantee schemes for domestic markets, and their unique position and capacities to effectively design, implement and promote green market investments.

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Ethiopia Receives First ClimDev Africa Special Fund Grant [viewed]

AU UNECA AFDB15 December 2014: Ethiopia will receive US$1.1 million from the Climate for Development in Africa (Clim-Dev Africa) Special Fund (CDSF) to strengthen its climate information and early warning systems for climate resilient adaptation and development, making it the first African country to benefit from the CDSF.

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ECLAC, IDB, Peru Study the Economics of Climate Change in Peru [viewed]

eclac-idb10 December 2014: A joint study by the Peruvian Government, the Economic Commission for Latin America and the Caribbean (ECLAC) and the Inter-American Development Bank (IDB) predicts that the fishing, agriculture and livestock in the high Andes sectors will be the most affected by climate change in Peru in the coming years.

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World Bank Explores Climate Change-Poverty Relationship [viewed]

fao-worldbankNovember 2014: The World Bank Group has published a paper that explores the relationship between climate change and poverty by examining the impact of climate change on: poor people's livelihoods and wellbeing; the risk for non-poor people to fall into poverty; and the ability of poor people to escape poverty. The document, titled ‘Climate Change and Poverty: An Analytical Framework,' proposes four “channels” that determine household consumption and through which households may escape from or fall into poverty: prices, assets, productivity and opportunities.

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COP 20 Event Calls for Integrated Climate Risk Management [viewed]

limacop2011 December 2014: Investing now in disaster risk reduction (DRR) and resilience will pay off in the long-run, according to an event convened on the margins of the Lima Climate Change Conference. The event, titled 'Integrated Climate Risk Management (ICRM) for a Resilient World,' highlighted ICRM as an efficient and effective approach to reduce the risk of future losses and damages due to climate change.

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COP 20 Africa Day Highlights African Concerns at Climate Negotiations [viewed]

limacop2010 December 2014: Africa Day at the Lima Climate Change Conference provided a platform and opportunity to critically examine the implications of the post-2015 climate change agreement for the continent and how to enhance the involvement of women and youth in climate change adaptation. The day included a high-level event on 'Africa in a Post-2015 New Climate Change Agreement.'

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FCPF Releases 2014 Annual Report [viewed]

Forest CarbonDecember 2014: The Forest Carbon Partnership Facility (FCPF) has released its 2014 Annual Report, noting that there are now 47 FCPF Country Participants and highlighting the US$830 million raised by the Readiness Fund and Carbon Fund.

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