International Financial Institution

Report of the 15th Adaptation Fund Board Meeting Released [viewed]

Adaptation Fund14 November 2011: The Adaptation Fund has released the report of the 15th meeting of the Adaptation Fund Board (AFB), which was held from 15-16 September 2011, in Bonn, Germany. At the meeting, the AFB discussed issues related to accreditation of Regional Implementing Entities (RIE) and National Implementing Entities (NIE), as well as the application of a cap on funding for projects proposed by Multilateral Implementing Entities (MIE). 

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Central Asian Experts Identify Challenges to Adaptation in Mountain Regions [viewed]

14 November 2011: Experts from Azerbaijan, Iran, Kyrgyzstan, Nepal, Mongolia and Tajikistan recently convened to explore how best to address evidence of climate change impacts on mountain regions in international discussions. Delegates noted the importance of Tajikistan as a source of water for Central Asia, China and the Russian Republic, with 8,000 glaciers and extensive high altitude lakes. 

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ADB Approves US$100 Million for Low Carbon Growth, Climate Resilience in Indonesia [viewed]

ADB10 November 2011: The Asian Development Bank (ADB) has approved a US$100 million loan to support the Low Carbon and Resilient Development Program in Indonesia, which the Government has pledged to use towards cutting greenhouse gas (GHG) emissions by 26 percent over business-as-usual by 2020. 

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GEF Council Evaluates Reducing Fees, Discusses Private Sector Engagement [viewed]

10 November 2011: During its 41st meeting, the Global Environment Facility (GEF) Council approved its work programme for the next year and initiated the search for a new CEO. The work programme includes 40 project concepts and nine programmatic approaches, including 11 for the biodiversity focal area, eight on climate change, two on international waters, 23 on land degradation, and five on persistent organic pollutants (POPs).

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GEF Council, LDCF and SCCF Approve Projects on Climate Change and Blue Carbon [viewed]

10 November 2011: The Global Environment Facility (GEF) Council, at its 41st Council Meeting, approved decisions on the administration of the GEF as well as a work programme of 40 stand-alone projects and nine programmatic approaches amounting to US$516.40 million, including several climate change and energy-related projects. Projects were also approved within the Special Climate Change Fund (SCCF) and Least Developed Countries Fund (LDCF).

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FCPF Carbon Fund Establishes Technical Panel [viewed]

World Bank11 November 2011: The Forest Carbon Partnership Facility (FCPF), hosted at the World Bank, has established a Technical Advisory Panel for its Carbon Fund and rules of procedure for the Fund's meetings.

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CAF Invests in Clean Energy Fund for Latin America [viewed]

4 November 2011: The Latin American Development Bank (CAF) has announced that it will make a US$10 million equity investment in the Latin America CleanTech Fund II.

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EBRD Joins Global Gas Flaring Reduction Partnership [viewed]

8 November 2011: The European Bank for Reconstruction and Development (EBRD) has joined the World Bank and partners in the Global Gas Flaring Reduction partnership (GGFR) to evaluate the reasons why governments in Azerbaijan, Kazakhstan, the Russian Federation and Turkmenistan are not utilizing associated gas.

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EIB Funds Climate Change Adaptation and Biogas Investments in the UK [viewed]

3 November 2011: The European Investment Bank (EIB) approved a GBP 400 million loan to the UK's United Utilities for climate change and energy efficient water management.

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EBRD and GGRF to Combat Gas Flaring in the Russian Federation and Central Asia [viewed]

8 November 2011: The European Bank for Reconstruction and Development (EBRD) and the World Bank-led Global Gas Flaring Reduction partnership (GGFR) will help governments in Azerbaijan, Kazakhstan, the Russian Federation and Turkmenistan introduce energy efficiency measures and environmental standards in oil and gas operations.

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