International Financial Institution

Event: CIF Trust Fund Committee and Sub-Committee Meetings [viewed]

The Climate Investment Funds (CIF) Committee will meet to approve new projects and review implementation of the CIF.  

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WTO Establishes First Dispute Settlement Panel on Renewable Energy Subsidies [viewed]

20 July 2011: The World Trade Organization (WTO) Dispute Settlement Mechanism has established a Panel to arbitrate in the Japan vs. Canada case on measures applied to Canada's renewable energy sector.

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WTO Completes Third Review of Aid for Trade Initiative [viewed]

19 July 2011: The Third Global Review of the Aid for Trade Initiative, organized by the World Trade Organization (WTO), reviewed case stories on the results of the Aid for Trade Initiative in different regions and discussed indicators to measure the impact of the Aid for Trade initiative on economic growth, employment and poverty alleviation, as well as on gender empowerment and environmental sustainability.

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GEF Approves Four REDD+ SFM Projects in New Funding Window for Forests [viewed]

19 July 2011: The Global Environment Facility (GEF) has approvoved the first four projects to access incentive funds available for sustainable forest management (SFM) and REDD+ (reducing emissions from deforestation and forest degradation in developing countries, as well as conservation, sustainable management of forests and enhancement of carbon stock) under the GEF Incentive Mechanism for Forests.

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World Bank Supports Armenia's Renewable Energy Programme [viewed]

World Bank19 July 2011: The World Bank is supporting Armenia in diversifying its energy matrix towards renewable sources, providing financing for small hydropower projects that also benefit from national incentives to supply renewable energy to the national grid.

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World Bank Hosts High-Level Event on Low Emissions Development [viewed]

World Bank13 July 2011: The World Bank invited senior policy makers and opinion leaders from around the world to a High-Level Dialogue on Low Emissions Development Policy Implementation. During the day-long event, speakers identified poverty and climate change are the two defining challenges of this century, warning against the risk of reversing any gains on poverty if climate change is not addressed.

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EBRD and IFC Support Renewable Energy Projects in Romania [viewed]

12 July 2011: In partnership with the International Finance Corporation (IFC), a member of the World Bank Group, the European Bank for Reconstruction and Development (EBRD) is supporting Romania's efforts to increase its renewable energy projects, by financing the operation of  a wind farm and investing in the modernization of the country's oldest hydropower plant.

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EIB Provides Financing Package for Smart Growth in Turkey [viewed]

4 July 2011: The European Investment Bank (EIB) has announced increased support for smart growth in Turkey with a EUR 445 million financing package for climate change and entrepreneurship, in support of the country's rail infrastructure, forest resources management, and small and medium enterprises (SMEs).

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Event: International Carbon Capture and Storage Conference [viewed]

This Conference will asses the global status of Carbon Capture and Storage (CCS) development and ongoing challenges and opportunities and discuss how to promote CCS projects in developing countries. It will also address key challenges and barriers, as well as capture experiences and lessons learned from large-scale CCS projects. Rajendra Pachauri will be the keynote speaker. There will be other distinguished speakers from NDRC, IEA, Global CCS Institute, ADB, and World Bank.  

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AfDB, Denmark Establish Sustainable Energy Fund for Africa [viewed]

15 July 2011: The African Development Bank (AfDB) and the Government of Denmark have entered into a technical cooperation agreement to establish a sustainable energy fund for Africa (SEFA). With a budget of US$57 million, the SEFA's objective is to provide technical capacity building and capital for investment to support sustainable energy provision for small and medium enterprises (SMEs) in Africa over a five-year period.

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