International Financial Institution

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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GEF COP 20 Side Event Highlights Climate Action in Cities [viewed]

limacop2010 December 2014: Cities need to be at the heart of the transformation to a low-carbon economy, according to Naoko Ishii, Chief Executive Officer (CEO) of the Global Environment Facility (GEF). Speaking at an event on 'Sustainable Cities to Address Global Environmental Benefits,' she highlighted the rapid rate of urbanization globally and cities' contribution to energy-related greenhouse gas (GHG) emissions.

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FCPF Highlights Funding Commitments, Stakeholder Participation [viewed]

Forest Carbon11 December 2014: The Forest Carbon Partnership Facility (FCPF) has highlighted the full commitment of the FCPF US$465 million pipeline and the entry of Guatemala, Indonesia and Peru into the Fund.

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IETA, GEF Event Explores Financial Innovations for Low-Carbon Investments [viewed]

limacop209 December 2014: The International Emissions Trading Association (IETA) and the Global Environment Facility (GEF) organized a 'High-Level Dialogue on Public and Private Green Financial Innovations' on the sidelines of the Lima Climate Change Conference. The event brought together public and private sector leaders to discuss how to scale up innovative financial mechanisms for low-carbon investments.

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World Bank and GEF Partner with Colombia for Forest Conservation [viewed]

World Bank - GEF9 December 2014: The World Bank announced the approval of a Global Environment Facility (GEF) funded project to support improved forest governance and sustainable land management in Colombia.

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CIF Pledges Reach US$8.3 Billion [viewed]

CIF8 December 2014: The Climate Investment Funds (CIF) has received approximately US$765 million in funding for its four programmes, bringing total CIF contributions to approximately US$8.3 billion. The additional financing will enable the CIF to expand into more countries and bridge a financing gap faced by some of its programmes.

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Ecuador Preparing National Communication, BUR to UNFCCC [viewed]

Ecuador10 December 2014: Ecuador is preparing its second national communication and its first biennial update report (BUR) to the Conference of the Parties (COP) to the UNFCCC, which will update and enhance information on its national circumstances, greenhouse gas (GHG) inventories, climate change mitigation, vulnerability to climate change and steps taken to adapt to climate change.

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World Bank President Highlights Role of Economic Transformation in Net Zero Emissions [viewed]

Worldbanklogo8 December 2014: In a speech to the Council on Foreign Relations in Washington DC, US, World Bank Group President Jim Yong Kim called on countries to price carbon, eliminate fossil fuel subsidies, create conditions favoring renewable energy and invest in projects that can withstand extreme weather events. He said a 2015 agreement must send signals to investors and financial markets that could help transform economies toward achieving zero net emissions of harmful pollutants before 2100, in order to keep temperature below 2°C. According to Kim, economic policy will be key to achieving this goal.

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