International Financial Institution

December 2015 Climate Finance Update [viewed]

December 2015 Climate Finance Update21 December 2015: During the month of December, the Asian Development Bank (ADB), the African Development Bank (AfDB), the European Bank for Reconstruction and Development (EBRD), the World Bank, the Green Climate Fund (GCF), the Adaptation Fund and the Secretariat of the UN Framework Convention on Climate Change (UNFCCC), among others, reported on new financing pledges and other climate finance news. Multilateral Development Banks (MDBs), climate funds and UN initiatives launched studies, reports and briefs on, inter alia, climate risks and resilience, and adaptation finance. A large number of climate finance-related side events were held during the UN Paris Climate Change Conference in December 2015.

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WTO Reports Progress on Environmental Goods Agreement [viewed]

World Trade Organization (WTO)14 December 2015: The World Trade Organization (WTO) has achieved "considerable progress and a high degree of convergence" toward an environmental goods agreements (EGA) to lower trade barriers on environmental goods, according to the chair of the negotiations, Andrew Robb of Australia. The EGA would contribute to achieving the Sustainable Development Goals (SDGs) and the Paris Agreement on Climate Change, Robb notes.

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UNIDO, GEF Provide Mitigation Training to CIS Experts [viewed]

GEF UNIDO7 December 2015: The UN Industrial Development Organization (UNIDO) has organized a workshop to train experts from the Commonwealth of Independent States (CIS) to develop programmes for climate-change mitigation. Approximately 40 participants from Armenia, Belarus, Kazakhstan, Kyrgyzstan, the Russian Federation and Ukraine received training in building programmes to reduce greenhouse gas (GHG) emissions and to promote the uptake of clean technologies and other mitigation actions.

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Event: 2016 Annual Meetings of the Inter-American Development Bank and Inter-American Investment Corporation [viewed]

The 57th Annual Meeting of the Board of Governors of the Inter-American Development Bank (IDB) and the 31st Annual Meeting of the Board of Governors of the Inter-American Investment Corporation (IIC) is intended to provide a forum for discussion among the institution's Governors, including finance ministers and central bank presidents, and representatives of multilateral financial institutions, development agencies and private banks. A series of seminars will take place prior to the opening of the meeting. In addition to meetings of the Boards of Governors, the meeting will include sessions on, inter alia: the private sector as an engine of growth for Latin America and the Caribbean (LAC); strengthening financing for the private sector to promote growth; consolidating LAC's participation in global value chains; the Caribbean's energy challenge; protecting productive ecosystems, including the coasts and the ocean, through an integrated approach; a “Blue Urban Agenda”; and the Road to Habitat III. The annual meetings take place in late March or early April each year.  

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Guide Offers Green Bonds Toolbox [viewed]

scaling_up_green_bond9 December 2015: The Climate Bonds Initiative and the UN Environment Programme (UNEP) launched a guide for public sector decision makers on scaling up green bond markets for climate change mitigation and other objectives of sustainable development. The guide aims to accelerate the growth of the green bond market to achieve the US$6.2 trillion of annual investment estimated necessary to build the infrastructure of low-carbon economies around the world.

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NEPAD with Partners Launch African Resilient Landscapes Initiative [viewed]

nepad_wb_wri6 December 2015: Launched at the 2015 Global Landscapes Forum in Paris, France, by the African Union New Partnership for Africa's Development (NEPAD), the African Resilient Landscapes Initiative will be implemented in partnership with the World Bank and World Resources Institute (WRI) through forest and ecosystem restoration, biodiversity conservation, climate-smart agriculture, and rangeland management.

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Coalition of Financial Institutions Sign Five Principles for Mainstreaming Climate Action [viewed]

finantial_institutions7 December 2015: A coalition of 26 financial institutions has signed on to five voluntary principles, titled ‘Mainstreaming Climate Action Within Financial Institutions,' pledging to scale up their efforts to address climate change and to continue to integrate climate considerations into their investments and advisory functions. The principles outline how financial institutions can: commit to climate strategies; manage climate risks; promote climate smart objectives; improve climate performance; and account for climate action.

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Zero Routine Flaring Initiative Receives 20 New Endorsements [viewed]

world_bank_new7 December 2015: The World Bank's Zero Routine Flaring by 2030 Initiative, which encourages oil companies to seek solutions to eliminate the need for flaring by 2030, has received 20 additional endorsements by governments, oil companies and development institutions, bringing the total number to 45 backers, representing more than 40% of global flaring.

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GGGI Launches Inclusive Green Growth Partnership [viewed]

Global Green Growth Institute (GGGI) 7 December 2015: The Global Green Growth Institute (GGGI), in collaboration with multilateral development banks (MDBs) and UN regional, economic and social commissions, has launched the 'Inclusive Green Growth Partnership' to support finance for green growth projects that promote inclusiveness, shared prosperity and equitable growth in emerging economies.

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ADB Brief Highlights Southeast Asia's Mitigation Potential and Climate Vulnerability [viewed]

ADB7 December 2015: In a briefing paper, the Asian Development Bank (ADB) estimates that the impacts of climate change could reduce gross domestic product (GDP) in Southeast Asia by up to 11% by the year 2100 if no action is taken, and highlights the potential for countries to limit their greenhouse gas (GHG) emissions, especially by avoiding deforestation.

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