International Financial Institution

Event: 40th GEF Council Meeting [viewed]

The GEF Council functions as the main governing body of the GEF. Its 32 members meet twice a year, with each representing a group of countries (‘constituency') including both donors and recipients of GEF funding. GEF funding is channeled to several focal areas, namely: biological diversity, climate change, international waters, land degradation, ozone layer depletion and persistent organic pollutants.  

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Event: Third Africa Carbon Forum [viewed]

The Africa Carbon Forum is a trade fair and knowledge sharing platform for carbon investments in Africa. The third Africa Carbon Forum is being organized by the UNFCCC, the UN Environment Programme (UNEP), the UNEP Risoe Centre, the International Emissions Trading Association (IETA), the UN Institute for Training and Research (UNITAR), the UN Conference on Trade and Development (UNCTAD), the World Bank and the African Development Bank (AfDB). It is intended to bring together representatives from Designated National Authorities (DNA), national focal points, representatives from several UN agencies, governments and the private sector, and will include matchmaking and deal facilitation sessions that will allow potential CDM project developers to showcase their projects to interested parties, including investors and carbon buyers.  

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World Bank, IDB Propose Regional Agenda on Water and Climate Change for LAC [viewed]

3 December 2010: The elements for a regional agenda on water and climate change for Latin America and the Caribbean (LAC) were presented at a Dialogue for Water and Climate Change (D4WCC) side event held during the 16th session of the Conference of the Parties to the UNFCCC (COP 16), in Cancun, Mexico.  

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CIF Annual Report Presented during Cancun Climate Change Conference [viewed]

8 December 2010: The Climate Investment Funds (CIF) Annual Report 2010, presented during the Cancun Climate Change Conference, presents projects that have taken place in more than 40 developing countries with the support of the US$6 billion Climate Investment Funds.

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World Bank Announces Roadmap for Action on Agriculture, Food Security and Climate Change [viewed]

9 December 2010: The World Bank, together with a group of global leaders and policy makers, announced a new initiative aimed to ensure agriculture plays a key role in the architecture of climate finance at the Cancun Climate Change Conference in Mexico.

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World Bank Launches Partnership for Market Readiness [viewed]

8 December 2010: World Bank Group President Robert Zoellick announced the establishment of the Partnership for Market Readiness at an event on the sidelines of the Cancun Climate Change Conference. This initiative will create a platform for sharing experience, fostering new and innovative carbon market instruments, harnessing financial flows, and building market readiness capacity for countries to scale up their climate change mitigation efforts.

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World Bank President Announces Wildlife Premium Market Initiative [viewed]

8 December 2010: World Bank President Robert Zoellick announced a Wildlife Premium Market Initiative, which will provide additional incentives to protect endangered animals as part of financing for REDD+ (reducing emissions from deforestation and forest degradation in developing countries, and the role of conservation, sustainable use of forests and enhancement of carbon stocks).

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UNDP SGP Highlights Climate Resilience Project in Mexico [viewed]

4 December 2010: On the occasion of the Cancun Climate Change Conference, the Global Environment Facility Small Grants Programme (GEF SGP), the Bureau for Crisis Prevention and Recovery of the UN Development Programme (UNDP), and Mexico's National Commission of Protected Areas organized a site visit to a community-based project in the protected area of Yum Balam, which is helping a Mayan indigenous community increase its resilience to climate change.

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World Bank Publishes Report on Cities and Climate Change [viewed]

3 December 2010: The World Bank has published a report on “Cities and Climate Change: An Urgent Agenda” discussing the link between climate change and cities, and explaining why cities should be concerned about climate change and adopt early preventative policies.

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ECLAC Releases Study on the Economics of Climate Change in Latin America and the Caribbean [viewed]

8 December 2010: The UN Economic Commission for Latin America and the Caribbean (ECLAC) has released a report titled “Economics of Climate Change in Latin America and the Caribbean,” which estimates losses of around 1% of annual GDP in the region's countries between 2010 and 2100 unless a global consensus is reached on mitigation actions.

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