International Financial Institution

Rainforest Basins Summit Calls for South-South Cooperation [viewed]

3 June 2011: The Summit of the Heads of State and Government of the Three Rainforest Basins, namely the Amazon, Congo, and Borneo-Mekong basins, took place in Brazzaville, Congo, from 27 May-3 June 2011, to establish new ways to increase technical cooperation on forest matters, and adopted a joint statement on tropical forests, climate and sustainable development.

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World Bank Supports Design of Carbon Market Instruments in Eight Developing Countries [viewed]

1 June 2011: The World Bank announced that eight developing countries will receive an initial grant of US$350,000 to support the design, pilot and implementation of market-based instruments for greenhouse gas (GHG) mitigation.

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World Bank Partners with C40 Cities Climate Leadership Group [viewed]

1 June 2011: The World Bank and the C40 Cities Climate Leadership Group (C40), a group of large cities committed to addressing climate change, have partnered to accelerate current action by cities aimed at reducing greenhouse gas (GHG) emissions and improving their resilience to climate change.

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World Bank, GEF Fund Adaptation in Sao Tome and Principe [viewed]

31 May 2011: The World Bank Board has approved a Global Environment Facility (GEF) grant of US$4.1 million to support São Tomé and Principe in increasing its adaptive capacity to the adverse impacts of climate variability and change.

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World Bank Launches Report on State and Trends of the Carbon Market 2011 [viewed]

1 June 2011: During the Carbon Expo taking place in Barcelona, Spain, the World Bank released the 2011 edition of its State and Trends of the Carbon Market Report, which indicates a slight decline in carbon markets compared to 2009.

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UNDP, GEF Launch Sustainable Forest Management Project in Cambodia [viewed]

30 May 2011: The UN Development Programme (UNDP) and the Global Environment Facility (GEF) launched a sustainable forest management project in Cambodia, which aims to promote forest conservation, benefit the rural poor, and contribute to climate change mitigation.

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World Bank Supports Improved Capacity in Hydropower Plant in Indonesia [viewed]

27 May 2011: The World Bank approved a US$640 million loan to build a pumped storage system in Indonesia's Upper Cisokan Pumped Storage Hydropower project, to allow the power plant to supply electricity in peak season.

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GEF Council Approves Programme that Includes Great Green Wall Initiative [viewed]

26 May 2011: The 40th meeting of the Global Environment Facility (GEF) Council, together with the tenth meeting of the Council of the Least Developed Country Fund (LDCF) and Special Climate Change Fund (SCCF), has approved an integrated land-use programme to fund investments to address priorities set by 12 African countries in West Africa and the Sahel.

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IDB Invests in Solar Energy in Brazil [viewed]

26 May 2011: The Inter-American Development (IDB) is supporting a solar project in Tauá, in Northeast Brazil, that will be the first ever large scale power generation project to connect a photovoltaic (PV) system into the national interconnected system in Brazil.

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GEF Council Adopts Decision to Broaden GEF Partnership, New Funds Pledged [viewed]

26 May 2011: The 40th meeting of the Global Environment Facility (GEF) Council has adopted a decision on broadening the GEF Partnership under Paragraph 28 of the GEF Instrument, which establishes criteria and accreditation procedures for allowing new entities into the Partnership during a pilot phase.

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