International Financial Institution

GEF Council Evaluates Reducing Fees, Discusses Private Sector Engagement [viewed]

10 November 2011: During its 41st meeting, the Global Environment Facility (GEF) Council approved its work programme for the next year and initiated the search for a new CEO. The work programme includes 40 project concepts and nine programmatic approaches, including 11 for the biodiversity focal area, eight on climate change, two on international waters, 23 on land degradation, and five on persistent organic pollutants (POPs).

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GEF Council, LDCF and SCCF Approve Projects on Climate Change and Blue Carbon [viewed]

10 November 2011: The Global Environment Facility (GEF) Council, at its 41st Council Meeting, approved decisions on the administration of the GEF as well as a work programme of 40 stand-alone projects and nine programmatic approaches amounting to US$516.40 million, including several climate change and energy-related projects. Projects were also approved within the Special Climate Change Fund (SCCF) and Least Developed Countries Fund (LDCF).

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FCPF Carbon Fund Establishes Technical Panel [viewed]

World Bank11 November 2011: The Forest Carbon Partnership Facility (FCPF), hosted at the World Bank, has established a Technical Advisory Panel for its Carbon Fund and rules of procedure for the Fund's meetings.

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CAF Invests in Clean Energy Fund for Latin America [viewed]

4 November 2011: The Latin American Development Bank (CAF) has announced that it will make a US$10 million equity investment in the Latin America CleanTech Fund II.

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EBRD Joins Global Gas Flaring Reduction Partnership [viewed]

8 November 2011: The European Bank for Reconstruction and Development (EBRD) has joined the World Bank and partners in the Global Gas Flaring Reduction partnership (GGFR) to evaluate the reasons why governments in Azerbaijan, Kazakhstan, the Russian Federation and Turkmenistan are not utilizing associated gas.

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EIB Funds Climate Change Adaptation and Biogas Investments in the UK [viewed]

3 November 2011: The European Investment Bank (EIB) approved a GBP 400 million loan to the UK's United Utilities for climate change and energy efficient water management.

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EBRD and GGRF to Combat Gas Flaring in the Russian Federation and Central Asia [viewed]

8 November 2011: The European Bank for Reconstruction and Development (EBRD) and the World Bank-led Global Gas Flaring Reduction partnership (GGFR) will help governments in Azerbaijan, Kazakhstan, the Russian Federation and Turkmenistan introduce energy efficiency measures and environmental standards in oil and gas operations.

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IFPRI Study Confirms Concerns over Land-use Change Effects of EU Biofuel Policies [viewed]

4 November 2011: A new study by the International Food Policy Research Institute (IFPRI), a centre of the Consultative Group on International Agricultural Research (CGIAR), analyzes the question of indirect land-use change (ILUC) in relation to the EU's Renewable Energy Directive. It finds that ILUC issues are a valid concern, but that the impact depends on the type of feedstock crop used as well as other factors such liberalization of international trade in biofuels.

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CIF Meeting Approves Support to Eight Countries to Address Climate Change [viewed]

4 November 2011: The Climate Investment Funds (CIF) approved US$1.08 billion in near-zero-interest loans and grants to support Bolivia, Honduras, India, Jamaica, Lao PDR, Mali, Mexico and Nepal in their efforts to mitigate and adapt to climate change.

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ADB Supports New Green Businesses in Coral Triangle Communities [viewed]

ADB3 November 2011: The Asian Development Bank (ADB) will assist coastal communities in remote areas of the Coral Triangle of Indonesia and the Philippines in starting small, green businesses that will help preserve threatened marine environments in the area.

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