International Financial Institution

World Bank Hosts High-Level Event on Low Emissions Development [viewed]

World Bank13 July 2011: The World Bank invited senior policy makers and opinion leaders from around the world to a High-Level Dialogue on Low Emissions Development Policy Implementation. During the day-long event, speakers identified poverty and climate change are the two defining challenges of this century, warning against the risk of reversing any gains on poverty if climate change is not addressed.

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EBRD and IFC Support Renewable Energy Projects in Romania [viewed]

12 July 2011: In partnership with the International Finance Corporation (IFC), a member of the World Bank Group, the European Bank for Reconstruction and Development (EBRD) is supporting Romania's efforts to increase its renewable energy projects, by financing the operation of  a wind farm and investing in the modernization of the country's oldest hydropower plant.

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EIB Provides Financing Package for Smart Growth in Turkey [viewed]

4 July 2011: The European Investment Bank (EIB) has announced increased support for smart growth in Turkey with a EUR 445 million financing package for climate change and entrepreneurship, in support of the country's rail infrastructure, forest resources management, and small and medium enterprises (SMEs).

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Event: International Carbon Capture and Storage Conference [viewed]

This Conference will asses the global status of Carbon Capture and Storage (CCS) development and ongoing challenges and opportunities and discuss how to promote CCS projects in developing countries. It will also address key challenges and barriers, as well as capture experiences and lessons learned from large-scale CCS projects. Rajendra Pachauri will be the keynote speaker. There will be other distinguished speakers from NDRC, IEA, Global CCS Institute, ADB, and World Bank.  

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AfDB, Denmark Establish Sustainable Energy Fund for Africa [viewed]

15 July 2011: The African Development Bank (AfDB) and the Government of Denmark have entered into a technical cooperation agreement to establish a sustainable energy fund for Africa (SEFA). With a budget of US$57 million, the SEFA's objective is to provide technical capacity building and capital for investment to support sustainable energy provision for small and medium enterprises (SMEs) in Africa over a five-year period.

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World Bank's Biocarbon Fund and Partners Develop REDD Methodology [viewed]

World Bank14 July 2011: The World Bank's BioCarbon Fund, the Brazilian NGO Fundação Amazonas Sustentável (FAS), with the technical support of Carbon Decision International (CDI), the Institute for Conservation and the Sustainable Development of Amazonas (Idesam), and with financial support from Marriott International, have jointly developed a methodology to allow projects in the voluntary market to calculate avoided emissions by reducing deforestation either on the edge (“frontier”) of large cleared areas, like agricultural zones, or in a patchwork (“mosaic”) within standing forests.

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IDB Finances Wind Power Farms in the Dominican Republic [viewed]

IDB13 July 2011: The Inter-American Development Bank (IDB) is promoting wind power energy in the Dominican Republic, through loans for a total of US$78.3 million for the construction of two wind farms that will add 80.6 megawatts to, and diversify, the national energy matrix.

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ADB Supports Biomass Waste Project for Clean Energy [viewed]

11 July 2011: The Asian Development Bank (ADB) Board of Directors has approved a project for regional technical assistance that will assist the Greater Mekong Subregion to increase the efficient use of biomass waste in agriculture to meet the need for clean energy and food security of poor rural communities.

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WTO CTE Considers Carbon Border Adjustments and Carbon Footprint Schemes [viewed]

7 July 2011: The World Trade Organization's (WTO) Committee on Trade and Environment (CTE) met on 6 July 2011 to continue considering the consistency of carbon footprint schemes on international trade rules, as well as a proposal by Singapore related to carbon-related border tax adjustments (WT/CTE/W/248).

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World Bank Building Earns LEED Gold Certification [viewed]

World Bank6 July 2011: Two World Bank Washington office buildings have earned the Leadership in Energy and Environmental Design (LEED) Gold Certification from the US Green Building Council, as a result of the implementation of green activities aimed at reducing its energy use and carrying out awareness raising campaigns.

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