International Financial Institution

World Bank and CTF Support Wind Power in Egypt [viewed]

15 June 2010: The World Bank approved a US$220 million loan to support wind power development in Egypt, of which US$150 million is to be financed from the Clean Technology Fund (CTF).

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World Bank Gas Flaring Reduction Partnership Incorporates Technology Provider [viewed]

15 June 2010: The World Bank-led Global Gas Flaring Reduction partnership (GGFR) incorporated Finland's Wärtsilä, a technology provider, as the first associated partner to join the global effort to reduce the flaring or burning of natural gas associated to oil production.

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World Bank Supports Turkey's National Climate Change Strategy [viewed]

15 June 2010: The World Bank approved a US$700 million equivalent loan to promote private sector clean technology investments and operations and integrate principles of environmental sustainability, including climate change considerations in key sectoral policies and programmes in Turkey.

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UNDP and Turkmenistan Support Adaptation in Caspian Area [viewed]

4 June 2010: The UN Development Programme (UNDP) and the Hazar Nature Reserve, located on the Caspian Sea Coast of Turkmenistan, are developing adaptive approaches to promote the conservation of biodiversity in the reserve. The project, implemented in collaboration with the Global Environment Facility (GEF) and the Ministry of Nature Protection of Turkmenistan, aims to predict and map the effects of climate change, including rapid change of the shoreline, the emergence of new islands, the disappearance of existing landscapes, and biodiversity loss.

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EIB, European Commission to Explore Joint Climate Finance [viewed]

14 June 2010: European Climate Action Commissioner Connie Hedegaard and European Investment Bank (EIB) President Philippe Maystadt have agreed to explore a joint climate finance initiative for developing countries, combining European Commission and member States' grants with financing from the EIB and other European financial institutions to meet adaptation and mitigation challenges.

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UNEP, GEF Launch Initiative to Green World Cup [viewed]

8 June 2010: The UN Environment Programme (UNEP), the Global Environment Facility (GEF) and the South African Department of Environmental Affairs (DEA) have announced an initiative to green the World Cup and assist in reducing carbon emissions.

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World Bank Finances Water Sector Adaptation in Mexico [viewed]

10 June 2010: The World Bank approved a US$450 million loan to promote Mexico's water sector adaptation efforts.

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EIB Finances World's Largest Offshore Wind Farm [viewed]

10 June 2010: The European Investment Bank (EIB) has signed a GBP 250 million loan to DONG Energy, for the construction of the London Array, expected to be the world's largest offshore wind farm.

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FAO-Backed Bangladeshi Radio Assists Agriculture, Fisheries and Livestock Sectors [viewed]

8 June 2010: The UN Food and Agriculture Organization (FAO) and the Bangladeshi Ministry of Agriculture have set up a radio station run by and for people living in remote parts of Bangladesh, to broadcast  information to support those working in the agriculture, fisheries and livestock sectors.

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CIF Announces Business Guide to the Climate Investment Funds [viewed]

June 2010: The Climate Investment Funds (CIF) have reported that the World Business Council for Sustainable Development (WBCSD) and Climate First have published online a "Business Guide to the Climate Investment Funds," which describes the different funding windows, as well as the role, structure and current status of the CIF.

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