International Financial Institution

Report on Measuring Energy Access for Sustainable Development Released [viewed]

7 June 2010: Columbia University's Earth Institute has released a paper titled “Measuring Energy Access: Supporting a Global Target.” The paper was co-authored by various UN agencies, the International Energy Agency (IEA), and the World Bank, among others.

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G-20 Continues Discussion of Fossil Fuel Subsidies [viewed]

5 June 2010: The Meeting of Finance Ministers of major advanced and emerging economies and Central Bank Governors (G-20), which convened in Busan, Republic of Korea, on 5 June 2010, welcomed the strategies and timetables provided by many G-20 members for rationalizing and phasing out inefficient fossil fuel subsidies that encourage wasteful consumption.

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World Bank Approves Financing for Chillers Replacement [viewed]

3 June 2010: The World Bank approved a bundle of financial instruments for a project called the “Chillers Energy Efficiency Project,” which will replace around 375 chillers in the Philippines with more climate-friendly technologies.

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World Bank Responds to Civil Society on Financing Fossil Fuels and Adaptation [viewed]

27 May 2010: Kseniya Lvovsky, the World Bank's Climate Change Team Manager, responded online to questions by civil society on the World Bank's strategy for climate change, including on the Bank's approach to fossil fuel financing and the availability of funds for adaptation.

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World Bank Finances Green Energy in Kenya [viewed]

27 May 2010: The World Bank has approved a US$330 million loan for Kenya to expand electricity access and expand geothermal power generation as part of its green energy development strategy.

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World Bank Approves First Climate Change Development Policy Loan [viewed]

25 May 2010: The World Bank approved its first development policy loan dedicated to climate change mitigation and adaptation, in Indonesia.

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World Bank Publishes Climate, Finance and Development Briefs [viewed]

May 2010: The World Bank has published the first in a series of Issue Briefs on the topics of Climate, Finance and Development, addressing how to monitor official development assistance (ODA) flows for climate finance and how to enhance the effectiveness of public finance for climate action.

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Event: Seventh African Development Forum on Climate Change and Development [viewed]

The Seventh African Development Forum (ADF VII) on Climate Change and Development is being convened by the UN Economic Commission for Africa (UNECA), the African Union Commission (AUC) and the African Development Bank (AfDB). The overall objective of the Forum is to raise awareness and mobilize effective commitment and actions on the part of all stakeholders and partners at all levels to effectively mainstream climate change concerns into development policies, strategies, programmes and practices in Africa. The Forum also aims to strengthen Africa's participation in international climate change negotiations with a view to ensuring adequate reflection of the continent's concerns and priorities in a post-2012 international climate change regime.  

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Fourth GEF Assembly Reviews GEF Policies and Operations [viewed]

28 May 2010: The fourth Assembly of the Global Environment Facility (GEF) was held in Punta del Este, Uruguay, on 25-26 May 2010. The Assembly was preceded by a Civil Society Forum and a GEF Council meeting, which  took place at the same venue.

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World Bank and GEF Support Agriculture Adaptation in Yemen [viewed]

27 May 2010: The World Bank has approved a US$5 million project to support efforts by the Government of Yemen to enhance capacity and awareness for government agencies to respond to climate variability and change, and to better equip local communities to cope with climate change through the conservation and use of agro-biodiversity.

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