International Financial Institution

EIB and Others Promote Creation of Mediterranean Carbon Fund [viewed]

17 June 2010: The European Investment Bank (EIB) together with CDC Climat, the French Development Agency (AFD), PROPARCO, the Cassa depositi e prestiti (CDP) and KfW Bankengruppe, the German promotional bank, have joined forces to study and promote the creation of a Mediterranean Carbon Fund (MCF).

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IDB Supports Mexican Carbon Dioxide Certification System [viewed]

9 June 2010: The Inter-American Development Bank (IDB) approved a project to develop capabilities for carbon dioxide emissions certification in Mexico.

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World Bank Outlines Brazil's Opportunities for Low-Carbon Growth [viewed]

17 June 2010: The World Bank has released a study titled "Brazil Low-Carbon Country Case Study," which finds that this country could reduce its gross greenhouse gas (GHG)  emissions by up to 37% between 2010 and 2030, while maintaining the development goals set out by the government for that period, and without negatively affecting growth or jobs.

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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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