International Financial Institution

World Bank Issues Statement on Adaptation Fund [viewed]

17 August 2010: In response to news articles regarding the Climate Change Adaptation Fund, the World Bank has issued a statement clarifying its functioning.

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Greening the Blue Updates on UN's Sustainability Reporting [viewed]

11 August 2010: In its latest press release, Greening the Blue recounts sustainability reporting by various UN organizations, highlighting the efforts of UN agencies to communicate how they  incorporate climate change into their core work.

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Event: Workshop on Improving the Regional Distribution of CDM Projects in Asia and the Pacific [viewed]

This workshop is organized by the Asian Development Bank (ADB), in collaboration with the Institute for Global Environmental Strategies (IGES) and the UN Framework Convention on Climate Change (UNFCCC) Secretariat. It aims to increase the number of Clean Development Mechanism (CDM) projects in countries currently hosting fewer than ten registered CDM projects. The workshop will provide participants with the opportunity to enhance their knowledge on recent developments on CDM modalities, identifying and overcoming barriers for the promotion of CDM projects in their countries and related technical, financial and policy issues. The workshop also offers one-on-one discussion with the ADB team of experts to discuss project structuring and options to move forward. The workshop is a first of a series targeting participation from seven countries with less than ten registered CDM projects, namely: Bangladesh, Bhutan, Cambodia, Lao PDR, Mongolia, Nepal and Sri Lanka.  

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World Bank and GEF Fund Adaptation Efforts in Kiribati [viewed]

10 August 2010: The World Bank and the Global Environment Facility (GEF) are supporting the Government of Kiribati in adapting to climate change through planning efforts to reduce the country's vulnerability to climate change, climate variability and sea level rise.

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Event: Least Developed Countries Training Workshop on Implementing National Adaptation Programmes of Action (NAPAs) [viewed]

This is the fourth of a series of five training workshops organized by the Least Developed Countries Group (LEG) in collaboration with the Global Environment Facility (GEF) and its agencies. The workshop is targeting Lusophone LDCs and one recently graduated Lusophone LDCs, comprising in total five parties to the UNFCCC. The workshop and materials will be entirely in Portuguese. The training aims to: provide technical support to Least Developed Country (LDC) teams in the design of an implementation strategy for the NAPAs, and to build capacity of these teams in the preparation and submission of project documents to the GEF under the LDF Fund (LDCF); and, where needed, to provide technical support to those LDC parties that are still preparing their NAPAs.  

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World Bank Supports Climate Risk Preparedness in Moldova [viewed]

5 August 2010: The World Bank approved a US$10 million project to manage climate and disaster risks in Moldova, through strengthening the State Hydrometeorological Service's ability to forecast severe weather and improving Moldova's capacity to prepare for, and respond to, natural disasters.

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World Bank Releases Energy Outlook in Eastern Europe and Central Asia [viewed]

August 2010: The World Bank has released a report on the energy outlook in Eastern Europe and Central Asia region, warning that following the recent economic downturn, the energy demands of this region will again require strong investment in new energy sources, raising environmental and carbon footprint concerns.

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Pacific Islands Forum Communiqué Addresses Climate Change [viewed]

5 August 2010: The 41st meeting of the Pacific Islands Forum, which took place in Port Vila, Vanuatu, from 4-5 August 2010, concluded with the issuance of a Communiqué, which contains a section on climate change.

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IDB Supports Private Bank's Green Portfolio [viewed]

3 August 2010: The Inter-American Development Bank (IDB) approved a US$30 million loan to Banco de Galicia y Buenos Aires to create an innovative sustainable facility to scale up private sector financing for projects in the areas of renewable energy, energy efficiency and agriculture, among others.

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World Bank Launches Economics of Adaptation to Climate Change Synthesis Report [viewed]

3 August 2010: The World Bank has released the Synthesis Report of the study titled "The Economics of Adaptation to Climate Change," which estimates the costs of adaptation between US$70-100 billion per year between now and 2050.

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