International Financial Institution

World Bank Highlights Poverty Reduction Benefits of Climate-Smart Development [viewed]

World Bank8 November 2015: In advance of the Paris Climate Change Conference, the World Bank has published a report, titled 'Shock Waves: Managing the Impacts of Climate Change on Poverty,' which finds that poverty reduction and the fight against climate change can be more effectively achieved if addressed in tandem. It indicates that climate change poses “an acute threat” to poorer people, and has the potential to push more than 100 million people back into poverty by 2030, mostly in Sub-Saharan Africa and South Asia.

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Global Joint REDD+ Knowledge Exchange Day Shares Lessons and Challenges [viewed]

unredd-fcpf8 November 2015: The Forest Carbon Partnership Facility (FCPF) and the UN Programme on Reducing Emissions from Deforestation and Forest Degradation (UN-REDD) hosted the 2015 Global Joint (REDD+) Exchange Day on 8 November 2015, in San José, Costa Rica. The event was designed as a country-led South-South knowledge exchange opportunity, and was webcasted live.

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GCF Board Approves First Projects [viewed]

green-climate-fund-new6 November 2015: The Green Climate Fund (GCF) is set to fund its first projects after the Board approved eight proposals at its 11th meeting (GCFB 11). The approved funding, which is contingent on fulfillment of specified conditions for seven of the projects, totals US$168 million. At the meeting, the Board also adopted an initial monitoring and accountability framework for accredited entities, a process to develop a strategic plan, a decision on the readiness programme and an updated set of administrative guidelines on procurement.

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PA13 Hears Partner Updates, PMR Publishes Report on Carbon Leakage [viewed]

pmr30 October 2015: The 13th meeting of the Partnership Assembly (PA13) of the Partnership for Market Readiness (PMR) and accompanying workshops received updates on mitigation initiatives from around the world, including energy policy developments in Chile, the status of China's carbon market developments, the Norwegian Carbon Credit Procurement Program, and climate mitigation initiatives in Sri Lanka. PA13 also received updates from the UNFCCC on progress towards Paris and from the World Bank on its Carbon Pricing Initiatives and Transformative Carbon Asset Facility.

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World Cities Day Highlights Role of Good Urban Design [viewed]

worldcitiesday31 October 2015: The UN marked World Cities Day under the theme, ‘Better City, Better Life,' with global celebrations at the Expo 2015 Milano in Milan, Italy and around the world. The Day aims to raise awareness of sustainable urbanization, including on Sustainable Development Goal (SDG) 11 on inclusive, safe, resilient and sustainable cities.

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CCDA-V Delegates Consider Progress on UNFCCC Objectives, Africa's Role [viewed]

ccda-v30 October 2015: The 5th Conference on Climate Change and Development in Africa (CCDA-V) concluded with delegates stressing that developing homegrown climate information and policy frameworks will be important for responding to Africa's needs and strengthening governance practices, and that domestic resource mobilization is necessary to scale up proven green development strategies and innovations.

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CEM Predicts Huge Growth in Off-Grid Appliance Market [viewed]

Clean Energy Ministerial29 October 2015: According to the Clean Energy Ministerial (CEM), the global market for off-grid appliances is expected to experience “rapid, significant growth," with consumer spending on off-grid fans, televisions and refrigerators increasing from US$525 million in 2015 to a possible US$4.7 billion in 2020. The research also highlights challenges that must be overcome in order for the market's potential to be fully realized, in regard to energy efficiency, finance, tariffs and taxes, distribution, consumer awareness and customer service.

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FCPF Carbon Fund Thirteenth Meeting Selects Seven ER-PINs [viewed]

Forest Carbon21 October 2015: Held from 13-16 October 2015 in Brussels, Belgium, the 13th meeting of the Carbon Fund, organized under the World Bank's Forest Carbon Partnership Facility (FCPF), approved seven Emission Reductions Program Idea Notes (ER-PINs) for potential selection into the Carbon Fund pipeline.

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Niger Basin Countries Adopt Climate Resilience Investment Plan [viewed]

wb_bassinniger27 October 2015: The countries of the Niger Basin have jointly developed a Climate Resilience Investment Plan (CRIP) that outlines 246 priority actions for building climate resilience. The nine member States of the Niger Basin Authority (NBA), Benin, Burkina Faso, Cameroon, Chad, Côte d'Ivoire, Guinea, Mali, Niger and Nigeria, collaborated on the Plan and pledged to advocate for technical and financial support to implement its priority actions.

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October 2015 Climate Finance Update [viewed]

adb_afdb_eib_ebdr_idb_cbd_wb_gcf_pmr_af_ifad_unepdtu_unfccc_un2 November 2015: During the month of October, the Asian Development Bank (ADB), the African Development Bank (AfDB), the European Investment Bank (EIB), the European Bank for Reconstruction and Development (EBRD), the Inter-American Development Bank (IDB), the Caribbean Development Bank (CDB), the World Bank, the Green Climate Fund (GCF), the Adaptation Fund and others reported on funding, project news and other climate-related finance developments. Multilateral development banks, environmental funds and UN entities also released studies, newsletters and reports on, inter alia, food security, access to finance, green bonds, black carbon and private sector climate finance.

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