International Financial Institution

January 2014 Water Finance Update [viewed]

World Bank AFDB21 January 2014: The World Bank, the Global Environment Facility (GEF) and the African Development Bank (AfDB) made a number of investments in the water and sanitation sector in January 2014, including in Albania, Bangladesh, Ghana, India, Madagascar, the Russian Federation, Togo and Viet Nam, for projects aimed at improving basic urban services, providing rural access to water supply and sanitation, expanding hydromet systems to monitor hydrological information, and improve the climate resilience of irrigated agriculture and water supply and sanitation services, among others.

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EIB, Masdar to Fast-Track Clean Energy Investment [viewed]

masdar-eib20 January 2014: The European Investment Bank (EIB) and Masdar, Abu Dhabi's renewable energy company, have signed a framework agreement to support joint investment opportunities for developing and financing clean energy projects in North Africa and the Middle East.

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World Bank Launches 'Thirsty Energy' Initiative [viewed]

Thirsty-Energy21 January 2014: The World Bank has launched the 'Thirsty Energy' initiative in response to interlinked water and energy challenges, including growing competition for energy and water resources by an expanding global population, and increasing uncertainty caused by climate change.

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World Bank Paper Outlines Options for Low-Carbon Urban Investment in Shanghai [viewed]

World Bank21 January 2014: The World Bank has announced a paper that presents innovative bottom-up approaches to help cities set low-carbon targets and identify cost-effective, low-carbon investments for meeting these targets. The methodology presented in the study, titled 'Applying Abatement Cost Curve Methodology for Low-Carbon Strategy in Changning District, Shanghai,' is designed to be replicable in cities elsewhere in China and around the world.

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Event: WCRP Conference for Latin America and the Caribbean: Developing, Linking and Applying Climate Knowledge [viewed]

This conference is being co-organized by the World Climate Research Programme (WCRP), the UN Educational, Scientific and Cultural Organization (UNESCO), the Inter-American Development Bank (IDB), the Inter-American Institute (IAI), Argentina's Center for Research on Oceans and Atmosphere, and Uruguay's University of the Republic. The WCRP Conference for Latin America and the Caribbean (LAC) aims to identify gaps and ways to overcome limitations in the chain of knowledge from basic to applied climate science to informing policy and decisions that are particularly relevant for LAC.  

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ADB Increases Financing of Environmental Sustainability Projects [viewed]

ADB24 December 2013: The Asian Development Bank (ADB) has increased its level of investment in development projects in the region, including investment in clean energy projects.

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EIB's Climate Awareness Bond Increases to €1.5 Billion [viewed]

Eib14 January 2014: The European Investment Bank (EIB) had its first transaction of 2014 in the European green bond market, a €350 million Climate Awareness Bond (CAB) increase. Due 15 November 2019, the CAB is now worth a record €1.5 billion, the largest climate-themed bond in any currency.

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CARICOM Chair Vows to Make Climate Change Adaptation a Priority Focus [viewed]

CARICOM9 September 2014: The new Chairman of the 15-member Caribbean Community (CARICOM) pledged to use his six-month term to address the effects of climate change on CARICOM member countries.

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CIF Program to Help Overcome Barriers to Geothermal Investments [viewed]

CIF18 December 2013: The World Bank has reported on efforts to implement the US$115 million Utility Scale Renewable Energy Program, which was launched in October 2013 by the Clean Technology Fund (CTF) of the Climate Investment Funds (CIF). The Program will foster private sector involvement in geothermal energy exploration and test drilling, the riskiest element of geothermal energy development.

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World Bank, GEF Support Land and Water Management in Sudan [viewed]

World Bank - GEF18 December 2013: The World Bank and Government of Sudan have signed a $7.74 million grant from the Global Environment Facility (GEF) to support integrated landscape management for sustainable livelihoods.

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