International Financial Institution

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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World Bank Releases Annual Report on State and Trends of the Carbon Market [viewed]

26 May 2010: The World Bank released its annual State and Trends of the Carbon Market report at Carbon Expo in Cologne, Germany, on 26 May. The report indicates that the value of the global carbon market grew six percent, to US$144 billion, in 2009 despite being its most challenging year to date.

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World Bank Approves Indonesian Climate Change Project [viewed]

25 May 2010: The World Bank's Board of Executive Directors approved an International Bank for Reconstruction and Development (IBRD) loan ofUS$200 million to support the Indonesian Government's policy agenda on climate change.

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UNDP, World Bank Support Hydro Energy in Nepal [viewed]

Bom Khola Power HouseApril 2010: The UN Development Programme (UNDP), through its Rural Energy Development Programme (REDP), has supported a joint venture of the Alternative Energy Promotion Centre of the Government of Nepal, in collaboration with the World Bank and local communities, to establish a 100 kw Bom Khola micro hydro plant.

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UNEP and GEF to Help Reduce World Cup's Carbon Footprint [viewed]

25 May 2010: The UN Environment Programme (UNEP) and the Global Environment Facility (GEF) have announced an initiative to reduce the carbon footprint of the 2010 FIFA World Cup.

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World Bank Institute Climate Change Practice Releases e-Bulletin [viewed]

25 May 2010: The World Bank Institute (WBI) Climate Change practice has released the May 2010 edition of its quarterly e-bulletin. The issue features upcoming and recent events and news from four programmes: Cities and Climate Change; Innovation in Carbon Finance; Leadership and Coalition Building for Climate Change; and Climate Adaptation for Water, Agriculture and Natural Resource Management.

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