9 December 2008: The UN Environment Programme (UNEP) and the Global Environment Facility (GEF) have announced the completion of the nearly US$1 million Joint Geophysical Imaging project in Kenya. The project tested new seismic and drilling techniques to tap steam from hot underground rocks, and found wells of steam able to generate 4-5 MW of electricity, with one well yielding 8 MW.
6 December 2008: A new report released by the World Bank suggests that forecasting improvements in Europe and Central Asia can play a critical role in improving the economy and mitigating the impacts of disasters in the region. The report “Weather and Climate Services in Europe and Central Asia: A Regional Review” explains why improving weather monitoring systems can help mitigate damaging economic impacts of weather disasters, support increased productivity of agriculture, conserve energy, and promote safe aviation and transport by road and rail.
3 December 2008: At a side event held during the UN Climate Change Conference in Poznan, Poland, two least developed countries shared their experience in integrating climate change risks into various sectors, including agriculture and health through the Least Developed Countries Fund (LDCF).
2 December 2008: The European Investment Bank (EIB) has announced it will provide approximately EUR 100 million to the Export-Import Bank of India (EXIM Bank) to provide partial financing for investments that will contribute to the mitigation of climate change.
25 November 2008: Speaking ahead of the UN Climate Change Conference in Poznan, Poland, Richard Damania, World Bank Lead Environmental Economist for the South Asia Region, described the climate-related challenges in South Asia as daunting.
20 November 2008: The World Bank-led Global Gas Flaring
Reduction partnership (GGFR) will organize a forum to look for ways of
unlocking the value of wasted gas associated with oil production.
14 November 2008: The Global Environment Facility (GEF) Council re-elected Monique Barbut as CEO during its biannual meeting, which took place from 11-13 November 2008, in Washington DC, US. The Council also renewed efforts to scale up technology transfer to developing countries looking to mitigate and adapt to climate change challenges, by approving projects amounting to US$50 million for climate-related activities.
13 November 2008: The World Bank is moving ahead with the
Energy for the Poor initiative, a programme that seeks to provide rapid support
for countries' efforts to strengthen social safety nets to reduce the poor's
vulnerability to volatile fuel prices.
November 2008: The Second Conference on Adaptation to
Climate Change in Developing Countries will convene on 25 November 2008, in The
Hague, the Netherlands. Plenary speakers will include representatives from the
World Bank and the World Health Organization (WHO), as well as decision makers
from the EU and developing countries.
6 November 2008: The World Bank, in partnership with SEB and
Scandinavian institutional investors, will raise funds for projects seeking to
mitigate climate change or promote adaptation to its effects, through the issue
of a “World Bank green bond.”