International Financial Institution

OECD and EIB's Cooperation Agreement Addresses the Economics of Climate Change [viewed]

Oecd26 November 2009: The Organisation for Economic Co-operation and Development (OECD) and the European Investment Bank (EIB) have signed a cooperation agreement to share their expertise in support of sustainable development, including on the economics of climate change.

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UNFCCC Secretariat Releases Report of Adaptation Fund Board [viewed]

Adaptationfund19 November 2009: The UNFCCC Secretariat has released the report of the Adaptation Fund Board (FCCC/KP/CMP/2009/14), which provides information on progress made with respect to the Adaptation Fund, in particular on the implementation of the mandate from the Conference of the Parties serving as the Meeting of the Parties to the Kyoto Protocol (COP/MOP), and recommends actions to be taken bythe COP/MOP, as appropriate.

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EIB Funds 80 Million Euro Solar Power Project in Spain [viewed]

Eib16 November 2009: The European Investment Bank (EIB) announced an 80 million Euro loan to finance the construction and commissioning of a concentrated solar power (CSP) plant in Fuentes de Andalucía, Spain.�

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IDB to Limit GHG Emissions in Coal Fired Plants it Finances [viewed]

Idb5 November 2009: The Inter-American Development Bank (IDB) is issuing a set of guidelines to finance coal-fired power plants in order to ensure they use among the best available technologies to reduce their emissions of greenhouse gases and other pollutants.

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ADB Publishes Study on Integrating Biofuels and Rural Renewable Energy Production in Agriculture for Poverty Reduction [viewed]

Logo-adbOctober 2009: The Asian Development Bank (ADB) has published an overview and strategic framework for biofuels development in the Greater Mekong Subregion. 

 

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World Bank Roundtable on Climate Change and Indigenous Peoples Discusses Indigenous Peoples Climate Action Fund [viewed]

World Bank18 November 2009: Robert Zoellick, World Bank President, stated that indigenous peoples carry a “disproportionate share of the burden of climate change effects” during a roundtable on Indigenous Peoples and Climate Change, organized by the World Bank and First Peoples Worldwide, in Washington DC, US. 

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World Bank to Sell Adaptation Fund CERs through Bluenext Exchange [viewed]

World Bank17 November 2009: The World Bank, as trustee for the Adaptation Fund, has begun regular sales of certified emission reductions (CERs) through the BlueNext Exchange.

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Civil Society Organizations Encouraged to Nominate Observers to Climate Investment Fund's Sub-Committees [viewed]

16 November 2009: The self-selection process for non-profit civil society observers on two sub-committees of the Climate Investment Fund's (CIF) Strategic Climate Fund – the Forest Investment Program (FIP) and the Scaling up Renewable Energy Program in Local Income Countries (SREP) – is accepting nominations to participate as observers during CIF meetings and to register to vote on the nominees.

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World Bank Global Development Marketplace Awards US$4.8 Million to Innovative Adaptation Ideas [viewed]

developmentmarketplacelogo13 November 2009: The World Bank awarded close to US$5 million to 26 innovative climate adaptation projects, through a contest for community-based ideas to tackle the effects of climate change.

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ADB's Future Carbon Fund Receives US$20 Million Commitment from Republic of Korea [viewed]

Logo-adb13 November 2009: The Republic of Korea is the first Asian country to join the Asian Development Bank's (ADB) Future Carbon Fund, with a $20 million commitment to acquire post-2012 carbon credits.

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