International Financial Institution

IMF and World Bank Annual Meetings Address World Economic Crisis, Support Efforts to Tackle Climate Change [viewed]

69imfc_am_08_large 13 October 2008: The annual meetings of the Boards of

Governors of the International Monetary Fund (IMF) and World Bank took place on

11-13 October 2008, in Washington DC, US. Finance ministers from developing and

industrialized nations attended the event, which was preceded by a meeting of

the International Monetary and Financial Committee (IMFC) and the Development

Committee. The IMFC and seminars during the week addressed the responses to the

current economic crisis, as well as the challenges posed by higher food and

fuel prices.

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GEF and UNEP Commission Study on Weather Insurance for Wind Power Farms [viewed]

9 October 2008: Commissioned by the UN Environment Programme (UNEP) and the Global Environment Facility (GEF), Paris Re and Marsh have produced an index-based weather cover for the wind energy sector. The study analyzes the technical, legal and financial feasibility of implementing weather coverage in Mexico.

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WMO Organizes European Meeting on Disaster Risk Management [viewed]

European countries seek to reduce disasters through closer interaction between hydrometeorological services and disaster risk management 9 October 2008: European countries met from 9-10 October

2008, in Chisinau, Republic of Moldova, to discuss practical ways to reduce the

impacts of natural hazards through strengthened collaboration among the World

Meteorological Organization's (WMO) National Meteorological and Hydrological

Services and disaster risk management institutions.

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World Resources Report 2008: Roots of Resilience [viewed]

Cover_wrr2008 8 October 2008: The

2008 edition of the World Resources Report argues that properly designed

enterprises can create economic, social, and environmental resilience that

cushion the impacts of climate change, and help provide needed social

stability.

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World Bank Highlights Increased Funding for Renewable Energy and Energy Efficiency Projects [viewed]

2 October 2008: The World Bank has announced an 87% increase in funding for renewable energy (RE) and energy efficiency (EE) projects and programmes in developing countries in the past fiscal year.

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World Bank Climate Investment Funds Receive Pledges for US$ 6.1 Billion [viewed]

Donor Nations Pledge Over $6.1 Billion to Climate Investment Funds

26 September 2008: Leading industrialized nations met at the

World Bank, and pledged more than US$6.1 billion to the recently created World

Bank Climate Investment Funds (CIF).

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IDB Launches Biofuels Sustainability Scorecard, Invites Comments [viewed]

12 September 2008: The Inter-American Development Bank (IDB) released a tool known as the “Biofuels Sustainability Scorecard” during the fourth Annual Western Hemisphere Energy Security and Cooperation Forum, held on 9 September 2008, at IDB's headquarters in Washington, DC, US.

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World Bank Consultations on Development and Climate Change Continue [viewed]

Global Consultations - Development and Climate Change: A Strategic Framework for the World Bank Group September 2008: Global consultations for the development of

a “Strategic Framework on Development and Climate Change for the World Bank

Group” continue receiving comments online from civil society, until 15

September 2008.

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Senegal Signs First CDM Agreement with World Bank [viewed]

L-R: Samuel Amet Sarr, Minister of Energy, Senegal; Meskerem Mulatu, World Bank; and Modibo Diop, Director General, Senegalese Rural Electrification Agency (ASER)4 September 2008: The Senegalese Agency for Rural

Electrification (ASER) and the World Bank have entered into an agreement for

the provision of 1.5 million compact fluorescent lamps (CFLs) to Senegal's

rural areas. The project will be carried out as a Clean Development Mechanism

(CDM) programme of activities, and is Senegal's first CDM project.

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New World Bank Report Highlights Africa's CDM Potential [viewed]

World Bank Carbon Finance Unit (CFU) 3 September 2008: A new World Bank report estimates that Clean Development Mechanism (CDM) projects in sub-Saharan Africa could potentially amount to 740 million tons of carbon dioxide equivalent per year.

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