International Financial Institution

World Bank Releases Independent Evaluation of Climate-Related Energy Lending and Management Response [viewed]

March 2009: The World Bank's Independent Evaluation Group (IEG) has released a report on “Climate Change and the World Bank Group,” which finds, among other issues, that fuel pricing is a key policy affecting emissions and identifies the absence of important information for the design and management of emissions-related policies.

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World Bank CIF Requests Feedback on Forest Program [viewed]

March 2009: The World Bank's Forest Investment Program (FIP), a part of its Climate Investment Framework (CIF), seeks to pilot and demonstrate new approaches to forest management that lead to major impacts in reducing greenhouse gas emissions from forests.

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GEF Announces Carbon Benefits Project [viewed]

Global Environment Facility (GEF)

23 March 2009: The Global Environment Facility (GEF) has announced the Carbon Benefits Project (CBP), implemented by the UN Environment Programme, which aims to provide a solution to the problems related to measuring terrestrial carbon, particularly on complex landscapes.

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World Bank's 2009 Development Marketplace Grant Competition Launched [viewed]

Development Marketplace

23 March 2009: The World Bank has launched its annual Global Development Marketplace competition for seed grants.

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First GEF-5 Replenishment Meeting Convenes in Paris [viewed]

First GEF-5 Replenishment Meeting Convenes in Paris

18 March 2009: Thirty countries met in Paris, France, to discuss the fifth replenishment of the Global Environment Facility (GEF-5), with several calling for a substantial increase in the replenishment of the GEF. The First Meeting of Contributing Participants towards GEF-5 gathered prospective donors from developed and developing countries from 17-18 March 2009, to consider, inter alia, innovative sources of funding, including the possibility of obtaining carbon credits for GEF projects that mitigate greenhouse gas emissions.

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EBRD Publishes Green Investment Scheme Manual and Model Agreement [viewed]

European Bank for Reconstruction and Development

March 2009: The European Bank for Reconstruction and Development (EBRD), with financing from the Government of the Netherlands, has published a Green Investment Scheme (GIS) Manual and Model Agreement.

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GEF Releases Review of its Work on Sustainable Forest Management [viewed]

GEF Releases Review of its Work on Sustainable Forest Management

March 2009: The Global Environment Facility (GEF) has published a report titled “A New Climate for Forests: GEF Action on Sustainable Forest Management.” This report reviews: the GEF's work on sustainable forest management (SFM); projects and programmes related to SFM in the GEF's current portfolio; and potential roles for promotion of SMF through the GEF in the post-2012 climate regime.

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World Bank Meeting Considers Design of Forest Investment Program [viewed]

World Bank

6 March 2009: The second design meeting for the World Bank's Forest Investment Program (FIP), a part of its Climate Investment Framework (CIF), took place on 5-6 March 2009, in Washington DC, US.

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IDB and Nicholas Stern Present Country Studies on Climate Impact [viewed]

IDBLogo_en5 March 2009: Lord Nicholas Stern and the Inter-American Development Bank (IDB) hosted a seminar on “Development in a More Hostile Climate” during which country-level studies of the economic impact of climate change in Brazil, Mexico and South East Asia were presented.

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World Bank Group Supports Renewable Energy Projects in Chile and Armenia [viewed]

International Finance Corporation (IFC)

February 2009: The International Finance Corporation (IFC), a member of the World Bank Group, is financing the construction of the Totoral Wind Farm, Chile's first-ever project-financed wind farm. In related news, the World Bank's Vice President for Europe and Central Asia approved a grant of US$1.5 million for the Armenia Geothermal Energy Development project funded under the Global Environment Facility's (GEF) Geothermal Energy Development Program (GeoFund).

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