International Financial Institution

AfDB Facilitates Nearly US$65 Million in Investment into Africa Renewable Energy Fund [viewed]

AfDB13 November 2013: The African Development Bank's (AfDB) Board of Directors has approved a US$25 million equity investment in the Bank's Africa Renewable Energy Fund (AREF), which has been supplemented by further partner investments of US$39.5 million. The fund aims to demonstrate and catalyze the viability of Africa's renewable energy potential to investors.

read more »

PROFOR Highlights Forest-based EBA in Honduras [viewed]

profor-cifor-catie12 November 2013: The Program on Forests (PROFOR) has released a case study on preserving drinking water through sustainable land use management in Honduras. The report notes that climate change is projected to exacerbate water shortages in Honduras, which already result in rationing.

read more »

IFC Sees Possibility of US$1 Trillion in Climate-Smart Investment Potential in EMENA Region [viewed]

IFCNovember 2013: The International Finance Corporation (IFC), a member of the World Bank Group (WBG) and the largest global development institution focused exclusively on the private sector, has published a report that estimates up to US$1 trillion in climate-smart investment potential in renewable energy, resource efficiency and climate change adaptation across Emerging Europe, Central Asia, and the Middle East and North Africa (EMENA).

read more »

Climate Finance Tracking Website Launched [viewed]

AfDBNovember 2013: The African Development Bank (AfDB) has announced its efforts to develop a climate finance tracking methodology, through collaboration to develop a joint multilateral development bank methodology for tracking adaptation and mitigation finance. 

read more »

UNFCCC Publishes Documents on Bunker Fuels, GEF and GCF [viewed]

UNFCCC10 November 2013: The UNFCCC has released documents for consideration during the Warsaw Climate Change Conference, which address information on bunker fuels, the Green Climate Fund (GCF) and the Global Environment Facility (GEF). These topics will be considered under the agenda of different bodies during the upcoming days. 

read more »

World Bank Reports on Reforestation Benefits in Rio de Janeiro [viewed]

World Bank11 November 2013: The World Bank has reported on the impacts of reforestation efforts around Rio de Janeiro, Brazil, including species recovery, reduced vulnerability to natural disasters, and new economic benefits from the generation of carbon credits.

read more »

UN, World Bank, EU Pledge Support to Sahel [viewed]

un-worldbank8 November 2013: Development leaders traveled to the Sahel region in Africa to discuss governance, resilience, peace and security with the leaders of Burkina Faso, Chad, Mali and Niger. During the trip, from 4-8 November 2013, the World Bank and EU announced over US$8 billion in investments to boost economic growth and tackle poverty in the region.

read more »

GEF Council Approves US$259.84 Million Work Program [viewed]

45th-meeting-of-the-GEF-Council7 November 2013: The 45th meeting of the Global Environment Facility (GEF) Council considered, inter alia: the progress report on the pilot accreditation of GEF Project Agencies; the mid-term evaluation of the System for Transparent Allocation of Resources (STAR); the mid-term evaluation of the National Portfolio Formulation Exercise (NPFE); an update on the GEF-6 replenishment; a review of GEF Agencies on their application of environmental and social safeguards and gender mainstreaming; and an update on the development of the GEF 2020 strategy. The GEF Council also approved a Work Program amounting to US$259.84 million.

read more »

World Bank Highlights Climate and Health Benefits of Reducing Short-Lived Climate Pollutants [viewed]

World Bank3 November 2013: The World Bank has published a report highlighting the climate and health benefits of reducing emissions of common pollutants such as methane and black carbon, and examining 14 measures that contribute towards this objective.

read more »

UNEP-China Project Hosts Workshop on Mainstream Ecosystem-based Adaptation [viewed]

UNEP31 October 2013: A Regional Network Coordination Workshop that focused on linking networks and mainstreaming Ecosystem-based Adaptation (EbA) was hosted by the UN Environment Programme (UNEP)-China project on 'Enhancing capacity, knowledge and technology support to build climate resilience of vulnerable developing countries.'

read more »