International Financial Institution

UNFCCC Executive Secretary to World Bank Energy Week: Copenhagen Can Move the World Towards a Sustainable Future [viewed]

31 March 2009: Yvo de Boer, UNFCCC Executive Secretary, addressed the opening plenary of the World Bank Group's Energy Week by video link and welcomed the meeting's theme, “Energy, Development and Climate Change,” noting the importance of addressing developing countries' energy concerns.

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GEF STAP Considers REDD, Forest Conservation and Sustainable Forest Management [viewed]

31 March 2009: The Global Environment Facility's (GEF) Scientific and Technical Advisory Panel (STAP) held a workshop on 31 March 2009, in Washington DC, US, to develop the Panel's scientific and technical guidance for the fifth GEF Replenishment (GEF-5) strategic programming on reducing emissions from deforestation and forest degradation (REDD), forest conservation and sustainable forest management (SFM).

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IDB Board of Governors Adopts Green Growth Initiatives [viewed]

31 March 2009: The Boards of Governors of the Inter-American Development Bank (IDB) adopted a set of initiatives to promote green growth at its 50th Annual Meeting held in Medellín, Colombia, from 29-30 March 2009. Finance ministers and central bank presidents from IDB's 48 member countries discussed the current financial crisis and addressed the IDB's reform, calling for a capital increase that contemplates a strategy to make effective use of additional resources to support social safety net programmes, poverty and inequality reduction, infrastructure investment and measures related to climate change.

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UNWTO Highlights Role of Tourism in a Green Economy [viewed]

31 March 2009: In the lead up to the 2 April 2009 G20 Summit, in London, UK, the UN World Tourism Organization (UNWTO) has stressed the potential role of tourism as an economic stimulus and in the green economy.

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GEF STAP Workshop Considers Climate Change Science and Technology Advice [viewed]

30 March 2009: The Global Environment Facility's (GEF) Scientific and Technical Advisory Panel (STAP) held a workshop on 30 March 2009, in Washington DC, US, to develop the Panel's scientific and technical guidance for the Fifth GEF Replenishment's (GEF-5) strategic programming on climate mitigation policies and technologies.

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IDB Approves Energy Efficiency Project in Brazil [viewed]

27 March 2009: The Inter-American Development Bank (IDB) has approved a project to provide Brazil's Usiminas steel company a loan amounting to US$200 million. The first part of the project will finance investments in a new power cogeneration plant and related equipment to produce electricity using excess heat and gases that originate from the production of the steel, allowing the Belo Horizonte-based company to cut its production costs and reduce carbon emissions.

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World Bank Approves US$1.3 Billion Environmental Loan to Brazil [viewed]

25 March 2009: The World Bank approved a US$1.3 billion Development Policy Loan to help Brazil attain sustainable development goals linked to economic growth from Amazon sustainable development to climate change, as well as the water sector.

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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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