International Financial Institution

World Bank Releases Report on Weather and Climate Services in Europe and Central Asia [viewed]

Climate Weather Data 6 December 2008: A new report released by the World Bank suggests that forecasting improvements in Europe and Central Asia can play a critical role in improving the economy and mitigating the impacts of disasters in the region. The report “Weather and Climate Services in Europe and Central Asia: A Regional Review” explains why improving weather monitoring systems can help mitigate damaging economic impacts of weather disasters, support increased productivity of agriculture, conserve energy, and promote safe aviation and transport by road and rail.

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Eritrea and Samoa Share Experiences with GEF-Administered LDCF [viewed]

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3 December 2008: At a side event held during the UN Climate Change Conference in Poznan, Poland, two least developed countries shared their experience in integrating climate change risks into various sectors, including agriculture and health through the Least Developed Countries Fund (LDCF).

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EIB Funds Mitigation Investments in India [viewed]

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2 December 2008: The European Investment Bank (EIB) has announced it will provide approximately EUR 100 million to the Export-Import Bank of India (EXIM Bank) to provide partial financing for investments that will contribute to the mitigation of climate change.

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World Bank Lead Environmental Economist Highlights South Asia's Vulnerability to Climate Change [viewed]

South Asia's Vulnerability to Climate Change 25 November 2008: Speaking ahead of the UN Climate Change Conference in Poznan, Poland, Richard Damania, World Bank Lead Environmental Economist for the South Asia Region, described the climate-related challenges in South Asia as daunting.

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World Bank-Led Global Gas Flaring Reduction Partnership to Hold Forum on Best Practices in Gas Utilization [viewed]

20 November 2008: The World Bank-led Global Gas Flaring

Reduction partnership (GGFR) will organize a forum to look for ways of

unlocking the value of wasted gas associated with oil production.

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GEF Council Re-elects Monique Barbut as CEO, Approves Climate-Related Projects [viewed]

Monique Barbut, GEF CEO & Chairperson 14 November 2008: The Global Environment Facility (GEF) Council re-elected Monique Barbut as CEO during its biannual meeting, which took place from 11-13 November 2008, in Washington DC, US. The Council also renewed efforts to scale up technology transfer to developing countries looking to mitigate and adapt to climate change challenges, by approving projects amounting to US$50 million for climate-related activities.

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World Bank Moves Ahead with Energy for the Poor Initiative, Schedules Meeting in Paris [viewed]

Jamal Saghir, Director, Energy, Transport and Water, in the Sustainable Vice Presidency (SDNVP) of the World Bank 13 November 2008: The World Bank is moving ahead with the

Energy for the Poor initiative, a programme that seeks to provide rapid support

for countries' efforts to strengthen social safety nets to reduce the poor's

vulnerability to volatile fuel prices.

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World Bank and WHO Representatives to Address Conference on Adaptation in Developing Countries [viewed]

November 2008: The Second Conference on Adaptation to

Climate Change in Developing Countries will convene on 25 November 2008, in The

Hague, the Netherlands. Plenary speakers will include representatives from the

World Bank and the World Health Organization (WHO), as well as decision makers

from the EU and developing countries.

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World Bank Creates Green Bond to Finance Mitigation and Adaptation [viewed]

6 November 2008: The World Bank, in partnership with SEB and

Scandinavian institutional investors, will raise funds for projects seeking to

mitigate climate change or promote adaptation to its effects, through the issue

of a “World Bank green bond.”

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Documents Posted for 34th GEF Council and Climate Funds Meetings [viewed]

6 November 2008: Documents for the 34th Global Environment Facility (GEF) Council meeting,

which will convene from 11-13 November 2008, in Washington DC, US, are

available online.

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