International Financial Institution

Financing Institutions Pledge to Scale up Energy Efficiency Investment [viewed]

EBRD_UNEPFi17 September 2015: Seventy financial institutions from over 20 countries have committed to step up financing for energy efficiency investments and develop business strategies that save energy and reduce carbon emissions. The financial institutions, ranging from regional and microfinance institutions to national and global banks, met during an event, titled ‘Building a Global Energy Efficiency Financing Alliance,' where they were encouraged to share experiences about successful business strategies for developing and marketing energy efficiency finance products.

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UNFCCC Releases GEF Report to COP 21 [viewed]

GEF11 September 2015: The UNFCCC Secretariat has released the annual report of the Global Environment Facility (GEF) to the Conference of the Parties (COP). The document (FCCC/CP/2015/4) contains information on the GEF's response to COP guidance, and relevant GEF initiatives and achievements.

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CIF Presents Lessons from the Forest Investment Program [viewed]

cif_fip10 September 2015: The Climate Investment Funds (CIF) has shared lessons from its Forest Investment Program (FIP), highlighting efforts on capacity building with a view to enhancing developing countries' abilities to implement REDD+ in a sustainable and fair manner through principles such as country ownership and coordination with other REDD+ mechanisms.

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Event: Building a Global Energy Efficiency Financing Alliance [viewed]

The European Bank for Reconstruction and Development (EBRD) and the UN Environment Programme Finance Initiative (UNEP FI) are bringing together banks, leasing companies, insurance providers, development finance institutions (DFIs) and microfinance institutions for an event on 'Building a Global Energy Efficiency Financing Alliance'. Participants will share business strategies for integrating energy efficiency into investments. The event is intended to highlight the role energy efficiency plays as an economically effective means of combating climate change, especially in the lead-up to the Paris Climate Change Conference where Parties to the UNFCCC are expected to adopt a universal climate change agreement. EBRD and UNEP FI are organizing the event to encourage further investment in energy efficiency and highlight commitments to energy efficiency finance as part of the global response to climate change.  

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LAC Carbon Forum Calls for Including Market Approaches in Paris Agreement [viewed]

Latinamericanforum11 September 2015: The 9th Latin American and Caribbean Carbon Forum (LACCF 2015) concluded with calls for the use of market-based mechanisms and other forms of carbon pricing and climate finance to be included as mitigation and development tools in the global climate agreement expected to be adopted at the 21st session of the Conference of the Parties (COP 21) to the UN Framework Convention on Climate Change (UNFCCC).

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Rachel Kyte Named SE4All Head [viewed]

SE4ALL3 September 2015: Rachel Kyte has been named the new Chief Executive Officer of the Sustainable Energy for All (SE4All) initiative and the UN Secretary-General's Special Representative to SE4All. Kyte's appointment will begin on 1 January 2016. Kandeh Yumkella, who has served as SE4All CEO and Special Representative since the launch of the initiative in 2011, announced his resignation in March 2015 to return home to Sierra Leone.

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August 2015 Climate Finance Update [viewed]

August 2015 Climate1 September 2015: During August 2015, the Asian Development Bank (ADB), the African Development Bank (AfDB), the Climate Investment Funds (CIF), the World Bank, the International Finance Corporation (IFC), the Global Environment Facility (GEF), the International Fund for Agricultural Development (IFAD), the Green Climate Fund (GCF) and the Adaptation Fund reported on climate finance developments, including new funding, project lessons and institutional developments. The World Bank, the UN Environment Programme (UNEP) DTU Partnership (UDP) and the Partnership for Market Readiness (PMR) released publications and event news.

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August 2015 Sustainable Energy Finance Update [viewed]

August 2015 Sustainable Energy1 September 2015: During August 2015, the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), the World Bank, the International Finance Corporation (IFC) and the Nordic Environment Finance Corporation (NEFCO), among others, announced sustainable energy project funding and related plans. The UN Environment Programme (UNEP), the UNEP-DTU Partnership (UDP), the Climate Investment Funds (CIF) and the Caribbean Development Bank (CDB) launched publications and reported on events.

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World Water Week Closes with Calls to “Hydrate” Global Climate Agreement [viewed]

siwi_www28 August 2015: At the close of World Water Week in Stockholm, Sweden, world leaders called on climate negotiators to ensure that water issues are paid due attention in the global climate agreement to be concluded in December 2015 in Paris, France.

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IMF, USAID to Cooperate on Capacity Development [viewed]

imf_usaid20 August 2015: The US Agency for International Development (USAID) and the International Monetary Fund (IMF) have signed a Memorandum of Understanding (MOU) to enhance their cooperation in capacity development.

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