International Financial Institution

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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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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