International Financial Institution

World Bank Charts Zero-carbon Electricity Pathways for Climate Stabilization [viewed]

World Bank1 October 2014: The World Bank has published a policy research working paper, titled ‘Pathways toward Zero-carbon Electricity Required for Climate Stabilization,' which calculates the carbon content of electricity in a set of existing prospective stabilization scenarios, and shows that near-zero carbon electricity: is required for staying within a global temperature rise range of 2-3°C; can be achieved even if some key technologies are not available; and should occur in every major country or region in the world.

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October 2014 Climate Finance Update [viewed]

climate-finance3 November 2014: During October 2014, the Asian Development Bank (ABD), the African Development Bank (AfDB), the European Bank for Reconstruction and Development (EBRD), the International Fund for Agricultural Development (IFAD), the Climate Investment Funds (CIF), the World Bank and the Global Environment Facility (GEF) reported on climate resilience projects in Asia, Africa and Latin America, among others.

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GEF and LDCF/SCCF Councils Approve Work Programs Worth Over US$200 Million [viewed]

GEF4730 October 2014: The 47th meeting of the Global Environment Facility (GEF) Council approved, among other decisions, a Work Program that consists of 15 project concepts, with total resources equal to US$190.74 million.

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African Countries Adopt Sustainable Transport Framework [viewed]

africa-sustinable-transport30 October 2014: Senior officials representing over 42 African countries have adopted a framework for a transition to sustainable transport, with a view to curbing air pollution, boosting the use of sustainable fuels and improving road safety. The roadmap aims to reduce greenhouse gas (GHG) emissions through the use of low-emission non-motorized transport, and increasing the quality of public transport and investment in clean technologies.

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AGWA Launches Toolkit for Climate Change Adaptation in Water Resources Management [viewed]

agwa4 September 2014: The Alliance for Global Water Adaptation (AGWA) and partners have launched a manual for dealing with uncertainty under climate change by applying climate-informed decision-making to water resource management, project design and risk evaluation. The manual was launched in a seminar held during World Water Week, on 4 September.

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UN-REDD and FCPF Welcome Civil Society Observers [viewed]

unredd-forestcarbon28 October 2014: The UN Collaborative Programme on Reducing Emissions from Deforestation (UN-REDD) and the Forest Carbon Partnership Facility (FCPF) have announced the outcomes of the self-selection process for Civil Society Observers.

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BNEF Assesses Clean Energy Activities in Emerging Economies [viewed]

DFID MIF USAID Bloomberg New Energy Finance28 October 2014: A study by Bloomberg New Energy Finance (BNEF) assessing clean energy activities and investments in emerging markets has found that capacity additions in these markets, over the past five years, totalled 142 GW, representing faster growth than in developed countries, and equal to more than France's existing clean energy capacity.

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GEF Council CSO Consultation Discusses Gender Policy, Public Involvement [viewed]

GEF27 October 2014: The Global Environment Facility (GEF) Council consultation meeting with civil society organizations (CSOs) gathered approximately 150 participants to focus on four topics: a dialogue with the GEF CEO; gender mainstreaming and public involvement in GEF projects; the work of the GEF-CSO Network; and CSO engagement in the sixth replenishment of the GEF (GEF-6).

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Philippines National Budget "Tags" Climate Change Response Funds [viewed]

World Bank-Philippines24 October 2014: In the Philippines, 53 national agencies have begun the process of "tagging" proposed climate change funding in their 2015 national budget submissions. With over 5% of the total tagged as climate change expenditures, the system intends to make the tracking, strategy and prioritization of the national response to climate change more transparent.

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CIF, CPI Publish Background Paper on Geothermal [viewed]

CIFOctober 2014: A background report prepared by the Climate Policy Initiative (CPI) for the Climate Investment Funds (CIF) finds that, overall, geothermal is cost competitive with its fossil fuel alternatives, even in the absence of a carbon price. At a levelized cost of electricity (LCOE) of 9-13 US cents per kilowatt-hour (kWh), it is among the least expensive renewable sources of power. However, the publication points out that more deployment is needed for geothermal to achieve its full potential.

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