International Financial Institution

GEF COP 20 Side Event Highlights Climate Action in Cities [viewed]

limacop2010 December 2014: Cities need to be at the heart of the transformation to a low-carbon economy, according to Naoko Ishii, Chief Executive Officer (CEO) of the Global Environment Facility (GEF). Speaking at an event on 'Sustainable Cities to Address Global Environmental Benefits,' she highlighted the rapid rate of urbanization globally and cities' contribution to energy-related greenhouse gas (GHG) emissions.

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FCPF Highlights Funding Commitments, Stakeholder Participation [viewed]

Forest Carbon11 December 2014: The Forest Carbon Partnership Facility (FCPF) has highlighted the full commitment of the FCPF US$465 million pipeline and the entry of Guatemala, Indonesia and Peru into the Fund.

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IETA, GEF Event Explores Financial Innovations for Low-Carbon Investments [viewed]

limacop209 December 2014: The International Emissions Trading Association (IETA) and the Global Environment Facility (GEF) organized a 'High-Level Dialogue on Public and Private Green Financial Innovations' on the sidelines of the Lima Climate Change Conference. The event brought together public and private sector leaders to discuss how to scale up innovative financial mechanisms for low-carbon investments.

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World Bank and GEF Partner with Colombia for Forest Conservation [viewed]

World Bank - GEF9 December 2014: The World Bank announced the approval of a Global Environment Facility (GEF) funded project to support improved forest governance and sustainable land management in Colombia.

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CIF Pledges Reach US$8.3 Billion [viewed]

CIF8 December 2014: The Climate Investment Funds (CIF) has received approximately US$765 million in funding for its four programmes, bringing total CIF contributions to approximately US$8.3 billion. The additional financing will enable the CIF to expand into more countries and bridge a financing gap faced by some of its programmes.

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Ecuador Preparing National Communication, BUR to UNFCCC [viewed]

Ecuador10 December 2014: Ecuador is preparing its second national communication and its first biennial update report (BUR) to the Conference of the Parties (COP) to the UNFCCC, which will update and enhance information on its national circumstances, greenhouse gas (GHG) inventories, climate change mitigation, vulnerability to climate change and steps taken to adapt to climate change.

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World Bank President Highlights Role of Economic Transformation in Net Zero Emissions [viewed]

Worldbanklogo8 December 2014: In a speech to the Council on Foreign Relations in Washington DC, US, World Bank Group President Jim Yong Kim called on countries to price carbon, eliminate fossil fuel subsidies, create conditions favoring renewable energy and invest in projects that can withstand extreme weather events. He said a 2015 agreement must send signals to investors and financial markets that could help transform economies toward achieving zero net emissions of harmful pollutants before 2100, in order to keep temperature below 2°C. According to Kim, economic policy will be key to achieving this goal.

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KfW Launches Geothermal Facility for Latin America at COP 20 [viewed]

limacop208 December 2014: KfW Development Bank launched the Geothermal Development Facility (GDF) for Latin America on the margins of the Lima Climate Change Conference. The GDF, the first multi-donor climate initiative to promote geothermal resources on a continental scale, will provide at least US$75 million in grant-based risk mitigation instruments and US$1 billion in financing to geothermal projects in 10 Latin American countries.

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Event: Transforming Transportation 2015: Smart Cities for Shared Prosperity [viewed]

Transforming Transportation 2015 will convene under the theme of Smart Cities for Shared Prosperity. Participants will examine how smart, connected urban mobility can improve quality of life in cities and discuss how the Sustainable Development Goals (SDGs) will impact urban transport, with an emphasis on data and technology, governance, and international financial flows. Transforming Transportation is an annual conference co-organized by the World Resources Institute's EMBARQ Initiative and the World Bank.  

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UNEP Launches Adaptation Gap Report 2014 [viewed]

limacop206 December 2014: The UN Environment Programme (UNEP) has launched its Adaptation Gap Report 2014 on the sidelines of the Lima Climate Change Conference. The report aims to identify adaptation needs and realities on the ground and focuses on funding, technology and knowledge gaps in developing countries. The report states that, by 2050, the annual cost of adaptation in developing countries will likely reach two to three times the US$70-100 billion previously estimated, even if mitigation goals are met.

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