International Financial Institution

World Bank Links Energy Subsidy Reform to Job Creation in MENA Region [viewed]

World Bank8 October 2014: A study by the World Bank finds evidence of a positive relationship between fuel prices, per capita gross domestic product (GDP) growth and job creation, and encourages the governments of the Middle East and North Africa (MENA) region to cut energy subsidies in order to build dynamic, employment-intensive economies. The study, titled ‘Corrosive Subsidies,' also projects economic growth in the MENA transition countries to be hampered by macroeconomic imbalances and unfinished subsidy reform.

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Event: 24th Adaptation Fund Board Meeting [viewed]

The Adaptation Fund Board (AFB) will hold its 24th meeting to hear reports from the Chair, the secretariat, the Accreditation Panel, the Project and Programme Review Committee (PPRC), and the Ethics and Finance Committee (EFC). The Board will also take up items remaining from its 23rd meeting, including: a strategic discussion of objectives and steps for the Fund; report from the fundraising task force; implementation of the readiness programme; and the second review of the Fund. Other agenda items include: communication and outreach; financial issues with regard to the Trust Fund, certified emission reduction (CER) monetization and project/programme pipeline; issues related to regional projects/programmes; dialogue with civil society organizations (CSOs); and election of the Chairs and Vice-Chairs of the Board, PPRC, EFC and Accreditation Panel.  

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Water Economists Address Efficiency and Water Conservation [viewed]

World Bank29 September 2014: The 11th meeting of the International Water and Resource Economics Consortium (IWREC), hosted by the World Bank, discussed the latest research on the economics of water management, focusing on the theme “Efficiency and Water Conservation.”

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September 2014 Sustainable Energy Finance Update [viewed]

climatefinanceoctSeptember 2014: During the month of September, the World Bank, the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), the Asian Development Bank (ADB), the African Development Bank (AfDB) and other donors undertook activities and approved funding for sustainable energy projects in various countries, including Albania, Burkina Faso, Jordan, Kazakhstan, Peru and Republic of Congo.

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GEF to Address Biodiversity, Livelihoods, Climate Resilience in Belize [viewed]

GEF30 September 2014: The Global Environment Facility (GEF) Board of Directors has approved a five-year project to sustainably manage Belize's natural resources and promote alternative livelihoods for local communities. The project will also strengthen institutional capacity to enhance climate resilience, including increasing ecosystem resilience to climate change impacts.

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September 2014 Climate Finance Update [viewed]

adb-afdb-eib-idb-cif-worldbank-gef-ifad1 October 2014: In September 2014, the African Development Bank (AfDB), the European Investment Bank (EIB), the Inter-American Development Bank (IDB), Climate Investment Funds (CIF), the Global Environment Facility (GEF), the International Fund for Agricultural Development (IFAD) and the World Bank reported on various climate finance developments, including in the areas of green bonds, transport, forest emissions and climate resilience.

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AfDB Launches Green Growth Framework [viewed]

AfDB30 September 2014: The African Development Bank (AfDB) has released its Green Growth Framework, which will serve as a basis for its future work on green growth. The framework, titled ‘Entry points for action for transition to Green Growth in Africa,' aims to provide Bank staff with a common understanding on the principles and practice of green growth and on entry points for engaging with member countries in transitioning towards green growth.

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Guest Article #112: Sustainable Energy for All in the Americas: Combating Climate Change in Latin America and the Caribbean [viewed]

The United Nations Initiative Sustainable Energy for All (SE4ALL) has the goal of ensuring universal access to modern energy services, doubling the global rate of improvement in energy efficiency, and doubling the share of renewable energy in the global energy mix, all by 2030. These goals both work to combat climate change and provide an improved standard of living and greater opportunities for citizens.

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Urgency of Healthy Oceans Stressed by Experts, Officials [viewed]

italy-palau-monaco26 September 2014: At a high-level special event on ‘Healthy Oceans and Seas: Paving the Way Towards a Sustainable Development Goal,' participants addressed specific ways to conserve and promote the sustainable use of oceans, seas and marine resources, in relation to the proposed SDG 14. Climate change was also a strong theme of the discussion.

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Event: Training Course on Climate Change Impacts and Mitigation Efforts in the Transportation Sector [viewed]

This training course will enable senior policymakers to share knowledge about the status, projections, innovations, technological advancements and available policy tools relevant to climate change mitigation in the transportation sector. The event, organized by the Asian Development Bank Institute (ADBI), from 23-25 September 2014, at Hiroshima University, Japan, will include learning and technical sessions, and a field visit. Participants, from the transport, infrastructure and environment ministries of selected developing Asian countries, will, inter alia: gain up-to-date knowledge on the climate change impacts of the transportation sector; understand available, mode-specific mitigation policy and technology options; and hold discussions on among policymakers involved in transportation and environment policy implementation.  

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