International Financial Institution

Morocco Advances INDC Targets with Opening of Solar Power Plant [viewed]

morocco4 February 2016: In June 2015, the Government of Morocco submitted its intended nationally determined contribution (INDC) to the UNFCCC, announcing targets of reducing its greenhouse gas (GHG) emissions by 32% by 2030 compared to business-as-usual (BAU) projected emissions and reaching over 50% of installed electricity production capacity from renewable sources by 2025. In a significant step toward these goals, the first phase of the Noor-Ouarzazate concentrated solar power (CSP) plant became operational in February 2016.

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Event: Forest Carbon Partnership Facility PC21 [viewed]

The 21st Meeting of the Participants Committee (PC) of the Forest Carbon Partnership Facility (FCPF) is expected to review country submissions and decide on grant resource allocation. The PC is made up of 14 REDD+ countries and 14 financial contributors, and includes observers representing indigenous peoples, civil society, international organizations and the private sector.  

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PARCC Project Links Climate Assessments and Biodiversity Protection in West Africa [viewed]

unepwcmc_parcc_iucn_gef9 February 2016: An end-of-project workshop for partners of the Protected Areas Resilient to Climate Change (PARCC) explored how to use the results of new regional climate projections and in-depth vulnerability assessments to improve the management of protected areas in West Africa. The meeting took place in Banjul, The Gambia, from 24-29 January 2016.

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Event: Asia Clean Energy Forum 2016 [viewed]

The 11th Asia Clean Energy Forum (ACEF) will provide the opportunity to: share best practices in policy, technology and finance to meet the region's climate and energy security challenges, and knowledge exchange through discussions about clean energy. The ACEF aims to: facilitate knowledge sharing among clean energy practitioners in Asia; highlight innovative approaches to packaging and scaling up clean energy initiatives; and take stock of progress made in advancing the clean energy agenda in Asia. Participants will include representatives from governments, national and multinational banks, carbon and clean energy investment funds, academia, civil society, and development partners and other international organizations, as well as project developers and service providers, and environmental regulators. The event is being organized by the Asian Development Bank (ADB), the US Agency for International Development (USAID) and the Korea Energy Agency.  

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Guest Article #139: Building Climate Resilience through Technology Transfer and Innovation [viewed]

The recent historic agreement achieved at COP 21 in Paris resulted in unprecedented momentum for tackling climate change – including scaling up action on climate change adaptation. Climate resilience on a wide scale can only be achieved with the engagement of the private sector. While climate change affects all parts of the world, developing countries are particularly vulnerable. Technology transfer is therefore believed to be key in supporting countries to improve their resilience.

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Event: 2016 AFDB Annual Meetings [viewed]

The 2016 Annual Meetings of the African Development Bank (AfDB) will convene under the theme 'Energy and Climate Change,' which draws on one of the Bank's 'High 5' priority areas, namely to 'Light up and Power Africa,' and reflects the Bank's New Deal on Energy and decisions emanating from the recent UN Climate Change Conference in Paris in December 2015. The Bank's Annual Meetings are its largest annual event, bringing together approximately 5,000 participants, and featuring around 40 official events in addition to the Annual Meeting of the Board of Governors. The Meetings enable representatives of government, business, civil society and media to discuss the social and economic development of Africa.  

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January 2016 Climate Finance Update [viewed]

finace_climateFebruary 2016: During the month of January, the Asian Development Bank (ADB), the African Development Bank (AfDB), the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), the Inter-American Development Bank (IDB), the World Bank and the Adaptation Fund, among others, reported on new funding approvals and other climate finance news. Multilateral Development Banks (MDBs), climate funds and the UN Environment Programme (UNEP) launched publications on, inter alia, blended climate finance, climate co-finance tracking and climate risk management.

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January 2016 Sustainable Energy Finance Update [viewed]

january2016_energyFebruary 2016: During the month of January, the African Development Bank (AfDB), Asian Development Bank (ADB), Eastern Europe Energy Efficiency and Environment Partnership (E5P), European Bank for Reconstruction and Development (EBRD), Nordic Development Fund (NDF), Nordic Environment Finance Corporation (NEFCO) and World Bank announced sustainable energy project funding and initiatives. In addition, the Inter-American Development Bank (IDB) and World Bank released reports related to financing and deploying clean energy.

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PROFOR Issues Update on Forest-Related Activities Funded in 2015 [viewed]

PROFORJanuary 2016: The Program on Forests (PROFOR) has issued an update on the activities it funded during 2015 across a wide range of countries, contexts and forest-related issues, including studies in Burkina Faso, El Salvador, Honduras and Lao PDR, a report on the political economy of decision-making in forestry, and a report on the principle of fair, prior and informed consent (FPIC).

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UNEP, IDB Cooperate to Support SDGs and Paris Agreement [viewed]

unep_idb20 January 2016: The UN Environment Programme (UNEP) and the Islamic Development Bank (IDB) have announced that they will cooperate on environmental conservation in support of the 2030 Agenda for Sustainable Development and the Paris Agreement on climate change. The IDB is set to increase its financial support to the implementation of the Sustainable Development Goals (SDGs) to more than US$150 billion over the coming years.

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