International Financial Institution

UN-REDD Moves towards Implementation [viewed]

logos_unredd_fao_gef15 April 2015: Demonstrating a shift from planning and preparation to implementation, a number of funding mechanisms, support tools and projects for REDD+ have been launched.

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Mayors Commit to Climate Action Ahead of Paris Conference [viewed]

iclei11 April 2015: The ICLEI World Congress 2015, the triennial sustainability summit of local and subnational governments worldwide, led to a number of climate announcements intended to increase local climate action. The Congress brought together over 3000 participants, including over 100 mayors from around the world, and boasted the largest number of participants at a Congress to date, with many others attending virtually via a live stream.

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Adaptation Fund Board Streamlines Small Entities' Accreditation [viewed]

Adaptation Fund10 April 2015: At its 25th meeting, the Adaptation Fund Board (AFB), inter alia, approved financing for climate adaptation projects in India, Jordan and Morocco, introduced a streamlined accreditation process for small entities and accredited two new implementing entities.

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Development Finance Institutions Work on Principles for Tracking Climate Finance [viewed]

world_bank_idfc3 April 2015: Over two dozen development finance institutions are working on common sets of principles that each will use for tracking climate finance. The first set for tracking mitigation finance has been agreed and similar principles for tracking adaptation finance and the ability to leverage finance will follow later this year. Rachel Kyte, World Bank Group Vice President and Special Envoy for Climate Change, said that common methodologies will help “build trust that climate finance is flowing.”

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FIP Establishes Dedicated Fund for Indigenous Peoples and Local Communities [viewed]

wb_cif_ci31 March 2015: The World Bank has approved a climate investment mechanism to be implemented by indigenous peoples and local communities seeking to address deforestation and forest degradation.

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Event: AfDB Annual Meetings 2015 [viewed]

During its Annual Meetings 2015, the African Development Bank (AfDB) will celebrate its 50th anniversary and elect its next president. The meetings will be held under the theme 'Africa and the New Global Landscape'. The agenda includes, inter alia: the launches of the African Economic Outlook (AEO 2015) and the Africa Ecological Futures Report; discussions on youth leaders, gender equality, Ebola, agribusiness, Africa's Power Challenge, local currency bond markets, stock exchanges, and water, sanitation and hygiene (WASH); high-level events on the anticipated global climate change agreement and financing Africa's development post-2015; and meetings of the Board of Governors.  

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March 2015 Sustainable Energy Finance Update [viewed]

march_2015_sustainable_rnergyMarch 2015: Sustainable energy finance projects in Albania, Armenia, Chad, China, Georgia, Honduras, Latvia, Morocco, Poland, Romania, Ukraine and the EU were announced by the African Development Bank (AfDB), Asian Development Bank (ADB), Climate Investment Funds (CIF), European Bank for Reconstruction and Development (EBRD), European Commission, European Investment Bank (EIB), Inter-American Development Bank (IDB) and World Bank during the month of March. In addition, the multilateral development banks (MDBs) and World Bank released publications related to sustainable energy finance, and EBRD and the World Bank hosted energy efficiency and renewable energy events.

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March 2015 Climate Finance Update [viewed]

march_climate_finance_201531 March 2015: During the month of March 2015, the African Development Bank (AfDB), the Asian Development Bank (ADB), the Center for International Forestry Research (CIFOR), the European Investment Bank (EIB), the UN Development Programme (UNDP)/World Bank Climate Finance Options (CFO) platform and the World Bank reported on climate finance projects, mechanisms and developments. ADB, EIB, the European Bank for Reconstruction and Development (EBRD), the Inter-American Development Bank (IDB), the Nordic Environment Finance Corporation (NEFCO), the Climate Investment Funds (CIF), the UN Environment Programme Finance Initiative (UNEP-FI) and the World Bank released publications and organized events.

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Technologies to Support MRV and Track Private Sector Deforestation Commitments [viewed]

cifor_profor_unep_wcmc1 April 2015: During March, the month that marked the celebration of the International Day of Forests, a number of significant forest-related research studies, tools and technologies were released.

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Event: Climate Finance Day 2015 [viewed]

The European Investment Bank (EIB) and Caisse des Dépôts are organizing this event to give private financial operators an opportunity to reflect on "how to shift the trillions" of dollars needed toward the goal of limiting average global temperature rise to below 2°C. The banking and financial sector will share solutions for reducing financing for a high carbon economy, engage in debates on green investment, highlight successful policies that lower risks and open up opportunities, and showcase its commitment to combating climate change.  

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