International Financial Institution

June 2014 Sustainable Energy Finance Update [viewed]

World Bank, IDB, GEF, EIB, EBRD, CIF, ADB, AFDB1 July 2014: During the month of June, the World Bank, the Global Environment Facility (GEF), the Climate Investment Funds (CIF), the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), the Asian Development Bank (ADB), the African Development Bank (AfDB), and the Inter-American Development Bank (IDB) undertook activities and approved funding for sustainable energy projects in various countries, including: Kazakhstan, Moldova, Ukraine, Slovakia, Sweden, Ecuador, the Dominican Republic, Japan and South Africa.

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June 2014 Climate Finance Update [viewed]

ebrd-worldbank-adb-gef-eib-afdb30 June 2014: During the months of May and June, the Global Environment Facility (GEF), the Asian Development Bank (ADB), the African Development Bank (AfDB), the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), the Climate Investment Funds (CIF) and the International Fund for Agricultural Development (IFAD) have reported on various climate finance activities and projects, or published reports or newsletters related to climate finance.

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CIF Expands to 63 Countries [viewed]

CIF28 June 2014: During meetings of the Climate Investment Funds (CIF) Trust Fund Committees and Sub-Committees, decisions were taken inviting 14 developing countries to join the Scaling Up Renewable Energy in Low Income Countries Program (SREP) and an additional country to participate in the Clean Technology Fund (CTF), expanding the total number of CIF countries to 63.

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ADB, Japan Launch Low-Carbon Technology Fund [viewed]

adb-japan25 June 2014: The Asian Development Bank (ADB) and the Government of Japan have announced the creation of the Japan Fund for the Joint Crediting Mechanism (JFJCM), which will promote the adoption of advanced low-carbon technologies in the Asian region.

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CIF 2014 Partnership Forum Focuses on Stakeholder Engagement [viewed]

cif-forum24 June 2014: The Climate Investment Funds (CIF) 2014 Partnership Forum brought together over 400 participants, representing governments, civil society, indigenous peoples, the private sector, development partners and researchers, to learn and share lessons emerging from the CIF on how to foster partnerships and attract investment to deliver low-carbon and climate-resilient development results.

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World Bank Analyzes Economic, Health Benefits of Climate-Smart Policies [viewed]

World Bank23 June 2014: The World Bank, in partnership with the ClimateWorks Foundation, has released an analysis that estimates global economic output could increase by US$1.8 trillion annually through government policies that encourage energy efficiency and improve public transport. The report finds that such policies could save over one million lives, reduce crop losses by 1-1.5 million tons, and avoid 355 to 520 million metric tons of CO2 equivalent emissions.

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Our Ocean Conference Garners Over $800 Million in Ocean Conservation Commitments [viewed]

our-ocean17 June 2014: US Secretary of State John Kerry announced that the US State Department's 'Our Ocean' conference resulted in more than US$800 million in government and private sector commitments to conserve the ocean and its resources. The conference aimed to develop strategies for protecting oceans through three pillars focused on: sustainable fisheries; marine pollution from land-based and ocean-based sources; and ocean acidification, as addressed in the ‘Our Ocean Action Plan.'

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UNEP's 'OurPlanet' Magazine Features UN Environment Assembly [viewed]

UNEPJune 2014: The theme of the June 2014 edition of the UN Environment Programme's (UNEP) 'OurPlanet' magazine is 'The First United Nations Environment Assembly' (UNEA), which is taking place from 23-27 June 2014. Touching on many of the key items of discussion at UNEA, the edition explores issues such as the role of cities in combating climate change, environmental planning in China and renewable energy opportunities in Africa.

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ADB Clean Energy Investments Exceed 2013 Goal [viewed]

ADBJune 2014: The Asian Development Bank (ADB) has released a report titled ‘2013 Clean Energy Investments: Project Summaries,' which highlights that ADB's total investments in clean energy in 2013 amounted to US$2.3 billion, exceeding the annual target of US$2 billion. The report shows an increased focus on the public sector, with public or sovereign loans making up 72% of the total figure.

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AfDB Approves Regional Fragility Strategy [viewed]

AfDB19 June 2014: The African Development Bank (AfDB) will implement a strategy for addressing fragility and building resilience in Africa for the period 2014-2019. The strategy takes a regional approach to fragility, focusing on fragile situations, rather than fragile States. Its conceptual approach recognizes that fragility can have spillover effects, jeopardizing the development of whole regions.

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