International Financial Institution

UNDP, Mitsubishi UFJ Announce Shortlisted Proposals for Climate Finance Award [viewed]

World Bank UNDP3 December 2014: The UN Development Programme (UNDP) MDG Carbon and Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. have announced 12 shortlisted proposals for the Climate Finance Innovation Award. The winning proposal will be awarded US$10,000.

read more »

GCF Open Forum Raises Awareness on GCF Operations [viewed]

limacop203 December 2014: A 'Green Climate Fund (GCF) Open Forum,' organized on the margins of the Lima Climate Change Conference, raised awareness of GCF operating procedures with regard to country readiness, accreditation, implementing entities and project pipelines. GCF convened the Forum to engage interested stakeholders and offer them an opportunity to understand the GCF, as it is expected to begin disbursements in 2015.

read more »

Guest Article #118: The Adaptation Fund's Success Story [viewed]

In just a few short years, the Adaptation Fund (AF) has built a focused, effective, and transparent climate adaptation financing instrument that directly aids the most vulnerable communities in developing countries.

read more »

GEF Publication Summarizes 20 Years of UNFCCC COP Guidance [viewed]

GEF3 December 2014: The Global Environment Facility (GEF) has presented a report to the 20th session of the Conference of Parties (COP 20) to the UNFCCC in Lima, Peru, on its response to guidance received at COP 19 in 2013. As an operating entity of the UNFCCC's financial mechanism, the GEF functions under the guidance of and is accountable to the COP, which decides on UNFCCC-related policies, programme priorities and eligibility criteria.

read more »

World Bank Loan to Help Uruguay Mitigate Climate Shocks [viewed]

World Bank2 December 2014: The World Bank Group has approved a US$200 million loan to stabilize electricity costs and tariffs in the event of droughts in Uruguay, with the aim of avoiding financial pressures that might affect the government's ability to provide services to the poor. The loan will contribute to providing insurance coverage to support the Energy Stabilization Fund in mitigating climate shocks while helping to diversify the country's energy sector.

read more »

LEG Reviews National Adaptation Planning Progress [viewed]

limacop202 December 2014: On the margins of the Lima Climate Change Conference, the Least Developed Countries (LDC) Expert Group (LEG) presented an overview of the LEG programme at a side event organized by the UNFCCC Secretariat. The event discussed the LEG programme's first regional workshop for Pacific LDCs on National Adaptation Plans (NAPs) and highlighted an information paper on the gaps and needs in the formulation of NAPs.

read more »

AfDB, World Bank Partner to Improve Hydromet Services in Africa [viewed]

AfDB27 November 2014: The African Development Bank (AfDB) and the World Bank held a seminar on improving Africa's hydrological and meteorological systems in order to capture weather and climate data and disseminate information to assist in development planning. Discussions emphasized the critical role of hydrometeorological services in providing information to support economic development and build resilience in many sectors in Africa, including disaster risk reduction and management, water, agriculture, transport, energy, public health and aviation safety and security.

read more »

UNFCCC Publishes Addendum to GEF Report to COP 20 [viewed]

UNFCCC25 November 2014: The UNFCCC Secretariat has released an addendum to the report of the Global Environment Facility (GEF) to the 20th session of the Conference of the Parties (COP 20) to the UNFCCC, containing information on consultations between the GEF and the Climate Technology Center and Network (CTCN). The report discusses a workshop that was co-organized by the GEF Secretariat and the CTCN, during which participants considered, inter alia, joint efforts and cooperation to accelerate climate-related technology transfer.

read more »

November 2014 Climate Finance Update [viewed]

adb-eib-idb-wb-ifad-unidoNovember 2014: During November 2014, the African Development Bank (AfDB), the International Fund for Agricultural Development (IFAD), the UN Industrial Development Organization (UNIDO) and the World Bank reported on project approvals and progress in ongoing projects in Africa and Asia. AfDB, the Asian Development Bank (ADB), the European Investment Bank (EIB), the Inter-American Development Bank (IDB) and the World Bank launched publications on, inter alia, climate adaptation technologies, urban climate resilience and climate finance.

read more »

World Bank Report: 'New Climate Normal' Severe Risk to Development [viewed]

World Bank23 November 2014: Warming nearing 1.5°C above pre-industrial levels “is already locked into the Earth's atmospheric system by past and predicted greenhouse gas (GHG) emissions,” according to the third installment in the World Bank's ‘Turn Down the Heat' series. ‘Turn Down the Heat: Confronting the New Climate Normal' examines the risks increased climate change poses to development across Latin America and the Caribbean, Eastern Europe and Central Asia and the Middle East and North Africa.

read more »