International Financial Institution

MDBs to Accelerate Efforts on Sustainable, Low-Carbon Transport [viewed]

mdb3 December 2015: On the sidelines of the Paris Climate Change Conference, the Multilateral Development Banks (MDBs) issued a joint statement that recognizes the contribution of transport to greenhouse gas (GHG) emissions and pledges to accelerate efforts to mitigate transport emissions. In their statement, the African Development Bank (AfDB), Asian Development Bank (ADB), CAF-Development Bank of Latin America (CAF), European Bank for Reconstruction and Development (EBRD), European Investment Bank (EIB), Inter-American Development Bank (IDB), Islamic Development Bank (ISDB), and the World Bank outline commitments to accelerate efforts on climate finance, low-carbon transport solutions and adaptation.

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Paris Climate Change Conference Considers Reports from Funds, Side Events Consider Land, Farmers, INDCs [viewed]

cop21_iisdrs2 December 2015: On Wednesday, 2 December, African parties to the 21st session of the Conference of the Parties to the UN Framework Convention on Climate Change (UNFCCC COP 21) endorsed Morocco to host COP 22. Also during the COP plenary, the Strategic Climate Fund reported that, for the first time, it has provided two draft compiled texts on guidance to the Green Climate Fund (GCF) and Global Environment Facility (GEF).

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Coalition Announces US$80 Million for Climate Risk Early Warning Systems [viewed]

cop212 December 2015: A coalition of countries and international organizations including the World Meteorological Organization (WMO), the UN Office for Disaster Risk Reduction (UNISDR) and the World Bank's Global Facility for Disaster Reduction and Recovery (GFDRR) launched the Climate Risk Early Warning Systems (CREWS) initiative, in order to: strengthen support for early warning systems in vulnerable countries; protect and shelter populations exposed to extreme climate events; and mobilize additional financing.

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Paris Pact on Water and Climate Change Adaptation, Other Commitments Announced [viewed]

unfccc_cop212 December 2015: National and local governments, river basin organizations, civil society and businesses announced the creation of coalitions and initiatives related to water and climate change at an event on ‘Water Resilience' under the Lima to Paris Action Agenda (LPAA), which is convening at the Paris Climate Change Conference. These initiatives include: the Paris Pact on Water and Adaptation, MegaCities Coalition on Water; Business Alliance for Water and Climate Change; Adaptation of the West African coastal areas; and Maritime Regions in Action against Climate Change.

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Policy Update #25: Balancing Urgency and Integrity in Climate Finance: The Green Climate Fund's Daunting Task [viewed]

November 2015 began with an historic meeting of the Green Climate Fund (GCF), where the Board of this new international financial institution (IFI) approved the funding for its very first projects and programmes, totaling US$168 million and allocating an additional US$195 million over time. November ended with the first day of negotiations at the much anticipated Paris Climate Change Conference, where finance for mitigation and adaptation is expected to be a contentious issue as governments work toward a new global climate agreement. Climate finance has been named one of the pillars underlying a successful outcome in Paris by the French Presidency of the 21st session of the Conference of the Parties (COP 21) to the UNFCCC.

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Carbon Pricing Leadership Coalition Launched [viewed]

cpl30 November 2015: Governments, businesses and NGOs launched the Carbon Pricing Leadership Coalition on the sidelines of the Paris Climate Change Conference to support the expansion of effective carbon pricing, successful carbon pricing policy development and the use of carbon pricing in business.

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PROFOR Investigates How Forests Enhance Climate Resilience of Drinking Water Supply [viewed]

PROFOR24 November 2015: The Program on Forests (PROFOR) has issued a case study demonstrating how forest preservation and restoration can enhance the climate change resilience of drinking water supplies, focusing on Tegucigalpa, Honduras. Issued as a PROFOR Working Paper, the case study was produced in collaboration with the Tropical Agricultural Research and Higher Education Center (CATIE) and the Center for International Forestry Research (CIFOR) of the CIGAR Consortium.

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Donors Pledge US$248 Million to LDC Fund [viewed]

Global Environment Facility (GEF)30 November 2015: At the opening of the Paris Climate Change Conference, eleven donor countries made pledges totaling US$248 million to the Least Developed Countries Fund (LDCF) of the Global Environment Facility (GEF) to continue financing actions to reduce vulnerability in Least Developed Countries (LDCs) and enable climate-resilient sustainable development and livelihoods.

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MDBs Issue Joint Statement on Increasing Climate Investments [viewed]

mdb30 November 2015: The heads of the multilateral development banks (MDBs) released a joint statement to work together to increase climate investments and to “consider climate change across our strategies, programs, and operations to deliver more sustainable results, with a particular focus on the poor and most vulnerable.” The MDBs released their statement on the sidelines of the 21st session of the Conference of the Parties (COP 21) to the UNFCCC.

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Transformative Carbon Asset Facility to Provide Financial Incentives to Tackle Climate Change [viewed]

world_bank_new30 November 2015: Germany, Norway, Sweden and Switzerland announced a US$500 million initiative to help developing countries tackle climate change by transitioning to carbon-pricing mechanisms. The Transformative Carbon Asset Facility (TCAF) will help developing countries implement plans to cut greenhouse gas (GHG) emissions by providing them with results-based payments for large scale programs in areas such as renewable energy, energy efficiency, low carbon cities and solid waste management.

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