International Financial Institution

UK Allocates £40 Million to BioCarbon Fund [viewed]

Worldbanklogo27 January 2015: The Government of the United Kingdom of Great Britain and Northern Ireland (UK) announced a contribution of £40 million to the World Bank administered BioCarbon Fund (BCF). The funding will support the BCF Initiative on Sustainable Forest Landscapes (ISFL) in order to reduce greenhouse gas (GHG) emissions from land use, deforestation and forest degradation.

read more »

Report Examines Early Lessons from Jurisdictional REDD+ [viewed]

fcpf_wbJanuary 2015: The Nature Conservancy (TNC) and the Forest Carbon Partnership Facility (FCPF) completed an analysis of experiences in jurisdictional REDD+; that is REDD+ programmes implemented at the sub-national level rather than on a project-by-project basis. Overall, the report notes that a jurisdictional approach to REDD+ can work effectively across land types and engage a broad range of stakeholders, however working at such a large scale often presents significant challenges in terms of mobilizing technical and human capacity.

read more »

World Bank Supports DRR in Timor-Leste, Mongolia [viewed]

Worldbanklogo6 February 2015: The World Bank signed a three-year US$2.7 million grant agreement to finance the Community-Based Disaster Risk Management (CBDRM) project along the Dili-Ainaro Road Corridor in Dili, Timor-Leste. Together with the National Disaster Management Agency (NEMA) and the Asian Disaster Preparedness Center (ADPC), it also hosted a training programme on ‘Disaster Risk Reduction' in Ulaanbaatar, Mongolia.

read more »

Delhi Summit Addresses SDGs, Climate Change [viewed]

terlin8 February 2015: The Delhi Sustainable Development Summit (DSDS), convening in New Delhi, India, for the 15th time, focused on theme ‘Sustainable Development Goals and Dealing with Climate Change.' The Summit brought together Heads of State and Government from approximately 20 countries, together with Nobel laureates, business leaders and academics, to provide inputs to the Sustainable Development Goals (SDGs) process and on action on climate change.

read more »

January 2015 Climate Finance Update [viewed]

adaptation-fund-adb-cif-ebrd-idb-wb31 January 2015: During January 2015, the Adaptation Fund, the Asian Development Bank (ADB), the Climate Investment Funds (CIF) and the World Bank reported on new funding and projects, and on finance-related tools and capacity-building activities. ADB, the European Bank for Reconstruction and Development (EBRD), the Inter-American Development Bank (IDB) and the World Bank published articles, studies and other material on, inter alia: climate proofing of transport infrastructure; vulnerability and resilience in cities; financial instruments; and carbon pricing and offsets.

read more »

January 2015 Sustainable Energy Finance Update [viewed]

AfDB-ADB-CDB-EBRD-EIB-IDB-IRENA-SE4ALL-World Bank31 January 2015: In the first month of 2015, the African Development Bank (AfDB), Asian Development Bank (ADB), Caribbean Development Bank (CDB), European Bank for Reconstruction and Development (EBRD), European Investment Bank (EIB), Inter-American Development Bank (IDB), International Renewable Energy Agency and Abu Dhabi Fund for Development (IRENA/ADFD), Sustainable Energy for All (SE4ALL) initiative and the World Bank financed projects, published reports and undertook various other activities related to sustainable energy.

read more »

AfDB Climate Change Committee Shares Knowledge on COP 20 Outcomes [viewed]

AfDB22 January 2015: The Climate Change Coordination Committee (CCCC) of the African Development Bank (AfDB) held a knowledge-sharing seminar at the AfDB's headquarters in Abidjan, Nigeria, to discuss the outcomes of the 20th session of the Conference of Parties (COP 20) to the UN Framework Convention on Climate Change (UNFCCC) held in Lima, Peru, in December 2014. The CCCC also addressed expectations for COP 21 to be held in Paris, France, from 30 November - 11 December 2015.

read more »

UNFF Launches Website to Support Financing for SFM [viewed]

UnffJanuary 2015: The UN Forum on Forests (UNFF) launched a website to support the ongoing Facilitative Process adopted to assist developing countries in identifying and accessing financing for sustainable forest management (SFM). The Facilitative Process is based on the tenants of a bottom-up approach that takes into account the multiple uses and values of forests as well as the range of ecosystem services they provide.

read more »

Guest Article #125: Promoting Climate Resilience in the Greater Mekong Subregion: The Role of the GMS Core Environment Program [viewed]

The Greater Mekong Subregion (GMS) comprises Cambodia, the Lao People's Democratic Republic (Lao PDR), Myanmar, Thailand, Viet Nam, and the Yunnan and Guangxi Provinces of the People's Republic of China. Connected by the Mekong River, the subregion covers 2.6 million square kilometers and has a combined population of about 332 million. The GMS has been one of the fastest growing regions in the world, with gross domestic product (GDP) growth averaging over 9.5% annually between 2000 and 2009.

read more »

World Bank Investments to Fuel Largest Solar Project in Central America [viewed]

World Bank-IFC-CIF13 January 2015: The World Bank Group's International Finance Corporation (IFC) and the Climate Investment Funds (CIF) have announced financing to help SunEdison build the largest solar photovoltaic (PV) development in Central America to date. A total investment of US$146 million will support the construction of 81.7 megawatts (MW) of solar PV in Honduras.

read more »