International Financial Institution

November 2015 Climate Finance Update [viewed]

november_climate_financeNovember 2015: During the month of November, the Asian Development Bank (ADB), the Caribbean Development Bank (CDB), the European Investment Bank (EIB), the European Bank for Reconstruction and Development (EBRD), the World Bank, the International Finance Corporation (IFC) and the Green Climate Fund (GCF) reported on new financing, collaborations and other climate finance news. Multilateral Development Banks (MDBs), climate funds and forestry research centers launched studies, think pieces and multimedia content on, inter alia, climate-related disasters, vulnerability in Africa, stranded assets, Adaptation Fund activities and REDD+.

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November 2015 Sustainable Energy Finance Update [viewed]

November 2015 Sustainable Energy1 December 2015: During the month of November, the African Development Bank (AfDB), the Asian Development Bank (ADB), the Climate Investment Funds (CIF), the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), the French Development Agency (AFD) and the Inter-American Development Bank (IDB), among others, announced sustainable energy project funding and initiatives. AfDB, IDB and Bloomberg New Energy Finance (BNEF) released reports on financing and deploying clean energy. A number of related events took place throughout the month.

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October-November 2015 NAMA Update [viewed]

nama_updateNovember 2015: This update provides information on individual nationally appropriate mitigation actions (NAMAs) by developing countries, including NAMAs seeking support for preparation and implementation, and related support, events and activities, for the period from October to November 2015.

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African Decision Makers Discuss Risk Management and Financing for Resilience [viewed]

ur20 November 2015: The first 'Understanding Risk and Finance Conference for Africa' provided a forum for African decision makers to discuss strategies and approaches to mitigate the socioeconomic, fiscal, and financial impacts of disasters, including those of climate change.

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GEF Reports on Developing Countries' NCs and BURs Activities [viewed]

UNFCCC6 November 2015: The UNFCCC Secretariat has published the 'Information provided by the Global Environment Facility (GEF) on its activities relating to the preparation of national communications and biennial update reports' (FCCC/SBI/2015/INF.15).

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UN-REDD Programme Concludes 15th Policy Board Meeting [viewed]

unredd11 November 2015: Three new National Programmes were presented by Chile, Myanmar and Peru at the 15th meeting of the UN-REDD Programme's Policy Board, held from 9-10 November 2015, in San José, Costa Rica. Support for the 2016-2020 phase of the Programme was reaffirmed by its three collaborating UN agencies, the Food and Agriculture Organization of the UN (FAO), the UN Development Programme (UNDP) and the UN Environment Programme (UNEP).

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Event: 12th Meeting of the Board of the Green Climate Fund [viewed]

During its 12th meeting, the Green Climate Fund (GCF) Board is set to discuss a number of pending issues related to fully operationalizing the Fund, and its policies and procedures. Among other things, the Board intends to consider proposals from entities wishing to be accredited by the Fund. The meeting will take place the week of 7 March 2016, with exact dates to be determined based on the length of the agenda. The Board governs and supervises the GCF based on guidance from the Conference of the Parties to the UNFCCC, including on matters relating to policies, programme priorities and eligibility criteria and matters related thereto.  

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World Bank Highlights Poverty Reduction Benefits of Climate-Smart Development [viewed]

World Bank8 November 2015: In advance of the Paris Climate Change Conference, the World Bank has published a report, titled 'Shock Waves: Managing the Impacts of Climate Change on Poverty,' which finds that poverty reduction and the fight against climate change can be more effectively achieved if addressed in tandem. It indicates that climate change poses “an acute threat” to poorer people, and has the potential to push more than 100 million people back into poverty by 2030, mostly in Sub-Saharan Africa and South Asia.

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Global Joint REDD+ Knowledge Exchange Day Shares Lessons and Challenges [viewed]

unredd-fcpf8 November 2015: The Forest Carbon Partnership Facility (FCPF) and the UN Programme on Reducing Emissions from Deforestation and Forest Degradation (UN-REDD) hosted the 2015 Global Joint (REDD+) Exchange Day on 8 November 2015, in San José, Costa Rica. The event was designed as a country-led South-South knowledge exchange opportunity, and was webcasted live.

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GCF Board Approves First Projects [viewed]

green-climate-fund-new6 November 2015: The Green Climate Fund (GCF) is set to fund its first projects after the Board approved eight proposals at its 11th meeting (GCFB 11). The approved funding, which is contingent on fulfillment of specified conditions for seven of the projects, totals US$168 million. At the meeting, the Board also adopted an initial monitoring and accountability framework for accredited entities, a process to develop a strategic plan, a decision on the readiness programme and an updated set of administrative guidelines on procurement.

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