International Financial Institution

World Bank President Highlights Role of Economic Transformation in Net Zero Emissions [viewed]

Worldbanklogo8 December 2014: In a speech to the Council on Foreign Relations in Washington DC, US, World Bank Group President Jim Yong Kim called on countries to price carbon, eliminate fossil fuel subsidies, create conditions favoring renewable energy and invest in projects that can withstand extreme weather events. He said a 2015 agreement must send signals to investors and financial markets that could help transform economies toward achieving zero net emissions of harmful pollutants before 2100, in order to keep temperature below 2°C. According to Kim, economic policy will be key to achieving this goal.

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KfW Launches Geothermal Facility for Latin America at COP 20 [viewed]

limacop208 December 2014: KfW Development Bank launched the Geothermal Development Facility (GDF) for Latin America on the margins of the Lima Climate Change Conference. The GDF, the first multi-donor climate initiative to promote geothermal resources on a continental scale, will provide at least US$75 million in grant-based risk mitigation instruments and US$1 billion in financing to geothermal projects in 10 Latin American countries.

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Event: Transforming Transportation 2015: Smart Cities for Shared Prosperity [viewed]

Transforming Transportation 2015 will convene under the theme of Smart Cities for Shared Prosperity. Participants will examine how smart, connected urban mobility can improve quality of life in cities and discuss how the Sustainable Development Goals (SDGs) will impact urban transport, with an emphasis on data and technology, governance, and international financial flows. Transforming Transportation is an annual conference co-organized by the World Resources Institute's EMBARQ Initiative and the World Bank.  

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UNEP Launches Adaptation Gap Report 2014 [viewed]

limacop206 December 2014: The UN Environment Programme (UNEP) has launched its Adaptation Gap Report 2014 on the sidelines of the Lima Climate Change Conference. The report aims to identify adaptation needs and realities on the ground and focuses on funding, technology and knowledge gaps in developing countries. The report states that, by 2050, the annual cost of adaptation in developing countries will likely reach two to three times the US$70-100 billion previously estimated, even if mitigation goals are met.

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WRI, ICLEI, C40 Launch Global Standard for Measuring Municipal GHG Emissions [viewed]

limacop208 December 2014: The World Resources Institute (WRI), ICLEI - Local Governments for Sustainability and the C40 Cities Climate Leadership Group have created a standard for cities to measure and report their greenhouse gas (GHG) emissions. The organizations launched the 'Global Protocol for Community-Scale Greenhouse Gas Emission Inventories (GPC)' at a side event at the Lima Climate Change Conference.

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Adaptation Fund Reviews Direct Access Finance Experiences at COP 20 Event [viewed]

limacop205 December 2014: The Adaptation Fund (AF) Board, Indigo Development & Change and the Adaptation Fund Non-Governmental Organization (NGO) Network hosted a side event at the Lima Climate Change Conference reviewing the implementation of the Adaptation Fund's direct access modality in Africa. The event, 'Adaptation Fund: An Overview of Direct Access Implementation,' also highlighted lessons learned for scaling adaptation activities through direct access finance.

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World Bank Supports REDD+ Local Participation in the Amazon [viewed]

Worldbanklogo4 December 2014: Reflecting on the important role of indigenous peoples and local communities in preserving forests, a World Bank feature story explores examples of community participation in REDD+ projects in Mexico, Nicaragua and Peru.

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CIF Releases Semi-annual Report on FIP [viewed]

CIF19 November 2014: The Climate Investment Funds (CIF) has released its semi-annual operational report on the Forest Investment Program (FIP) highlighting the completion of the programming process in eight countries and announcing that US$595 million has been pledged by FIP.

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FCPF Presents Progress Update to FIP [viewed]

Forest Carbon19 November 2014: The Forest Investment Program (FIP) Sub-Committee heard a progress update from the Forest Carbon Partnership Facility (FCPF), which highlighted that 11 additional countries have been selected for inclusion in FCPF and that a Readiness Assessment Framework and a Methodological Framework have been approved for the FCPF Readiness Fund and Carbon Fund, respectively.

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FAO, World Bank Quantify Benefits of No-till Agriculture in Ukraine [viewed]

fao-worldbank5 December 2014: The national annual benefits from no-till conservation agriculture in Ukraine could counterbalance natural capital depletion caused by soil erosion, according to an analysis by the Food and Agriculture Organization of the UN (FAO) and the World Bank. Their report, titled ‘Ukraine: Soil Fertility to Strengthen Climate Resilience,' provides recommendations on addressing soil erosion, climate change impacts and excessive land tillage in Ukraine.

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