International Financial Institution

COP 20 Event Discusses Renewable Energy Development in Latin America [viewed]

limacop205 December 2014: Participants considered ways to maintain the momentum of renewable energy development at an event held on the margins of the Lima Climate Change Conference. The event, 'Renewables Globally and in Latin America: Opportunities and Challenges,' highlighted that the Latin American region is at the forefront of managing renewable energy development, as it currently maintains three times the global average share of renewable energy in its energy mix.

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Adaptation Fund, CDKN Announce 'Climate Finance Ready' Website [viewed]

adaptation-fund-cdkn5 December 2014: The Adaptation Fund and the Climate and Development Knowledge Network (CDKN) announced their creation of a new website called Climate Finance Ready. The website will serve as an online platform for climate finance readiness, by highlighting best practices, articles, links and opportunities for sharing experiences.

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ADB Launches Service to Connect Clean Technology Buyers and Sellers [viewed]

ADB4 December 2014: The Asian Development Bank (ADB) has announced a "first-of-its-kind" service that will link low-carbon technology sellers with interested buyers in the Asian region. In its pilot phase, the 'IPEx Cleantech Asia' marketplace is expected to broker transactions worth approximately US$2-5 million, focusing on clean energy and energy efficiency technologies.

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IDB Highlights Climate Change Initiatives in Latin America [viewed]

limacop204 December 2014: The Inter-American Development Bank (IDB) convened the event 'Climate Change in Latin America and the Caribbean: Successes and Challenges' on the sidelines of the Lima Climate Change Conference. The side event highlighted successful adaptation and mitigation investment initiatives undertaken by IDB in Latin American countries.

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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.

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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.

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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.

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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.

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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.

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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.

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