International Financial Institution

Zero Routine Flaring Initiative Receives 20 New Endorsements [viewed]

world_bank_new7 December 2015: The World Bank's Zero Routine Flaring by 2030 Initiative, which encourages oil companies to seek solutions to eliminate the need for flaring by 2030, has received 20 additional endorsements by governments, oil companies and development institutions, bringing the total number to 45 backers, representing more than 40% of global flaring.

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GGGI Launches Inclusive Green Growth Partnership [viewed]

Global Green Growth Institute (GGGI) 7 December 2015: The Global Green Growth Institute (GGGI), in collaboration with multilateral development banks (MDBs) and UN regional, economic and social commissions, has launched the 'Inclusive Green Growth Partnership' to support finance for green growth projects that promote inclusiveness, shared prosperity and equitable growth in emerging economies.

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ADB Brief Highlights Southeast Asia's Mitigation Potential and Climate Vulnerability [viewed]

ADB7 December 2015: In a briefing paper, the Asian Development Bank (ADB) estimates that the impacts of climate change could reduce gross domestic product (GDP) in Southeast Asia by up to 11% by the year 2100 if no action is taken, and highlights the potential for countries to limit their greenhouse gas (GHG) emissions, especially by avoiding deforestation.

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Event: Climate Action 2016 [viewed]

Announced at the 21st session of the Conference of the Parties (COP 21) to the UNFCCC, Climate Action 2016 will convene government, business and municipal leaders, civil society and academia to maintain momentum for multi-stakeholder climate implementation. This high-level gathering aims to complement and promote ongoing climate action on cities, land use, resilience, energy, transport, tools for decision makers, and finance. Organizing partners include: the World Bank; the Global Environment Facility (GEF); the Compact of Mayors; the World Business Council for Sustainable Development (WBCSD); We Mean Business; and the University of Maryland.  

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Oceans Day Urges Single Climate-Ocean Agenda [viewed]

cop214 December 2015: Participants at the Paris Climate Change Conference Oceans Day urged that climate change and oceans be addressed as a "single agenda." They recommended ways to advance this agenda both within and outside the UNFCCC and welcomed actions through Sustainable Development Goals (SDGs) 13 and 14, on climate and oceans, respectively.

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City Leaders Commit to “Game-Changing” Climate Actions [viewed]

cop214 December 2015: City leaders committed to reduce emissions and take actions to promote low-emission, climate-resilient urban infrastructure in a series of events on the sidelines of the Paris Climate Change Conference. The events featured commitments and a publication launch.

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Africa Transport Forum, Africities Discuss Sustainable Urbanization [viewed]

afdb_unhabitatDecember 2015: Participants at two conferences in Africa discussed the importance of sustainable urbanization for the continent. The African Development Bank's (AfDB) Africa Transport Forum 2015 stressed the role of green, inclusive transport in stimulating Africa's sustainable development and ensuring sustainable urbanization. Participants at the Africities Summit presented a common urban agenda ahead of the Third UN Conference on Housing and Sustainable Urban Development (Habitat III), making Africa the first region to do so.

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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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