Regional Development Bank

AfDB, Denmark Establish Sustainable Energy Fund for Africa [viewed]

15 July 2011: The African Development Bank (AfDB) and the Government of Denmark have entered into a technical cooperation agreement to establish a sustainable energy fund for Africa (SEFA). With a budget of US$57 million, the SEFA's objective is to provide technical capacity building and capital for investment to support sustainable energy provision for small and medium enterprises (SMEs) in Africa over a five-year period.

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IDB Finances Wind Power Farms in the Dominican Republic [viewed]

IDB13 July 2011: The Inter-American Development Bank (IDB) is promoting wind power energy in the Dominican Republic, through loans for a total of US$78.3 million for the construction of two wind farms that will add 80.6 megawatts to, and diversify, the national energy matrix.

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ADB Supports Biomass Waste Project for Clean Energy [viewed]

11 July 2011: The Asian Development Bank (ADB) Board of Directors has approved a project for regional technical assistance that will assist the Greater Mekong Subregion to increase the efficient use of biomass waste in agriculture to meet the need for clean energy and food security of poor rural communities.

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Africa Carbon Forum: Opportunities for Carbon Offset Projects in Africa are Increasing [viewed]

6 July 2011: The 2011 Africa Carbon Forum, a regional trade fair and knowledge sharing platform for carbon investments, has ended with experts highlighting the increasing opportunities for carbon offset projects in the region, including Clean Development Mechanism (CDM) projects and voluntary projects.

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IDB to Administer GEF Geothermal Project in Colombia [viewed]

5 July 2011: The Inter-American Development Bank (IDB) will administer a US$2.7 million grant from the Global Environment Facility (GEF) to assist the Colombian Government in developing a regulatory framework to foster the use of non-conventional renewable energy, by establishing incentives and removing barriers to investments in geothermal power projects.

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Website Launched for 2012 International Year for Sustainable Energy for All [viewed]

June 2011: The official website in support of the 2012 "International Year for Sustainable Energy for All," with information on the Year itself, recent and future events, how to get involved, other resources, and partners, has been launched.

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Event: CIF November 2011 Committee Meetings [viewed]

The Climate Investment Funds (CIF) are a pair of funds that aim to help developing countries pilot low-emissions and climate-resilient development. The CIF Committee governs the implementation of CIF objectives, which support developing countries in piloting transformations in clean technology, sustainable management of forests, increased energy access through renewable energy, and climate-resilient development.  

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Event: II Meeting on Climate Change of the Regional Policy Dialogue's Climate Change and Disaster Risk Management Network [viewed]

The II Meeting on Climate Change of the Regional Policy Dialogue's Climate Change and Disaster Risk Management Network is organized by the Inter-American Development Bank (IDB). The Dialogue will focus on new strategic trends in combating climate change, such as "green" mechanisms and financial institutions, programmatic bilateral aid programmes, and the implementation of national climate change programmes at the sub-regional and local levels. The program includes a review of specific cases such as the sectoral requirements for adaptation in the water sector, the implementation challenges for mitigation in the forestry sector, and energy efficiency. The meeting will include work sessions to explore the political guidelines of countries in the region in light of the Durban Climate Change Conference.  

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CIF Projects Focus on Climate Resilience and Forests [viewed]

1 July 2011: The Climate Investment Funds (CIF) approved US$444 million in grants and near-zero-interest loans to support five nation-wide strategic programmes for climate resilience in Cambodia, Mozambique, Nepal, St. Lucia, and Zambia, as well as US$90 million in grants for sustainable forest management (SFM) and REDD+ (reducing emissions from deforestation and forest degradation in developing countries, as well as conservation, sustainable management of forests and enhancement of carbon stocks) initiatives in Burkina Faso and Congo DRC.

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AUC Session Opens with Calls for Investments in Sustainable Youth [viewed]

27 June 2011: Speaking at the opening of the 19th ordinary session of the Executive Council of the African Union Commission (AUC), leaders of the AU and other Africa regional organizations highlighted Africa's economic progress and called for a greater role and support for Africa's youth in efforts to achieve sustainable development.

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