Regional Development Bank

EBRD and Japan Sign MoU to Support Energy Efficiency and Climate Change Mitigation [viewed]

3 September 2010: The European Bank for Reconstruction and Development (EBRD) and Japan Bank for International Cooperation (JBIC) signed a Memorandum of Understanding (MoU) to cooperate in the co-financing of environmental projects, the development of carbon emission reduction instruments, and co-financing and non-sovereign financing of municipal infrastructure, in particular linked to climate-related projects.

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ADB Launches First Clean Energy Bond [viewed]

1 September 2010: The Asian Development Bank (ADB) has launched its first Clean Energy Bond, targeted at Japanese retail investors, to support clean energy projects in Asia and the Pacific.

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Event: Japan-CARICOM Public Symposium on Climate Change and Biodiversity [viewed]

This public symposium is co-organized by the UN University (UNU), the Ministry of Foreign Affairs of Japan, and the Inter-American Development Bank (IDB). It will be held back-to-back with the second Japan-Caribbean Community (CARICOM) ministerial-level conference and will bring together the foreign ministers of the 15 CARICOM member countries. The ministers will be joined by Japanese academics and experts to discuss the threats from climate change faced by CARICOM countries, in particular those that are small island States. These include more frequent and intense hurricanes, subsequent flooding and erosion, and rising sea level. The symposium will also explore further cooperation between CARICOM and Japan.  

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Event: Workshop on Improving the Regional Distribution of CDM Projects in Asia and the Pacific [viewed]

This workshop is organized by the Asian Development Bank (ADB), in collaboration with the Institute for Global Environmental Strategies (IGES) and the UN Framework Convention on Climate Change (UNFCCC) Secretariat. It aims to increase the number of Clean Development Mechanism (CDM) projects in countries currently hosting fewer than ten registered CDM projects. The workshop will provide participants with the opportunity to enhance their knowledge on recent developments on CDM modalities, identifying and overcoming barriers for the promotion of CDM projects in their countries and related technical, financial and policy issues. The workshop also offers one-on-one discussion with the ADB team of experts to discuss project structuring and options to move forward. The workshop is a first of a series targeting participation from seven countries with less than ten registered CDM projects, namely: Bangladesh, Bhutan, Cambodia, Lao PDR, Mongolia, Nepal and Sri Lanka.  

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Pacific Islands Forum Communiqué Addresses Climate Change [viewed]

5 August 2010: The 41st meeting of the Pacific Islands Forum, which took place in Port Vila, Vanuatu, from 4-5 August 2010, concluded with the issuance of a Communiqué, which contains a section on climate change.

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IDB Supports Private Bank's Green Portfolio [viewed]

3 August 2010: The Inter-American Development Bank (IDB) approved a US$30 million loan to Banco de Galicia y Buenos Aires to create an innovative sustainable facility to scale up private sector financing for projects in the areas of renewable energy, energy efficiency and agriculture, among others.

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IDB Funds Geothermal Expansion in Nicaragua [viewed]

2 August 2010: The Inter-American Development Bank (IDB) will fund the expansion of geothermal power generation capacity in Nicaragua with a US$40 million loan to the company Polaris Energy Nicaragua S.A.

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Event: Climate Investment Funds Committee Meetings [viewed]

The Climate Investment Funds (CIF) Committees and Sub-committees are meeting to approve new projects under this financing framework. The CIF are a unique pair of financing instruments designed to support low-carbon and climate-resilient development through scaled-up financing channeled through the African Development Bank (AfDB), the Asian Development Bank (ADB), the European Bank for Reconstruction and Development (EBRD), the Inter-American Development Bank (IDB) and the World Bank Group.  

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EIB Funds Low-Carbon Vehicle Engine Research at Ford [viewed]

12 July 2010: The European Investment Bank (EIB) will provide GBP 450 million to the car-maker Ford for the development of low-carbon emission diesel and petrol engines.

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ADB Invests in Clean Development Fund for the Greater Mekong Subregion [viewed]

9 July 2010: The Asian Development Bank (ADB) has announced that it will invest US$15 million to support clean energy projects in the Greater Mekong Subregion and South Asia through the Mekong Brahmaputra Clean Development Fund.

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