Regional Development Bank

June 2015 Climate Finance Update [viewed]

june2015-climatefinance11 July 2015: During the month of June, the Asian Development Bank (ADB), the African Development Bank (AfDB), the Inter-American Development Bank (IDB), the World Bank, the Adaptation Fund, the World Agroforestry Centre, the UN Office for Disaster Risk Reduction (UNISDR), the Caribbean Development Bank (CDB), the Global Environment Facility (GEF), the Green Climate Fund (GCF) and the UN Environment Programme (UNEP) DTU Partnership reported on climate finance projects and other related news. ADB, AfDB, GCF, the World Bank, the International Finance Corporation (IFC), the Partnership for Market Readiness (PMR), the Climate Investment Funds (CIF), the UNEP Finance Initiative (UNEP FI) and the International Fund for Agricultural Development (IFAD) launched publications.

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African Development Bank Launches Payments for Ecosystem Services Report [viewed]

AfDB9 June 2015: The African Development Bank (AfDB) has released the first report, titled ‘Payment for Environmental Services: A promising tool for natural resources management in Africa,' of an AfDB-Climate Investment Funds (CIF) knowledge series that will gather and share initial lessons in implementing and financing green and inclusive growth projects in Africa.

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Asia Clean Energy Forum 2015 Celebrates Tenth Anniversary [viewed]

asia-energy-forum19 June 2015: The Asia Clean Energy Forum (ACEF) 2015 brought together energy professionals for the tenth time in Manila, the Philippines, to hear presentations by more than 200 speakers and share best practices relating to clean energy policy and regulatory frameworks, technology development and applications, and business models and finance. The event was hosted by the Asian Development Bank (ADB), and organized by ADB, the US Agency for International Development (USAID), the World Energy Council (WEC) and the Korea Energy Management Corporation (KEMCO).

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Southern, Eastern European Countries Seek Ways to Adopt Climate-friendly Technologies [viewed]

fao-iea-ebrd17 June 2015: A workshop for post-Soviet and southern and eastern Mediterranean countries convened to discuss policies and investment conditions conducive to the development and transfer of energy efficiency, renewable energy and other low-carbon technologies. The workshop was organized by the European Bank for Reconstruction and Development (EBRD) and the International Energy Agency (IEA) in collaboration with the Food and Agriculture Organization of the UN (FAO), and hosted by the Turkish Ministry of Energy and Natural Resources.

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Multilateral Development Banks Report 19% Increase in Climate Finance [viewed]

mdbs-logos-pr-header16 June 2015: Six multilateral development banks (MDBs) have launched the fourth edition of their annual joint report on climate finance. The report finds that, in 2014, the MDBs committed more than US$28.35 billion in financing to developing countries and emerging economies, with US$23.28 billion dedicated to mitigation efforts, and US$5.07 billion to adaptation work.

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GEF Council Approves Largest Proposed Work Program in History of GEF Financing [viewed]

Participants at the 48th meeting of the GEF Council 4 June 2015: The 48th meeting of the Global Environment Facility (GEF) Council adopted the largest proposed Work Program in the history of GEF financing, involving a total of US$709 million of GEF Trust Fund resources, plus an indicative amount of US$4.81 billion in co-financing. The Work Program encompasses Integrated Approach Pilots (IAPs) on sustainable cities, food security in sub-Saharan Africa, and taking deforestation out of commodity supply chains, as well as other projects and programs.

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May 2015 Climate Finance Update [viewed]

AfDB - IDB - Adaptation Fund - UNDP - GEF - World Bank - APEC - SLoCaT - UNISDR - ADB - EIB1 June 2015: Climate finance-related news and announcements during May 2015 were published by the African Development Bank (AfDB), the Inter-American Development Bank (IDB), the Adaptation Fund, the UN Development Programme (UNDP), the Global Environment Facility (GEF), the World Bank, Asia-Pacific Economic Cooperation (APEC), the Partnership on Sustainable Low Carbon Transport (SLoCaT) and the UN Office for Disaster Risk Reduction (UNISDR). AfDB, IDB, the Asian Development Bank (ADB), the European Investment Bank (EIB) and the World Bank launched studies, reports and stories related to climate risk and finance. AfDB, ADB and the World Bank reported on climate change and finance-related events.

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May 2015 Sustainable Energy Finance Update [viewed]

AfDB-ADB-EBRD-EIB-GEF-IDB-OPEC-World BankMay 2015: In May, the African Development Bank (AfDB), Asian Development Bank (ADB), European Bank for Reconstruction and Development (EBRD), European Investment Bank (EIB), Global Environment Facility (GEF), Inter-American Development Bank (IDB), OPEC (Organization of the Petroleum Exporting Countries) and World Bank announced funding for sustainable energy projects.

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CIF Expands Investment Opportunities to 72 Countries [viewed]

CIF19 May 2015: Decisions taken during the semi-annual Climate Investment Funds (CIF) governing body meetings will bring the US$8.1 billion CIF to a total of 72 developing and middle-income countries in the areas of renewable energy, technology, sustainable forestry and climate resilience. During the meetings, the CIF earmarked US$100 million to Ghana, Nicaragua and Haiti to help them develop their renewable energy markets.

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Event: Workshop on Corruption Risks and Anti-Corruption Strategies in Climate Aid [viewed]

The 'Workshop on Corruption Risks and Anti-Corruption Strategies in Climate Aid – Good Governance towards Integrity, Transparency, and Accountability in Achieving Objectives of Climate Mitigation and Adaptation' will discuss: how to most effectively address corruption; and how anti-corruption efforts can be integrated into measures that achieve good governance in combating climate change, and ensuring transparent, efficient and accountable use of climate finance. This high-level and interactive workshop will present cases drawn from climate aid flows and corruption examples in climate aid in the Philippines. Trainers from the U4 Anti-Corruption Resource Centre, as well as the Asian Development Bank (ADB) and staff from the German Gesellschaft fuer Internationale Zusammenarbeit (GIZ), will facilitate a training workshop. More specifically, the event aims to: develop a common understanding of corruption risks, causes and consequences in climate financial flows and uses, including regarding natural resource management; examine existing and potential anticorruption strategies to mitigate corruption risks in climate financing and in natural resource management; and formulate recommendations for mitigating corruption risk in the climate financing flows at country level, using the Philippines as a case study. The workshop is being organized by ADB, in collaboration with GIZ, the U4 Anti-Corruption Resource Centre, and in partnership with the Government of the Philippines' Office of the Ombudsman.  

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