World Bank

World Desertification Day 2015 Showcases Champions of Land Restoration [viewed]

wdcd201517 June 2015: The global observance event for the 2015 World Day to Combat Desertification (WDCD), which took place in Milan, Italy, on 17 June as part of the ongoing UN EXPO Milano, featured high-level speakers, visual and verbal testimonies from community representatives and well-known personalities, and a live music show by the Senegalese band, Titi & Baribagass. The celebrations recognized the 2015 winners of the UN Convention to Combat Desertification (UNCCD) 'Land for Life Award' and international short-writing and cartoon contests, as well as 34 new National Drylands Champions from Brazil and Portugal.

read more »

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.

read more »

Event: Third Geothermal Dialogue [viewed]

The Climate Investment Funds (CIF) and Climate Policy Initiative are organizing the third in a series of Geothermal Dialogues that bring together major actors from the world of energy finance in developing countries, to explore how to scale renewable energy deployment. Building upon the first Geothermal Dialogue in 2014 and the second Geothermal Dialogue in March this year, the meeting will assemble countries receiving support from the Climate Investment Funds for geothermal projects and host countries involved in other geothermal projects, donor countries, project developers and financiers, multilateral development banks, representatives from the CIF Administrative Unit and a few selected additional participants.  

read more »

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.

read more »

CEM6 Announces Actions for Global Clean Energy Transition [viewed]

CEM6 Participants28 May 2015: During the sixth Clean Energy Ministerial (CEM6), “ambitious actions to accelerate the global transition to clean energy” were announced, including global efforts addressing critical technology and policy challenges of efficient lighting, low-carbon power systems and information availability regarding low-carbon development policies. At CEM6, ministers agreed to launch an enhanced, second phase of work under the CEM, referred to as “CEM 2.0.”

read more »

Carbon Expo 2015 Highlights Market Mechanisms for Climate Change Mitigation [viewed]

CARBON EXPO 201228 May 2015: The 12th edition of the Carbon Expo instilled a sense of renewed optimism about the future of carbon markets, according to event organizers. The 2015 Carbon Expo, which is a global carbon market fair and conference, brought together stakeholders from the policy, business, non-governmental, research and financial realms to discuss carbon pricing and finance tools for transitioning to low-carbon economies.

read more »

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.

read more »

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.

read more »

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.

read more »

SE4ALL Global Tracking Framework Reports Rapid but Insufficient Progress [viewed]

progress_toward_sustainable_energy18 May 2015: According to the second edition of the Sustainable Energy for ALL (SE4ALL) Global Tracking Framework, the world has made more rapid progress on sustainable energy during 2010-2012 than the period from 1990-2010, measured in the first edition of the Framework. The report cautions, however, that efforts must further accelerate to achieve SE4ALL's three goals of: doubling the share of renewables in the global energy mix; doubling the global rate of energy efficiency improvement; and ensuring universal access to modern energy by 2030.

read more »