World Bank

Sustainable Energy Finance Update: MDBs Offer Broad Energy Sector Support; Off-Grid, Transport, Industry Receive Boost [viewed]

Sustainable_energy_finance1 September 2016: The month of August saw several financing announcements that, instead of focusing on a single project, will support many aspects of the energy sector in several countries, in the context of economic and infrastructure development. In addition, this Update reports on various initiatives that will support the expansion of off-grid energy access, “green” the public transport sector and increase industrial efficiency. It also includes a new 'Go-To Resources' section, which lists newly-released sources of information related to sustainable energy project development.

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Adaptation and Loss and Damage Update: COP 22 Preparations Pick Up Speed; Regions Enhance DRM Cooperation [viewed]

unisdrs_unfccc_pifs1 September 2016: With the 22nd session of the Conference of the Parties (COP 22) to the UNFCCC to be held in Marrakesh, Morocco, from 7-18 November 2016, less than three months away, preparations are underway. The UNFCCC Secretariat has released a number of meeting documents, and Parties have been submitting their views on a range of issues, including the Nairobi Work Programme (NWP) on impacts, vulnerability and adaptation to climate change. The outcomes of several upcoming September meetings will also feed into the Marrakesh Climate Change Conference.

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Event: Sixth Workshop on Adaptation to Climate Change in Transboundary Basins [viewed]

This workshop will consider the theme, 'Financing Climate Change Adaptation in Transboundary Basins,' and will convene back-to-back with the 8th meeting of the Task Force on Water and Climate. The workshop is organized in the framework of the UNECE Convention on the Protection and Use of Transboundary Watercourses and International Lakes (Water Convention) and under the leadership of the Governments of the Netherlands and Switzerland, in cooperation with international partners, including the World Bank Group, AGWA, IUCN and WMO. In light of the outcomes of UNFCCC COP 21 and in view of the upcoming COP 22 in Morocco, the workshop aims to facilitate implementation and financing of basin-wide adaptation - from strategies and plans to concrete measures - while considering differences in transboundary basins' governance, administrative structure and mandate. It will also consider the current global climate finance infrastructure, barriers and challenges in accessing climate finance for water and discuss how to ensure transboundary aspects are taken into account in national and local projects, where relevant. Private sector and innovative finance mechanisms will also be considered. The workshop will bring together water practitioners and authorities responsible for addressing climate change impacts, at the national and transboundary levels, with representatives of bilateral and multilateral donors, financing institutions and the private sector.  

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August 2016 Climate Finance Update: Readiness, Simplified Access to Finance in the Spotlight; Caribbean Disaster Resilience and Relief Gets Support [viewed]

august_climte_update30 August 2016: During the month of August, the focus of multilateral climate financing activities turned to the South, with a number of high-level meetings and technical workshops focusing on access, readiness and the special circumstances of vulnerable developing countries. The Green Climate Fund (GCF) signed its first disbursement agreement and the Adaptation Fund reported a record level of requested support.

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World Bank Approves Environmental and Social Framework Inclusive of Ten Safeguards [viewed]

world_bank_new4 August 2016: An Environmental and Social Framework (ESF) meant to expand the protection of people and the environment in World Bank-financed projects has been approved by the World Bank's Board of Executive Directors, following almost four years of review.

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Inaugural African Drought Conference Issues Windhoek Declaration, Adopts Strategic Framework [viewed]

unccd_namibia_au19 August 2016: The High-Level Meeting of the inaugural African Drought Conference, comprising African member States and Parties to the UN Convention to Combat Desertification (UNCCD), adopted an overarching Strategic Framework to enhance resilience to the impact of drought events in Africa, issued the 'The Windhoek Declaration,' and underscored the importance of drought resilience in achieving Land Degradation Neutrality (LDN) under the Sustainable Development Goals (SDGs).

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2015 Climate Finance by MDBs at US$25 Billion [viewed]

2015_climate_finance9 August 2016: In 2015, six multilateral development banks (MDBs) jointly committed more than US$25 billion in climate finance. According to the '2015 Joint Report on Multilateral Development Banks' Climate Finance,' in addition, a total of US$55.7 billion were committed in co-finance, raising the total to US$80.8 billion. The sum committed in 2015 by the six MDBs represents an 11% drop compared to climate financing commitments in 2014, at US$28.3 billion, but is above 2013 levels (US$23.8 billion). The 2014 report (published in 2015) did not include data for co-financing.

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Adaptation and Loss and Damage Update: Heat-Related Deaths to Increase, Children and the Poor Most Climate Vulnerable [viewed]

adaptation and loss update8 August 2016: As reports of new temperature extremes exceeding the 50°C mark continue to come in, further climate change-related concerns have been voiced by the UN community. The UN Office for Disaster Risk Reduction (UNISDR) has expressed concern over a potential rise in deaths precipitated by heat. The UN Children's Fund (UNICEF) and the World Bank have cautioned that children and the world's poor are among those disproportionately affected by climate change. The Food and Agriculture Organization of the UN (FAO), the UN Economic Commission for Latin America and the Caribbean (ECLAC) and others have emphasized climate change impacts on food security. On the policy side, the Adaptation Committee (AC) and the Least Developed Countries (LDC) Expert Group (LEG) have issued a call for submissions from Parties and stakeholders on their Paris mandates.

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Sustainable Energy Finance Update: MDBs Boost African, Asian Energy Access and Building, Lighting Efficiency [viewed]

sustainable_energy_update1 August 2016: During the month of July, the International Energy Agency (IEA) released data demonstrating the growing market share of renewable energy, which has reached 13.8% of the world's primary energy supply and nearly a quarter of electricity production. Over the course of July, significant public investments in energy access, renewable energy and energy efficiency were announced, with financing for energy access largely focused on Asia and Africa, while renewable energy investments tended to be in Europe. The energy efficiency initiatives announced focused on the building and lighting sectors in a variety of countries.

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Multilateral Initiatives Advance Renewable Energy, Efficiency in the Caribbean, Asia [viewed]

cbd_ifc_irena_iea_unido28 July 2016: A number of capacity-building projects, including workshops and a new center in Asia, have been announced and are geared toward helping developing countries adopt and standardize energy efficiency measures and expand the reach of renewable energy. Recently published reports also have the potential to serve as resources for several countries as they move toward a cleaner energy future. These initiatives, as emphasized by their sponsors, are important for achieving the climate objectives in the Paris Agreement and the Sustainable Development Goal 7 (SDG) related to clean energy and energy access.

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