World Bank

Coalition of Financial Institutions Sign Five Principles for Mainstreaming Climate Action [viewed]

finantial_institutions7 December 2015: A coalition of 26 financial institutions has signed on to five voluntary principles, titled ‘Mainstreaming Climate Action Within Financial Institutions,' pledging to scale up their efforts to address climate change and to continue to integrate climate considerations into their investments and advisory functions. The principles outline how financial institutions can: commit to climate strategies; manage climate risks; promote climate smart objectives; improve climate performance; and account for climate action.

read more »

Zero Routine Flaring Initiative Receives 20 New Endorsements [viewed]

world_bank_new7 December 2015: The World Bank's Zero Routine Flaring by 2030 Initiative, which encourages oil companies to seek solutions to eliminate the need for flaring by 2030, has received 20 additional endorsements by governments, oil companies and development institutions, bringing the total number to 45 backers, representing more than 40% of global flaring.

read more »

GGGI Launches Inclusive Green Growth Partnership [viewed]

Global Green Growth Institute (GGGI) 7 December 2015: The Global Green Growth Institute (GGGI), in collaboration with multilateral development banks (MDBs) and UN regional, economic and social commissions, has launched the 'Inclusive Green Growth Partnership' to support finance for green growth projects that promote inclusiveness, shared prosperity and equitable growth in emerging economies.

read more »

Event: Climate Action 2016 [viewed]

Announced at the 21st session of the Conference of the Parties (COP 21) to the UNFCCC, Climate Action 2016 will convene government, business and municipal leaders, civil society and academia to maintain momentum for multi-stakeholder climate implementation. This high-level gathering aims to complement and promote ongoing climate action on cities, land use, resilience, energy, transport, tools for decision makers, and finance. Organizing partners include: the World Bank; the Global Environment Facility (GEF); the Compact of Mayors; the World Business Council for Sustainable Development (WBCSD); We Mean Business; and the University of Maryland.  

read more »

City Leaders Commit to “Game-Changing” Climate Actions [viewed]

cop214 December 2015: City leaders committed to reduce emissions and take actions to promote low-emission, climate-resilient urban infrastructure in a series of events on the sidelines of the Paris Climate Change Conference. The events featured commitments and a publication launch.

read more »

Africa Transport Forum, Africities Discuss Sustainable Urbanization [viewed]

afdb_unhabitatDecember 2015: Participants at two conferences in Africa discussed the importance of sustainable urbanization for the continent. The African Development Bank's (AfDB) Africa Transport Forum 2015 stressed the role of green, inclusive transport in stimulating Africa's sustainable development and ensuring sustainable urbanization. Participants at the Africities Summit presented a common urban agenda ahead of the Third UN Conference on Housing and Sustainable Urban Development (Habitat III), making Africa the first region to do so.

read more »

MDBs to Accelerate Efforts on Sustainable, Low-Carbon Transport [viewed]

mdb3 December 2015: On the sidelines of the Paris Climate Change Conference, the Multilateral Development Banks (MDBs) issued a joint statement that recognizes the contribution of transport to greenhouse gas (GHG) emissions and pledges to accelerate efforts to mitigate transport emissions. In their statement, the African Development Bank (AfDB), Asian Development Bank (ADB), CAF-Development Bank of Latin America (CAF), European Bank for Reconstruction and Development (EBRD), European Investment Bank (EIB), Inter-American Development Bank (IDB), Islamic Development Bank (ISDB), and the World Bank outline commitments to accelerate efforts on climate finance, low-carbon transport solutions and adaptation.

read more »

Paris Climate Change Conference Considers Reports from Funds, Side Events Consider Land, Farmers, INDCs [viewed]

cop21_iisdrs2 December 2015: On Wednesday, 2 December, African parties to the 21st session of the Conference of the Parties to the UN Framework Convention on Climate Change (UNFCCC COP 21) endorsed Morocco to host COP 22. Also during the COP plenary, the Strategic Climate Fund reported that, for the first time, it has provided two draft compiled texts on guidance to the Green Climate Fund (GCF) and Global Environment Facility (GEF).

read more »

Coalition Announces US$80 Million for Climate Risk Early Warning Systems [viewed]

cop212 December 2015: A coalition of countries and international organizations including the World Meteorological Organization (WMO), the UN Office for Disaster Risk Reduction (UNISDR) and the World Bank's Global Facility for Disaster Reduction and Recovery (GFDRR) launched the Climate Risk Early Warning Systems (CREWS) initiative, in order to: strengthen support for early warning systems in vulnerable countries; protect and shelter populations exposed to extreme climate events; and mobilize additional financing.

read more »

Paris Pact on Water and Climate Change Adaptation, Other Commitments Announced [viewed]

unfccc_cop212 December 2015: National and local governments, river basin organizations, civil society and businesses announced the creation of coalitions and initiatives related to water and climate change at an event on ‘Water Resilience' under the Lima to Paris Action Agenda (LPAA), which is convening at the Paris Climate Change Conference. These initiatives include: the Paris Pact on Water and Adaptation, MegaCities Coalition on Water; Business Alliance for Water and Climate Change; Adaptation of the West African coastal areas; and Maritime Regions in Action against Climate Change.

read more »