World Bank

Resilient Cities Acceleration Initiative Launched at UN Climate Summit [viewed]

climate-summit-201425 September 2014: During the UN Climate Summit, commitments were made to: raise US$2 billion for cities at risk from extreme weather events due to climate change; help 500 local governments develop resilience action plans by 2020; and double the number of cities and partners committed to building resilience by the end of 2015.

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World Bank Identifies Clean-Tech Market Opportunities for SMEs [viewed]

world-bank-group24 September 2014: The World Bank Group has released a report, titled ‘Building Competitive Green Industries: The Climate and Clean Technology Opportunity for Developing Countries,' which quantifies opportunities for small and medium-sized enterprises (SMEs) in developing countries to generate profits and create jobs, while providing solutions to climate challenges.

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EBRD, CIF, GEF to Accelerate Climate Investments [viewed]

ebrd-cif-gef24 September 2014: The European Bank for Reconstruction and Development (EBRD) is financing clean energy projects through its own investments, as well as through partnering with the Climate Investment Funds (CIF) and the Global Environment Facility (GEF). These funds aim to scale up climate finance by providing concessional funding and enhancing knowledge sharing and advisory support, which has increased commercial financing for sustainable energy investments.

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Global Alliance for Climate-Smart Agriculture Launched [viewed]

climate-summit-201424 September 2014: A coalition formed by 14 governments and 32 organizations will aim to enable 500 million farmers around the world to practice climate-smart agriculture. The ‘Global Alliance for Climate-Smart Agriculture' was launched during the Climate Summit, on 23 September, and the Alliance held its first meeting on 24 September in New York, US.

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UN Private Sector Forum Focuses on Carbon Pricing [viewed]

United Nations Global Compact23 September 2014: The 2014 UN Private Sector Forum, held as part of the UN Secretary-General's Climate Summit, brought together approximately 400 global business, government and civil society leaders. During the event, a list of 31 ‘Carbon Pricing Champions' was announced and 11 ‘Corporate Commitments to Climate and Energy' were presented.

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Over 1000 Businesses, 73 Countries Support Carbon Pricing [viewed]

World Bank23 September 2014: Seventy-three countries and 22 states, provinces and cities, alongside over 1,000 business and investors, have signed a statement signaling their support for carbon pricing to help limit global temperature increase to below 2ºC, citing climate change as “one of the greatest global challenges" that "threatens to roll back decades of development and prosperity.”

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Climate Week NYC Opens with Focus on Low-Carbon Economy [viewed]

climate-week-nyc22 September 2014: Convened by the Climate Week NYC organizer The Climate Group, jointly with CDP, the opening day of the major, week-long event in New York, US, attracted the participation of global leaders from policy and business, and heard announcements of new greenhouse gas (GHG) reduction commitments from business and subnational governments. The event also marked the launch of a renewable energy campaign, a pro-mitigation business coalition, and a report on innovative climate and energy policies.

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MDBs Report on Climate Finance Provided in 2013 [viewed]

AfDB - IDB - EIB - ADB - World Bank Group19 September 2014: The third edition of the Joint MDB Report on Climate Finance 2013 has been expanded to include a better sectoral breakdown, and divisions by public and private operations. Since 2011, multilateral development banks (MDBs) have provided over US$75 billion in climate finance to developing and emerging economies, while, in 2013, they provided US$23.8 billion to address climate change, with 80%, or US$18.9 billion, dedicated to mitigation and 20%, or US$4.8 billion, going to adaptation.

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World Bank Group Designs Pilot Auction Facility for Methane and Climate [viewed]

Worldbanklogo15 September 2014: The World Bank Group has announced the design of the Pilot Auction Facility for Methane and Climate Change Mitigation (PAF), a pay-for-performance instrument that aims to stimulate investment in projects that reduce emissions while maximizing the impact of scarce public resources and leveraging private sector financing through the use of auctions.

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World Reconstruction Conference: DRR Critical to Sustainable Development [viewed]

gfdrr12 September 2014: The second World Reconstruction Conference (WRC 2) brought together over 500 practitioners and policymakers from governments, civil society and the private sector to share lessons learned in post-disaster recovery and reconstruction. The conference aimed to help countries incorporate disaster recovery into their policies and institutions given the increasing frequency and intensity of natural disasters.

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