World Bank

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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Adaptation Fund Strengthens Capacity of Asia Pacific Implementing Entities [viewed]

Adaptation Fund12 September 2014: The Adaptation Fund's Third Climate Finance Readiness seminar, co-sponsored by the UN Environment Programme (UNEP) and supported by the Climate & Development Knowledge Network (CDKN), focused on the process of increasing the capacity of applicant and accredited implementing entities.

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MDBs Pledge to Enhance Climate Finance Action [viewed]

afd adb eb eib idb wb11 September 2014: In a joint statement issued in the run-up to the UN Secretary-General's Climate Summit, which is taking place on 23 September in New York, US, key multilateral development banks (MDBs) have affirmed their commitment to reinforce and further develop climate financing by maintaining a strong institutional focus on climate change. Since 2011, the six MDBs behind the statement have delivered close to US$75 billion in climate financing, of which approximately 20% has been in support of adaptation.

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Latin American and Caribbean Forum Discusses Future of Carbon Markets [viewed]

Latinamericanforum5 September 2014: The eighth Latin American and Caribbean Carbon Forum (LACCF) brought together businesses, governments and other stakeholders to exchange information on the latest developments in emissions trading schemes (ETS), low-emission development and the future of the carbon markets. Participants addressed, inter alia: climate change adaptation and mitigation opportunities at multiple levels; and climate finance and policy options, including carbon pricing and the role of the public and private sectors in concerted climate action.

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GEF CEO Announces Largest-Ever Financing for SIDS [viewed]

GEF4 September 2014: The Global Environment Facility (GEF) Chief Executive Officer (CEO) Naoko Ishii has announced US$256 million in funding for projects on biodiversity, chemicals and wastes, forests and capacity building. The announcement was made on the sidelines of the Third International Conference on Small Island Developing States (SIDS), during which the GEF also showcased its work with SIDS.

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Event: Eleventh Meeting of the Carbon Fund (CF11) [viewed]

The Forest Carbon Partnership Facility (FCPF) will organize the 11th Meeting of its Carbon Fund (CF11) in Washington, DC, US. This meeting is open to Carbon Fund Participants only and registration is required prior to 15 September 2014.  

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