World Bank

Inaugural FfD Forum Begins with 2030 Agenda Challenges, Implementation, Follow-Up [viewed]

ECOSOC18 April 2016: The inaugural session of the UN Economic and Social Council (ECOSOC) forum on financing for development follow-up (FfD Forum) opened in New York, US, with ministers, high-level officials, heads of UN departments and agencies and other stakeholders discussing current global economic challenges, including slow economic growth and massive waves of forced migration, the need for concerted action, and innovative development financing options, as well as their contributions to the implementation of the 2030 Agenda for Sustainable Development and the Addis Ababa Action Agenda (AAAA).

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Spring Meetings Address Humanitarian-Development Link [viewed]

wb_imf17 April 2016: The refugee crisis, a slowing economy and other global challenges were in focus for the central bankers, ministers of finance and development and civil society representatives participating in the 2016 World Bank Group - International Monetary Fund (IMF) Spring Meetings.

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World Bank Announces Five-Year Forest Action Plan [viewed]

world_bank_new6 April 2016: The World Bank Group has released the 'Forest Action Plan FY16-20,' which aims to integrate the sustainable management of forests more fully into the Bank's development priorities over the next five years.

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Banks Pledge US$7 Billion for Clean Energy, World Bank Adopts Climate Change Action Plan [viewed]

bloomberg_wbg7 April 2016: A number of private banks and the World Bank Group (WBG) have announced initiatives that will contribute to implementing the Paris Agreement on climate change, which was adopted in December 2015, as well as various Sustainable Development Goals (SDGs). By pledging US$7 billion, a group of eight banks and investors have joined the Bank of America's initiative aimed at stimulating US$10 billion for investments in clean energy and sustainable development. For its part, the WBG has announced its Climate Change Action Plan, which aims to support countries in delivering on their national climate plans, also referred to as Nationally Determined Contributions (NDCs) under the UNFCCC, and sets ambitious targets for 2020 in high-impact areas, including clean energy, green transport, climate-smart agriculture and urban resilience.

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Implementation Update: Momentum Builds Ahead of Paris Agreement Signing Ceremony [viewed]

UNFCCC8 April 2016: This Implementation Update report summarizes activities by UNFCCC Parties related to the fulfillment of their commitments, especially following the adoption in 2015 of the Paris Agreement and in the context of the Sustainable Development Goals (SDGs). Recent news includes actions taken by the UNFCCC Secretariat to support implementation, announcements by Parties of their intention to sign or ratify the Paris Agreement, and efforts by Canada, the US and Thailand aimed at accelerating climate action.

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World Bank and GFDRR, UN-Habitat and UfM to Collaborate on Sustainable Urban Development [viewed]

world_bank_new8 April 2016: Two partnerships related to resilient urban development have been recently been unveiled. The World Bank Group and the Global Facility for Disaster Risk Reduction (GFDRR) have announced a partnership that will strengthen building regulation for disaster resilience in vulnerable countries, by improving implementation and compliance through the 'Building Regulation for Resilience: Managing Risks for Safer Cities' program. For their part, UN-Habitat and the Union for the Mediterranean (UfM) have agreed to cooperate on actions aimed at achieving socially and environmentally sustainable urban development in the Mediterranean region. These developments will help achieve Sustainable Development Goal 11 (Make cities and human settlements inclusive, safe, resilient and sustainable).

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March 2016 Climate Finance Update: Fund Boards Meet, Carbon Markets Under the Spotlight [viewed]

march2016_climate_finance7 April 2016: In the Paris Agreement, agreed upon by 195 UN Member States in December 2015, countries agreed to make “finance flows consistent with a pathway towards low greenhouse gas (GHG) emissions and climate-resilient development.” Developing countries will receive financial resources for both mitigation and adaptation actions, while developed countries are expected to continue to lead in mobilizing climate finance from a variety of sources, with public funds playing a significant role in reaching the previously agreed US$100 billion annual target by 2020. Monthly IIDS RS Climate Finance Updates aim to help track multilateral financing to support the finance goal agreed under the UNFCCC, which will in turn contribute to the implementation of Sustainable Development Goal (SDG) 13 (Take urgent action to combat climate change and its impacts).

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Sustainable Energy Finance Update: Majority of 2015 Renewables Investment Went to Developing Countries [viewed]

energy_finance_review20151 April 2016: When governments adopted the Sustainable Development Goals (SDGs) in September of last year, they agreed to a goal of ensuring access to affordable, reliable, sustainable and modern energy for all (SDG 7) by 2030. In a separate Goal, SDG 17, they set out targets for the means of implementation (MOI) necessary for achieving the SDGs. As the focus shifts from "the year of decisions" to "the year of implementation," the MOI necessary for achieving SDG 7, as well as the other Goals, are receiving greater attention. This update examines recent news related to finance MOI, with a view to identifying what governments and intergovernmental actors are doing to mobilize renewable energy, energy efficiency and energy access finance.

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Event: PROFOR Advisory Board Meeting [viewed]

This meeting will focus on the theme 'Informing, Connecting and Shaping Forests,' and will consider how knowledge and tools developed under the Program on Forests (PROFOR) are influencing and improving development outcomes in the forest sector and beyond. Presentations will include an update on PROFOR's cross-sectoral programmatic activities, results from PROFOR's strengthened monitoring and evaluation program, and an overview of the proposed PROFOR portfolio for 2016 including country and regional activities.  

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Event: Africa Carbon Forum 2016 [viewed]

The Eight Africa Carbon Forum (ACF) will inform participants on the latest investment, finance and development opportunities relating to climate change. Issues for discussion include: opportunities for Africa in a post-Paris global landscape; policy options and opportunities for transformational development in the region presented by Nationally Determined Contributions (NDCs); innovative projects, programmes and investment opportunities for climate-resilient development, such as the Africa Renewable Energy Initiative and African Initiative on Adaptation and Loss and Damage; sources of climate finance and how to access them, including market-based approaches to sustainable development; results-based financing; and cooperative initiatives under the Nairobi Framework (NF) Partnership, which aims to improve the level of participation of developing countries, especially those in sub-Saharan Africa, in the Clean Development Mechanism (CDM). The ACF is organized by the Nairobi Framework partners, including the UNFCCC, the UN Environment Programme (UNEP) along with the UNEP DTU Partnership (UDP), the International Emissions Trading Association (IETA), the World Bank and the African Development Bank (AfDB). The Forum will bring together climate change focal points, project developers and policymakers, as well as representatives from financial institutions, CDM Designated National Authorities (DNAs), the private sector, non-governmental organizations (NGOs), multilateral agencies, the media and other stakeholders.  

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