World Bank

December 2015 Sustainable Energy Finance Update [viewed]

energy2015January 2016: During the month of December, the African Development Bank (AfDB), Asian Development Bank (ADB), Caribbean Development Bank (CBD), European Bank for Reconstruction and Development (EBRD), European Investment Bank (EIB), Inter-American Development Bank (IDB) and World Bank announced sustainable energy project funding and initiatives. ADB and EIB released reports on financing and deploying clean energy.

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December 2015 Climate Finance Update [viewed]

December 2015 Climate Finance Update21 December 2015: During the month of December, the Asian Development Bank (ADB), the African Development Bank (AfDB), the European Bank for Reconstruction and Development (EBRD), the World Bank, the Green Climate Fund (GCF), the Adaptation Fund and the Secretariat of the UN Framework Convention on Climate Change (UNFCCC), among others, reported on new financing pledges and other climate finance news. Multilateral Development Banks (MDBs), climate funds and UN initiatives launched studies, reports and briefs on, inter alia, climate risks and resilience, and adaptation finance. A large number of climate finance-related side events were held during the UN Paris Climate Change Conference in December 2015.

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Guide Offers Green Bonds Toolbox [viewed]

scaling_up_green_bond9 December 2015: The Climate Bonds Initiative and the UN Environment Programme (UNEP) launched a guide for public sector decision makers on scaling up green bond markets for climate change mitigation and other objectives of sustainable development. The guide aims to accelerate the growth of the green bond market to achieve the US$6.2 trillion of annual investment estimated necessary to build the infrastructure of low-carbon economies around the world.

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NEPAD with Partners Launch African Resilient Landscapes Initiative [viewed]

nepad_wb_wri6 December 2015: Launched at the 2015 Global Landscapes Forum in Paris, France, by the African Union New Partnership for Africa's Development (NEPAD), the African Resilient Landscapes Initiative will be implemented in partnership with the World Bank and World Resources Institute (WRI) through forest and ecosystem restoration, biodiversity conservation, climate-smart agriculture, and rangeland management.

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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.

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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.

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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.

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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.  

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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.

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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.

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