World Bank

World Bank Announces US$5bn for Power Generation in Africa [viewed]

power.africa5 August 2014: The World Bank has committed US$5 billion in technical and financial support for energy projects in six African countries partnering with US President Barack Obama's Power Africa Initiative. The support will consist of direct financing, investment guarantees and advisory services for project preparation, with the aim of creating 2.5 GW in new electricity generation capacity.

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July 2014 Climate Finance Update [viewed]

EIB-CIF-AfDB-EBRD-World Bank-GEF31 July 2014: During July 2014, the European Investment Bank (EIB) and the Global Environment Facility (GEF) have reported on climate investments. Both the African Development Bank (AfDB) and European Bank for Reconstruction and Development (EBRD) announced partnerships with the Climate Investment Funds (CIF) for a variety of climate-related investments. The World Bank also announced additional funding to be provided by CIF.

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July 2014 Sustainable Energy Finance Update [viewed]

World Bank-EBRD-EIB-ADB-AfDB-IDB-CDB31 July 2014: During the month of July, the World Bank, the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), the Asian Development Bank (ADB), the African Development Bank (AfDB), the Inter-American Development Bank (IDB), the Caribbean Development Bank (CDB), the Government of Germany, and other donors undertook activities and approved funding for sustainable energy projects in Armenia, Austria, Brazil, India, Indonesia, Israel, Kyrgyz Republic, Nepal, Poland, Sri Lanka, Tajikistan, Tunisia and Uruguay, among other countries.

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July 2014 Water Finance Update [viewed]

World Bank-AfDB-ADB-IDB-EBRD-GEFJuly 2014: The World Bank, the Global Environment Facility (GEF), the Asian Development Bank (ADB), the African Development Bank (AfDB), the Inter-American Development Bank (IDB) and the European Bank for Reconstruction and Development (EBRD) undertook a variety of activities during July. Projects were approved across Africa, Latin America, Asia and Europe, addressing issues such as transboundary water management, water, sanitation and hygiene (WASH) services, hydropower and climate resilience.

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Event: First Ministerial and Policy Conference on Sustainable Transport [viewed]

This conference is part of the Africa Sustainable Transport Forum, a high-level platform for discussion and policy decision making. The Forum aims to integrate sustainable transport into Africa's development and planning processes and increase funding to sustainable transport programmes in Africa, with the broader aim of improving access to transport, reducing air pollution and climate emissions, and improving road safety and health. The Forum also aims to share experiences from demonstration and pilot projects and foster South-South exchanges. The Forum intends to hold Ministerial conferences bi-annually, with Sub-Regional conferences in the interim years. The Forum is a partnership among the UN Environment Programme (UNEP), the UN Human Settlements Programme (UN-HABITAT) and the World Bank. UNEP hosts the Forum Secretariat.  

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World Bank Assesses Climate Resilience of Transboundary Water Treaties [viewed]

World Bank1 June 2014: The World Bank has released a Policy Research Working Paper, titled 'Climate Change, Conflict and Cooperation: Global Analysis of the Resilience of International River Treaties to Increased Water Variability,' which identifies allocation provisions and institutional mechanisms that can mitigate potential conflicts between basin States in the face of increasing water variability caused by climate change.

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FCPF Welcomes Belize, Sudan and Uruguay [viewed]

Forest Carbon10 July 22014: The seventeenth meeting of the Forest Carbon Partnership Facility (FCPF) Participants Committee accepted Belize, Sudan and Uruguay into the Partnership. The Partnership now includes 47 countries.

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World Bank Issues First Catastrophe Bond [viewed]

worldbank-ccrif8 July 2014: The World Bank Group's International Bank for Reconstruction and Development (IBRD) has issued its first catastrophe ("cat") bond, which will benefit the 16 member States of the Caribbean Catastrophe Risk Insurance Facility (CCRIF). The bond, which is a three-year, US$30 million transaction under IBRD's Capital-at-Risk Notes Program, is linked to tropical cyclone and earthquake risk in CCRIF countries.

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FCPF Carbon Fund Selects Three Country Programmes [viewed]

worldbank-fcpfJuly 2014: The 'Chair's Summary' of the tenth meeting of the Forest Carbon Partnership Facility (FCPF) Carbon Fund (C10) has been released, with Duncan Marsh, C10 Chair, highlighting the selection of Chile and Viet Nam into the Carbon Fund pipeline. The Republic of the Congo, which also presented its Emission Reductions Program Idea Note (ER-PIN), was provisionally selected.

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Event: UN Private Sector Forum [viewed]

The 2014 edition of the UN Private Sector Forum will be held on the sidelines of the UN Secretary-General's Climate Summit, and will focus on carbon pricing, specifically actions that the public and private sectors can take to achieve an equitable and fair valuation of carbon through long-term strategies, investments and policies. Thus, the Forum aims to: enable business and investors to identify the contribution they can make towards pricing the cost of carbon emissions; and inspire public policy measures, commitments to action and public-private partnerships to achieve a carbon price. The Forum, convened by the UN Global Compact in cooperation with the World Bank Group, and with the support of UN partners, will be comprised of: a High-Level Luncheon, co-chaired by UN Secretary-General Ban Ki-moon and World Bank Group President Jim Yong Kim; and a Business and Civil Society Special Session, featuring leadership actions that businesses can take in cooperation with governments to address climate change. UN Secretary-General Ban Ki-moon has been convening the UN Private Sector Forum since 2008 during the opening session of the UN General Assembly in order to bring private sector's voice to intergovernmental debates on key topics.  

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