World Bank

ESCAP Toolkit Builds Capacity for Flood Forecasting and Early Warning [viewed]

un_rimes25 April 2016: The UN Economic and Social Commission for Asia and the Pacific (ESCAP) has launched a toolkit to help flood management practitioners in transboundary river basins improve their flood forecasting and early warning capabilities, drawing on real-time satellite data and flood modeling techniques.

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Outlook on Green Finance: Impetus Grows for Carbon Pricing, Clean Energy [viewed]

cp_india_france_ndb25 April 2016: Over the past few days, announcements supporting carbon pricing and clean energy have been made. Ten leaders have issued a joint vision statement laying out the goal of doubling the percentage of global greenhouse gas (GHG) emissions covered by explicit carbon pricing to 25% by 2020, and of doubling it again to achieve 50% coverage within the next decade. In separate news, over 25 countries have pledged to unleash a potential investment flow of up to US$1 trillion into solar assets. And for its part, the New Development Bank has announced it will provide US$811 million in a first round of loans for clean energy projects in Brazil, China, India and South Africa.

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G20 Finance Ministers, Central Bank Governors Call for Scaling Up Climate Financing [viewed]

g20-201615 April 2016: A communiqué issued by the Group of Twenty (G20) Finance Ministers and Central Bank Governors Meeting calls for the Green Climate Fund (GCF) to continue scaling up its operations, and stresses the importance of monitoring and transparency of climate finance. In the communiqué, the ministers and governors also give further guidance to the G20 Green Finance Study Group (GFSG) for its July 2016 report and reaffirm their commitment to rationalizing and phasing out inefficient fossil fuel subsidies.

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Development Partners Call for Increased Investment in Hydromet Services [viewed]

gfdrr_wmo19 April 2016: The World Meteorological Organization (WMO) and the World Bank's Global Facility for Disaster Reduction and Recovery (GFDRR) convened a roundtable on 'Strengthening Hydrometeorological Services for Sustainable Development.' The event brought together over 50 high-level representatives of development agencies and weather and hydrological services, who supported improved coordination measures among donors at the national level, including: country-level modernization plans for national meteorological and hydrological services; development partners forums; and better indicator use to assess progress on services.

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Implementation Update: As Governments Prepare for Paris Agreement Signing Ceremony, Carbon Pricing in the Spotlight [viewed]

paris_agreement_ceremony21 April 2016: In the lead up to the Paris Agreement on climate change Signing Ceremony, various events have added to the growing momentum of what is expected to be one of the largest ever signing events. In the shadow of the announcement by the US National Oceanic and Atmospheric Administration (NOAA) that March 2016 recorded the highest combined global average temperature of any March since 1880, the growing number of countries expected to sign the Paris Agreement on 22 April is also on track to set a record. This Implementation Update summarizes activities by UNFCCC Parties as they focus on mitigating and adapting to these warming trends, especially following the adoption in 2015 of the Paris Agreement and in the context of the Sustainable Development Goals (SDGs). It includes: recent buzz around market mechanisms, carbon pricing and scaling private sector involvement; the growing impetus ahead of the High Level Signing Ceremony; an outlook to the May session of the UNFCCC; good news about European cars; and Fiji's post-disaster recovery efforts.

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Vulnerable Countries Urge Financial Responses to Climate Change Consistent with 1.5°C Limit [viewed]

v2014 April 2016: Finance ministers of the Vulnerable Twenty (V20) Group consisting of 43 developing countries 'systemically' vulnerable to climate change have agreed to advance climate change responses through financial action compatible with the goal of keeping the global temperature rise below 1.5°C above preindustrial levels, calling for swifter progress towards the developed countries' commitment of US$100 billion annually.

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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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