World Bank

Coalition Announces US$80 Million for Climate Risk Early Warning Systems [viewed]

cop212 December 2015: A coalition of countries and international organizations including the World Meteorological Organization (WMO), the UN Office for Disaster Risk Reduction (UNISDR) and the World Bank's Global Facility for Disaster Reduction and Recovery (GFDRR) launched the Climate Risk Early Warning Systems (CREWS) initiative, in order to: strengthen support for early warning systems in vulnerable countries; protect and shelter populations exposed to extreme climate events; and mobilize additional financing.

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Paris Pact on Water and Climate Change Adaptation, Other Commitments Announced [viewed]

unfccc_cop212 December 2015: National and local governments, river basin organizations, civil society and businesses announced the creation of coalitions and initiatives related to water and climate change at an event on ‘Water Resilience' under the Lima to Paris Action Agenda (LPAA), which is convening at the Paris Climate Change Conference. These initiatives include: the Paris Pact on Water and Adaptation, MegaCities Coalition on Water; Business Alliance for Water and Climate Change; Adaptation of the West African coastal areas; and Maritime Regions in Action against Climate Change.

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Carbon Pricing Leadership Coalition Launched [viewed]

cpl30 November 2015: Governments, businesses and NGOs launched the Carbon Pricing Leadership Coalition on the sidelines of the Paris Climate Change Conference to support the expansion of effective carbon pricing, successful carbon pricing policy development and the use of carbon pricing in business.

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PROFOR Investigates How Forests Enhance Climate Resilience of Drinking Water Supply [viewed]

PROFOR24 November 2015: The Program on Forests (PROFOR) has issued a case study demonstrating how forest preservation and restoration can enhance the climate change resilience of drinking water supplies, focusing on Tegucigalpa, Honduras. Issued as a PROFOR Working Paper, the case study was produced in collaboration with the Tropical Agricultural Research and Higher Education Center (CATIE) and the Center for International Forestry Research (CIFOR) of the CIGAR Consortium.

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MDBs Issue Joint Statement on Increasing Climate Investments [viewed]

mdb30 November 2015: The heads of the multilateral development banks (MDBs) released a joint statement to work together to increase climate investments and to “consider climate change across our strategies, programs, and operations to deliver more sustainable results, with a particular focus on the poor and most vulnerable.” The MDBs released their statement on the sidelines of the 21st session of the Conference of the Parties (COP 21) to the UNFCCC.

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Transformative Carbon Asset Facility to Provide Financial Incentives to Tackle Climate Change [viewed]

world_bank_new30 November 2015: Germany, Norway, Sweden and Switzerland announced a US$500 million initiative to help developing countries tackle climate change by transitioning to carbon-pricing mechanisms. The Transformative Carbon Asset Facility (TCAF) will help developing countries implement plans to cut greenhouse gas (GHG) emissions by providing them with results-based payments for large scale programs in areas such as renewable energy, energy efficiency, low carbon cities and solid waste management.

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November 2015 Climate Finance Update [viewed]

november_climate_financeNovember 2015: During the month of November, the Asian Development Bank (ADB), the Caribbean Development Bank (CDB), the European Investment Bank (EIB), the European Bank for Reconstruction and Development (EBRD), the World Bank, the International Finance Corporation (IFC) and the Green Climate Fund (GCF) reported on new financing, collaborations and other climate finance news. Multilateral Development Banks (MDBs), climate funds and forestry research centers launched studies, think pieces and multimedia content on, inter alia, climate-related disasters, vulnerability in Africa, stranded assets, Adaptation Fund activities and REDD+.

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African Decision Makers Discuss Risk Management and Financing for Resilience [viewed]

ur20 November 2015: The first 'Understanding Risk and Finance Conference for Africa' provided a forum for African decision makers to discuss strategies and approaches to mitigate the socioeconomic, fiscal, and financial impacts of disasters, including those of climate change.

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UN-REDD Programme Concludes 15th Policy Board Meeting [viewed]

unredd11 November 2015: Three new National Programmes were presented by Chile, Myanmar and Peru at the 15th meeting of the UN-REDD Programme's Policy Board, held from 9-10 November 2015, in San José, Costa Rica. Support for the 2016-2020 phase of the Programme was reaffirmed by its three collaborating UN agencies, the Food and Agriculture Organization of the UN (FAO), the UN Development Programme (UNDP) and the UN Environment Programme (UNEP).

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World Bank Highlights Poverty Reduction Benefits of Climate-Smart Development [viewed]

World Bank8 November 2015: In advance of the Paris Climate Change Conference, the World Bank has published a report, titled 'Shock Waves: Managing the Impacts of Climate Change on Poverty,' which finds that poverty reduction and the fight against climate change can be more effectively achieved if addressed in tandem. It indicates that climate change poses “an acute threat” to poorer people, and has the potential to push more than 100 million people back into poverty by 2030, mostly in Sub-Saharan Africa and South Asia.

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