World Bank

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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February 2016 Sustainable Energy Finance Update [viewed]

february2016_energy1 March 2016: During the month of February, the African Development Bank (AfDB), the Asian Development Bank (ADB), the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), the Nordic Environment Finance Corporation (NEFCO) and the World Bank announced sustainable energy project funding and initiatives. In addition, the Inter-American Development Bank (IDB) and EIB released publications related to finance and the clean energy sector, and AfDB, EBRD and the World Bank reported on events highlighting sustainable energy solutions.

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February 2016 Climate Finance Update [viewed]

february-climate-finance201629 February 2016: During the month of February, the Asian Development Bank (ADB), the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), the Climate Investment Funds (CIF) and the World Bank, among others, reported on new funding and other climate finance news in the areas of, inter alia, climate and disaster risk reduction (DRR), smart cities, green bonds, and technology transfer and development. The Partnership for Market Readiness (PMR), EIB, the Green Climate Fund (GCF) and the Adaptation Fund released publications.

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Morocco Advances INDC Targets with Opening of Solar Power Plant [viewed]

morocco4 February 2016: In June 2015, the Government of Morocco submitted its intended nationally determined contribution (INDC) to the UNFCCC, announcing targets of reducing its greenhouse gas (GHG) emissions by 32% by 2030 compared to business-as-usual (BAU) projected emissions and reaching over 50% of installed electricity production capacity from renewable sources by 2025. In a significant step toward these goals, the first phase of the Noor-Ouarzazate concentrated solar power (CSP) plant became operational in February 2016.

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Event: Forest Carbon Partnership Facility PC21 [viewed]

The 21st Meeting of the Participants Committee (PC) of the Forest Carbon Partnership Facility (FCPF) is expected to review country submissions and decide on grant resource allocation. The PC is made up of 14 REDD+ countries and 14 financial contributors, and includes observers representing indigenous peoples, civil society, international organizations and the private sector.  

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January 2016 Climate Finance Update [viewed]

finace_climateFebruary 2016: During the month of January, the Asian Development Bank (ADB), the African Development Bank (AfDB), the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), the Inter-American Development Bank (IDB), the World Bank and the Adaptation Fund, among others, reported on new funding approvals and other climate finance news. Multilateral Development Banks (MDBs), climate funds and the UN Environment Programme (UNEP) launched publications on, inter alia, blended climate finance, climate co-finance tracking and climate risk management.

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