World Bank

Multilateral Development Banks Release Joint Report on Climate Change Finance [viewed]

Multilateral-Development-Banks.jpgNovember 2013: According to the 'Joint Report on MDB Climate Finance 2012,' the multilateral development banks (MDBs) spent nearly US$27 billion to address climate change during the 2012 fiscal year, with over US$21 billion dedicated to mitigation and almost US$6 billion to adaptation. From these resources, the Global Environment Facility (GEF) and the Climate Investment Funds (CIF) have contributed to US$2 billion.

read more »

PROFOR Highlights Forest-based EBA in Honduras [viewed]

profor-cifor-catie12 November 2013: The Program on Forests (PROFOR) has released a case study on preserving drinking water through sustainable land use management in Honduras. The report notes that climate change is projected to exacerbate water shortages in Honduras, which already result in rationing.

read more »

IFC Sees Possibility of US$1 Trillion in Climate-Smart Investment Potential in EMENA Region [viewed]

IFCNovember 2013: The International Finance Corporation (IFC), a member of the World Bank Group (WBG) and the largest global development institution focused exclusively on the private sector, has published a report that estimates up to US$1 trillion in climate-smart investment potential in renewable energy, resource efficiency and climate change adaptation across Emerging Europe, Central Asia, and the Middle East and North Africa (EMENA).

read more »

Climate Finance Tracking Website Launched [viewed]

AfDBNovember 2013: The African Development Bank (AfDB) has announced its efforts to develop a climate finance tracking methodology, through collaboration to develop a joint multilateral development bank methodology for tracking adaptation and mitigation finance. 

read more »

World Bank Reports on Reforestation Benefits in Rio de Janeiro [viewed]

World Bank11 November 2013: The World Bank has reported on the impacts of reforestation efforts around Rio de Janeiro, Brazil, including species recovery, reduced vulnerability to natural disasters, and new economic benefits from the generation of carbon credits.

read more »

UN, World Bank, EU Pledge Support to Sahel [viewed]

un-worldbank8 November 2013: Development leaders traveled to the Sahel region in Africa to discuss governance, resilience, peace and security with the leaders of Burkina Faso, Chad, Mali and Niger. During the trip, from 4-8 November 2013, the World Bank and EU announced over US$8 billion in investments to boost economic growth and tackle poverty in the region.

read more »

World Bank Highlights Climate and Health Benefits of Reducing Short-Lived Climate Pollutants [viewed]

World Bank3 November 2013: The World Bank has published a report highlighting the climate and health benefits of reducing emissions of common pollutants such as methane and black carbon, and examining 14 measures that contribute towards this objective.

read more »

CIF Approves Forest Funding for Peru and Energy Access in Liberia [viewed]

CIF30 October 2013: The Climate Investment Fund (CIF) Sub-Committee Meetings concluded with endorsement of the final pilot country plan from Peru for $50 million under the Forest Investment Program (FIP), and the endorsement of Liberia's $50 million investment plan under the Scaling Up Renewable Energy Program in Low Income Countries (SREP), a targeted program of the Strategic Climate Fund (SCF). The FIP also approved $16.45 million to support forest and climate information gathering and systematization in Brazil.  

read more »

Global Partnership for Oceans Releases Blue Ribbon Panel Report [viewed]

globalpartnershipforoceans16 October 2013: A panel of leaders from 16 countries, representing government, the private sector and civil society, has released recommendations for actions to improve ocean health. The Blue Ribbon Panel was convened by the World Bank to provide multi-stakeholder perspectives on achieving ecological, social and economic goals in the management of global oceans in support of the Global Partnership for Oceans (GPO).

read more »

Development Committee Endorses World Bank Group Strategy [viewed]

World Bank12 October 2013: On the occasion of the World Bank-International Monetary Fund (IMF) 2013 Annual Meeting, the Development Committee, which advises the two institutions, approved a new World Bank Group Strategy. The Strategy defines how the World Bank, the International Financial Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA) should work together to deliver as ‘One World Bank Group.'

read more »