World Bank

World Bank Approves Financing for Chillers Replacement [viewed]

3 June 2010: The World Bank approved a bundle of financial instruments for a project called the “Chillers Energy Efficiency Project,” which will replace around 375 chillers in the Philippines with more climate-friendly technologies.

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World Bank Responds to Civil Society on Financing Fossil Fuels and Adaptation [viewed]

27 May 2010: Kseniya Lvovsky, the World Bank's Climate Change Team Manager, responded online to questions by civil society on the World Bank's strategy for climate change, including on the Bank's approach to fossil fuel financing and the availability of funds for adaptation.

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World Bank Finances Green Energy in Kenya [viewed]

27 May 2010: The World Bank has approved a US$330 million loan for Kenya to expand electricity access and expand geothermal power generation as part of its green energy development strategy.

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World Bank Approves First Climate Change Development Policy Loan [viewed]

25 May 2010: The World Bank approved its first development policy loan dedicated to climate change mitigation and adaptation, in Indonesia.

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World Bank Publishes Climate, Finance and Development Briefs [viewed]

May 2010: The World Bank has published the first in a series of Issue Briefs on the topics of Climate, Finance and Development, addressing how to monitor official development assistance (ODA) flows for climate finance and how to enhance the effectiveness of public finance for climate action.

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Fourth GEF Assembly Reviews GEF Policies and Operations [viewed]

28 May 2010: The fourth Assembly of the Global Environment Facility (GEF) was held in Punta del Este, Uruguay, on 25-26 May 2010. The Assembly was preceded by a Civil Society Forum and a GEF Council meeting, which  took place at the same venue.

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World Bank and GEF Support Agriculture Adaptation in Yemen [viewed]

27 May 2010: The World Bank has approved a US$5 million project to support efforts by the Government of Yemen to enhance capacity and awareness for government agencies to respond to climate variability and change, and to better equip local communities to cope with climate change through the conservation and use of agro-biodiversity.

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World Bank Releases Annual Report on State and Trends of the Carbon Market [viewed]

26 May 2010: The World Bank released its annual State and Trends of the Carbon Market report at Carbon Expo in Cologne, Germany, on 26 May. The report indicates that the value of the global carbon market grew six percent, to US$144 billion, in 2009 despite being its most challenging year to date.

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World Bank Approves Indonesian Climate Change Project [viewed]

25 May 2010: The World Bank's Board of Executive Directors approved an International Bank for Reconstruction and Development (IBRD) loan ofUS$200 million to support the Indonesian Government's policy agenda on climate change.

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UNDP, World Bank Support Hydro Energy in Nepal [viewed]

Bom Khola Power HouseApril 2010: The UN Development Programme (UNDP), through its Rural Energy Development Programme (REDP), has supported a joint venture of the Alternative Energy Promotion Centre of the Government of Nepal, in collaboration with the World Bank and local communities, to establish a 100 kw Bom Khola micro hydro plant.

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