December 2008: The World Bank is working with six pilot countries – Bangladesh, Bolivia, Ethiopia, Ghana, Mozambique and Vietnam– on a US$8 million study funded by the Governments of the UK, the Netherlands and Switzerland to help decision makers in developing countries better understand and assess the risks posed by climate change, and to better cost, prioritize, sequence and integrate adaptation strategies into their development plans and budgets.
10 December 2008: The World Bank released a new report entitled “Low Carbon, High Growth: Latin American Responses to Climate Change.” The study argues that a shift towards low carbon activities could enhance the region's competitiveness and contribute to a faster recovery from the current economic meltdown.
5 December 2008: A meeting of the Global Forum on Flaring Reduction and Natural Gas Utilization convened from 4-5 December 2008, in Amsterdam, the Netherlands. Led by the World Bank, the Global Gas Flaring Reduction partnership (GGFR) found evidence of a decline in global gas flaring, while calling for oil producing countries and companies to keep up the momentum and redouble efforts in gas flaring reduction to reduce greenhouse emissions.
9 December 2008: The UN Environment Programme (UNEP) and the Global Environment Facility (GEF) have announced the completion of the nearly US$1 million Joint Geophysical Imaging project in Kenya. The project tested new seismic and drilling techniques to tap steam from hot underground rocks, and found wells of steam able to generate 4-5 MW of electricity, with one well yielding 8 MW.
6 December 2008: A new report released by the World Bank suggests that forecasting improvements in Europe and Central Asia can play a critical role in improving the economy and mitigating the impacts of disasters in the region. The report “Weather and Climate Services in Europe and Central Asia: A Regional Review” explains why improving weather monitoring systems can help mitigate damaging economic impacts of weather disasters, support increased productivity of agriculture, conserve energy, and promote safe aviation and transport by road and rail.
25 November 2008: Speaking ahead of the UN Climate Change Conference in Poznan, Poland, Richard Damania, World Bank Lead Environmental Economist for the South Asia Region, described the climate-related challenges in South Asia as daunting.
20 November 2008: The World Bank-led Global Gas Flaring
Reduction partnership (GGFR) will organize a forum to look for ways of
unlocking the value of wasted gas associated with oil production.
13 November 2008: The World Bank is moving ahead with the
Energy for the Poor initiative, a programme that seeks to provide rapid support
for countries' efforts to strengthen social safety nets to reduce the poor's
vulnerability to volatile fuel prices.
November 2008: The Second Conference on Adaptation to
Climate Change in Developing Countries will convene on 25 November 2008, in The
Hague, the Netherlands. Plenary speakers will include representatives from the
World Bank and the World Health Organization (WHO), as well as decision makers
from the EU and developing countries.
6 November 2008: The World Bank, in partnership with SEB and
Scandinavian institutional investors, will raise funds for projects seeking to
mitigate climate change or promote adaptation to its effects, through the issue
of a “World Bank green bond.”