World Bank

PA13 Hears Partner Updates, PMR Publishes Report on Carbon Leakage [viewed]

pmr30 October 2015: The 13th meeting of the Partnership Assembly (PA13) of the Partnership for Market Readiness (PMR) and accompanying workshops received updates on mitigation initiatives from around the world, including energy policy developments in Chile, the status of China's carbon market developments, the Norwegian Carbon Credit Procurement Program, and climate mitigation initiatives in Sri Lanka. PA13 also received updates from the UNFCCC on progress towards Paris and from the World Bank on its Carbon Pricing Initiatives and Transformative Carbon Asset Facility.

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World Cities Day Highlights Role of Good Urban Design [viewed]

worldcitiesday31 October 2015: The UN marked World Cities Day under the theme, ‘Better City, Better Life,' with global celebrations at the Expo 2015 Milano in Milan, Italy and around the world. The Day aims to raise awareness of sustainable urbanization, including on Sustainable Development Goal (SDG) 11 on inclusive, safe, resilient and sustainable cities.

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CEM Predicts Huge Growth in Off-Grid Appliance Market [viewed]

Clean Energy Ministerial29 October 2015: According to the Clean Energy Ministerial (CEM), the global market for off-grid appliances is expected to experience “rapid, significant growth," with consumer spending on off-grid fans, televisions and refrigerators increasing from US$525 million in 2015 to a possible US$4.7 billion in 2020. The research also highlights challenges that must be overcome in order for the market's potential to be fully realized, in regard to energy efficiency, finance, tariffs and taxes, distribution, consumer awareness and customer service.

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FCPF Carbon Fund Thirteenth Meeting Selects Seven ER-PINs [viewed]

Forest Carbon21 October 2015: Held from 13-16 October 2015 in Brussels, Belgium, the 13th meeting of the Carbon Fund, organized under the World Bank's Forest Carbon Partnership Facility (FCPF), approved seven Emission Reductions Program Idea Notes (ER-PINs) for potential selection into the Carbon Fund pipeline.

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Niger Basin Countries Adopt Climate Resilience Investment Plan [viewed]

wb_bassinniger27 October 2015: The countries of the Niger Basin have jointly developed a Climate Resilience Investment Plan (CRIP) that outlines 246 priority actions for building climate resilience. The nine member States of the Niger Basin Authority (NBA), Benin, Burkina Faso, Cameroon, Chad, Côte d'Ivoire, Guinea, Mali, Niger and Nigeria, collaborated on the Plan and pledged to advocate for technical and financial support to implement its priority actions.

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October 2015 Climate Finance Update [viewed]

adb_afdb_eib_ebdr_idb_cbd_wb_gcf_pmr_af_ifad_unepdtu_unfccc_un2 November 2015: During the month of October, the Asian Development Bank (ADB), the African Development Bank (AfDB), the European Investment Bank (EIB), the European Bank for Reconstruction and Development (EBRD), the Inter-American Development Bank (IDB), the Caribbean Development Bank (CDB), the World Bank, the Green Climate Fund (GCF), the Adaptation Fund and others reported on funding, project news and other climate-related finance developments. Multilateral development banks, environmental funds and UN entities also released studies, newsletters and reports on, inter alia, food security, access to finance, green bonds, black carbon and private sector climate finance.

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Event: CGIAR Seminar: How Can Agriculture Help Achieve the 2-Degree Target? [viewed]

Co-organized by the CGIAR Research Program on Climate Change, Agriculture and Food Security (CCAFS) and the World Bank, this seminar will address the efforts necessary to achieve a net contribution to emissions reductions from the agricultural sector. Experts from international agricultural research centers and other international organizations will discuss: how agriculture can help achieve the 2°C climate change limit; delivering a transformed food sector; and considerations for achieving a mitigation target for agriculture.  

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GEF Council Approves Regional Programme to Protect Amazon [viewed]

GEF21 October 2015: The Global Environment Facility (GEF) Council has approved a “first-of-its-kind” multi-million dollar project to help protect over 80% of the Amazon and combat climate change. GEF says it will commit US$113 million for the Amazon Sustainable Landscapes Program, a regional programme covering Brazil, Colombia and Peru, which is expected to leverage US$682 million in additional financing over five years.

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Event: FCPF Participants Assembly and Participants Committee Meeting [viewed]

Organized by the Forest Carbon Partnership Facility (FCPF), the twentieth meeting of the Participants Committee is expected to address the readiness package of Costa Rica and mid-term progress reports with requests for additional funding by Chile, Mozambique and Nepal. The eighth meeting of the Participants Assembly is expected to hear reports and address administrative and legal matters. A joint FCPF/UN-REDD Programme Knowledge Exchange Day is scheduled for 8 November.  

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Global Leaders Launch Carbon Pricing Panel [viewed]

cpl20 October 2015: Global leaders have come together to launch the Carbon Pricing Panel and to urge countries and companies around the world to put a price on carbon pollution. The Carbon Pricing Panel was convened by World Bank Group President Jim Yong Kim and the Managing Director of the International Monetary Fund (IMF) Christine Lagarde, joined by the Secretary General of the Organisation for Economic Co-operation and Development (OECD) Angel Gurria.

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