Finance

World Bank Report Highlights Growing Momentum to Price Carbon [viewed]

World Bank28 May 2014: The World Bank and Ecofys have released a report, titled ‘State and Trends of Carbon Pricing 2014,' which states that momentum for carbon-pricing initiatives is building and initiatives such as emission trading schemes (ETS) and carbon taxes have increased significantly over the past year. 

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FS-UNEP Collaborating Centre Report Outlines Fiduciary Standards for Accessing Climate Finance [viewed]

fs-unep-centreMay 2014: The Frankfurt School (FS)-UN Environment Programme (UNEP) Collaborating Centre for Climate and Sustainable Energy Finance has released a report aimed at assisting developing country climate finance institutions in accessing funding from the Global Environment Facility (GEF) and the Adaptation Fund (AF). The report, titled 'Direct Access to International Climate Finance and Associated Fiduciary Standards,' compiles the minimum fiduciary standards required by these Funds and uses case studies to illustrate necessary supporting documentation.

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FS-UNEP Collaborating Centre Report Describes Transformation of Existing Fund into NCFI in Benin [viewed]

fs-unep-centreMay 2014: The Frankfurt School (FS)-UN Environment Programme (UNEP) Collaborating Centre for Climate and Sustainable Energy Finance has released a ‘Case study of the National Environment Fund Benin (FNE).' The report describes the transformation of an existing entity, FNE, an institution originally designed to mobilize international and national funding sources for national environmental projects, into a national climate finance institution (NCFI), the National Fund for the Environment and Climate (FNEC), which addresses climate change adaptation and mitigation as well as environment and development efforts.

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May 2014 Water Finance Update [viewed]

ebrd-worldbank-adb-gef-eib-afdbMay 2014: During May, international and regional financial institutions, including the World Bank, the Global Environment Facility (GEF), the African Development Bank (AfDB), the Asian Development Bank (ADB), the Inter-American Development Bank (IDB) and the European Bank for Reconstruction and Development (EBRD), undertook a variety of actions related to water resources, including presenting the results of existing projects, participating in regional conferences and approving new loans. Projects this month addressed issues including transboundary water cooperation, water supply and sanitation, hydroelectric generation, disaster risk reduction (DRR) and ecosystem service conservation, among others.

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UNEP Inquiry Examining Design Options for a Sustainable Financial System [viewed]

financialinquiry28 May 2014: The UN Environment Programme (UNEP) launched an 'Inquiry into the Design of a Sustainable Financial System: Policy Innovations for a Green Economy' to explore how the financial system might better meet the needs of, and mobilize capital for, a green economy in January 2014. The Inquiry Co-Directors, Nick Robins and Simon Zadek, presented the background, approach and goals of this 18-month initiative at an event on 28 May, at the Johns Hopkins University's School of Advanced International Studies (SAIS), in Washington DC, US.

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GEF Council Considers 2020 Strategy, GEF-6 [viewed]

gefcouncilmeeting27 May 2014: The 46th meeting of the Global Environment Facility (GEF) Council convened immediately prior to the 5th meeting of the GEF Assembly. The Council considered, inter alia, the long term strategy for the GEF, co-financing policy, the GEF-5 Work Program, and the Work program and budget of the GEF Independent Evaluation office. Agenda items specific to the sixth replenishment period of the GEF Trust Fund (GEF-6) included a proposal for the System of Transparent Allocation of Resources (STAR) for GEF-6, implementation arrangements for the GEF Small Grants Programme, and a summary of the negotiations of the Sixth Replenishment of the GEF Trust Fund.

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STAP Advises GEF Assembly on Environmentally Sustainable Development [viewed]

GEF STAP24 May 2014: The Scientific and Technical Advisory Panel (STAP) of the Global Environment Facility (GEF) has released a report to the 5th meeting of the GEF Assembly, providing recommendations for advancing environmentally sustainable development under the sixth GEF replenishment (GEF-6). The report, titled ‘Delivering Global Environmental Benefits for Sustainable Development,' also reviews the expansion of the Advisory Panel's roles and responsibilities, and its contributions in GEF-5.

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Guest Article #108: An Opportunity to Learn, Share, Network at Climate Partnership Forum [viewed]

In just over a month from now, hundreds of people will be rallying behind the Climate Investment Funds (CIF) to participate in the fifth CIF Partnership Forum: a showcase of emerging CIF knowledge and learning on low carbon, climate resilient development and a key meeting place for climate change champions from around the world.

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AfDB Annual Meetings Discuss Next 50 Years in Africa [viewed]

AfDB23 May 2014: Governors adopted a number of resolutions and approved programmes and initiatives at the 49th Annual Meetings of the African Development Bank (AfDB). The Meetings took place under the theme, ‘The Next 50 Years: The Africa We Want.' The Annual Meeting took place from 19-23 May 2014, in Kigali, Rwanda.

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PEI Review Finds National Adaptation Costs Total US$1 Billion Annually in Bangladesh [viewed]

undp-unep-bangladesh23 May 2014: Bangladesh spends approximately 6-7% of its yearly budget, or US$1 billion annually, on adapting to climate change, according to a financial review undertaken by the Bangladesh Ministry of Finance, the UN Development Programme (UNDP) and the UN Environment Programme (UNEP).

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