Finance

G20 Finance Ministers Look Forward to Effective Green Climate Fund Design [viewed]

G2015 October 2011: The Group of 20 (G20) issued a Communiqué of Finance Ministers and Central Bank Governors highlighting their support for the effective design of the Green Climate Fund as part of the Durban outcome.

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World Bank Institute Highlights India's Energy Certificates Scheme [viewed]

14 October 2011: As part of a South-South learning initiated by the World Bank Institute, delegates from Kenya, the Philippines and Thailand participated in a two-day Knowledge Exchange with India's public and private sector to learn about their experiences using energy certificates. 

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World Bank Supports Green Growth Program in Macedonia [viewed]

14 October 2011: The World Bank has launched a Green Growth and Climate Change Analytic and Advisory Support Program in Macedonia, with the objective of supporting Macedonia in assessing the economic costs and benefits of a shift to greener growth, taking into account projected climate change, and prioritizing actions identified by the National Strategy for Sustainable Development (NSSD).

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IDB Supports Energy Efficiency in Caribbean Hotels [viewed]

IDB13 October 2011: The Inter-American Development Bank (IDB) has approved a US$2 million grant to finance a more energy efficient tourism industry in the Caribbean. The Caribbean Hotel Renewable Energy and Energy Efficiency Action– Advanced Program (CHENACT–AP) was presented during the Caribbean Renewable Energy Forum (CREF).

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World Bank Institute Concludes Dialogue Series on Climate Change [viewed]

October 2011: The World Bank Institute has concluded its five-part "Global Dialogue Series on Climate Change: The Road to Durban," which focused on climate change and cities, food security, and education and technology.

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EU Unveils Agenda for Change in Development Assistance [viewed]

13 October 2011: The European Commission has unveiled its "Agenda for Change" in EU Development policy as well as a new policy for EU budget support that aim to ensure  development aid provides the maximum impact on poverty reduction.

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RRI Dialogue Examines Role of Finance in Reducing Forest Loss [viewed]

12 October 2011: The 11th Rights and Resources Initiative (RRI) Dialogue convened under the theme “Status and Role of Public and Private Finance to Reduce Forest Loss and Degradation.” The Dialogue discussed lessons learned regarding the possibilities of a global forest carbon market, and the scope for individual projects.

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European Commission Unveils Agricultural Policy Reform Proposals [viewed]

12 October 2011: The European Commission has unveiled a draft reform of the Common Agricultural Policy (CAP) for the period after 2013, which aims to strengthen the competitiveness, sustainability and permanence of agriculture throughout the EU in order to secure for European citizens a healthy and high-quality source of food, preserve the environment and develop rural areas.

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EU Adopts Negotiating Position for Durban [viewed]

10 October 2011: The Council of environment ministers of the EU adopted conclusions establishing the EU position for the 17th session of the Conference of the Parties (COP 17) to the UNFCCC, in which they stress the need to agree on a global and comprehensive legally-binding framework as soon as possible to keep the increase of global temperature below 2°C compared to the pre-industrial level, guaranteeing legal certainty, predictability, reciprocity and comparability.

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IFC and CIF Fund Solar Plants in Thailand [viewed]

7 October 2011: The International Finance Corporation (IFC), a member of the World Bank Group, and the Clean Technology Fund (CTF), part of the Climate Investment Funds (CIF) will finance the development of two solar power plants in Thailand by providing a US$8 million dollar loan and a US$4 million dollar grant.

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