Finance

EBRD Lends to Russian Bank to Promote Energy Efficiency [viewed]

28 October 2011: The European Bank for Reconstruction and Development (EBRD) is providing Russia's NBD Bank with 280 million roubles in financing to lend on to small businesses interested in improving energy use practices. NBD is the second largest bank in Russia's Nizhny Novgorod region.  

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World Bank Institute Climate e-Bulletin Focuses on Durban [viewed]

World Bank20 October 2011: The October edition of the World Bank Institute's Climate Change Practice quarterly e-bulletin presents dialogues with various climate change experts, recorded via videoconference, that are focused on preparations for the upcoming 17th session of the Conference of the Parties (COP 17) to the UNFCCC.

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Event: CIF SREP Pilot Countries Meeting [viewed]

The Climate Investment Funds (CIF) Scaling Up Renewable Energy Program (SREP) will hold a meeting of its pilot countries, to evaluate progress and discuss tasks ahead. Pilot countries taking part in SREP are: Ethiopia, Honduras, Kenya, Maldives, Mali and Nepal.  

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UN Launches Flash Appeals to Address Flooding in Central America [viewed]

28 October 2011: The UN International Strategy for Disaster Reduction (UN/ISDR) has announced that the UN has launched two flash appeals to provide emergency assistance to the Central American countries of Nicaragua and El Salvador. Both countries are facing the highest rainfall in 50 years, due to Tropical Depression 12-E.

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World Bank Supports Large-Scale Renewable Electricity Generation in South Africa [viewed]

World Bank27 October 2011: The World Bank approved a US$250 million loan for South Africa to help implement utility-scale, concentrated solar power and wind power plants for electricity generation.

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Adaptation Fund Launches Photo Contest [viewed]

Adaptation Fund26 October 2011: In an effort to raise awareness regarding the importance of adapting to climate change, the Adaptation Fund has opened a photo contest on: "What adaptation means to you."

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African Economic Conference Calls for Climate Insurance for Farmers [viewed]

27 October 2011: With increasing volatility due to climate change and price shocks, delegates to the Sixth African Economic Conference heard that investment in agriculture alongside stabilization and insurance schemes, including for small holder farmers, may be necessary to ensure domestic price stability.

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CDM Executive Board Considers Strategic Planning and Support Structure [viewed]

27 October 2011: The report of the 64th meeting of the Clean Development Mechanism (CDM) Executive Board is now available online. The report outlines issues considered by the Board at the meeting, including issues relating to: the Board's strategic planning and direction; the Board's support structure; the CDM management plan; registration of CDM projects; regulatory matters; and relations with forums and other stakeholders.

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CIF Trust Fund Invites Private Sector Observer Nominations [viewed]

26 October 2011: The Climate Investment Funds (CIF) is inviting nominations for private sector observers for the Clean Technology Fund (CTF) as well as for the three Sub-Committees of the Strategic Climate Fund: the Forest Investment Program (FIP), the Pilot Program for Climate Resilience (PPCR), and the Scaling-up Renewable Energy Program (SREP).

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UN Secretary-General Calls on G20 to Step Up for Sustainable Development [viewed]

Ban Ki-moon, UN Secretary General25 October 2011: Ahead of the Group of 20 (G20) summit in Cannes, France, UN Secretary-General Ban Ki-moon has called on the world's largest economies to show the bold leadership needed to resolve the global economic crisis and achieve sustainable development.

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