Finance

World Bank Supports Green Growth, Disaster Risk Management in Brazilian State [viewed]

World Bank1 May 2012: The World Bank approved a US$480 million loan to the State of Rio Grande do Sul, Brazil, to support a series of green growth projects in areas such as private sector development, public transport systems, education, and disaster risk management.

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Policy Update #11: Promising Winds and Threatening Clouds - A Forecast of the Level of Ambition of the Durban Platform [viewed]

The 17th session of the Conference of the Parties (COP 17) to the UNFCCC decided in Durban to launch a process to develop “a protocol, another legal instrument or an agreed outcome with legal force under the Convention applicable to all Parties” through an Ad Hoc Working Group on the Durban Platform for Enhanced Action (AWG-DPA) (Decision 1/CP.17). Many observers noted that COP 17 thereby launched a new phase in the climate negotiations that offers a window of opportunity for collective action.

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UNFCCC Publishes ICAO and IMO Submissions on Fuel Emissions [viewed]

ICAO-IMO4 May 2012: The UNFCCC Secretariat has published submissions (FCCC/SBSTA/2012/MISC.7) from the International Civil Aviation Organization (ICAO) and the International Maritime Organization (IMO) on information relevant to emissions from fuel used for international aviation and maritime transport.

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Guest Article #76: Indian Ocean Islands Call on Rio+20 to Focus on Climate Change [viewed]

“Islands are the barometers of international environmental policies. The entire world will first witness their success or their failure on our islands.” These words, of James Michel, the President of Seychelles, deserve to be spoken out loud as delegates from small island developing States (SIDS) gear up to defend their interests at the UN Conference on Sustainable Development (UNCSD, or Rio+20).

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Informal Ministerial Meeting on the Durban Platform Calls for Building on Durban's Momentum [viewed]

Durban Climate Change Conference - November 20115 May 2012: An Informal Ministerial Meeting on the Durban Platform for Enhanced Action, held at the invitation of Maite Nkoana-Mashabane, South African Minister of International Relations and Cooperation and President of the 17th session of the Conference of the Parties (COP 17) to the UNFCCC, expressed determination to build on the momentum of the Durban Conference and achieve a strong outcome in Doha, Qatar, at COP 18.

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CIF Trust Fund Committees Approve Climate Resilience, Renewables and Forestry Projects [viewed]

4 May 2012: The Climate Investment Funds (CIF) held meetings of the Pilot Program on Climate Resilience (PPCR) Sub-Committee, the Scaling Up Renewable Energy Program (SREP) Sub-Committee, the Strategic Climate Fund (SCF) Trust Fund Committee, the Clean Technology Fund (CTF) Trust Fund Committee, and the Forest Investment Program (FIP) sub-Committee, and approved new projects on climate resilience, renewable energy and forests.

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World Bank Publishes Comprehensive Book on Low Carbon Urban Development in China [viewed]

Sustainable Low-Carbon City Development in China3 May 2012: The World Bank published a book titled, “Sustainable Low-Carbon City Development in China,” offering practical lessons to policymakers in China to organize and coordinate sustainable low-carbon urban development.

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IFC Launches Website and Brochure for China Energy Efficiency Finance Programme [viewed]

May 2012: The International Finance Corporation (IFC), a member of the World Bank Group, has launched a new website and brochure on the China Utility-Based Energy Efficiency Finance Program (CHUEE) to promote a market-based solution to China's energy efficiency challenges.

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IFC Launches US Green Bond for Climate-Friendly Investments in Developing Countries [viewed]

27 April 2012: The International Finance Corporation (IFC), a member of the World Bank Group, has raised US$500 million for climate-friendly investments through the launch of its first green bond in the U.S. market.

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World Bank Supports Sustainable Land Management in Moldova [viewed]

World Bank1 May 2012: The World Bank has approved a US$18 million credit and US$4.4 million Global Environment Facility (GEF) grant to provide funding for a programme in Moldova aimed at supporting the competitiveness of the agro-food sector.

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