Economics, Trade & Investment

World Bank Institute Trains South-East European Professionals in Energy Efficiency [viewed]

28 February 2012: The World Bank Institute (WBI) has organized courses aimed to educate architects, constructors and energy auditors on improving energy efficiency in South-East Europe to mitigate the effects of climate change by reducing greenhouse gas emissions.

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IFC Invests in Hydropower and Gas Company in Indonesia [viewed]

24 February 2012: The IFC (International Finance Corporation), a member of the World Bank Group, acquired 11% of an independent hydroelectric sources and gas producer in Indonesia, as a means to provide cleaner electricity to over 2 million people in Indonesia by 2016.

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Event: IDB Seminar on Emerging Sustainable Cities [viewed]

The Inter-American Development Bank (IDB) is organizing a "Seminar on Emerging Sustainable Cities: From Diagnostics to Action" on the side of its annual meeting. The event will feature sessions on: the review of the Emerging Sustainable Cities Initiative; climate change and cities; and governance and climate change.  

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G20 Finance Ministers and Chancellors Discuss Green Growth [viewed]

G-2026 February 2012: Two meetings of the Group of Twenty (G-20) were held during the month of February and addressed climate change and green growth. One gathered finance ministers and central bank governors, and the second brought together secretaries of state and chancellors.

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Nordic Council of Ministers Report Finds High Risk of Carbon Leakage [viewed]

28 February 2012: The Nordic Council of Ministers has released a report, titled “Carbon Leakage from a Nordic Perspective," that finds a high risk of carbon leakage, which occurs when industries move from countries with strict regulations to those with less rigorous approaches to addressing climate change.

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EU Commissioner for Climate Action Calls for Redefining the Concept of Growth [viewed]

EU27 February 2012: In an article titled “Let's All Grow Sustainably,” published by the European Commission, Connie Hedegaard, EU Commissioner for Climate Action and a member of the UN High-Level Panel on Global Sustainability, stresses the need to redfine the concept of growth, including by tackling climate change, as part of a new sustainable growth model.

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EIB, Caribbean Development Bank Launch Climate Action Lending Programme [viewed]

24 February 2012: The European Investment Bank (EIB) and the Caribbean Development Bank (CDB) agreed the details of a US$65 million dedicated Climate Action lending and technical assistance programme funded by the EIB for the 18 CDB member countries.

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CDEMA Launches Sub-Regional Consultations of Caribbean Disaster Management Officials [viewed]

Caribbean Disaster Emergency Management Agency (CDEMA)14 February 2012: The Caribbean Disaster Emergency Management Agency (CDEMA) has begun the second annual round of consultations among senior government officials in each of its four Sub-regions.

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World Bank and GEF Grants to Protect 13.5 Million Hectares in the Amazon [viewed]

World Bank - GEF23 February 2012: The World Bank has approved a US$15.9 million Global Environment Facility (GEF) grant to consolidate existing protected areas and create an additional 13.5 million hectares of protected areas in the Brazilian Amazon over the next four years.

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IDB Approves Loan to Modernize Public Transportation in Colombia [viewed]

IDB23 February 2012: The Inter-American Development Bank (IDB) has approved a US$105 million loan for the city of Cali, Colombia, to complete the modernization of its public transportation system.

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