Economics, Trade & Investment

Event: GEF Replenishment Meeting [viewed]

The last replenishment meeting prior to the GEF Assembly is expected to agree on a final amount for the replenishment of the GEF Trust Fund for the period July 2010- June 2014.  

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EIB and Partners Establish Joint Climate Change Fund [viewed]

7 May 2010: The European Investment Bank (EIB), the French Development Agency (AFD) and the European Development Finance Institutions (EDFI) have signed a Memorandum of Understanding to establish the Interact Climate Change Fund.

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EIB Finances 103 MW Wind Farm in Mexico [viewed]

5 May 2010: The European Investment Bank (EIB) has approved a 78.5 million Euro loan to finance a wind farm in the south-west of Mexico.

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ADB Supports Solar Photovoltaic Power Plant in Thailand [viewed]

3 May 2010: The Asian Development Bank (ADB) approved funding for a 73 MW solar power plant in central Thailand, which is likely to become one of the largest solar photovoltaic projects in the world.

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EIB Issues Climate Awareness Bonds [viewed]

30 April 2010: The European Investment Bank (EIB) and Daiwa Securities Group announced an issuance of Climate Awareness Bonds to finance the EIB's future lending projects in the fields of renewable energy and energy efficiency.

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Event: Fifth Asia Clean Energy Forum 2010 [viewed]

The Clean Energy Forum, organized by the Asian Development Bank (ADB), USAID and the World Resources Institute, will feature a panel addressing the issue of Supersizing Energy Efficiency and Renewables to Meet the Climate Challenge.  

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AfDB Supports African Climate Change Institutions [viewed]

4 May 2010: The African Development Bank (AfDB) launched a project to support climate institutions in Africa from 2010-2012, for an estimated total of US$37 million.

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Fourth GEF Assembly Documents Identify Climate Tipping Points [viewed]

May 2010: The Global Environment Facility (GEF) has published documents for the Fourth GEF Assembly, including a report of its Scientific and Technical Advisory Panel (STAP), which highlights that climate change is "even more dangerous than previously expected" and identifies a series of climate change tipping points (GEF/A.4/3).

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World Bank Spring Meetings Increase Developing Country Voice [viewed]

The International Monetary Fund (IMF) and World Bank Group Spring Meetings, held in Washington DC from 24-25 April 2010, increased voting power in the International Bank for Reconstruction and Development (IBRD) for developing and transition countries by 3.13%, bringing it to a total of 47.19%, and also agreed to continue working towards equitable voting power while protecting the voting power of the smallest poor countries.

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ADB Annual Meeting Launches Three-Gigawatt Solar Energy Initiative [viewed]

3 May 2010: The Asian Development Bank (ADB) announced a solar energy initiative to generate 3,000 megawatts of solar power over the next three years, with plans to invest US$2.25 billion and the potential to leverage an additional US$6.75 billion in co-financing.

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