Economics, Trade & Investment

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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OECD, WTO, ILO, IMF and World Bank Heads Identify Fields for Action [viewed]

28 April 2010: German Chancellor Angela Merkel organized a meeting with the OECD Secretary-General, WTO Director-General, ILO Director-General, IMF Managing Director and World Bank President. The joint press release from the event identifies several fields for action, including green growth and climate change.

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World Bank Showcases Climate Financing Results [viewed]

April 2010: The World Bank's brief on "Multiple Solutions to Address the Climate Change Challenge" highlights that the Bank channelled, during fiscal year 2009, US$9.3 billion in financing for climate-affected sectors. 

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Event: Middle East & North Africa Forum on Flaring Reduction and Gas Utilization [viewed]

Organized by the World Bank and the energy company Masdar, this forum will analyze the challenges and opportunities of flaring reduction projects across the Middle East and North Africa (MENA) region, and understand how carbon finance could make flaring reduction projects more economically viable.  

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Event: First Asia Solar Energy Forum [viewed]

The First Asia Solar Energy Forum, organized by the Asian Development Bank (ADB) in association with the International Energy Agency (IEA) and the UN Industrial Development Organization (UNIDO), is expected to bring together key policy makers and solar energy related professionals from nearly 30 of ADB's Member Countries with major solar energy and smart grid manufacturers, developers, suppliers, industry associations and knowledge institutes to support the development and deployment of solar energy technologies in Asia and the Pacific. Participation is by invitation only.  

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