Economics, Trade & Investment

Event: International Renewable Energy Jobs Conference [viewed]

The International Renewable Energy Agency (IRENA) is organizing this event alongside the World Future Energy Summit (WFES). The conference will discuss how the renewables sector has become a significant employer with potential for creating millions more jobs worldwide in coming years. It will provide an opportunity for experts and policy makers to share knowledge, experience and best practices on renewable energy job creation. It will also look at trends and dynamics in renewable energy job creation and the policy and economic environment needed to maximize potential for job creation.  

read more »

GEF Council Approves US$259.84 Million Work Program [viewed]

45th-meeting-of-the-GEF-Council7 November 2013: The 45th meeting of the Global Environment Facility (GEF) Council considered, inter alia: the progress report on the pilot accreditation of GEF Project Agencies; the mid-term evaluation of the System for Transparent Allocation of Resources (STAR); the mid-term evaluation of the National Portfolio Formulation Exercise (NPFE); an update on the GEF-6 replenishment; a review of GEF Agencies on their application of environmental and social safeguards and gender mainstreaming; and an update on the development of the GEF 2020 strategy. The GEF Council also approved a Work Program amounting to US$259.84 million.

read more »

Climate Finance Tracking Website Launched [viewed]

AfDBNovember 2013: The African Development Bank (AfDB) has announced its efforts to develop a climate finance tracking methodology, through collaboration to develop a joint multilateral development bank methodology for tracking adaptation and mitigation finance. 

read more »

UN, World Bank, EU Pledge Support to Sahel [viewed]

un-worldbank8 November 2013: Development leaders traveled to the Sahel region in Africa to discuss governance, resilience, peace and security with the leaders of Burkina Faso, Chad, Mali and Niger. During the trip, from 4-8 November 2013, the World Bank and EU announced over US$8 billion in investments to boost economic growth and tackle poverty in the region.

read more »

UNFCCC Publishes Documents on Bunker Fuels, GEF and GCF [viewed]

UNFCCC10 November 2013: The UNFCCC has released documents for consideration during the Warsaw Climate Change Conference, which address information on bunker fuels, the Green Climate Fund (GCF) and the Global Environment Facility (GEF). These topics will be considered under the agenda of different bodies during the upcoming days. 

read more »

IFC Sees Possibility of US$1 Trillion in Climate-Smart Investment Potential in EMENA Region [viewed]

IFCNovember 2013: The International Finance Corporation (IFC), a member of the World Bank Group (WBG) and the largest global development institution focused exclusively on the private sector, has published a report that estimates up to US$1 trillion in climate-smart investment potential in renewable energy, resource efficiency and climate change adaptation across Emerging Europe, Central Asia, and the Middle East and North Africa (EMENA).

read more »

Representatives from Developed Countries Discuss Fast-Start Finance [viewed]

enbots-event112 November 2013: The UN Framework Convention for Climate Change (UNFCCC) Secretariat organized a side event on 'Fast-Start Finance - Lessons Learned 2010-2012,' during which representatives from a number of developed countries discussed their efforts related to fast-start finance.

read more »

IEA World Energy Outlook Highlights Energy Sector Trends, Predicts 3.6°C Temperature Increase [viewed]

IEA12 November 2013: The International Energy Agency (IEA) has released its flagship annual publication, the 'World Energy Outlook (WEO) 2013,' which opens with the following sentence: “Many of the long-held tenets of the energy sector are being rewritten.”

read more »

AfDB Facilitates Nearly US$65 Million in Investment into Africa Renewable Energy Fund [viewed]

AfDB13 November 2013: The African Development Bank's (AfDB) Board of Directors has approved a US$25 million equity investment in the Bank's Africa Renewable Energy Fund (AREF), which has been supplemented by further partner investments of US$39.5 million. The fund aims to demonstrate and catalyze the viability of Africa's renewable energy potential to investors.

read more »

Multilateral Development Banks Release Joint Report on Climate Change Finance [viewed]

Multilateral-Development-Banks.jpgNovember 2013: According to the 'Joint Report on MDB Climate Finance 2012,' the multilateral development banks (MDBs) spent nearly US$27 billion to address climate change during the 2012 fiscal year, with over US$21 billion dedicated to mitigation and almost US$6 billion to adaptation. From these resources, the Global Environment Facility (GEF) and the Climate Investment Funds (CIF) have contributed to US$2 billion.

read more »