Economics, Trade & Investment

World Bank Funds Energy Efficiency in Moldova [viewed]

World Bank Approves US $10 Million in Additional Financing for Moldova's Energy II Project

29 January 2009: The World Bank approved a US$10 million credit for Moldova to scale-up heating supply and improve the efficiency of heating services in the country.

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IDB Funds Energy Efficiency in the Caribbean [viewed]

28 January 2009: The Inter-American Development Bank (IDB) recently approved three projects to support energy efficiency in the Caribbean. The Bahamas will receive US$1.45 million to strengthen the capacity of the Ministry of the Environment and support ongoing efforts to reform the country's regulatory, financial and fiscal frameworks, in order to achieve a sustainable energy matrix and to encourage energy efficiency in public, commercial and residential buildings.

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World Bank's Climate Investment Funds Committee Identifies Recipient Countries for Adaptation Funds [viewed]

World Bank

30 January 2009: The Trust Fund Committees for the World Bank's Climate Investment Funds met on 27-30 January 2009, and identified which countries will be offered funding under the PPCR within the US$6 billion Climate Investment Funds. Bangladesh, Bolivia, Cambodia, Mozambique, Nepal, Niger, Tajikistan and Zambia have been invited to submit projects to the World Bank's Pilot Program for Climate Resilience (PPCR), which will provide about US$500 million for scaled up action and transformational change in integrating climate resilience in national development planning.

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ADB Funds Energy Efficiency Lighting in the Philippines [viewed]

ADB to Help Philippines Save $100 Million Yearly Fuel Cost by Using Energy-Efficient Lights

2 February 2009: The Asian Development Bank (ADB) approved a US$31.1 million loan for an energy-efficiency project in the Philippines that will provide 13 million energy-saving compact fluorescent lamps (CFL) to homeowners and businesses as part of a government push to save about US$100 million every year in fuel costs, and a deferral of an investment of US$450 million in power generation and associated network capacity. 

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World Bank Reports on CDM Wind Power Project in the Philippines [viewed]

The World Bank's carbon finance program provides clean electricity to poor communities and helps reduce emission of harmful greenhouse gases that cause climate change. It has also catalyzed the emergence of the carbon market that is transforming renewable energy financing in the Philippines.

2 February 2009: The World Bank has reported the success of a Clean Development Mechanism (CDM) wind-power project in Bangui Bay, where the Bank's carbon finance programme is funding a wind farm with a 33 MW capacity and the possibility to provide half the province's power needs.

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World Bank's Annual Development Marketplace to Focus on Adaptation to Climate Change [viewed]

Development Marketplace

January 2009: The World Bank has launched its annual Development Marketplace competition for seed grants, which will be focused on innovations for climate change adaptation.

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UNDP Welcomes Davos Emphasis on Climate Change [viewed]

UN Development Programme (UNDP)

29 January 2009: Commenting on the message on climate change “Shaping an Opportunity Out of Crisis” issued to the participants at the World Economic Forum taking place in Davos, Switzerland, the UN Development Programme (UNDP) welcomed the emphasis placed on addressing climate change at this year's edition of the event. 

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World Bank Releases Technical Report on Development and Climate Change [viewed]

World Bank Releases Technical Report on Development and Climate Change

28 January 2009: The World Bank has released an extensive technical report that serves as a background document for its strategic framework for climate change approved in 2008, titled “Development and Climate Change: A Strategic Framework for the World Bank Group.”

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IDB Supports Renewable Energy Matrix in Peru [viewed]

IDB supports creation of new sustainable energy matrix in Peru

28 January 2009: The Inter-American Development Bank (IDB) will provide financial and technical support to the Government of Peru to support an integrated approach to developing conventional and renewable energy sources in order to contribute to climate change mitigation. A new energy matrix is the centerpiece of a package of measures Peru has agreed to carry out under a US$150 million programmatic policy-based loan approved by the IDB Board of Executive Directors on 28 January 2009.

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OECD's Secretary-General's Message to Davos: Promote a “Green” Recovery [viewed]

Article by OECD's Secretary-General

27 January 2009: The World Economic Forum Annual Meeting 2009 opened in Davos, Switzerland, under the overall theme “Shaping the Post-Crisis World.” Over 2,500 participants and 40 Heads of State and government are participating in the meeting, where business, civil society and government leaders have gathered to share ideas on how to shape the post-crisis agenda, from economic reform to climate change. In an article entitled “The world needs to rewrite the rules of finance and global business,” Angel Gurría, Secretary-General of the Organisation for Economic Co-Operation and Development (OECD), writes that the Organisation is focusing on a strategic response to the crisis involving specific policy recommendations. He stresses the need for new thinking in various areas, including in tackling climate change, social exclusion and poverty, and calls for encouraging “the low-carbon innovation needed for a “green” recovery.”

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