Energy

EIB's Climate Awareness Bond Increases to €1.5 Billion [viewed]

Eib14 January 2014: The European Investment Bank (EIB) had its first transaction of 2014 in the European green bond market, a €350 million Climate Awareness Bond (CAB) increase. Due 15 November 2019, the CAB is now worth a record €1.5 billion, the largest climate-themed bond in any currency.

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UNFCCC Executive Secretary Calls for Increased Investment in Low-Carbon Assets [viewed]

Christiana Figueres COP1715 January 2014: UNFCCC Executive Secretary Christiana Figueres has called on investors to redirect their investment portfolios towards low-carbon assets, such as assets built on renewable energy and energy efficiency, in order to contribute to achieving a low-carbon economy. 

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Event: IRENA Africa Clean Energy Corridor High-Level Meeting [viewed]

This ministerial meeting is being convened to consider an Action Agenda for the Africa Clean Energy Corridor, an initiative launched at the third session of the International Renewable Energy Agency (IRENA) Assembly in January 2013, with the objective of developing clean, indigenous, cost-effective renewable power to support Africa's economic development. The Ministerial Round Table will discuss: benefits of the Africa Clean Energy Corridor; countries' views on the opportunity to move to a renewable energy future; key challenges that countries will face in making the transition; whether countries are fully equipped to use their renewables resource potential; and whether the concept of the Africa Clean Energy Corridor provides the necessary elements to enable renewable energy transition.  

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Ministerial Summit Renews GEO's Mandate [viewed]

geox17 January 2014: The Group on Earth Observations' (GEO) Tenth Plenary Session (GEO-X) and Geneva Ministerial Summit renewed GEO's mandate and launched the process for the development of a second 10-Year Implementation Plan for the Global Earth Observation System of Systems (GEOSS) to cover 2015-2025.

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New CTCN Director Appointed [viewed]

Unep Logo18 January 2014: The UN Environment Programme (UNEP) has announced that Jukka Uosukainen has been appointed as the Director of the Climate Technology Centre and Network (CTCN), the operational arm of the UNFCCC's Technology Mechanism.

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World Bank Paper Outlines Options for Low-Carbon Urban Investment in Shanghai [viewed]

World Bank21 January 2014: The World Bank has announced a paper that presents innovative bottom-up approaches to help cities set low-carbon targets and identify cost-effective, low-carbon investments for meeting these targets. The methodology presented in the study, titled 'Applying Abatement Cost Curve Methodology for Low-Carbon Strategy in Changning District, Shanghai,' is designed to be replicable in cities elsewhere in China and around the world.

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World Bank Launches 'Thirsty Energy' Initiative [viewed]

Thirsty-Energy21 January 2014: The World Bank has launched the 'Thirsty Energy' initiative in response to interlinked water and energy challenges, including growing competition for energy and water resources by an expanding global population, and increasing uncertainty caused by climate change.

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EIB, Masdar to Fast-Track Clean Energy Investment [viewed]

masdar-eib20 January 2014: The European Investment Bank (EIB) and Masdar, Abu Dhabi's renewable energy company, have signed a framework agreement to support joint investment opportunities for developing and financing clean energy projects in North Africa and the Middle East.

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European Commission Analyzes Energy Prices and Costs [viewed]

European Union 22 January 2014: The European Commission has released the 'Energy Prices and Costs Report,' which seeks to inform policy makers on recent energy price increases in Europe and their impact on energy consumers. The report describes the drivers for rising retail energy prices, with a focus on electricity and gas, and analyzes how their prices have evolved in recent years in different EU member States.

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January 2014 Water Finance Update [viewed]

World Bank AFDB21 January 2014: The World Bank, the Global Environment Facility (GEF) and the African Development Bank (AfDB) made a number of investments in the water and sanitation sector in January 2014, including in Albania, Bangladesh, Ghana, India, Madagascar, the Russian Federation, Togo and Viet Nam, for projects aimed at improving basic urban services, providing rural access to water supply and sanitation, expanding hydromet systems to monitor hydrological information, and improve the climate resilience of irrigated agriculture and water supply and sanitation services, among others.

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