Industrial Development

IFC Issues US$1 Billion in Green Bond Program to Climate-Friendly Projects [viewed]

14 February 2012: The International Finance Corporation (IFC) has issued US$1 billion through its Green Bond Program. As the largest finance bond scheme so far, IFC aims to engage large-scale investors from the private sector to support climate change projects in developing countries.

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IBD Fund Approved to Support Small Guyanese Enterprises in Low-Carbon Sectors [viewed]

IDB28 February 2013: Approved by it's Board of Directors on 27 February 2013, the Inter-American Development Bank (IDB) will administer a US$5 million grant program to support implementation of the portion of Guyana's Low Carbon Development Strategy (LCDS) devoted to expanding microfinance for micro and small enterprises in low-carbon sectors (LCSs).

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IEA Warns Four Degree Temperature Rise Increasingly Likely without Rapid Progress on Decarbonizing Electricity [viewed]

IEA12 February 2013: A new International Energy Agency (IEA) book, titled “Electricity in a Climate-Constrained World,” indicates that electricity is the largest source of CO2 emissions in the energy sector, with coal dominating electricity generation. The report presents the most current statistics and analysis illustrating the imperative of reducing emissions from electricity generation to avoid catastrophic climate change.

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IEA Report Highlights Sweden's Progress Towards a Low-Carbon Economy [viewed]

IEA5 February 2013: A review of Sweden's energy policy published by the International Energy Agency (IEA) indicates that Sweden's trajectory towards a low-carbon economy is on track, although challenges remain. The review recommends that Sweden should, inter alia, develop an action plan to realize the 2030 target for achieving a fossil fuel-free vehicle fleet and increase investment in clean energy technologies, including smart grids, biofuels, and carbon capture and storage (CCS).

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IEA Receives Outstanding Low-Carbon Publication Award [viewed]

IEA4 February 2013: Two International Energy Agency (IEA) reports, "Technology Roadmap: Fuel Economy of Road Vehicles" and "Policy Pathways: Improving the Fuel Economy of Road Vehicles - A policy package" have won the Outstanding Low-Carbon Publication Award. The award was presented by the Low Carbon Vehicle Partnership (LowCVP), a public-private partnership that supports the development of effective policy and the transition to low carbon vehicles and fuels sponsored the awards.

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World Economic Forum 2013 Considers Ways to Revive Global Economy Sustainably [viewed]

6 February 2013: The 2013 Annual Meeting of the World Economic Forum was held on the theme “resilient dynamism” and focused on three pillars: leading through adversity; strengthening societal resilience; and restoring economic dynamism.

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CDM Executive Board Launches Two-Year Business Plan [viewed]

UNFCCC1 February 2013: The Executive Board of the Clean Development Mechanism (CDM) has launched a two-year business plan, comprising projects aimed at building the Mechanism's success and promoting its use as a tool for low-carbon development.

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DSDS Focuses on Resource-Efficient Growth and Development [viewed]

31 January 2013: The Energy and Resources Institute (TERI)'s Delhi Sustainable Development Summit (DSDS) organized annually since 2001, discussed sustainability challenges across different business sectors as well as resource-efficient growth. The 2013 Summit was organized around the theme "The Global Challenge of Resource Efficient Growth and Development." 

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EBRD Project in Georgia Now Registered under Kyoto Protocol's CDM [viewed]

EBRD31 January 2013: The European Bank for Reconstruction and Development (EBRD) has reported that an energy efficiency project will allow Georgia's largest power plant to sell an estimated 5.8 million carbon credits under the Kyoto Protocol's Clean Development Mechanism (CDM) over ten years.

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Event: Identifying Global Actions to Advance CCS in Industrial Applications [viewed]

This workshop, organized by the International Energy Agency (IEA) and the Carbon Capture and Storage Association (CCSA), will discuss the steel, cement, refining, chemicals and other major energy-intensive sectors in the context of technology readiness, project development models and supportive policy regimes. The event, which is aimed at governments and companies active in the relevant sectors, will focus on eliciting key messages and policy conclusions. Recent work on carbon capture and storage (CCS) in industrial applications in different regions will also be considered. An afternoon working session will address the report to the fourth Clean Energy Ministerial (CEM4).  

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