Industrial Development

World Bank Releases Study on Proactive Energy Transmission Expansion in Preparation for Scaling-Up Renewables [viewed]

World Bank2 May 2012: The World Bank is promoting proactive planning by transmissions utilities and regulators to ensure countries are capable of scaling up transmission capacity to allow expansion of renewable sources of energy required by low carbon development strategies.

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IFC Launches US Green Bond for Climate-Friendly Investments in Developing Countries [viewed]

27 April 2012: The International Finance Corporation (IFC), a member of the World Bank Group, has raised US$500 million for climate-friendly investments through the launch of its first green bond in the U.S. market.

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Caribbean Overseas Countries and Territories Council to Focus on Sustainable Development [viewed]

27 April 2012: High-level political representatives from ten Caribbean islands have formed the Caribbean Overseas Countries and Territories (OCT) Council, which will focus on sustainable development, including work on climate change and renewable energy, in its cooperation with the EU.

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BCIE Finances Hydropower Project in Honduras [viewed]

13 April 2012: The Central American Bank for Economic Integration (BCIE) has granted a partial credit guarantee to Banco Atlántida S.A. to help finance a small hydroelectric project in Honduras.

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IDB to Manage Canadian Climate Fund for the Private Sector in the Americas [viewed]

IDB30 April 2012: The Inter-American Development Bank (IDB) has been selected by the Canadian Government to manage the Canadian Climate Fund for the Private Sector in the Americas. The CAD$250 million Fund will focus on financing private sector climate mitigation and adaptation projects in Latin America and the Caribbean (LAC) that need concessional financing to become viable.

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UNFCCC Executive Secretary Addresses Philanthropists Forum [viewed]

Christiana Figueres, UNFCCC Executive Secretary18 April 2012: Speaking at the Annual Conference of the Global Philanthropy Forum, Christiana Figueres, Executive Secretary of the UN Framework Convention on Climate Change (UNFCCC), called on philanthropists to fuel the existing "momentum for both the sustainability and the energy revolutions.”

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IFC Promotes Green Building Certification System [viewed]

April 2012: The International Finance Corporation (IFC), a member of the World Bank Group, has launched a Green Buildings Certification System (EDGE) to encourage companies to invest in sustainably-designed buildings.

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New Clean Energy Initiatives and Commitments Announced at CEM3 [viewed]

26 April 2012: Leaders from the governments of the 23 Clean Energy Ministerial (CEM) participant countries, together with the Sustainable Energy for All (SE4All) initiative, have announced a variety of new commitments and initiatives to improve energy efficiency, increase the share of renewable energy, and enable energy access worldwide. These commitments and initiatives are the main outcomes of the two-day Third Clean Energy Ministerial (CEM3).

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Report Reviews Progress on CCS Deployment [viewed]

26 April 2012: The IEA and Global CCS Institute presented a report at the third Clean Energy Ministerial (CEM3) that tracks progress made on Carbon Capture and Storage (CCS) against recommendations made in 2011.

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IEA Chief to CEM: Achieving a More Secure, Sustainable Energy System Requires Urgent Action [viewed]

­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­24 April 2012: In an op-ed in the British newspaper The Guardian, Maria van der Hoeven, Executive Director, International Energy Agency (IEA), writes that "achieving a more secure, sustainable energy system, in line with the goal of limiting the rise in global temperatures to 2C, is still possible but requires urgent action by the world's major governments."

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