Posts Tagged: International Financial Institution

ADB Finances "Green" Buses in People's Republic of China

The ADB project is supporting the expansion of “green” bus services in the People’s Republic of China, an initiative that will benefit low-income commuters, improve air quality and reduce GHG emissions. The initiative is in line with the $175 billion commitment made at the June 2012 UN Conference on Sustainable Development (UNCSD, or Rio+20) by multilateral development banks to improve transport in developing countries between 2012 and 2022.

CIF Reports on Mozambique's Strategic Programme for Climate Resilience

CIF has reported on the implementation of Mozambique’s US$100 million strategic programme for climate resilience. The Government of Mozambique, together with the World Bank, the International Finance Corporation (IFC) and the African Development Bank (AfDB), is developing climate-resilient projects envisioning policy and institutional change in several sectors, such as agriculture, coastal cities, transport, water management, forestry and learning.

ADB E-Trike Project to Reduce Carbon Dioxide Emissions in the Philippines

The Asian Development Bank (ADB) is supporting a five-year project to replace 100,000 gasoline-burning tricycles with energy efficient electric tricycles, or E-Trikes, in Metro Manilla and urban centers in the Philippines. The E-Trike project will reduce carbon dioxide emissions by approximately 260,0000 tons annually and contribute to improved air quality. The project will also avoid US$100 million in fuel import costs, which will reduce dependency on foreign oil imports and increase driver income.

GEF CEO Launches Forum on Innovation and Partnership

Naoko Ishii, CEO of the Global Environment Facility (GEF), launched the Forum on Innovation and Partnership as part of the GEF2020 strategy. The Forum will organize five high-level dialogues on: the use of information and communication technology (ICT) to spur innovative approaches to addressing environmental challenges; cooperation among developing countries and between developing countries and developed countries; sustainable cities; sustainable islands; and new types of partnerships.

ESMAP Report Finds Large Potential for Low-Carbon Growth Strategies

The Energy Sector Management Assistance Program (ESMAP) of the World Bank report, which is based on analyses in Brazil, China, India, Indonesia, Mexico, Poland and South Africa, finds that many of the greenhouse gas (GHG) reduction measures pay themselves back, while ambitious global action to reduce technology costs, scale up private sector financing, and provide climate financing is still required.

UNFCCC Secretariat Offsets Carbon Footprint with Adaptation Fund CERs

The UNFCCC Secretariat has achieved its aim of full climate neutrality by the end of 2012, through emission avoidance and reduction, plus an offsetting scheme using Adaptation Fund (AF) Certified Emissions Reductions (CERs) for the remaining balance. The UNFCCC Secretariat encourages other UN agencies and intergovernmental organizations to do the same.

UNEP ROLAC Launches Online Platform for Technology Transfer and Action on Climate Change

The UN Environment Programme (UNEP) has created a virtual network of technology centers and knowledge platform on climate change for Latin America and the Caribbean, known as REGATTA, to foster exchange information and knowledge, offer online communities of practice on mitigation and adaptation, provide on-demand technical assistance, and point LAC users to tools, methods, case studies, best practice and lessons learned.