Climate finance

Environment

News

As Green Climate Fund and World Bank sign framework agreement, concerns about Bank's role linger

Bank and GCF finalise framework agreement, meaning nine co-financed projects can go forward.

4 April 2019

Environment

News

World Bank remains GCF interim trustee amid questions over long-term status

GCF’s permanent trustee will chosen through open bidding process with final decision expected to be taken in October

4 April 2018

Environment

Background

Carbon finance: The role of the World Bank in carbon trading markets

This Inside the Institutions looks at the role of the World Bank in carbon finance initiatives

26 September 2018 | Inside the institutions

Environment

Background

On track to 1.5C: Mainstreaming climate and forest actions in MDB lending and country strategies

Notes from a meeting at the IMF/World Bank 2017 spring meetings on MDB actions on climate change and forests.

25 April 2017 | Minutes

Environment

News

COP 23 puts Bank-backed climate insurance in spotlight

Lack of progress on Loss & Damage finance at global climate talks means climate insurance remains default option to mitigate losses from climate change.

6 December 2017

Environment

Analysis

Clean Technology Fund (CTF)

A revised Clean Technology Fund (CTF) pipeline management and cancellation policy has been approved. A document outlining further details on the proposed “CTF 2.0” will be discussed. Approval for reallocation of funds for a Morocco project was challenged by Germany and the decision postponed.

30 November 2016

Environment

Analysis

Pilot Program for Climate Resilience (PPCR)

Pipeline management and cancellation policies are in preparation for the Pilot Program for Climate Resilience (PPCR) to address funding constraints, with no funding available for new pilot countries’ projects. Questions were raised about gender impacts for a renewable energy project in Mozambique.

30 November 2016

Environment

Analysis

Forest Investment Program (FIP)

Challenges in measuring progress were noted for the Forest Investment Program (FIP), in particular greenhouse gas accounting. Investment plans for Mozambique and Ivory Coast have been approved. Questions were raised over the reasoning for a commercial teak plantation project in Ghana.

30 November 2016

Environment

Analysis

Scaling Up Renewable Energy Program (SREP)

A new a new Enhanced Private Sector Program for the Scaling up Renewable Energy Program in Low Income Countries (SREP) is due to discussed. Cambodia’s investment plan has been approved. Social, environmental and financial risks related to a Nicaragua geothermal project were raised.

30 November 2016

Environment

Analysis

Climate Investment Funds Monitor 14

New edition of the Bretton Woods Project's biannual Climate Investment Funds (CIFs) Monitor, including an update on the Green Climate Fund, published to coincide with the World Bank-hosted CIFs trust fund committee meetings.

30 November 2016