Fourteen new countries were accepted to the Scaling up Renewable Energy Program in Low Income Countries (SREP). Programme implementation continues to be slow, with expected co-financing often dropped.
This week, the Green Climate Fund (GCF) gathers in Barbados for the eighth meeting since its inception.
The World Bank group supports the growth of the green bond market through the IBRD and the IFC to “catalyse the market through strategic issuances of green bonds based on their triple-A ratings.”
World Bank’s involvement in the Global Environment Facility and Green Climate Fund trust funds criticised.
World Bank continues to strongly back REDD+ forest projects, which have been criticised for not consulting indigenous peoples or respecting land rights.
Latest update on the World Bank-housed Climate Investment Funds ahead of their June meetings. Covers key trends in projects related to clean technology, resilience to climate change, forests and renewable energy
Update on the Scaling up Renewable Energy Program (SREP) from CIFs Monitor 9
Update on the Forest Investment Program (FIP) from CIFs Monitor 9
Updates on the Clean Technology Fund (CTF) from CIFs Monitor 9
Updates on the Pilot Program for Climate Resilience (PPCR) from CIFs Monitor 9