World Bank Group Announcements to Support Countries in Taking Climate Action - Worldbank

WASHINGTON, Dec 10, 2020 — The World Bank Group today made several announcements in line with its ongoing support to help developing countries address climate change and adapt to its mounting impacts.

These include:

  • Germany, the UK, and Austria are the first donors to a Green Recovery Initiative, which aims to help countries build a low-carbon, climate-resilient recovery from COVID-19. Funding will be provided through a new flagship World Bank trust fund, the Climate Support Facility which was launched  today with an initial investment of $52 million from the German Federal Ministry of Economic Cooperation and Development, the UK’s Foreign, Commonwealth and Development Office, and the Austrian Federal Ministry of Finance.

 

  • IFC has launched a new initiative, Scaling Up Climate Finance through the Financial Sector, which will help, through investment and advice from IFC, financial institutions in four countries to mobilize financing for private sector climate mitigation and adaptation projects. The goal is to increase climate lending to 30 percent of these institutions’ portfolio by 2030, while reducing coal exposure. The program will partner with the World Bank and the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) to develop conducive regulatory frameworks and create an appropriate market and policy environment for climate lending and climate risk management. The initiative aims to align financial-sector strategies with the implementation of these countries’ Nationally Determined Contributions (NDCs) under the Paris Agreement, which will require vast amounts of capital. The first phase, funded by Germany’s Federal Ministry of the Environment, Nature Conservation and Nuclear Safety, will be launched in Egypt, Mexico, the Philippines, and South Africa.
  • The World Bank’s new Climate Emissions Reduction Facility (CERF), an umbrella fund for climate finance, will be the Bank’s first trust fund providing operational liquidity at scale for low-carbon development projects. Over a 10-year period, the facility will disburse results-based climate finance, helping developing countries shape low-carbon development pathways and encouraging donors to increase funding to achieve scale.

 

  • The World Bank – as trustee of the Forest Carbon Partnership Facility – has now signed landmark Emission Reductions Payment Agreements with governments in eight countries; Chile, Costa Rica, Côte d'Ivoire, Democratic Republic of Congo, Ghana, Indonesia, Mozambique, Vietnam. These will unlock over $450 million for efforts to lower carbon emissions from deforestation and forest degradation through 2025. The Agreements incentivize sustainable land management at scale and help to connect countries with other sources of climate financing. Emission reductions programs create new opportunities to conserve and regenerate forest landscapes and biodiversity. The total portfolio of programs is expected to result in 160 million tons of emission reductions which is the equivalent of taking 34.5 million cars off the road for a year.

 

  • With Canada, the World Bank announces the launch of the Canada-World Bank Clean Energy and Forests Climate Facility to help accelerate the clean energy transition in Asia and small island developing states as well as boost support for forests and sustainable land use. CAD$400 million in loans will co-finance climate action in World Bank projects, and an additional CAD$10 million in grant contributions will help mainstream gender considerations into renewable energy investments in small island developing states.

 

  • The $8.3 billion Climate Investment Funds, a premier source of global climate finance whose secretariat is housed within the World Bank, has set a $5 billion fundraising target for new investment programs in key impact areas. This will include an Industry Program to incentivize targeted industries to accelerate their decarbonization with SEK 300 million recently announced by the Swedish government. It will also include a COVID-19 Technical Assistance Response Initiative, funded by three European governments, to support the development of a robust enabling environment that will ensure a green recovery coming out of the pandemic.

 

Find out more...

 

Go back

Partners News

New release: WWF Human Wildlife Conflict Report

The human-wildlife conflict report: “A future for all: the need for human-wildlife coexistence” was published on July 8, detailing the complex nature of human-wildlife conflict, its impacts and how to address them so that people and animals can coexist peacefully. This pack raises awareness of the report, its significance and encourages people to raise greater awareness on the issue.

Green Climate Fund Board approves USD 500 million for new climate action, strengthens its Results Management Framework

The Green Climate Fund (GCF) Board at its twenty-ninth meeting, has allocated USD 500 million in GCF resources for new climate projects, and taken significant steps to strengthen results management for its growing portfolio. During the meeting, four (04) new climate projects were approved and will mobilise a total sum of USD 2,949 million for climate action in Africa, Asia, and Latin America, with three of the four new projects targeting support to the most vulnerable countries including Least Developed Countries, Small Island Developing States, and African states.

NATO Adopts Climate Change Actions for 2030 - SDG.IISD

The Heads of State and Government of the 30 members of the North Atlantic Treaty Organization (NATO) have adopted NATO 2030, “a transatlantic agenda for the future,” as well as a Climate Change and Security Action Plan. The Action Plan provides a framework to deliver on the Climate Change and Security Agenda endorsed by NATO Foreign Ministers on 23-24 March 2021. The NATO Deputy Secretary-General said the decisions make the fight against climate change an important task for NATO for the first time.

Progress Reported in Transparency Talks Ahead of COP 26 – SDG.IISD

The UNFCCC’s Subsidiary Body for Implementation (SBI) and the Subsidiary Body for Scientific and Technological Advice (SBSTA) met online for three weeks in June 2021. The two subsidiary bodies held plenaries as well as mandated and Presidency-led events. Delegates also convened informal consultations on a range of issues in the lead up to the Glasgow Climate Change Conference (UNFCCC COP 26), which is scheduled to take place in November 2021.

Political Leadership Is Needed for Success at COP26 – Ovais Sarmad – UNFCCC

UN Climate Change News, 25 June 2021 –  The progress made at the May-June UN Climate Change Conference leaves the international community “well positioned to achieve success” at the crucial UN Climate Change Conference COP26 in Glasgow in November, according to UN Climate Change Deputy Executive Secretary, Ovais Sarmad.

Practical guide to tree plantations in the dense humid forests of Africa

This is the subject of a new book published by the Faculty of Gembloux Agro-Bio Tech of the University of Liege, Nature+ and their collaborators. This book focuses on the species of dense rainforests, capitalizing on the results of past or recent trials in six African countries, and mobilizing the skills and knowledge of thirteen specialists.

Germany - COMIFAC Cooperation: German Ambassador to Congo, alongside parliamentarians, women and youth, for a sustainable management of Central African forest ecosystems

Brazzaville, the capital of the Republic of Congo, hosted a series of three workshops from 14 to 25 June 2021 at the Hotel PEFACO Maya Maya. The first workshop focused on the planning and consultation of the Network of Young Leaders for the Sustainable Management of Central African Forest Ecosystems (REJEFAC), the second on the Network of Parliamentarians for the Sustainable Management of Central African Forest Ecosystems (REPAR) and the third on the African Women's Network for Sustainable Development (REFADD).

Central African Republic is now one of the seven countries to get more targeted support from LDCF

The Least Developed Countries Fund, the only dedicated source of climate adaptation support for the world’s smallest and most vulnerable economies, will provide more than $60 million to address urgent needs in Bhutan, Central African Republic, Eritrea, Kiribati, Lesotho, Somalia, and Timor-Leste under its latest work program.

Tax and non-tax incentives for sustainable forest management: An opportunity for the Congo Basin countries

The report on Tax and non-tax incentives for sustainable forest management presents an analytical overview of potential incentives for sustainable management of tropical forests as well as possible deterrents. The aim is to help ITTO producer member countries develop incentives that are equally effective and fruitful in promoting the sustainable development of their forests.

Vallée du Ntem

Cameroon - Decision: Prime Minister repeals decree expropriating 66,340 hectares of forest in the Ntem Valley (South Region) - Cameroon-info

Joseph Dion Ngute's decision was signed on May 5, 2021. This is the culmination of a case that captivated the nation’s attention in August 2020. In a decree signed on May 5, 2021, Prime Minister Joseph Dion Ngute repealed another decree, dating back from 2016, signed at the time by his predecessor, Philemon Yang, expropriating 66,340 hectares of land in the Ntem Valley, South Region.

ECOFAC6 Regional Programme conducts mid-term review to mark World Biodiversity Day

During the official opening of the ECOFAC6 Regional Programme’s Steering Committee, (organized in Douala, Cameroon from 4 to 6 May) EU Ambassador, Ms. Rosario Bento-Pais, recalled that the EU invests more than 80 million Euros in the ECOFAC6 Programme. The other 17 million are invested by the partners. Amounting to approximately 100 million Euros, the investment makes ECOFAC6 the largest European environmental programme in Central Africa and a one-of-the-kind initiative in the world.

Gabon - CBFP - The Prime Minister of Gabon receives in audience the Facilitator of the Federal Republic of Germany, Honorable Dr Christian Ruck : The Sustainable Management of Congo Basin Forest Ecosystems in the Spotlight

CBFP Facilitator of the Federal Republic of Germany, Honorable Dr. Christian Ruck, undertook a mission in Gabon from the 9th to the 14th of May 2021. Dr Christian Ruck met in turn with: the Prime Minister; the Minister Delegate for Water, Forests, the Sea and the Environment; the Minister of Agriculture, Livestock, Fisheries and Food; the Vice-President of the ECCAS Commission; the Commissioner for the Environment, Natural Resources, Agriculture and Rural Development; the National Climate Council...

Second mission of the CBFP Facilitator of the Federal Republic of Germany, Honorable Dr. Christian Ruck to Cameroon: Strengthening cooperation Building cooperation

The dynamics of the CBFP in Cameroon, how to enhance the conservation and sustainable management of the forests of the Congo Basin while preserving their vital role for the regional and global climate were at the heart of the political (MINFOF, MINFI, MINEPAT, parliamentarians) and technical discussions.

Special meeting of CBFP private sector college with CBFP Facilitator of the Federal Republic of Germany, Honourable Dr Christian Ruck

Video Conference - May 20, 2021. The CBFP private sector college held a special meeting. Moderated by the Co-Leader of the CBFP private sector college, Ms. Jacqueline Van de Pol (ATIBT), the meeting gathered close to twenty participants.

Dr. Christian Ruck, CBFP Facilitator of the Federal Republic of Germany

CBFP Facilitation Mandate of the Federal Republic of German extended till end of 2022 and Facilitator meets with private sector in Libreville

As the CBFP announced on its website, it will be managed until 2022 by the Facilitation team of the Federal Republic of Germany with Honourable Dr Christian Ruck serving as Facilitator, assisted by the Co-Facilitator, Minister Raymond Mbitikon of the Central African Republic. The Facilitation’s mandate was originally scheduled to end in 2021.

Repar family photo - PFBC

CBFP Facilitator from the Federal Republic of Germany, Honourable Dr Christian Ruck in talks with REPAR parliamentarians

Thursday, 06 May 2021: Starting from 11:45 am, a luncheon was held in the Safoutier Hall of the Hilton Hotel between the Congo Basin Forest Partnership (CBFP) Facilitator of the Federal Republic of Germany and the Cameroonian Delegation of the Network of Parliamentarians for Sustainable Management of Forest Ecosystems in Central Africa (REPAR-Cameroon).

Making Voluntary Partnership Agreements (VPAs) work for forests, people and the climate: Civil society recommendations on the future of VPAs

The briefing reflects on progress after a decade of implementation including looking at multi stakeholder participation, increased transparency and reduced illegal deforestation. It suggests concrete ways to address challenges and step up current efforts including increased enforcement of just laws, enhanced policy coherence, and inclusive decision making. If the proposed changes are taken on board, VPAs will continue to effectively contribute to governance improvements, forest protection and sustainable local livelihoods.

The ADEFAC activities will start in DRC! - ATIBT

The first training activity of the ADEFAC project will start in August in the Democratic Republic of Congo. Last week, from Sunday 30 May until Friday 4 June, the main technical assistant, Jacqueline LARDIT, and the project manager, Elise MAZEYRAC, of the projet to Support the development of continuous education for the forest and wood sector in Central Africa (ADEFAC) were on mission in Kinshasa, where the were received by the Wood industrials federation (FIB).

Launch of the UN Decade on Ecosystem Restoration: Central Africa commits to the restoration of...

Central African countries' commitments to landscape restoration have the potential to deliver about three times more the climate benefits of all GCF allocations to date… These Central African commitments represent 24% of global commitments and 28% of African countries' commitments under the Bonn challenges...

Re-imagine, Recreate, Restore! UN Decade on Ecosystem Restoration kicks off -FAO

4 June 2021, Nairobi/Rome - Leaders in global politics, science, communities, religion and culture joined hands today to officially kick off the UN Decade on Ecosystem Restoration - a rallying call for the protection and revival of millions of hectares of ecosystems all around the world for the benefit of people and nature.

Federal Environment Ministry supports new UN Decade on Ecosystem Restoration – BMU

Today's World Environment Day sees the start of the UN Decade on Ecosystem Restoration, as declared by the United Nations General Assembly for the period 2021 to 2030. It follows the UN Decade on Biodiversity which came to an end in 2020. The goal in the coming decade is to halt the ongoing degradation of ecosystems and begin their restoration. Federal Environment Minister Svenja Schulze will give a video message at a high-level virtual event organised by Pakistan, host of this year's World Environment Day, to mark the launch of the new UN Decade