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World Bank Launches New Fund to Support ‘Climate-Smart’ Mining for Low Carbon Tech
The World Bank has launched what is claimed to be the first ever fund dedicated to making mining for the low carbon energy transition “climate-smart” and sustainable.The Climate-Smart Mining Facility, targeting a...
World Bank Doubles Climate Investment to $200bn
The World Bank Group has doubled its current five-year investment to around $200 billion (£157bn) to support countries taking action to fight climate change.It is part of its plans to boost support for climate adaptation,...
Google, World Bank and EU Among Key Players Pledging Climate Action at One Planet Summit
Political and business leaders met in New York Wednesday to reaffirm their commitment to fighting climate change at the second annual One Planet SummitThe summit was hosted as part of Climate Week NYC by French President Emmanuel Macron,...
World Bank Launches Bond Series to Raise Awareness About Water and Ocean Resources
The World Bank launched the first in a series of bonds designed to raise awareness about the importance of ocean and water resources, the organization announced last Thursday.The series was announced in...
Paris: World Bank Will No Longer Finance Oil and Gas Projects Starting from 2019
In a move meant to aid countries reach greenhouse gas-curbing targets set by the 2015 Paris Agreement to limit global warming, the World Bank has announced that it will stop financing oil...
Reports: World Bank Warns of Environmental Risk from Clean Energy Transition
Growing demand for metals and minerals used in clean technologies could present new environmental challenges for the planet unless decarbonisation efforts are effectively managed, the World Bank has warned.
In order to meet...
World Bank Commits $54.4 Million To Reliable Electricity & Renewables In Mongolia
The World Bank announced last week that it would contribute $54.4 million in financing to help the Mongolian government address important electricity reliability issues while also supporting the development of the country’s...
World Bank Mandates 500 MW of New Solar Capacity for Zambia
Southern African nation Zambia has this week received the greenlight from the World Bank to receive funding and support for the development of 500 MW of new solar PV capacity.
Having last year...
World Bank Scores Sustainable Energy Policies in 111 Countries
An increasing number of developing countries – Mexico, China, Turkey, India, Vietnam, Brazil, and South Africa – are emerging as leaders in sustainable energy, with robust policies to support energy access, renewables...
China to Take Leadership Position on Energy Storage in East Asia-Pacific Region, World Bank Says
China likely will become the largest energy storage market in the East Asia & Pacific region, with a potential to install about 9 GW of utility-scale and behind-the-meter systems in 2025, according...
Taxi GPS Data Could Unsnarl Traffic in Developing Regions, World Bank Says
In most cities, some portion of that traffic has typically been made up of taxis and, more recently, cars linked to ride-sharing services like Uber and Lyft. But could these cars help...
Sweden, World Bank Support Better Solid Waste Management in Bosnia and Herzegovina
The World Bank has received a contribution of US$2.0 million from the Swedish International Development Agency (Sida) to provide Technical Assistance (TA) for improved solid waste management practices in Bosnia and Herzegovina.
Technical...
Lao PDR to Strengthen and Climate-Proof Rural Roads with World Bank Support
The World Bank’s Board of Executive Directors approved today a US $25 million credit from the International Development Association (IDA) to help Lao PDR strengthen its road maintenance systems and improve road...
World Bank Steps Up Climate Funding in Arab World
The World Bank Group announced few days ago a new plan to ramp up support for countries in the Middle East and North Africa (MENA) region to confront the multiple threats of...
World Bank Approves $1.8 Million Grant to Boost Chilean Geothermal Market
The World Bank Board has approved a US$1.8 million Clean Technology Fund grant to strengthen the Chilean Ministry of Energy’s capacity to further develop the country’s geothermal sector and improve its energy...
World Bank Ups Its 2017 Oil Price Forecast To $55
The World Bank has just upped its oil price forecast for 2017, saying it now expects average prices to be US$55 a barrel over the next year. That’s US$2 more than its...
