Response Measures

Prime Minister Frank Bainimarama of Fiji addresses the 71st United Nations General Assembly in Manhattan, New York, U.S. September 20, 2016. REUTERS/Carlo Allegri

Fiji to Sell World’s First Climate-change ‘Green’ Bonds

Fiji will issue a $50 million “green” bond in coming weeks to help combat the effects of global climate change, the first developing country to do so.

Photo Credit: Curt Carnemark / World Bank

Latest World Bank USD Global Bond Offers Opportunity to Support Global Development Priorities

The World Bank (International Bank for Reconstruction and Development, IBRD) priced a USD-denominated global benchmark bond that raised USD 3 billion from investors in the Americas, Asia, Europe, Middle East and Africa. Proceeds of the bond will support the financing of World Bank’s development activities around the world.

Photo: Dana Smillie / World Bank

EBRD and Green Climate Fund Join Forces to Support Major Renewable Energy Project in Egypt

The European Bank for Reconstruction and Development and the Green Climate Fund are joining forces to support a major renewable energy project in Egypt. The funding supports the Egyptian Government’s Sustainable Energy Strategy, which aims to source 20 percent of Egypt’s energy from low emission renewable sources by 2022.

Renewable Energy a Step Closer for Solomon Islands as World Bank Group Approves Support to Tina River Hydro

Renewable Energy a Step Closer for Solomon Islands as World Bank Group Approves Support to Tina River Hydro

The World Bank approved US$33.6 million in funding for the Tina River Hydropower project in the Solomon Islands. With electricity costs in the Solomon Islands being among the highest in the world, the project aims to reduce this cost and end the country’s near-total reliance on diesel fuel for power.

Photo Credit: Scott Wallace / World Bank

Pathways to a Low Emission, Sustainable Urban Africa

A Regional Technical Expert Meeting on Mitigation was held in June at the African Carbon Forum. The meeting set out a number of key pathways to transform African cities towards a low emission and sustainable urban future. The expert meetings are a part of the technical examination process under the UN […]

ILO and UNFCCC Agreement to Promote Just Transition and Decent Work in the Context of Climate Change

ILO and UNFCCC Agreement to Promote Just Transition and Decent Work in the Context of Climate Change

An agreement to promote decent work and a ‘just transition’ of the workforce towards sustainable economies and societies for all has been signed by the UN Framework Convention on Climate Change (UNFCCC) and the International Labour Organization (ILO). The partnership promotes the integration of decent work and a just transition […]