In the News | Nov 21 2017

The Government of India and the World Bank today signed a US$98 million Loan Agreement and US$2 million Grant Agreement to help India increase its power generation capacity through cleaner, renewable energy sources. Read More

Photo Credit: World Bank


In the News | Nov 17 2017

The KaXu Solar One concentrated solar power project, in the Northern Cape, was on presented with a Momentum of Change award at COP23, this year’s UN Climate Change Conference, in Bonn, Germany. Read More


Strengthening Resilience: Promise in a Time of Climate Change
Feature Story | Nov 14 2017

BATTAMBANG, Cambodia –During an afternoon of sun between the rains in the village of Tuol Ta Aek, a group of children play outside. Nearby, the water line is evident on the villagers’ homes and fences where the floods reached a year ago. Read More

In the News | Nov 07 2017

In 2008, as the urgency of global support for climate-smart development became increasingly apparent, donor and recipient countries established the Climate Investment Funds (CIF) through the multilateral development banks as a transitory financial mechanism to help provide an interim climate source of funding, pending the effectiveness of a new multilateral climate finance facility developed under the guidance of the United Nations Framework Convention on Climate Change (UNFCCC).

In the News | Nov 03 2017

The Dedicated Grant Mechanism (DGM) of the Forest Investment Program (FIP) is designed to enhance the capacity and support the priorities of indigenous peoples and local communities to strengthen their participation in the FIP and other initiatives related to the reduction of emissions from deforestation and forest degradation (REDD+).

 A solar plant with wind turbines in the background in El Bonillo, Spain. Photograph: Pablo Blazquez Dominguez/Getty Images
In the News | Nov 02 2017

Global investment could hold the key to fighting climate change, with one trillion dollars already invested in solutions such as renewables and energy efficiency, says International Finance Corporation - Read the Full Story

Press Release | Nov 01 2017

World Bank Board of Executive Directors approves two grants totaling US$35 million for the Renewable Energy for All project, financed by a $19.62 million grant from the Scaling-up Renewable Energy Program (SREP); and the Modern Energy Services for All project, financed by a $15.65 million grant from the Clean Technology Fund (CTF). 
Read the Press Release

In the News | Oct 25 2017

South Africa's KaXu Solar One project is the first large-scale concentrated solar power plant with storage developed by the private sector operating in an emerging market. The project is also a  first for  the town of Pofadder in the Northern Cape Province, where the plant started operating in early 2015, moving South Africa towards a clean energy future that also has the potential to bring economic development, including the creation of 4,500 temporary and 80 permanent jobs.

Photo: Economist
In the News | Oct 23 2017

Environmentalists allege their lending has been less green than claimed.

In the News | Oct 17 2017

Higher Ambition Key to Success in Building Resilience, ‘Bending Emissions Curve’ by 2020, Deputy Secretary-General Tells Climate Change Forum