Sentences with phrase «multilateral development banks»

The major multilateral development banks financed over $ 4.5 billion in projects that include exploration activities between 2008 and 2013, with the International Finance Corporation alone supporting $ 2.3 billion.

On average, public finance institutions controlled by G20 governments, along with multilateral development banks such as the World Bank Group, provide $ 71.8 billion per year in public finance for fossil fuels, and only $ 18.7 billion in public finance for clean energy (figure taken from from the report Talk is Cheap: How G20 Governments are Financing Climate Disaster, July 2017, available here).

Alignment should not be pursued with the Common Principles for Climate Mitigation Finance Tracking, adopted by multilateral development banks and the International Development Finance Club.

Mr Feldberg has also worked for multilateral development banks such as the EBRD, advising on their internal investigations and governance processes.

The US is aware of this potential, and has instructed its delegates at multilateral development banks (MDBs) to promote access to and cleaner, more efficient fossil fuel usage in the world in a bid to reverse World Bank restrictions.

In 2015, despite increasing awareness and stated concern over climate change, 22 % of multilateral development bank energy financing still went to fossil fuels.

On top of this, multilateral development banks such as the World Bank provided $ 8.7 billion annually in fossil fuel finance over this same period.

The major multilateral development banks financed almost $ 4.5 billion in projects that include exploration activities between 2008 and 2013, with the International Finance Corporation alone supporting $ 2.3 billion.

Notably, of the fossil fuel - based projects across the four multilateral development bank energy portfolios, only one percent (by dollar amount) included provisions aimed at increasing access for the poor.

Benjamin has also successfully defended numerous clients in multilateral development bank (MDB) sanctions proceedings such as where corruption, fraud or other misconduct in MDB - financed projects is suspected.

More specifically it focuses on the efforts the WBG is making to work in partnership with the private sector to leverage its resources, since the WBG, despite being one of the largest multilateral development bank lenders for energy, can meet only a small part of the investment needed.

FIP grants and low - interest loans, channeled through partner multilateral development banks (MDBs), are empowering countries to address the drivers of deforestation and forest degradation both inside and outside of the forest sector to achieve the triple win of being good for forests, good for development and good for the climate.

That is why a recent shift in the United States» policy towards financing cleaner coal technology through multilateral development banks is welcome.

Laurel will discuss how the new multilateral development bank aims to create a better tomorrow for billions of people by investing in sustainable infrastructure in Asia and beyond.

A new report shows how multilateral development banks, including the World Bank, gave over $ 9 billion in funding for fossil fuel projects in 2016, nearly all of it following the Paris Agreement being reached and despite claims that they were acting on climate and adjusting their investment strategies.

The event attracted 70 participants, including Latin American ministers and secretaries of education, researchers from Harvard and Stanford Universities, and key partners from multilateral development banks and nongovernment organizations.

bonds issued by recognised agencies, regional and local governments, international organisations and multilateral development banks located in the euro area

Other signatories to the new Common Principles include the Asian Development Bank, which is the first multilateral development bank accredited as an implementing entity of the GCF, and Germany's KfW Bankengruppe, also just accredited.

Accompanying the briefing, more than 190 civil society groups from over 55 countries have signed a letter urging multilateral development banks (such as the World Bank Group), export credit agencies and the governments backing them to stop funding fossil fuels by 2020, with an urgent and immediate need to move away from financing for oil and gas exploration projects, coal mining, and coal - fired power plants.»

The international community, in particular multilateral development banks like ADB, can play a greater role in ensuring that their support to developing countries not only includes general capacity development, but also focuses on identifying and addressing legal barriers to climate finance.

A new analysis finds that six major multilateral development banks provided over $ 7 billion in public financing for fossil fuels in 2015, and over $ 83 billion in financing for fossil fuels from 2008 to 2015, despite public claims of the urgent need for action on climate.

Both briefings are part of the Big Shift Campaign, a global effort composed of dozens of civil society organizations encouraging government - backed multilateral development banks to reinforce the aims of the Paris Agreement and commit to a shift from fossil fuel finance to clean energy finance.

Many multilateral development banks (MDBs) and a few governments have already taken steps to implement similar policies.

Schwartzman worked closely with Brazilian environmental and indigenous peoples» organizations and community groups to change or halt the most destructive multilateral development bank's (MDB's) projects and to advance locally supported sustainable alternatives.

· More generally, multilateral development banks still fund dirty projects (fossile fuel related) with 4 times more money than green projects.

Today, the Sierra Club and Oil Change International released a new report highlighting the failure of the world's top multilateral development banks (MDBs) to align their energy lending with the International Energy Agency's (IEA) projections for ending energy poverty.

Jan has experience designing and auditing compliance programs, performing internal investigations and due diligence reviews on third - party agents and joint - venture partners around the world, including in connection with the U.S. Department of Justice (DoJ), the U.S. Securities & Exchange Commission (SEC), the U.K. Serious Fraud Office (SFO), and multilateral development bank inquiries.

Finance provided and catalyzed by multilateral development banks (MDBs) will help pay for implementation of the UN Sustainable Development Goals and the Paris Climate Agreement in many developing countries.

A new briefing shows that about one - quarter of multilateral development banks» energy investments between fiscal years 2014 and 2016 flowed to fossil fuel infrastructure, directly at odds with efforts to fight climate change.

«Our work at the outset was primarily with multilateral development banks, and we're increasingly seeing more activity through European corporate issuance and American municipalities,» says Navindu Katugampola, Executive Director in the Sovereign, Supranational & Agency Group.

Led by the Asian Development Bank, and nudged by the Institute for Transportation and Development Policy and other groups, the eight largest multilateral development banks have committed to lending $ 175 billion over the next 10 years for transportation projects that cut urban congestion and limit pollution and energy waste.

Before issuing its own green bond, Morgan Stanley has been a pioneer in the growth of the market, underwriting green bonds globally for multilateral development banks, corporates, agencies and municipalities.

But a November report by the UN Secretary - General's advisory group on climate change urged for the inclusion of major multilateral development banks, like the World Bank, into the negotiating process.

Scott Morris, a former U.S. Treasury official who led U.S. engagement with the multilateral development banks during the first Obama administration, said Washington was paying the price for delay on IMF reform.

To illustrate, look at the multilateral development banks: Beijing has not only joined but supports with financial muscle all of the prevailing development institutions, both globally and in Asia.

«It's a clear sentiment among a pretty diverse group of countries: We would like to mobilize more capital for infrastructure through MDBs (multilateral development banks),» said Morris, now with the Washington - based Center for Global Development.

AIIB stands for China's proposed Asian Infrastructure Investment Bank, a multilateral development bank that will...

Others noted the emphasis in the communique on mobilising substantial financial resources from the private sector and multilateral development banks, suggesting this was an attempt to shift the burden from cash - strapped finance ministries.

We call on the multilateral development banks and other development agencies to support countries in this endeavor.

We note the significant progress made by the multilateral development banks on the Clean Energy Investment Framework (CEIF) agreed at Gleneagles and welcome their joint level of ambition to mobilize public and private investments of over US$ 100 billion up to 2010 from within existing resources.

On March 31 in Paris, multilateral development banks and the International Development Finance Club — among the world's chief financiers of public and private sector initiatives — gave themselves a pat on the back for agreeing to «climate change mitigation finance tracking principles for development finance».

Forest Trends is a Washington D.C. - based international non-profit organization that was created in 1999 by leaders from conservation organizations, forest products firms, research groups, multilateral development banks, private investment funds and philanthropic foundations.