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World Bank: Climate change cost Philippines $18.6 B
2014-05-24 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Philippine Star: Economic damage and other losses amounted to at least $18.6 billion or P799 billion, while around 10,000 people who were killed due to Typhoons Yolanda, Ondoy, Pepeng and Sendong, according to the World Bank (WB). Climate change is one of the greatest threats to economic growth, not to mentions lives, Rachel Kyte, WB vice president, said in a press briefing yesterday. Kyte represented the WB at the recently concluded World Economic Forum (WEF), which was attended by representatives of various...
World Bank approves funding for Turkey's renewable energy integration project
2014-05-13 01:00:00| Power Technology
The World Bank has approved $300m (217m) funding from the International Bank for Reconstruction and Development (IBRD) and $50m (36.2m) from the Clean Technology Fund (CTF) for Turkeys renewable energy integration project.
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World Bank grants 72.3m for Jiji-Mulembwe hydropower project in Burundi
2014-04-25 01:00:00| Power Technology
The World Bank has approved a $100m (72.3m) grant for the Republic of Burundi to construct two hydropower projects on Jiji and Mulembwe rivers.
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IMF, World Bank push for price on carbon
2014-04-12 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Agence France-Presse: The IMF and World Bank on Friday urged finance ministers to impose a price on carbon, warning that time was running out for the planet to avoid worst-case climate change. The heads of the two global economic institutions convened ministers from 46 countries -- including the United States, China, India and European powers -- on the sidelines of spring meetings in Washington to press the case for urgent climate action. UN Secretary-General Ban Ki-moon, joining the talks, said that 2014 was a "critical...
IMF, World Bank leaders engage finance ministers to tackle climate change
2014-04-11 14:49:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: The leaders of the International Monetary Fund, World Bank and United Nations on Friday called upon finance ministers to use fiscal policies, such as carbon taxes, to combat climate change. IMF Managing Director Christine Lagarde and World Bank President Jim Yong Kim were joined by U.N. Secretary General Ban Ki-Moon at their 2014 spring meetings to address a group of 46 finance ministers and senior officials on policies to reduce greenhouse gas emissions. Lagarde said their goal was to explain...
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