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World Bank climate change envoy Rachel Kyte on new mission

2014-01-26 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Financial Times: On a wintry morning in Washington DC (the area is awaiting a fresh blast of Arctic air and a 40F plunge in temperatures) Rachel Kyte, World Bank Group vice-president and special envoy for climate change, answers the door to her clapboard house located just outside the city limits. Kyte is enjoying some time at home but is preparing for another gruelling trip across the globe, culminating in back-to-back meetings in Davos. This month she took up her new vice-president post after World Bank president...

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Global economy recovering: World Bank

2014-01-15 17:03:00| Canadian Plastics Headlines

The global economy is slowly picking up steam, led by advanced economies appearing to turn the corner after five years of financial crises and recession and a continued good performance by China, according to a new report by the World Bank.

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VIDEO: World Bank: 'Worst is past us'

2014-01-15 12:20:56| BBC News | Business | UK Edition

The World Banks says the global economy is at a "turning point", as growth appears to be strengthening in both wealthy and developing countries.

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Pakistan secures $3.8 million World Bank fund to combat climate change

2013-12-21 23:49:00| Climate Ark Climate Change & Global Warming Newsfeed

Business Recorder: Pakistan has won dollars 3.8 million Readiness Fund of Forest Carbon Partnership Facility (FCPF) to combat climate change and tropical deforestation after a tough competition at Geneva, Switzerland. The FCPF is the World Bank administered facility that is set up to compensate developing countries for reductions in carbon dioxide emissions achieved by preserving their forests. A total of eight new countries including Pakistan have been selected for the FCPF fund after Norway pledged dollars 100...

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Forests preservation: Pakistan upbeat about World Bank funding

2013-12-15 20:50:00| Climate Ark Climate Change & Global Warming Newsfeed

Business Recorder: As Pakistan pleads its case at Geneva for Reducing Emissions from Deforestation and Forest Degradation in Developing Countries (REDD) funds, forest owners, government officials and experts on environment appeared hopeful to preserve forests. The REDD is about getting dollars for the carbon saved in forests by not cutting trees. The tons of carbon emitted from forests and agriculture in Pakistan is massive and for each ton saved the country can get an amount which may be $4-12 billion per annum. ...

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