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World Bank to buy $63 mln in Costa Rican forest carbon credits
2013-09-13 12:43:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: The World Bank's Carbon Fund signed a deal on Tuesday with the government of Costa Rica to buy up to $63 million worth of forest-based carbon credits, the bank said. The agreement will allow the Central American country to expand a local program that pays landowners for conserving forests to an additional area of 340,000 hectares. The final price for each credit will depend on negotiations that will be carried by the World Bank's Forest Carbon Partnership Facility (FCPF) with Costa Rica's officials,...
World Bank arbitration court says Venezuela failed to compensate Conoco for seized assets
2013-09-04 22:28:27| Energy - Topix.net
Venezuela failed to fairly compensate ConocoPhillips for its seizure of three crude oil projects in 2007, according to a ruling from a World Bank arbitration panel.
World Bank to focus on reducing short-lived climate pollutants; transport projects
2013-09-04 13:30:27| Green Car Congress
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World Bank targets air pollution in climate battle
2013-09-03 10:01:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: The World Bank said on Tuesday it was planning "aggressive action" to help developing nations cut emissions of soot and other air pollutants blamed for causing climate change, in a shift also meant to protect human health and aid crop growth. Of its funding to poor nations, almost 8 percent - $18 billion from 2007-12 - goes to sectors such as energy, farming, waste and transport that have a potential to cut emissions, a bank report said. The bank said it would shift policy to insist that such...
World Bank pilots climate insurance
2013-09-03 10:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Islands Business: The World Banks leading official for the Asia-Pacific region has highlighted the Banks support for action on climate change, insurance and disaster risk management, as Pacific leaders meet this week in the Marshall Islands. Axel van Trotsenburg is the new World Bank Regional Vice President for East Asia and Pacific, taking up his position last February. Van Trotsenburg is in Majuro this week as an observer at the Pacific Islands Forum in the Marshall Islands. Working with the Secretariat of the...
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