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Tag Archives: World Bank

US legislator cautions World Bank on role in water privatisation

MJS Gwen Moore _OFFICIAL MUG

A United States lawmaker, Gwen Moore, has written the president of the World Bank Group (WBG), raising concerns about the international finance organisation’s role in the water sector. The House of Representatives legislator, in the correspondence, called on the Bank to stop funding and promoting water privatisation pending an independent review and congressional hearings on conflicts of interest created by ...

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World Bank, GEF launch ‘Global Platform for Sustainable Cities’

Naoko Ishii

Under the GPSC, the international community is investing over a billion dollar in the sustainable cities of the future City leaders from around the world who met on Wednesday in Singapore, the island city-state off southern Malaysia, have launched the Global Platform for Sustainable Cities (GPSC), which is part of an initiative funded by the Global Environment Facility (GEF). The GPSC ...

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World Bank plans $20 million carbon credit auction

GHG emission

The World Bank will hold a $20 million auction for carbon credits from projects designed to cut methane emissions, offering up to 10 times the current market value, the bank has said. The auction, to be held on May 12 2016, comes at a time when investment in carbon-cutting projects under U.N. programmes has slowed as countries debate the design ...

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Fresh World Bank funding for water in Africa, India

Laura Tuck

The World Bank Group has announced a significant boost in funding for water programmes Kenya, the Niger River Basin, Morocco and India to help tackle inherent challenges. The move came as World Bank Group Vice President for Sustainable Development, Laura Tuck, warned that, in just 35 years, 40 percent of the global population will be living in water scarce countries. That’s compared ...

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World Bank, four European nations in fresh $500m climate initiative

Jim Yong Kim, World Bank [resident

Germany, Norway, Sweden, and Switzerland on Monday, November 30, 2015 in Paris, France announced a new $500 million initiative that will find new ways to create incentives aimed at large scale cuts in greenhouse gas emissions in developing countries to combat climate change. The World Bank Group worked with the countries to develop the initiative. The Transformative Carbon Asset Facility ...

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World Bank climate report elicits shockwaves

Mafalda_Duarte

Applause has greeted the World Bank report, “Shock Waves: Managing the Impacts of Climate Change on Poverty”, released on Sunday, November 8 2015. The report shows that climate change is an acute threat to poorer people across the world, with the power to push more than 100 million people back into poverty over the next 15 years.  And the poorest ...

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World Bank’s gas flare-out initiative criticised

Gas flaring in Ogoniland Nigeria

The Environmental Rights Action/Friends of the Earth Nigeria (ERA/FoEN) has urged the Federal Government to be wary of a World Bank initiative to stop gas flaring by the year 2030, insisting that the scheme, if endorsed by the government, will legitimise continued flaring by Shell and other oil corporations operating in the Niger Delta. Media reports last week indicated that ...

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FADAMA III scheme uplifts farmers in Niger State

FADAMA-Project

The FADAMA III Additional Financing, a collaborative project of the World Bank and the Federal and State Governments, has been of immense benefits to farmers in Niger State. This was disclosed by the Niger State Coordinator of the FADAMA III AF, Aliyu Usman Kutugi, who is an engineer. Kutugi said the project has “greatly enhanced the capacities of farmers, increased ...

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Nigeria adopts carbon pricing to curb global emission

Participants at the Dialogue

The adoption of Carbon Pricing as a key strategy to reducing global carbon emission received a major endorsement recently in Lagos, where stakeholders gathered at a daylong forum to explore inherent modalities. The Breakfast Dialogue on Climate Change, Carbon Pricing and Renewable Energy held on Tuesday, July 18, 2015 at the instance of the Carbon Exchange Trade, SMEFUNDS, Nigeria-German Business ...

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Zambia secures $129 million loans for water, power

Zambia 2

Zambia has contracted a loan of $15 million from the African Development Bank (AfDB) for implementation of a water supply and sanitation project in 16 districts of the Western Province. Chief government spokesperson Chishimba Kambwili says government has prioritised the region in accordance with its pro-poor policies. “The project will contribute to poverty alleviation and improve the health of Zambia’s ...

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