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World Bank Bond Project Incentivizes Low-carbon Business Practices
December 14, 2017
The World Bank has completed the second repayment of bonds under its Pilot Auction Facility, a program designed to “promote private sector investment in climate action” through an incentivized bond regime.
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Development Financiers Commit to Climate-friendly Financing
December 14, 2017
Members of the International Development Finance Club and the Multilateral Development Banks have issued a joint statement promising to increase the proportion of investment directed to “low-carbon and climate resilient sustainable development,” as well as to fight for related policy adaptation by national and subnational governments.
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OECD Seeks National Budgetary Alignment with Climate Accord
December 14, 2017
The Organisation for Economic Co-operation and Development (OECD) has announced a new initiative—the “Paris Collaborative on Green Budgeting”—that will seek to drive national governments into aligning their respective budgets with the 2015 Paris agreement on climate change.
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Solar Alliance Becomes International Organization
December 14, 2017
The International Solar Alliance, a group composed of 121 countries, achieved official status as an international organization after its initial promotion at the 2015 UN Climate Change Conference in Paris, with the goal of spreading the use of solar energy in developing nations to fight climate change and address energy needs.
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UNESCO Offers Guidelines on SDG Education Reporting
December 14, 2017
Highlighting the focus of the UN Educational, Scientific and Cultural Organization (UNESCO) on gathering education data for global policymaking, UNESCO's Institute for Statistics has released a report guiding member states on more effective methods of collecting and utilizing data to implement the Sustainable Development Goal (SDG) on education.