Nepal could seek up to $20 million from loss-and-damage fund
A provisional $21.6 million set-aside includes $1.6 million for oversight. Nepal must submit a request and win Board approval before support can be provided.
Climate Finance
-
-
43 Mediterranean Countries Begin Work on the Region’s First Climate Action Plan
The Union for the Mediterranean launched development of a regional climate action plan on July 1, focused on adaptation, resilience, finance and natural-resource management.
-
D.C. Circuit says Trump administration improperly terminated multibillion-dollar climate fund
A divided federal appeals court ruled that the Trump administration acted improperly when it terminated a Biden-era program intended to finance clean-energy projects.
-
UK Names Ed Miliband as Its World Bank Governor
Britain will put Foreign Secretary Ed Miliband in its World Bank governor role, elevating development and climate finance in foreign-policy decisions.
-
Ethiopia Secures Financing for Planned 300-MW Wind Project
A $110 million African Development Bank package advances Ethiopia’s planned Aysha wind farm, but financial close, construction and grid connection remain ahead.