26 September 2008: Leading industrialized nations met at the World Bank, and pledged more than US$6.1 billion to the recently created World Bank Climate Investment Funds (CIF).
David McCormick, Undersecretary for International Affairs, US Treasury, announced his country’s contribution of US$2 billion over three years.
Andrew Steer, UK Director General of the Department for International […]
26 September 2008: Leading industrialized nations met at the
World Bank, and pledged more than US$6.1 billion to the recently created World
Bank Climate Investment Funds (CIF).
David McCormick, Undersecretary for
International Affairs, US Treasury, announced his country’s contribution of
US$2 billion over three years. Andrew Steer, UK Director General of the
Department for International Development, announced a commitment of £800
million (approximately US$1.5 billion at current exchange rates). And Daikichi
Monma, Japan’s Deputy Director General of the International Bureau of the
Ministry of Finance, announced his Government’s pledge of US$1.2 billion to the
CIF.
The CIF were created this year to invest in projects and programs in
developing countries that contribute to the demonstration, deployment and
transfer of low-carbon technologies, and to test innovative approaches to
climate change, for example by increasing climate resilience in developing
countries. [World
Bank Climate Investment Funds] [World
Bank Press Release]