Wednesday, June 26, 2019

March / 2019

UNEP on a tight leash in wake of travel audit

 
Months after a critical audit of UN Environment triggered the resignation of Executive Director Erik Solheim, donors are positive about his replacement Inger Andersen, but they continue to use the money weapon to ensure that the agency improves practice.
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Finland breaks new ground with loan for IFAD’s core activities

 
Finland becomes the first Nordic donor to provide a loan to finance a multilateral agency’s core efforts. A EUR 50 million long-term Finnish loan will fund the UN’s agency for rural and agriculture development IFAD’s efforts to support small-scale farmers increase their yields and adjust to climate change.
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New aid index measuring self-interest of donors gives Nordics mixed score

 
The Overseas Development Institute (ODI) has created a new aid index which measures the extent to which donors’ self-interest penetrates disbursement of aid. Three Nordic donors rank among the top ten.
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Nordics await due diligence before deciding on David Malpass as World Bank President

 
All the five Nordic countries confirm to Development Today that they will not take a position on David Malpass’ candidacy as President of the World Bank until the board has completed its due diligence and interview process. Malpass was nominated by President Donald Trump and is the only candidate for the job.
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Norway rewards Indonesia by leaving out peat burning from carbon accounting

 
By excluding massive CO2 emissions from peat burning in Indonesia, Norway recently presented a positive carbon tally and granted its first payment to the Southeast Asian forest giant for reduced emissions from deforestation. The NOK 200 million reward coincided with the 10th anniversary of the countries’ climate partnership. If emissions from peatlands had been counted, there might be no basis for payment at all, a scrutiny by Development Today shows.
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Norway rewards Indonesia by leaving out peat burning from carbon accounting

 
By excluding massive CO2 emissions from peat burning in Indonesia, Norway recently presented a positive carbon tally and granted its first payment to the Southeast Asian forest giant for reduced emissions from deforestation. The NOK 200 million reward coincided with the 10th anniversary of the countries’ climate partnership. If emissions from peatlands had been counted, there might be no basis for payment at all, a scrutiny by Development Today shows.
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Brazil receives first Green Climate Fund grant for REDD+. Critics warn of ‘paper reductions’ with no real climate benefits

 
The Green Climate Fund (GCF) has approved a USD 96 million grant for Brazil, a reward for reductions in emissions from deforestation achieved five years ago. NGOs warned of “paper reductions without any real climate benefits.” Germany and the US pushed for conditions to be attached, while Norway was keen to send a positive signal.
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US nominee Malpass on track to become new World Bank President

 
David Malpass, 63, is on track to become the next President of the World Bank. As the deadline for nominations expires, he is the only official candidate for the job. It is now expected that the World Bank board will test his commitment to the Bank’s agenda on poverty, climate and multilateralism in the coming weeks.
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US nominee Malpass on track to become new World Bank President

 
David Malpass, 63, is on track to become the next President of the World Bank. As the deadline for nominations expires, he is the only official candidate for the job. It is now expected that the World Bank board will test his commitment to the Bank’s agenda on poverty, climate and multilateralism in the coming weeks.
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Iceland’s ex-PM Geir Haarde seizes Nordic-Baltic top position at World Bank

 
The former Icelandic Prime Minister Geir H. Haarde, 67, assumes the position of the Nordic-Baltic countries Executive Director at the World Bank this summer, a spokesperson at the Foreign Ministry in Reykjavik confirms to Development Today.
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Nordics pressed Trump’s candidate for World Bank Presidency on poverty focus

 
The Trump administration’s candidate for President of the World Bank David Malpass met with Nordic-Baltic ministers in Reykjavik this week. He was pressed on issues like climate change, gender and his commitment to multilateralism. For now, Malpass is the only candidate in the race, but so far none of the Nordic countries has expressed their support for him.
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Humanitarians call for neutral aid and access to mitigate Yemen crisis

 
Nordic donors pledged USD 67.4 million for the humanitarian crisis in Yemen during a recent donor meeting in Geneva. This amounts to one-tenth of the OECD countries’ Yemen aid. Two Arab allies fighting in the war provided the lion’s share of funds, raising concerns about impartiality of relief aid.
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Replenishment delay has cost Green Climate Fund billions of dollars

 
Following its 22nd board meeting last week, the Green Climate Fund (GCF) announced it will hold its first replenishment in late October, a year and a half behind schedule. The delay has meant a loss of climate financing amounting to USD 4 billion.
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