World Bank approves $10m to electrify rural areas in Tajikistan

The Tajikistan Rural Electrification Project aims to provide access to electricity to households in remote, mountainous areas of the southern part of the country

Nepal granted $24m for sustainable forest management

The project will strengthen ongoing community-based conservation efforts while promoting inclusive sustainable use

World Bank debars German oil and gas contractor for 13 months

The debarment makes Ferrostall Oil & Gas ineligible to participate in projects and operations financed by institutions of the World Bank Group for the stated period

New initiative to help banks in the Philippines, Mexico and Egypt scale climate finance

It is designed to increase climate lending by participating banks to 30% of their portfolios by 2030, while reducing exposure to coal

New partnership to help Egyptian farmers buy solar irrigation systems

Using solar power for pumping water is estimated to help farmers save $875m annually in diesel fuel costs

World Bank approves $200m to improve air quality in Egypt

The project will focus on reducing emissions from vehicles, improving the management of solid waste and strengthening the air and climate decision-making system in Greater Cairo

Almost 2.8bn people still ‘cooking with polluting fuels and technologies’

Nearly half of the global population lack the ability to cook efficiently or cleanly, says the World Bank

Green finance
New fund to pave the way for low carbon and resilient cities in developing and emerging economies

It is a collaboration between ministers and directors of the Governments of Germany and Luxembourg together with the World Bank, European Investment Bank and the Global Covenant of Mayors

World Bank grants Thailand $5m to protect ozone layer and climate

The country is one of the world’s 10 largest importers and consumers of ozone-depleting hydrochlorofluorocarbons

BEIS and IFC seek innovative sustainable cooling solutions

With 10% of global greenhouse gas emissions coming from cooling, new solutions are critically needed to address the climate footprint of growing demand