Bangladesh to modernise power grid with $500m World Bank fund

The project, which will also support the sustainable transformation of its electricity system, will deliver improved power services to around 40m people in Dhaka and Mymensingh Division

World Bank and Guatemala ink $52.5m agreement to cut emissions from deforestation

The Emission Reductions Payment Agreement will reward efforts to reduce 10.5m tons of carbon emissions through 2025 under Guatemala’s emissions reduction programme

Climate change ‘affecting mental health and spreading infectious diseases in Bangladesh’

According to the World Bank, the country has experienced a 0.5°C increase in temperature over the last 44 years and by 2050, it is predicted to rise by 1.4°C

Japanese life insurance firms invest in green bonds to support climate action

Projects that will be supported include renewable energy, energy efficiency and new technologies in waste management and agriculture that reduce greenhouse gas emissions

Climate change ‘could make 216m people leave their homes’

First signs of internal climate migration could emerge as early as 2030, a new report finds

New $21.9m fund approved for geothermal energy exploration in Saint Lucia

The project will support exploratory drilling, capacity building, technical assistance and market engagement as well as prepare women for employment for technical jobs within the energy sector

World Bank backs clean energy in Uzbekistan with $380m

The funded project aims to improve the transmission network’s capacity to facilitate more renewable energy

IFC provides ‘landmark’ loan to support gas flaring reduction in Iraq

The project is expected to increase Basrah Gas Company’s processing capacity, avoiding more unnecessary flaring and associated greenhouse gas emissions by around 10 million tons per year

World Bank pledges ‘record levels’ of climate finance in developing countries

Its new Climate Change Action Plan seeks to prioritise action in key systems, including energy, agriculture, food, water and land, cities, transport and manufacturing

City Climate Finance Gap Fund approves six cities for support

The cities are located in Ecuador, Mexico, Montenegro, South Africa, Ukraine and Vanuatu, with projects including energy efficiency, renewable energy and sustainable mobility