The Green Climate Fund Board has approved over USD $1 Billion in funding across 19 new projects in developing countries. Together with co-financing, these projects will see over USD $4.2 Billion in climate financing invested in low-emission and climate-resilient development. The Board has also appointed the World Bank as its trustee, initiated the Independent Evaluation Unit to perform a review of GCF, approved 16 new Accredited Entities for GCF project implementation, and discussed developing a process for decision making in the absence of consensus.
Plans to restructure USAID’s budget, policy, and accountability functions into a single ‘Bureau for Policy, Resources, and Performance’ to ensure greater effiency and coherence in the organisation’s activities have been sent to Congress for review following the approval of the US Office of Management and Budget. Devex has reviewed the agency’s plans in order to assess the potential obstacles and issues USAID will have to overcome if it is to successfully implement these changes.
- African Development Bank Group Announces Appointment of Director, Integrity and Anti-Corruption and Director Human Resources
The African Development Bank has announced the two new senior level appointments. Alan Bacarese, a former Senior Crown Prosecutor in the UK with extensive anti-corruption and white collar crime experience in both the public and private sectors, has been appointed Director for Integrity and Anti-Corruption. Frauke Harnischfeger, a German citizen with over 25 years of international human resources experience and current Chief Human Resources Officer at the Institute of International Education, has been appointed Director of Human Resources. Both appointments will take effect on January 1st, 2019.
- Why Climate Change and Other Global Problems Are Pushing Some Business Leaders to Embrace Regulation
Analysts and observers are noticing that increasingly private corporations and business leaders are pushing for more regulation and greater government intervention in response to major problems facing the world like climate change, a shift that is challenging the conventional wisdom that the private sector will always resist such interventions in the economy.
The Ballmer Group has announced that Terri Ludwig will join the group as President of Philanthropy on January 7th, 2019. Ludwig is the current President and CEO of Enterprise Community Partners, a role she’s held since 2011 and has extensive experience in the finance and nonprofit sectors
After surveying more than 350 executive team members in the nonprofit sector, researchers with the Bridgespan Group have put together ‘5 Questions to Guide an Effective Executive Team’ to help nonprofits improve their performance at an executive level.
Following a side-event at the 45th Session of the Committee on World Food Security discussing the link between Climate Change and Food Security, experts and policy-makers are being encouraged to develop and more integrated approach to addressing both problems due to the inexorable link between the impact of climate change on agriculture and food production, and the impact of emissions and waste from agriculture on the environment.
Advocates and campaigners for climate action have criticised the Bank of England for the decision not to require financial companies to disclose potential risks they face from climate change as part of new regulations and guidelines aimed at preparing the UK financial sector for a low-carbon economy.
Following the iniative’s first high-level consultation workshop with senior experts from the UN, NGOs, Academia and Donors, the Center for Global Development has published a new report advocating for a new approach to humanitarian responses.
After nearly 40 years of support, Japan is planning to stop offering development aid to China and establish a new framework between the two countries to enable them to cooperate as equal partners on projects in the developing world
TIME Magazine has launched Health Care 50, new annual list of the 50 most influential and innovative people working in the US Health Care System today.
New York State is suing ExxonMobil for engaging in a ‘longstanding fraudulent scheme’ to downplay the risks posed to its business by climate change regulations. The suit accuses ExxonMobil of providing ‘false and misleading assurances’ to shareholders about the impact of climate regulations on the long-term value of the company’s shares. The suit represents a new legal approach to holding fossil fuel companies to account for the role they’ve played in climate change following the unsuccessful attempts by several states to sue them for damages wrought by climate change.