The Global Environmental Facility has approved the first work program of its new four-year investment cycle. The work program will see USD $157.8 Million being invested in 18 projects across 25 countries, with a further USD $819.7 Million in financing expected to be attracted from other sources as a result of the GEF’s financing.
A group of more than 70 Dutch pension funds with combined assets of almost €1.2 Trillion have signed a covenant with NGOs, trade unions, and the Dutch government pledging global co-operation on sustainable investment. The agreement aims to use the combined wealth and influence of the funds to influence policies and outcomes related to human rights, labour conditions, and the environment worldwide.
The African Development Bank has approved a borrowing programme of USD $7.24 Billion for 2019.
An overview of the projects in DFID’s pipeline for 2019 looking at the regional and sectoral priorities guiding DFID’s planned spend.
An interview with former US Vice President Al Gore about the evolution of the politics of the environment over his decades of advocacy and the climate change policy debate in the US today.
Save the Children UK chair Peter Bennett-Jones is to step down early following an investigation into comments made at a meeting with staff that were seen as at odds with the charity’s review of its working culture. Bennett-Jones had been set to leave the role later in 2019, but has brought his departure forward to January following the investigation. An interim chair will be appointed by the board this month.
The Pacific Island nation Niue has passed legislation to join the Asian Development Bank.
China has been positioning itself as a leader in the fight against climate change as it looks to fill the space vacated on the world stage by the US under President Trump, but while the country invests heavily in green energy and infrastructure at home, coal-fired power plants remain a major part of China’s Belt and Road Initiative, threatening to undermine efforts to reduce emissions and avert catastrophic climate change.
Nili Gilbert, chair of the investment committee at the David Rockefeller Fund, talks about her work at the Fund and the Fund’s efforts to use its investments to combat climate change.
A look at the potential impact the growing rivalry between the USA and China could have on global development as the US begins to ramp up its international development efforts in response to China’s Belt and Road Initiative.