in News Departments > FYI
print the content item

The World Bank board of directors has endorsed the new Country Partnership Strategy (CPS) for Mexico, which includes a loan of over $500 million to support the government's efforts, under the National Climate Change Strategy, to maintain climate change considerations in public policy.

"This is the first operation of its kind for the World Bank," says Axel van Trotsenburg, World Bank director for Mexico and Colombia. “It is in recognition of the Mexican efforts and commitment in reducing CO2 emissions. It is also an important first step for the World Bank in finding concrete ways to be a long-term partner of Mexico in supporting a low-carbon development path in the country."

The Climate Change Development Policy Loan will be implemented by the Ministry of Environment and Natural Resources. The loan is designed to decrease the adverse environmental impacts of climate change by reducing greenhouse gas emissions and concentrations on a voluntary basis in key sectors. The operation will also provide a strategic framework for an expanded dialogue between the government of Mexico and the World Bank on climate change.

IOWA Economic Development id2073

Trachte_id2056
Latest Top Stories

Slow Turning: What's Stopping Individual Blade Pitch Control From Wider Acceptance?

Advances have made it feasible for wind turbine blades to adjust individually. However, other factors are preventing the technology's widespread use.


Deepwater Hits Financial Close For Block Island Wind Farm, Expects Summer Construction

The Providence, R.I.-based offshore wind developer becomes the first to financially close on a U.S.-based offshore wind project.


More Investors Entering Tax Equity Market; Returns Holding Steady

The entry of new tax equity investors to the wind space last year re-ignited an old debate.


Report: Top 10 Turbine OEMs Had Record Year In 2014

Preliminary findings suggest Vestas reigned supreme again among the world's leading wind turbine makers. How did some of the other OEMs fare?


AWEA's Gramlich To FERC: Additional Transmission Needed Regardless Of Clean Power Plan

To further build a more balanced and reliable electricity portfolio, the U.S. needs to build more transmission capacity.

Hybrid Energy Innovations 2015