ABB_id2059
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.

Hybrid Energy Innovations 2015

Trachte_id2056
Latest Top Stories

The Song Remains The Same: AWEA Says Stable Policy Can Protect U.S. Wind Investment

Although the U.S. wind industry added more than four times the amount of wind in 2014 compared with 2013, predictable policy is needed to sustain its long-term success.


High Net-Worth Investors Claim 'All Of The Above' On Energy, Renewable And Otherwise

According to a recent Morgan Stanley poll, high-dollar investors favor investment in renewable energy technologies, such as wind and solar.


U.S. Wind Power Installations Surpassed 4.7 GW Last Year, Although China Still Leads

Bloomberg New Energy Finance reports that U.S. wind installations came back in a big way from a disappointing 2013.


IRS Specifies Performance, Quality Standards For Small Wind Turbines

The Internal Revenue Service (IRS) recently issued guidelines creating safety and performance standards for small wind turbines to be eligible for the 30% investment tax credit.


Hot Times North Of The Border: Canada Tops Previous Record For Installed Wind Capacity

For the second consecutive year, Canada's wind market has bested the country's previous mark for new installations.

Hybrid Energy Innovations 2015