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.


Trachte Inc._id1770
Latest Top Stories

Recapping The Wind Industry's Third-Quarter Deals

Mercom Capital Group recaps investment and merger and acquisition activity during July, August and September.


Yearly Installed Capacity Figures Already Beat 2013 Numbers, More Wind On The Way: AWEA

While the American Wind Energy Association (AWEA) lobbies Congress to extend the production tax credit, the association notes wind projects now under construction signal a vibrant 2015.


Yahoo Inks Contract To Buy Kansas Wind Power

The Internet company plans to log in to the Alexander wind project, which is being built by community developer OwnEnergy.


Could Initial Offshore Wind Projects Crash New England's REC Market?

Some are concerned that the first offshore wind projects could negatively impact pricing of renewable energy credits (RECs) in New England.


Catching Up With The DOE's Down-Select Offshore Winners

The three recipients of key U.S. Department of Energy (DOE) funding provide updates on their offshore wind demonstration projects.

Renewable NRG_id1934
Hybrid Energy Innovations 2015
Canwea_id1984