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India Proposes to Secure USD 500 Million World Bank Loan for Ultra Mega Solar Power Project

New Delhi (ABC Live):The Ministry of New and Renewable Energy has submitted a proposal to the Department of Economic Affairs (DEA) for posing to World Bank for loan assistance of USD 500 million for implementation of first phase of 750 MW of an Ultra Mega Solar Power Project of 4000 MW cumulative capacity to be set up on vacant land …

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India to Amend Guidelines for Projects Approval Financing under NCEF

New Delhi (ABC Live): The Cabinet Committee on Economic Affairs has approved the proposal of the Ministry of Finance to amend the following guidelines for appraisal/approval of projects/schemes eligible for financing under the National Clean Energy Funds (NCEF): i. Amendment in the “guidelines for appraisal and approval of projects to be financed from the National Clean Energy Funds (NCEF) to …

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UAE to Host Climate Summit Abu Dhabi Ascent in May 2014

New York (ABC Live):4 February 2014 – Secretary-General Ban Ki-moon and his Special Envoy for Energy and Climate Change, Dr. Sultan Al Jaber, of the United Arab Emirates (UAE), have announced that the Gulf country will host a high-level meeting in May to generate momentum for concrete actions to be taken at a climate summit Mr. Ban will convene four months later …

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WMO’s Montreal World Weather Open Science Conference in August

Montreal (ABC Live):“The Weather: What’s the Outlook,” is the theme of the World Weather Open Science Conference (WWOSC2014) which will bring together the entire weather science and user communities for the first time. The conference, to be held in Montreal, Canada, 16 – 21 August 2014, will will examine the frontiers of knowledge, define new scientific goals and challenges, and explore …

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World Bank Appoints Ex New York City Mayor As Special Envoy for Cities and Climate Change

WASHINGTON, January 31, 2014(ABC Live): – The World Bank Group President Jim Yong Kim issued the following statement today: “The appointment of Michael R. Bloomberg as a Special Envoy for Cities and Climate Change to the United Nations should be applauded from Beijing to Rio to Mumbai. His selection is a huge boost for global leadership efforts to combat climate …

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UK Climate Diplomat Considers China, India,Brazil as Climate Change Deal Spoilers

New Delhi (ABC Live): China, India and Brazil are not sending clear signals on whether they will sign a UN-backed global emissions reduction deal next year, says the UK’s top climate diplomat. Their reluctance to confirm their position within the UN negotiations could still derail the process, warned Sir David King, the UK’s special representative for climate change, at a …

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Water Shortages Slow Energy Production Worldwide: World Bank

New Delhi (ABC Live):Energy and water security are crucial to human and economic development. The two resources are now more interconnected than ever — significant amounts of water are needed in almost all energy generation processes, from generating hydropower, to cooling and other purposes in thermal power plants, to extracting and processing fuels. Conversely, the water sector needs energy – …

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Global Investors to Invest $500 Billion per Year on Clean Energy by 2020

New York (ABC Live): Nearly 500 leading investors meeting today at the United Nations see major growth potential for ramping up green bonds and other clean energy investments to the levels necessary in order to avoid the worst impacts of climate change. Despite a drop in global clean energy investments in 2013, institutional investors expressed strong agreement on the urgency …

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World Faces Extreme Weather in 2014

New Delhi (ABC Live): The United States was gripped by a cold wave 7-8 January, whilst much of Europe has seen unusually mild weather, and Australia was gripped by a heatwave. The conditions were accurately predicted in advance (in some cases, by more than one week) by meteorological services. USA: The U.S. National Weather Service said that on 7 January, every …

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Investment Banks Issue Guidelines for Green Bonds

New Delhi (ABC Live): New principles on the development and issuance of green bonds have been drawn up by a group of large investment banks. Bank of America Merrill Lynch, Citi, Crédit Agricole CIB and JPMorgan drafted the new framework, which guides disclosing, managing and reporting on the proceeds of a green bond. Green bonds issued by banks and corporates …

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