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With a goal of removing natural gas from all City facilities by 2035, the city of San Diego was honored today for its innovative zero emissions municipal buildings policy during a Department of Energy summit in Washington, D.C.

The World Bank announced a significant expansion of the use of catastrophe bonds, reinsurance and instruments such as parametric risk transfer for

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The World Bank aims to speed up the disbursement of loans by one third in as little as two years, a key pillar of an overhaul that aims to make the development organization more effective. "We did not pin an exact date, but we will be looking to reduce by a third over perhaps a couple of years," said Ed Mountfield, Vice President for Operations Policy and Country Services at the World Bank, in an interview with Reuters in London. "We need to find ways to go faster, both looking at our own red tape and also recognising that often the delays are on the client side," Mountfi...