WB to award US$3mil for environmental innovation
16:55' 16/12/2004 (GMT+7)

VietNamNet - The World Bank’s Development Marketplace is looking to award US$3mil for innovative, local projects that provide unique solutions to environmental challenges.

 

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The forest in Central Highlands has been severly devastated.

The Development Marketplace 2005, Innovations for Livelihoods in a Sustainable Environment, reflects the WB’s determination to support local ideas that improve the lives of poor people while minimizing environmental degradation.

 

The Development Marketplace 2005 is open to anyone, ranging from civil society groups to social entrepreneurs, youth organizations, private foundations, academia, and private sector corporations. The maximum award will be $150,000 per proposal.

 

Proposals will be accepted through the Development Marketplace website until  January 21, 2005 and should address one of these categories: Renewable energy and energy efficiency at community level; Innovative application of clean technologies in small enterprises; Biodiversity conservation; Environmental education and awareness; Protecting environmental health (air and water pollution, water supply and sanitation, persistent organic pollutants (POPs); and sustainable use of natural resources (land, agriculture, water, forests).

 

Winners will be announced after World Environment Day on June 6, 2005 in Washington, DC.

 

The Development Marketplace allows the WB, in partnership with donors such as the Global Environment Facility and the MacArthur Foundation, to give seed money to turn creative ideas into viable projects.

 

"The Development Marketplace’s approach focuses on grassroots initiatives and works directly with organizations that implement projects on the ground," says Klaus Rohland, Director of the WB in Vietnam. 

 

"It is a great learning experience for us and will help us draw valuable lessons for our own operations," he said.

 

The Development Marketplace started in 1998 as an internal bank competition to fund innovative ideas that were not picked up through the usual funding system.

 

It has evolved into a global event that has awarded nearly $25mil for more than 500 projects over the last six years.

 

More information about the competition is available at www.developmentmarketplace.org or contact the Development Marketplace team at dminfo@worldbank.org.

 

Thu Anh

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