July 2008: The Japan Bank for International Cooperation (JBIC) has signed a
Memorandum of Understanding (MOU) with Pakistan's Ministry of Environment and
Japan Carbon Finance Limited (JCF) to promote the Clean Development Mechanism
(CDM) in Pakistan and to support Japanese entities in their acquisition of the
carbon credits generated by the CDM projects.
17 June 2008: The Congo Basin
Forest Fund, a multi-donor facility established to take action to protect the
forests in the Congo Basin region, was launched in London, UK. The Fund will be
used over a ten-year period, up to 2018, to finance the
Central African Forests Commission (COMIFAC) Action-Plan in ten different
strategic areas aimed at conserving the Congo Basin rainforest.
8 July 2008: The Group
of Eight Industrialized Countries (G8) Hokkaido Toyako
Summit took place from 7-9 July 2008
in Japan. On 8 July, the G8 leaders agreed on a Document on Environment and
Climate Change. The leaders of the G8
agreed to share with parties to the UNFCCC the vision of a goal of achieving at
least 50% reduction of global emissions by 2050, recognizing that this global
challenge can only be met by the contributions from all major economies,
consistent with the principle of common but differentiated responsibilities and
9 July 2008: The
Leaders Meeting of the Major Economies took place on 9 July 2008, in Hokkaido,
Japan, in conjunction with the G8 Summit. The leaders of Australia, Brazil,
Canada, China, the European Union, France, Germany, India, Indonesia, Italy,
Japan, the Republic of Korea, Mexico, Russia, South Africa, the United Kingdom,
and the United States issued a Declaration, which had been agreed during a
previous meeting held in Seoul, Republic of Korea, from 21-22 June 2008.
The thirteenth World Water Congress will take place in Montpellier, France, from 1-4
September 2008, and will be organized under the theme “Global Changes and Water
Resources: Confronting the Expanding and Diversifying Pressures.”
25 June 2008: Many Strong Voices (MSV), a collaboration between Arctic and Small Island Developing States (SIDS) that seeks to promote the well-being of these areas vulnerable to climate change, released a five-year action plan on 25 June 2008.
June 2008: Speaking on the sidelines of the meeting of finance ministers for
the Group of Eight (G8), held in Osaka, Japan, World
Bank President Robert B.
Zoellick presented two new climate investment funds built to support the
UNFCCC's efforts to address the effects of, and mitigate, climate change.
By Richard Sherman and Peter Doran, IISDRS
While the UN Framework Convention on Climate Change
(UNFCCC) process is the official ‘home' for climate policy
negotiations, the road to Copenhagen will increasingly witness the
acceleration of initiatives across the United Nations system and the
intergovernmental sphere. System-wide initiatives on climate change
reflect a commitment across the UN family to support the UN
Secretary-General's commitment to play a leadership role in supporting
the international community's current efforts to address climate
change, using the Bali Action Plan and Roadmap, and to ensure that all
parts of the UN contribute to a solution.
It is a particular pleasure to have this opportunity to share some of my thoughts through the inaugural edition of this bulletin – which I hope will become a vibrant medium of communication and exchange in the period ahead – as we each do our part to keep the promise we made in Bali and to realize success in Poznań and then Copenhagen.
14 June 2008: G8 Finance Ministers, meeting in preparation for the Summit of the G8 Heads of State and Government in Hokkaido-Toyako, met from 13-14 June 2008, in Osaka, Japan, and agreed to the “G8 Action Plan for Climate Change to Enhance the Engagement of Private and Public Financial Institutions.” In their final statement, Ministers supported the launch of new Climate Investment Funds (CIFs) by the World Bank, which will complement existing bilateral and multilateral efforts, until a post-2012 framework under the UNFCCC is implemented.