International Financial Institution

IDB, EARTH University Open Green Youth Innovators Contest [viewed]

greenovators17 July 2014: The Inter-American Development Bank (IDB) and the EARTH University of Costa Rica are inviting young innovators to develop projects to combat climate change in Latin America and the Caribbean in the ‘Green youth innovators contest.'

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ADB Workshop Focuses on Transport, Energy NAMAs in Central Asia [viewed]

ADB18 June 2014: Forty policy makers from Azerbaijan, Kazakhstan and Uzbekistan participated in the regional workshop on 'NAMA Readiness and Investment Training for Mitigation Activities in the Energy and Transport Sectors.' Participants learned about the design, implementation and monitoring of Nationally Appropriate Mitigation Actions (NAMAs), shared regional NAMA experience and progress, and discussed the financing of NAMA components.

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BRICS Launch Development Bank [viewed]

vi-brics-summit16 July 2014: The Sixth BRICS Summit resulted in the establishment of the New Development Bank, which is to finance infrastructure and sustainable development projects in BRICS and other emerging and developing economies. The Summit also launched a BRICS Contingent Reserve Arrangement (CRA), and issued a declaration outlining the five countries' common position on a number of global issues, including climate change and sustainable energy.

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WTO Members Launch Talks on Environmental Goods [viewed]

World Trade Organization (WTO)8 July 2014: Thirteen States and the EU, which together account for 86% of global trade in environmental goods, have announced the launch of plurilateral negotiations for an Environmental Goods Agreement under the auspices of the World Trade Organization (WTO).

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Event: The Challenges of a Living List: Making Progress on a Green Goods Agreement [viewed]

Negotiations on a green goods agreement, announced earlier this year in Davos, Switzerland by 14 World Trade Organization (WTO) Members, will aim to create an initial and “living list” of green goods to be revised as technology evolves. This half-day event organized by the Geneva offices of the Friedrich-Ebert-Stiftung (FES) and the International Institute for Sustainable Development (IISD) will bring together practitioners, experts and administrators from a variety of agreements that have faced the challenges of a “living list,” to discuss their experiences and lessons learned for consideration by the WTO. Speakers will include John Scanlon, Secretary‐General, Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES), Aaron Cosbey, Associate and Senior Advisor, IISD, and Ambassador Jonathan Fried, Permanent Representative of Canada to the WTO, among others. The event takes place on the eve of the WTO Public Forum.  

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FCPF Welcomes Belize, Sudan and Uruguay [viewed]

Forest Carbon10 July 22014: The seventeenth meeting of the Forest Carbon Partnership Facility (FCPF) Participants Committee accepted Belize, Sudan and Uruguay into the Partnership. The Partnership now includes 47 countries.

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World Bank Issues First Catastrophe Bond [viewed]

worldbank-ccrif8 July 2014: The World Bank Group's International Bank for Reconstruction and Development (IBRD) has issued its first catastrophe ("cat") bond, which will benefit the 16 member States of the Caribbean Catastrophe Risk Insurance Facility (CCRIF). The bond, which is a three-year, US$30 million transaction under IBRD's Capital-at-Risk Notes Program, is linked to tropical cyclone and earthquake risk in CCRIF countries.

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FCPF Carbon Fund Selects Three Country Programmes [viewed]

worldbank-fcpfJuly 2014: The 'Chair's Summary' of the tenth meeting of the Forest Carbon Partnership Facility (FCPF) Carbon Fund (C10) has been released, with Duncan Marsh, C10 Chair, highlighting the selection of Chile and Viet Nam into the Carbon Fund pipeline. The Republic of the Congo, which also presented its Emission Reductions Program Idea Note (ER-PIN), was provisionally selected.

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Event: UN Private Sector Forum [viewed]

The 2014 edition of the UN Private Sector Forum will be held on the sidelines of the UN Secretary-General's Climate Summit, and will focus on carbon pricing, specifically actions that the public and private sectors can take to achieve an equitable and fair valuation of carbon through long-term strategies, investments and policies. Thus, the Forum aims to: enable business and investors to identify the contribution they can make towards pricing the cost of carbon emissions; and inspire public policy measures, commitments to action and public-private partnerships to achieve a carbon price. The Forum, convened by the UN Global Compact in cooperation with the World Bank Group, and with the support of UN partners, will be comprised of: a High-Level Luncheon, co-chaired by UN Secretary-General Ban Ki-moon and World Bank Group President Jim Yong Kim; and a Business and Civil Society Special Session, featuring leadership actions that businesses can take in cooperation with governments to address climate change. UN Secretary-General Ban Ki-moon has been convening the UN Private Sector Forum since 2008 during the opening session of the UN General Assembly in order to bring private sector's voice to intergovernmental debates on key topics.  

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Africa Carbon Forum Calls for Suitable Mechanisms [viewed]

AfricaCarbonForum4 July 2014: The sixth Africa Carbon Forum concluded that investments to support sustainable development and resilience in Africa must be scaled up to avoid undoing decades of development efforts. Forum presenters also called for regionally-suitable market and funding mechanisms, and reliable local environments for investment.

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