International Financial Institution

Governing Body Selected for Forest Investment Program [viewed]

© The World Bank20 October 2009: The World Bank has announced the results of the regional self-selection process for member States in the governing body of the Forest Investment Program (FIP). Six developing countries (Brazil, the Democratic Republic of Congo, India, Morocco, Nepal and Romania) will join five contributor countries (Australia, Denmark, Norway, the United Kingdom and the United States) on the FIP Trust Fund Sub-Committee, which is the governing body of the FIP. The Sub-Committee will hold its first meeting on 29 October 2009, in Washington, DC, US.

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Third GEF-5 Replenishment Meeting Discusses Allocations for Focal Areas [viewed]

© GEF15 October 2009: The third meeting of participants for the fifth Global Environment Facility (GEF-5) Replenishment convened at the World Bank office in Paris, France, from 14-15 October 2009.

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World Bank Funds Energy Efficiency and Renewables in Rwanda [viewed]

© World Bank15 October 2009: The World Bank has approved an International Development Agency (IDA) grant for US$4.5 million equivalent, to improve the policy and institutional framework of the renewable energy and energy efficiency sub-sectors and to increase private sector participation in the renewable energy sector in Rwanda.

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Forest Carbon Partnership Facility Visits Amerindian Communities in Guyana to Discuss REDD [viewed]

© World Bank13 October 2009: Government, civil society and donor representatives met with 16 Amerindian communities in Guyana on a multi-stakeholder visit requested by the Global Forest Carbon Partnership Facility (FCPF) Participants Committee, to approve a preparation grant for Guyana aimed at financing the REDD design phase.

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IDB Funds Second-Generation Biofuels in Chile [viewed]

© IDB6 October 2009: The Inter-American Development Bank (IDB) will fund a feasibility study in Chile to explore sustainable biodiesel derived from forest industry byproducts and wood waste, which do not compete with food production.

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Uganda Registers First African Forestry Project under CDM [viewed]

© WB6 October 2009: The first African reforestation project to be registered under the Clean Development Mechanism (CDM) is being undertaken by Uganda's National Forestry Authority, in association with local community organizations.

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UNITAR Joins Nairobi Framework to Improve Participation of Developing Countries in CDM [viewed]

© UNITAR5 October 2009: The UN Institute for Training and Research (UNITAR) joined the Nairobi Framework, an initiative aimed at assisting developing countries especially those in sub-Saharan Africa, to improve their level of participation in the Clean Development Mechanism (CDM).

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WTO Public Forum Addresses Conflicts and Coherence between Climate-Change Policies and Trade Rules [viewed]

1 October 2009: The World Trade Organization (WTO) Public Forum featured a panel on climate change policies and trade rules that looked into whether the interpretation of WTO agreements ensures sufficient policy space to adopt effective climate-change measures.

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World Bank Estimates Costs of Adaptation [viewed]

© The World Bank30 September 2009: The World Bank has presented the results of an Economics of Adaptation to Climate Change (EACC) study, which estimates costs of adaptation to climate change in developing countries will be in the order of US$75-100 billion per year for the period 2010-2050, considering a 2°C warmer world.

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GEF, UNEP and Partners Launch Renewable Energy Project Insurance Scheme [viewed]

© UNEP-GEF-CarbonRe24 September 2009: The Global Environment Facility (GEF) and the UN Environment Programme (UNEP) are supporting an innovative mechanism for insuring renewable energy projects in developing countries. The global renewable energy insurance facility, which was launched by Munich, RSA Insurance Group (RSA) and CarbonRe, will be operated via an internet website and will offer standard and customized insurance solutions for renewable energy projects in developing countries.

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