4 June 2008: The African Development Bank (AfDB) and the World
Bank jointly organized a fourth regional consultation to discuss their
respective strategies on climate change. The 4 June 2008 consultation in Dakar,
Senegal, was the last in a series aimed at brainstorming and seeking ways to
strengthen collaboration with African institutions and development partners in
order to efficiently implement the strategies. Participants identified three
main challenges – energy security and access, cushioning the adverse effects of
climate change, and climate change risk management and adaptation.
6 June 2008: The World Bank's Carbon Fund is facilitating a
US$8.37 million project in southern Nicaragua that plans to turn 600 hectares
of privately-owned former cattle ranches into new-growth teak forests. The Nicaragua Precious Woods Project began in August 2006,
and intends to absorb nearly 300,000 tons of carbon emissions by the year 2017
while conserving approximately 350 hectares of secondary forest and mature
29 May 2008: The World Bank announced a new
programme to address the impact of tropical glacier retreat in Bolivia, Peru, and
Ecuador. During the project launch in Lima, Peru, Carlos Felipe Jaramillo,
World Bank director for Bolivia, Ecuador, Peru, and Venezuela noted that “Climate
change will heavily impact Andean countries' economies, particularly the poor.
Adapting to climate change is crucial given the severe and irreversible effects
it will have on the region.”
21 May 2008: The Commission on Growth and Development has released its report entitled “The Growth Report: Strategies for Sustained Growth and Inclusive Development,” in which it analyzes, among other issues, whether deve loping countries can grow as fast as the fastest growing economies without causing global greenhouse gases to spiral out of control.
29 May 2008: Climate change poses “particularly serious macroeconomic, fiscal, and financial challenges for low-income countries,” said Takatoshi Kato, Deputy Managing Director of the International Monetary Fund (IMF) at the Fourth Tokyo International Conference on African Development (TICAD IV), which convened in Yokohama, Japan, from 28-30 May 2008.
29 May 2008: In an address to the European Parliament's Temporary Committee on Climate Change, World Trade Organization (WTO) Director-General Pascal Lamy highlighted and reviewed different approaches regarding the WTO's role in combating climate change.
14 May 2008: In his opening statement to the thirty-fourth session of UNIDO's Industrial Development Board, UNIDO Director-General Kandeh K. Yumkella said the accelerating process of global climate change is “ possibly the most pervasive and irreversible global crisis.” He said the global energy crisis was also significant because of its widespread implications, especially on industry, and pointed out other global challenges, including food and global instability, as the major challenges that UNIDO has been asked to assist the international community to resolve.
23 May 2008: Representatives from 40 donor and developing countries, meeting in Potsdam, Germany, reached an agreement on the creation of two international investment funds that will provide innovative financing for developing countries to pursue cleaner development paths and protect themselves from the impacts of climate change.
24 May 2008: The Global Environment Facility (GEF) and the Japan Bank for International Cooperation (JBIC) signed a Memorandum of Understanding (MOU) to improve aid effectiveness by collaborating on projects addressing climate change and biodiversity loss.
May 2008: A new report by the United Nations Development Programme (UNDP) and the Global Environment Facility (GEF) highlights lessons learned from international experience on the promotion of wind energy.The report notes that 75% of installed wind energy capacity is found in just five countries. The report underscores the role of promoting policies to reduce costs, improve revenues and reduce risk for promoters, and the importance of market access and feed-in laws for providing long-term stability and predictability.