Finance

Joint Implementation Committee Forwards Recommendations to Durban [viewed]

UNFCCC15 September 2011: At its 26th meeting, the Joint Implementation Supervisory Committee (JISC) made recommendations for Joint Implementation (JI) to evolve beyond 2012 into a more decentralized mechanism where host parties can implement activities under the international guidance and oversight of a new governing body, accountable to the Kyoto Protocol parties.

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African Ministerial Conference Releases Johannesburg Communiqué on Climate-Smart Agriculture [viewed]

A call to action14 September 2011: The African Ministerial Conference on Climate-Smart Agriculture concluded with the adoption of the Johannesburg Communiqué, which underscores the need to put climate-smart agriculture high on the political agenda.

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UNFCCC Publishes List of Organizations Applying for Observer Status [viewed]

UNFCCC13 September 2011: The UNFCCC Secretariat has published a list (FCCC/CP/2011/2) of new intergovernmental organizations (IGOs) and non governmental organizations  (NGOs) that have expressed a wish to be represented at sessions of the Conference of the Parties (COP) and its subsidiary bodies as observers.

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Event: Twelfth Meeting of the Major Economies Forum on Energy and Climate [viewed]

The twelfth meeting of the Major Economies Forum on Energy and Climate will convene in Washington, DC, at the U.S. Department of State. US Deputy National Security Advisor for International Economic Affairs, Michael Froman, will serve as chair. The meeting will take place at the level of leaders' representatives.  

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Event: Fourth Meeting of the Transitional Committee for the Design of the Green Climate Fund [viewed]

At its 16th session, the Conference of the Parties (COP) to the UNFCCC decided to establish a Green Climate Fund, with arrangements to be concluded between the COP and the Green Climate Fund to ensure that it is accountable to and functions under the guidance of the COP. The Green Climate Fund will support projects, programmes, policies and other activities in developing country Parties using thematic funding windows. The COP also decided that the Green Climate Fund shall be designed by a Transitional Committee, which comprises 40 members, with 15 members from developed country parties and 25 members from developing country parties, with members having the necessary experience and skills, notably in the area of finance and climate change. The Transitional Committee is to develop and recommend for approval to the COP at its 17th session to be held in Durban, South Africa, from 28 November to 9 December 2011, a number of operational documents for the Green Climate Fund.  

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UNDP Launches Guidebook on Designing National Climate Financing Mechanisms [viewed]

Blending Climate Finance through National Climate Funds14 September 2011: The UN Development Programme (UNDP) has launched report that provides a step-by-step guide to developing countries in setting up national climate funds and in making informed decisions on climate financing options. The guidebook, “Blending Climate Finance through National Climate Funds: A Guidebook for the Design and Establishment of National Funds to Achieve Climate Change Priorities,” is based on UNDP's experience with 750 funds comprising over US$5 billion in resources from various donors. 

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Green Climate Fund Transitional Committee Considers Role of Private Sector [viewed]

Christiana Figueres, UNFCCC Executive Secretary13 September 2011: The third meeting of the Transitional Committee tasked with designing the UNFCCC's new Green Climate Fund made progress on concrete aspects of the functioning of the Green Climate Fund, including broad agreement on the importance of private sector engagement. 

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UNFCCC Publishes Scenario Note for AWG-LCA 14 Panama Session [viewed]

UNFCCC13 September 2011: The UNFCCC Secretariat has published the scenario note for the third part of the 14th session of the Ad Hoc Working Group on Long-term Cooperative Action under the Convention (AWG-LCA), which will be held from 1-7 October 2011, in Panama City, Panama.

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ADB Funds Solar Power Project in India [viewed]

ADB13 September 2011: The Asian Development Bank (ADB) has approved a $100 million loan to finance a roll-out of new large-scale solar power facilities in Gujarat, India.

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IDB to Invest in Adaptation to Climate Change in the Caribbean [viewed]

IDB12 September 2011: The Multilateral Investment Fund (MIF) of the Inter-American Development Bank (IDB) is investing US$1.5 million to launch an initiative that will help small and medium-sized enterprises in Jamaica, Barbados, the Bahamas and Belize to adopt business practices to minimize the impact of climate change on productive activities.

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