Finance

WMO, Norway Sign Agreement on Climate Services in Africa [viewed]

WMO9 December 2011: The Government of Norway has signed a grant agreement with the World Meteorological Organization (WMO) to strengthen climate services in Africa. The signing ceremony was held on the sidelines of the Durban Climate Change Conference.

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OECD Reports that DAC Countries Allocate 15% of Development Assistance to Mitigation and Adaptation [viewed]

6 December 2011: Organisation for Economic Co-operation and Development (OECD) Secretary-General Angel Gurría has announced the results of OECD research indicating that member countries of the OECD Development Assistance Committee (DAC) allocated US$22.9 billion, or 15% of official development assistance (ODA), to climate change-related endeavors in 2010.

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Event: UNFCCC COP 21 [viewed]

The 21st session of the Conference of the Parties to the UNFCCC is expected to take place in December 2015, in Paris, France.  

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Event: UNFCCC COP 20 [viewed]

The 20th session of the Conference of the Parties to the UNFCCC is expected to take place in December 2014 in Peru. Venezuela has offered to host a pre-COP ministerial meeting,  

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Event: UNFCCC 40th Sessions of the Subsidiary Bodies [viewed]

The 40th sessions of the Subsidiary Bodies to the UNFCCC are expected to take place in June 2014.  

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COP 17 Concludes with Adoption of the Durban Platform [viewed]

11 December 2011: After extended negotiations over the weekend, the UN Climate Change Conference in Durban, South Africa, concluded with the adoption of the "Durban Platform," a set of decisions that lay the ground for adopting a legal agreement on climate change as soon as possible, and no later than 2015.

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IISD Event Discusses Fossil Fuel Subsidy Reform [viewed]

7 December 2011: The Friends of Fossil Fuel Subsidy Reform group of countries and the International Institute for Sustainable Development's (IISD) Global Subsidies Initiative organized an event titled "The Missing Piece? Fossil Fuel Subsidy Reform and Climate Change," on the sidelines of the UN Climate Change Conference in Durban, South Africa.

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World Bank to Support Low-Carbon Initiatives in Poorest Countries [viewed]

World Bank6 December 2011: The World Bank announced two new initiatives to support least developed countries' (LDCs) access to finance for low-carbon investments and enable them to tap into carbon markets after 2012, the Carbon Initiative for Development (Ci-Dev) and the third tranche of the BioCarbon Fund (BioCF T3).

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IDB Provides Climate Change and Financial Sector Funding to Trinidad and Tobago [viewed]

IDB5 December 2011: The Inter-American Development Bank (IDB) approved two loans for Trinidad and Tobago totaling US$130 million, including US$80 million for climate change measures and US$50 million to strengthen the financial sector.

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Development Banks Agree on Partnership for Climate Action in Cities [viewed]

5 December 2011: Five multilateral development banks have agreed on a new partnership to support climate action in cities, including better coordination, and to deepen support to cities in adapting to and mitigating climate change, such as the development of common tools and metrics for cities.

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