Finance

EBRD Supports Hydropower Project in Ukraine [viewed]

29 September 2011: The European Bank for Reconstruction and Development (EBRD) has approved a loan to finance upgrades of hydro- and electro-mechanical equipment at Ukrgidroenergo's (UHE) hydropower plants. UHE is Ukraine's state-owned operator of large hydro-generating and pump storage facilities.

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Event: Negotiating Climate Change Finance [viewed]

The Multilateral Diplomacy Programme of the UN Institute for Training and Research (UNITAR), in cooperation with Germanwatch, has developed this e-learning course on “Negotiating Climate Change Finance," which will be conducted from 24 October-18 November 2011. The aim of the course is to provide the skills and knowledge needed for participation in multilateral negotiations, particularly under the UNFCCC. It will enhance participants' understanding of the key objectives and instruments of international climate finance, the multilateral policy framework and key negotiation issues crucial to reaching a post-2012 agreement, particularly with respect to the forthcoming 17th session of the Conference of the Parties to the UNFCCC (COP 17).  

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Event: Energy for All: Financing Access for the Poor [viewed]

The Oslo Energy for All 2011 high-level conference is co-organized by Norway and the International Energy Agency (IEA), and aims to explore possible ways of financing access to energy for the 1.4 billion people without access to electricity and 2.5 billion people who still use traditional biomass for cooking. Five countries from the South - Brazil, Ethiopia, India, Liberia and South Africa – have been invited to be organizing partners. High-level participants will include Norwegian Crown Prince Haakon Magnus, Norwegian Prime Minister Jens Stoltenberg, UN Secretary-General Ban Ki-moon, and UN Industrial Development Organization (UNIDO) Director-General Kandeh Yumkella. Registration is by invitation only.  

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OECD/IEA Report Calls for Fossil Fuel Subsidies Reform [viewed]

4 October 2011: The International Energy Agency (IEA) and the Organisation for Economic Co-operation and Development (OECD) have jointly released a publication titled “Inventory of estimated budgetary support and tax expenditures for fossil fuels,” which highlights the need to reform fossil-fuel subsidies to improve the economy and environment.

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Pacific Islands Forum Secretariat Announces Renewable Energy Project in Cook Islands [viewed]

3 October 2011: The Pacific Islands Forum Secretariat (PIFS) has announced the approval of US$1 million funding for a solar power project on Rakahanga in the Cook Islands.

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UN-REDD Releases Seventh Policy Board Meeting Documents [viewed]

UNREDD Newsletter30 September 2011: The seventh Policy Board Meeting of the UN-REDD Programme will be held from 13-14 October 2011, in Berlin, Germany. The documentation for the meeting is now available online.

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CIF Endorses Kenyan Plan to Develop Renewable Energy Resources [viewed]

30 September 2011: The Climate Investment Funds (CIF) have approved funding for Kenya's investment plan to scale up and develop its renewable energy resources, which will enhance their energy security, increase electricty access, reduce supply costs and bring socioeconomic benefits to local communities.

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AfDB, Eskom Sign Renewable Energy Loan Agreement [viewed]

25 September 2011: The African Development Bank (AfDB) has signed a US$365 million loan agreement with Eskom, an electricity company that operates in the countries of the Southern African Development Community (SADC), to implement large-scale wind and solar generation projects.

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UNFCCC Publishes AWG-LCA Submissions for Panama Session [viewed]

UNFCCC3 October 2011: The UNFCCC Secretariat has published a number of submisisons from parties to be considered by the third part of the 14th session of the Ad Hoc Working Group on Long-term Cooperative Action under the Convention (AWG-LCA 14), taking place in Panama City, Panama, from 1-7 October 2011.

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IDB to Fund Energy Efficiency Investments in Central America [viewed]

IDB3 October 2011: The Inter-American Development Bank (IDB) is partnering with the Nordic Development Fund (NDF) to launch a programme for companies in Central America to adopt clean technologies and improve their energy efficiency.

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