Finance

UN-REDD Newsletter Highlights Policy Board Meeting Deliberations, Recent Workshops [viewed]

26 October 2011: The UN-REDD Programme's October newsletter reviews recent activities related to its work on reducing emissions from deforestation and forest degradation, conservation, sustainable management of forests and enhancement of carbon stocks (REDD+).

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GEF, IFC to Support Climate Change Mitigation Business Models [viewed]

20 October 2011: The International Finance Corporation (IFC), part of the World Bank Group, will launch a US$60 million financial mechanism to support alternative business models for climate change mitigation in developing countries, providing companies with strategies and tools to provide products and services aimed at reducing greenhouse gas (GHG) emissions.

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IDB Paper Highlights Microfinance Potential to Support Climate Change Adaptation [viewed]

October 2011: The Inter-American Development Bank (IDB) published a brief, authored by María Elena Gutierrez and Xavier Mommens, which highlights the potential for microfinance to support climate change adaptation, as well as the risks that climate change imposes on microfinance schemes.

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ILRI-Backed Adaptation Insurance Programme Pays Herders in Kenya [viewed]

21 October 2011: The International Livestock Research Institute (ILRI) has reported that the first payments for the index-based livestock insurance programme piloted in Kenya's Marsabit District have been provided to 650 insured herders.

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IDB and Nordic Development Fund Support Green Microfinance [viewed]

IDB18 October 2011: The Multilateral Investment Fund (MIF), a member of the Inter-American Development Bank (IDB) Group, has partnered with the Nordic Development Fund to launch a US$7 million programme to fund pilot microfinance activities for mitigation and adaptation to climate change in Latin America and the Caribbean.

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Caribbean Development Bank Supports CARICOM Climate Change Strategy [viewed]

13 October 2011: The Caribbean Development Bank's (CDB) Board of Directors approved, on 13 October 2011, a US$470,000 grant to the Caribbean Community Climate Change Centre (CCCCC) to help it coordinate the Caribbean Community's (CARICOM) climate change strategy and implementation plan.

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CDM Biogas Project in Nepal Awarded CERs [viewed]

World Bank13 October 2011: The World Bank's Nepal Biogas Program has successfully generated 92,000 Certified Emission Reductions (CERs) from biogas projects, with added benefits in terms of social development and health.

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South American Officials Stress Role of Forests in Combating Climate Change [viewed]

6 October 2011: Directors and high-level officials of the forests services of South American countries have agreed on the need for common and regional approaches to the challenges facing the continent's forests, in particular climate change.

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Call Issued for Civil Society Organization Observers to the CIFs [viewed]

October 2011: The organization RESOLVE has published a call for applications for non-profit Civil Society Organization (CSO) Observers to the Climate Investment Funds (CIFs), to serve for a two-year term, beginning in January 2012.

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WRI, UNEP Release Paper on Climate Regime Design [viewed]

24 October 2011: The World Resources Institute (WRI) and the UN Environment Programme (UNEP), with the support of the Government of Ireland, have released a working paper titled “Building the Climate Regime: Survey and Analysis of Approaches.” The paper outlines various options put forward by governments, NGOs and academics for designing a climate regime capable of delivering adequate mitigation action.

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