Finance

Silva Mediterranea Newsletter Highlights PES and REDD Activities [viewed]

FAO21 September 2011: Silva Mediterranea, a statutory body of the UN Food and Agriculture Organization (FAO) that works on forest issues in the Mediterranean region, has released the September 2011 issue of its newsletter, which reports on recent forest-related activities within the Mediterranean region, including a regional conference on payments of ecosystem services (PES) and a project on REDD+ (reducing emissions from deforestation and forest degradation, conservation, sustainable management of forests and enhancement of carbon stocks).

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IEA Publishes Technology Roadmap for Industrial CCS Applications [viewed]

International Energy Agency (IEA)20 September 2011: The International Energy Agency (IEA) has published a report titled “Technology Roadmap – Carbon Capture and Storage in Industrial Applications,” which indicates that carbon capture and storage (CCS) could potentially reduce carbon dioxide emissions from industrial applications by four gigatons by 2050.

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UNFCCC Executive Secretary Outlines Key Issues for Durban [viewed]

Christiana Figueres, UNFCCC Executive Secretary19 September 2011: During a press briefing held in New York, US, UNFCCC Executive Secretary Christiana Figueres discussed her expectations for the 17th session of the Conference of the Parties (COP 17) to the UNFCCC, which will take place at the end of 2011 in Durban, South Africa, and underscored the significance of high-level consultations in New York, during the UN General Assembly (UNGA).

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UNFCCC Joins Caring for Climate [viewed]

19 September 2011: The UNFCCC Secretariat has signed an agreement with the UN Global Compact and the UN Environment Porgramme (UNEP) to join the "Caring for Climate" initiative, which aims to advance the role of business in addressing climate change. 

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African Energy Ministers Conference Adopts Johannesburg Declaration [viewed]

African Union (AU)16 September 2011: African Energy Ministers convened for a two-day conference titled “Road to Durban: Promoting Sustainable Energy Access in Africa,” to develop and agree on priorities for sustainably developing Africa's energy sector. Concluding with the adoption of the Johannesburg Declaration, the Ministers lamented that climate change threatens to reverse the developmental gains that have been achieved in recent years.

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IDB Finances Public Transport Infrastructure in Colombian Cities [viewed]

IDB15 September 2011: The Inter-American Development Bank (IDB) has approved US$320 million in loans to Colombia for the development of public transport system in four cities, focusing on improving public transport and shortening circulation times of public vehicles, thus cutting greenhouse gas (GHG) emissions, expected to benefit 800,000 passengers daily.

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WFP-Led Public-Private Partnership Expands Rural Resilience Initiative to Senegal [viewed]

19 September 2011: The World Food Programme (WFP) and Oxfam America have committed to expanding their R4 Rural Resilience initiative, with support from the US Agency for International Development (USAID) and Swiss RE, from Ethiopia to Senegal over the next five years.

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MDG Gap Task Force Releases 2011 Report [viewed]

16 September 2011: The UN Secretary-General has launched the annual report prepared by the Millennium Development Goals (MDG) Gap Task Force, titled "The Global Partnership for Development: Time to Deliver." This report assesses the current state of the global partnership to meet the MDGs, and includes a section on access to technology and funding to address climate change.

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World Bank, GEF Fund Kiribati's Adaptation Programme [viewed]

15 September 2011: The World Bank has approved the third phase of the Kiribati Adaptation Program (KAP III), a project that will invest US$10.8 million to improve the resilience of Kiribati to the impacts of climate change on freshwater supply and coastal infrastructure.

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IFC's Post-2012 Carbon Facility Shows Private Sector Interest in Carbon Markets [viewed]

September 2011: The International Finance Corporation (IFC), part of the World Bank Group, reached full subscription of over US$200 million for its Post-2012 Carbon Facility, helping secure what is expected to be at least US$2 billion in low carbon growth across the developing world despite uncertain carbon market conditions.

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