Finance

Climate Change and Food Security in West and North Africa Conference Adopts Kuwait Declaration [viewed]

WMO18 November 2011: The International Conference on Adaptation to Climate Change and Food Security in West and North Africa addressed concerns over the sustainability of agriculture production systems in the region, noting the importance of agriculture for local livelihoods and the poor, as well as concerns over water scarcity.

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UNFCCC Launches Fast-Start Finance Online Portal [viewed]

UNFCCC18 November 2011: The UNFCCC Secretariat has launched a new online portal to enable governments, institutions and interested persons to access information on fast-start finance for responding to climate change. The portal aims to make more visible and transparent the financial support provided by developed countries to developing countries to help them reduce greenhouse gas (GHG) emissions and adapt to climate change.

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EBRD to Invest in Energy Efficient Wood Processing Plant in Russia [viewed]

EBRD17 November 2011: The European Bank for Reconstruction and Development (EBRD) announced it would finance the creation of the first Russian plant producing Oriented Strand Board (OSB), a type of wood panelling. 

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EBRD Invests in Energy Efficiency Projects in Bulgaria [viewed]

EBRD17 November 2011: The European Bank for Reconstruction and Development (EBRD) is investing in power sector restructuring and energy efficiency in Bulgaria.

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GEF Publishes Paper on Climate Resilient Development in Africa [viewed]

GEFNovember 2011: The Global Environment Facility (GEF) has released a publication on climate resilient development in Africa focused on three initiatives - the Sahel program, the Lake Chad Basin program, and the Congo Basin program - and which addresses environmental challenges surrounding Africa's three vital resources, namely land, water, and forests.

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UNFCCC Publishes Transitional Committee Report for Green Climate Fund [viewed]

UNFCCC18 November 2011: The UNFCCC Secretariat has published the report (FCCC/CP/2011/6) of the Transitional Committee (TC) for the design of the Green Climate Fund (GCF), which contains draft recommendations of the TC to the Conference of the Parties at its 17th session, including a draft governing instrument for the GCF.

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UNFCCC Publishes AWG-KP Scenario Note for Durban [viewed]

UNFCCC18 November 2011: The UNFCCC Secretariat has published the scenario note (FCCC/KP/AWG/2011/6) on the fourth part of the 16th session of the Ad Hoc Working Group on Further Commitments for Annex I Parties under the Kyoto Protocol, which will open on 29 November 2011, in Durban, South Africa. 

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UN Secretary-General: REDD+ No Substitute for Deep Emissions Cuts [viewed]

UN Secretary-General Ban Ki-moon (right) visits an indigenous community affected by deforestation in Borneo, Indonesia17 November 2011: Speaking at a news conference in Indonesia, UN Secretary-General Ban Ki-Moon stated that, while REDD+ (reducing emissions from deforestation and forest degradation in developing countries, as well as conservation, sustainable management of forests and enhancement of carbon stocks) is a win-win-win situation for local communities, Indonesia and the world, it is no substitute for deep greenhouse gas (GHG) emissions reductions in developed countries.

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World Bank Finances New Solar Power Plant in Morocco [viewed]

World Bank Finances New Solar Power Plant in Morocco 17 November 2011: The World Bank has approved US$297 million in loans to Morocco to help finance the Ouarzazate Concentrated Solar Power (CSP) Plant Project, a 500 megawatt (MW) solar complex that will be among the largest in the world.

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IDB Supports Wind Generation Expansion in Latin America [viewed]

IDB17 November 2011: The Inter-American Development Bank (IDB) has approved a US$150 million loan to expand wind energy generation in Latin America. The loan will support the construction of four wind farms, three in Brazil and one in Uruguay, expected to add 546 megawatts of wind energy capacity to the region by 2014. 

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