Finance

IDB Funds Access to Green Credit in Honduras [viewed]

IDB27 July 2011: The Inter-American Development Bank (IDB) has approved a US$30 million green line facility for Banco Atlántida of Honduras, to support its loans to environmentally-sustainable projects.

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IDB Joins Airplane Companies in Funding Research on Jet Biofuel from Sugarcane [viewed]

IDB27 July 2011: Boeing, Embraer and the Inter-American Development Bank (IDB) have announced they will jointly fund a sustainability analysis for renewable jet fuel production based on Brazilian sugarcane.

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Adaptation Fund Board Adopts Decisions on Private Donations and Operational Policies Templates [viewed]

Adaptation Fund21 July 2011: The Adaptation Fund Board has adopted two intersessional decisions, on facilitating private donations and on templates for operational policies and guidelines.

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Event: ADB Urban Forum 2011: Financing Future Cities [viewed]

The objectives of this forum include to: familiarize participants with the Asian Development Bank's (ADB's) Urban Operational Plan focusing on the urban environment, the urban economy and urban equity (the 3E agenda) and the products available to support its implementation; increase understanding of mechanisms available for financing green, competitive and inclusive cities; raise awareness of innovative practices in financing green, competitive and inclusive cities; and increase understanding between financiers and borrowers on opportunities and constraints to financing city/regional projects. Representatives from ministries of finance and urban development, mayors, financial and urban planners, financing agencies, contractors, infrastructure companies, and donors are expected to attend.  

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Event: Third Meeting of the Transitional Committee for the Design of the Green Climate Fund [viewed]

At its 16th session, the Conference of the Parties (COP) to the UNFCCC decided to establish a Green Climate Fund, with arrangements to be concluded between the COP and the Green Climate Fund to ensure that it is accountable to and functions under the guidance of the COP. The Green Climate Fund will support projects, programmes, policies and other activities in developing country Parties using thematic funding windows. The COP also decided that the Green Climate Fund shall be designed by a Transitional Committee, which comprises 40 members, with 15 members from developed country parties and 25 members from developing country parties, with members having the necessary experience and skills, notably in the area of finance and climate change. The Transitional Committee is to develop and recommend for approval to the COP at its 17th session to be held in Durban, South Africa, from 28 November to 9 December 2011, a number of operational documents for the Green Climate Fund.  

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UNFCCC Newsletter Reviews Efforts to Deliver on the Cancun Agreements [viewed]

28 July 2011: The UNFCCC Secretariat has published the July 2011 edition of its newsletter, which features a video message from Christiana Figueres, UNFCCC Executive Secretary, in which she takes stock of progress to deliver on the Cancun Agreements.

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UN-REDD Newsletter Highlights Participation at the Oslo REDD+ Exchange [viewed]

UNREDD Newsletter27 July 2011: The UN-REDD Programme has released the July 2011 issue of its newsletter, which highlights the UN-REDD Programme's participation in the Oslo REDD+ exchange, which took place from 23-24 June 2011, in Norway, focusing on matters related to REDD+ safeguards and policies addressing the underlying drivers of deforestation.  

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UNDP Assists Turkmenistan in Developing National Climate Change Strategy [viewed]

UNDP26 July 2011: The UN Development Programme (UNDP) and the Government of Turkmenistan have organized the Third Inter-ministerial Dialogue focusing on the Development of a National Strategy on Climate Change.

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World Bank Finances Geothermal Expansion in Indonesia [viewed]

World Bank26 July 2011: The World Bank has approved two loans to fund geothermal energy in Indonesia: a US$175 million loan from the International Bank for Reconstruction and Development (IBRD), and a US$125 million concessional loan from the Clean Technology Fund (CTF), on the basis of the project's positive impact on climate change.

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ASB Produces Policy Brief on Emissions Embodied in Trade and Land Use [viewed]

July 2011: The Alternatives to Slash and Burn Partnership for the Tropical Forest Margins (ASB) has released a policy brief titled "Emissions Embodied in Trade (EET) and Land Use in Tropical Forest Margins," which explores the role of commodities for export emerging from deforestation, forest degradation and agriculture.

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