Finance

European Council Prepares for Durban and Cannes [viewed]

23 October 2011: The European Council, gathering the Heads of State and government of the EU, has endorsed the EU position for the 17th session of the Conference of the Parties (COP 17) to the UN Framework Convention on Climate Change (UNFCCC), which will take place in Durban, South Africa, at the end of 2011, and for the upcoming G20 meeting in Cannes, France.

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Event: CIF PPCR Pilot Countries Meeting [viewed]

The Climate Investment Funds (CIF) Pilot Program on Climate Resilience (PPCR) will hold a meeting to review progress and tasks ahead in implementing PPCR. The pilot programs and projects implemented under the PPCR are country-led, build on National Adaptation Programs of Action (NAPA) and other relevant country studies and strategies, and include countries in Africa, Asia, Latin America, the Caribbean and the South Pacific.  

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Event: CIF FIP Pilot Countries Meeting [viewed]

The Climate Investment Funds (CIF) Forest Investment Program (FIP) will hold a meeting of its pilot countries to evaluate progress and work ahead in reaching its objective of reducing deforestation and forest degradation (REDD) and promoting sustainable forest management (SFM). Pilot countries participating in FIP are: Brazil, Burkina Faso, Democratic Republic of Congo, Ghana, Indonesia, Laos, Mexico and Peru.  

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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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