Finance

UN Security Council Debates Security Impacts of Climate Change [viewed]

20 July 2011: The UN Security Council held its second thematic debate on “Maintenance of international peace and security: the impact of climate change,” on 20 July 2011, in New York, US. Many delegates expressed concern that adverse effects of climate change could aggravate existing threats to international peace and security. While noting that the loss of territory in some States due to sea-level rise, particularly in small, low-lying island States, could have security implications, the Security Council could not agree that it had a role to play in this regard.

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WTO Establishes First Dispute Settlement Panel on Renewable Energy Subsidies [viewed]

20 July 2011: The World Trade Organization (WTO) Dispute Settlement Mechanism has established a Panel to arbitrate in the Japan vs. Canada case on measures applied to Canada's renewable energy sector.

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WTO Completes Third Review of Aid for Trade Initiative [viewed]

19 July 2011: The Third Global Review of the Aid for Trade Initiative, organized by the World Trade Organization (WTO), reviewed case stories on the results of the Aid for Trade Initiative in different regions and discussed indicators to measure the impact of the Aid for Trade initiative on economic growth, employment and poverty alleviation, as well as on gender empowerment and environmental sustainability.

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CCCCC Update Reports on Australia's Carbon Tax [viewed]

CCCCC19 July 2011: The Caribbean Community Climate Change Centre (CCCCC) has published the 12th issue of its Climate Change News Update, which reports on recent developments in European and Australian law related to climate change mitigation.

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GEF Approves Four REDD+ SFM Projects in New Funding Window for Forests [viewed]

19 July 2011: The Global Environment Facility (GEF) has approvoved the first four projects to access incentive funds available for sustainable forest management (SFM) and REDD+ (reducing emissions from deforestation and forest degradation in developing countries, as well as conservation, sustainable management of forests and enhancement of carbon stock) under the GEF Incentive Mechanism for Forests.

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World Bank Supports Armenia's Renewable Energy Programme [viewed]

World Bank19 July 2011: The World Bank is supporting Armenia in diversifying its energy matrix towards renewable sources, providing financing for small hydropower projects that also benefit from national incentives to supply renewable energy to the national grid.

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World Bank Hosts High-Level Event on Low Emissions Development [viewed]

World Bank13 July 2011: The World Bank invited senior policy makers and opinion leaders from around the world to a High-Level Dialogue on Low Emissions Development Policy Implementation. During the day-long event, speakers identified poverty and climate change are the two defining challenges of this century, warning against the risk of reversing any gains on poverty if climate change is not addressed.

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EBRD and IFC Support Renewable Energy Projects in Romania [viewed]

12 July 2011: In partnership with the International Finance Corporation (IFC), a member of the World Bank Group, the European Bank for Reconstruction and Development (EBRD) is supporting Romania's efforts to increase its renewable energy projects, by financing the operation of  a wind farm and investing in the modernization of the country's oldest hydropower plant.

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EIB Provides Financing Package for Smart Growth in Turkey [viewed]

4 July 2011: The European Investment Bank (EIB) has announced increased support for smart growth in Turkey with a EUR 445 million financing package for climate change and entrepreneurship, in support of the country's rail infrastructure, forest resources management, and small and medium enterprises (SMEs).

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Event: UN Private Sector Forum: Access to Energy For All [viewed]

This high-level forum is being organized by the UN Global Compact, UN-Energy and other UN Agencies, funds and programmes, and will focus on the theme of Sustainable Energy for All. The forum will bring together Heads of State attending the UN General Assembly and over 300 CEOs of leading companies in the sector. Hosted by UN Secretary-General Ban Ki-moon, the Private Sector Forum will feature high-level roundtable discussions among business, government, civil society and UN leaders. It is designed to maximize interaction, increase understanding of efforts underway, and generate a range of commitments to action around the Sustainable Energy for All goals.  

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