Finance

UN Global Compact Cities Programme Reports Progress [viewed]

May 2010: The UN Global Compact has scaled up efforts to advance its Cities Programme, which provides a model for approximately 40 cities around the world to develop innovative and sustainable solutions to long-term challenges based on the ten principles of the Global Compact, in the areas of human rights, labor, the environment and anti-corruption.

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CIF Announces Business Guide to the Climate Investment Funds [viewed]

June 2010: The Climate Investment Funds (CIF) have reported that the World Business Council for Sustainable Development (WBCSD) and Climate First have published online a "Business Guide to the Climate Investment Funds," which describes the different funding windows, as well as the role, structure and current status of the CIF.

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Event: High-Level Dialogue on Fostering Investment in Electricity Generation in Central and Eastern Europe and Central Asia [viewed]

Hosted by the UN Economic Commission for Europe (UNECE) Secretariat, the e8 organization and the World Energy Council, this meeting will discuss key issues and initial direction for the project ‘Fostering investment in advanced fossil fuel technologies for climate change mitigation and sustainable development in countries with economies in transition.' Panel discussions will include key issues such as market, technological and cost developments, selected investment trends, evolving regulation and possible future trends.  

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IEA Releases Brief on Benefits of Reducing Fossil Fuel Subsidies [viewed]

8 June 2010: Following the G-20 Finance Ministers and Central Governors' Meeting on 4-5 June 2010, in Busan, Republic of Korea, on the implementation of the G-20 Pittsburgh mandate to phase out inefficient fossil fuel subsidies, the International Energy Agency (IEA) has published a brief on fossil fuel subsidies based on data from 37 countries representing over 95% of global fossil fuel subsidization.

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UNFCCC Publishes Grenada Submissions [viewed]

2 June 2010: The UNFCCC Secretariat has published a submission (FCCC/CP/2010/3) from Grenada, on behalf of the Alliance of Small Island States (AOSIS), consisting of a proposed protocol to the Convention for adoption at the 16th session of the Conference of the Parties (COP 16), to take place in Cancun, Mexico, at the end of 2010.

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New Co-Chair Appointed for UN Advisory Group on Climate Change Financing [viewed]

6 June 2010: UN Secretary-General Ban Ki-moon has announced that Jens Stoltenberg, Prime Minister of Norway, has accepted his invitation to become, with immediate effect, the Co-Chair of the UN High-level Advisory Group on Climate Change Financing.

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G-20 Continues Discussion of Fossil Fuel Subsidies [viewed]

5 June 2010: The Meeting of Finance Ministers of major advanced and emerging economies and Central Bank Governors (G-20), which convened in Busan, Republic of Korea, on 5 June 2010, welcomed the strategies and timetables provided by many G-20 members for rationalizing and phasing out inefficient fossil fuel subsidies that encourage wasteful consumption.

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World Bank Approves Financing for Chillers Replacement [viewed]

3 June 2010: The World Bank approved a bundle of financial instruments for a project called the “Chillers Energy Efficiency Project,” which will replace around 375 chillers in the Philippines with more climate-friendly technologies.

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UNEP Releases Report on Ecosystem Restoration [viewed]

3 June 2010: The UN Environment Programme (UNEP) has released a new report titled "Dead Planet, Living Planet: Biodiversity and Ecosystem Restoration for Sustainable Development." The report highlights that the repair of forests, lakes and other types of nature reserves that have been damaged or depleted can generate wealth, create jobs, sequester carbon and alleviate poverty.

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FAO Releases Report on Forests and Climate Change After Copenhagen [viewed]

May 2010: The Food and Agriculture Organization of the UN (FAO) and RECOFTC-Center for People and Forests have released a report on perspectives for Asia-Pacific with regard to forests and climate change following the 15th session of the Conference of the Parties to the UNFCCC (COP 15), which took place in Copenhagen, Denmark, in December 2009.

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