Finance

G20 Cannes Summit Calls for Fossil Fuel Subsidy Phase-out and Successful Climate Negotiations [viewed]

G204 November 2011: The Group of 20 (G20) Leader's Summit in Cannes concluded with the adoption of a declaration that addresses energy markets, green growth, and climate change, among other issues. Leaders called for rationalizing and phasing-out perverse fossil fuel subsidies, and reiterated their committment to a successful outcome at the upcoming 17th session of the Conference of the Parties (COP 17) to the UN Framework Convention on Climate Change (UNFCCC), scheduled to take place in Durban, South Africa, at the end of the year.

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CIF Meeting Approves Support to Eight Countries to Address Climate Change [viewed]

4 November 2011: The Climate Investment Funds (CIF) approved US$1.08 billion in near-zero-interest loans and grants to support Bolivia, Honduras, India, Jamaica, Lao PDR, Mali, Mexico and Nepal in their efforts to mitigate and adapt to climate change.

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ADB Supports New Green Businesses in Coral Triangle Communities [viewed]

ADB3 November 2011: The Asian Development Bank (ADB) will assist coastal communities in remote areas of the Coral Triangle of Indonesia and the Philippines in starting small, green businesses that will help preserve threatened marine environments in the area.

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ADB Supports Cambodia's Floods Recovery [viewed]

ADB3 November 2011: The Asian Development Bank (ADB) is providing emergency humanitarian assistance of $3 million to the Cambodian Government for recovery efforts from recent floods. The grant from the Asia Pacific Disaster Response Fund will be used to supply rice seed to rural households, along with food and cash-for-work schemes for the repair of flood-damaged roads and support for temporary repairs to irrigation canals.

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Policy Update #10: Insanity, Death and Climate Change [viewed]

Insanity has famously been described as “doing the same thing over and over and expecting different results.” Does this maxim apply to the UN climate negotiations? If so, are those of us flying to Durban later this month about to join an exercise in mass madness?

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UNGA Second Committee Highlights Challenges of Climate Change and Desertification, Looks Ahead to Rio+20 [viewed]

3 November 2011: The Second Committee (Economic and Financial) of the UN General Assembly (UNGA) concluded its general discussion on sustainable development, with a number of speakers referring to the challenges of drought, desertification, climate change and land degradation. Delegates also looked ahead to the UN Conference on Sustainable Development (UNCSD, or Rio+20), expressing support and some reservations about the “green economy.”  

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Adaptation Fund Film Highlights Project to Address Coastal Erosion [viewed]

28 October 2011: The Adaptation Fund has posted a video of a project that combats coastal erosion in Senegal. 

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ILRI Documents Index-based Livestock Insurance for African Herders [viewed]

26 October 2011: The International Livestock Research Institute (ILRI) has released two short films on livestock insurance for Kenyan pastoralists.

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BASIC Ministers Outline Expectations Ahead of Durban [viewed]

1 November 2011: The ninth BASIC Ministerial Meeting on Climate Change concluded with a joint statement in which ministers agreed that the Durban Climate Change Conference should achieve a comprehensive, fair and balanced outcome to enable the full, effective and sustained implementation of the Convention and its Kyoto Protocol.

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UNFCCC Publishes Views on Materiality Standard Under the CDM [viewed]

1 November 2011: The UNFCCC Secretariat has published submissions by parties and observer organizations on the materiality standard under the Clean Development Mechanism (CDM) (FCCC/SBSTA/2011/MISC.13).

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