Finance

UNGA General Debate Addresses Impacts of Climate Change, SIDS' Vulnerability [viewed]

26 September 2011: During the general debate of the 66th session of the UN General Assembly (UNGA), a number of speakers referred to the impacts of climate change, addressing, inter alia, the specific vulnerability of Small Island Developing States (SIDS), the prospects for the 17th session of the Conference of the Parties (COP 17) to the UN Framework Convention on Climate Change (UNFCC), and the impacts of climate change on food security and disasters.

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UNFCCC Executive Secretary Urges Business Leaders to Create a "Virtuous Circle" [viewed]

Christiana Figueres, UNFCCC Executive Secretary26 September 2011: Addressing the CEO Sustainability Forum in London, UK, UNFCCC Executive Secretary Christiana Figueres drew a comparison between the battles of Lord Nelson, a famous British Admiral, and that towards sustainability.

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World Bank Examines Barriers to CCS Deployment [viewed]

23 September 2011: The World Bank has published a report, titled "Carbon Capture and Storage (CCS) in Developing Countries: A Perspective on Barriers to Deployment," which assesses some of the most important barriers facing CCS deployment and assesses the economic and environmental impacts of potential CCS deployment in the power sector in the Balkan and Southern African regions, using a techno-economic model.

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EU, Switzerland Continue Negotiations on Linking their Emissions Trading Systems [viewed]

20 September 2011: The second round of negotiations between the EU and Switzerland on linking their carbon emissions trading systems was held on 20 September 2011, in Zurich, Switzerland. The negotiations seek to develop an agreement under which Switzerland and the EU would recognize each other's carbon emissions allowances.

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World Bank, IMF Analyze Impact of Economic Crisis on Development [viewed]

24 September 2011: The World Bank and International Monetary Fund (IMF) met in Washington DC, US, for the Annual Meeting of the Board of Governors and issued a Development Committee Communiqué noting that the turbulence in global financial markets, volatile commodity prices and pressures on food security pose critical challenges to the achievement of the Millennium Development Goals (MDGs).

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Suriname Calls for Operalization of Cancun Agreements [viewed]

23 September 2011: Speaking during the general debate of the 66th session of the UN General Assembly (UNGA), President of Suriname Desiré Delano Bouterse called on the international community to realize a speedy implementation of the Cancun agreements on the Special Climate Change Fund and the Adaptation Fund.

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West African Mayors Call for Increased Climate Action at the Local Level [viewed]

23 September 2011: The African Mayoral Conference on Climate Change-West African pre-COP 17 Congress concluded with the signing by over 80 mayors and chairmen of local governments of the African Mayors Climate Declaration. The event also served as a preparatory platform for West Africa's local authorities and their partners to prepare for the 17th session of the Conference of the Parties (COP 17) to the UN Framework Convention on Climate Change Conference (UNFCCC).

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EBRD Invests US$5 Million in Georgian Hydropower [viewed]

21 September 2011: The European Bank for Reconstruction and Development (EBRD) has announced plans to invest US$5 million in the Georgia Urban Energy LLC (GUE),  a subsidy of the Turkish Anadolu Group, to complete an 85 megawatt hydropower plant in Georgia.

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WTO Public Forum Discusses Eco-Innovation, Carbon Accounting and Green Growth [viewed]

21 September 2011: The World Trade Organization (WTO) Public Forum 2011 highlighted the relevance of food security for the trade and development agenda, as well as the need for eco-innovation and support for green growth.

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Asia Pacific Workshop Promotes Regional Distribution of CDM Projects [viewed]

7 September 2011: The Asian Development Bank (ADB) and the Institute for Global Environmental Strategies (IGES), in partnership with the UNFCCC Secretariat and the Government of Nepal, organized a workshop titled “Enhancing the Regional Distribution of Clean Development Mechanism (CDM) Projects in Asia and the Pacific.”

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