Finance

World Bank Funded Project Registers First CDM Program of Activities in Africa [viewed]

26 July 2010: The World Bank has supported the launch of a Municipal Waste Compost Program in Uganda, the first African country to successfully register a Program of Activities (POA) under the Clean Development Mechanism (CDM) of the Kyoto Protocol.

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Fourth BASIC Meeting Focuses on Equity [viewed]

26 July 2010: The fourth Ministerial Coordination Meeting between Brazil, South Africa, India and China (BASIC) on the ongoing negotiations under the UNFCCC was held in Rio de Janeiro, Brazil, on 25-26 July 2010. The meeting was preceded by a meeting of experts on climate change (23-24 July) and a meeting of leading negotiators (24 July).

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African Leaders Prepare Common Position Ahead of Cancun [viewed]

24 July 2010: The Conference of African Heads of State and Government on Climate Change (CAHOSCC) convened in Kampala, Uganda, from 24-25 July 2010, on the margins of the 15th Ordinary Session of the African Union (AU) Summit.

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ECOSOC Considers Development Policy Recommendations, Holds SIDS Panel [viewed]

23 July 2010: The 2010 Substantive Session of the Economic and Social Council (ECOSOC) convened for its 43rd session in New York, US, from 28 June-23 July 2010. On 21 July, ECOSOC considered recommendations from its subsidiary bodies, including the Committee for Development Policy, which addressed policy coherence on the climate change agenda in relation to its financial architecture and to other development agendas.

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SPREP Launches Regional Climate Financing Study [viewed]

23 July 2010: The Secretariat of the Pacific Regional Environment Programme (SPREP) has launched a regional study on climate change financing with a view to establishing a regional climate change fund or similar mechanism to help Pacific island countries improve access to, and management of, financial resources committed globally to combat climate change.

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UNCTAD's World Investment Report 2010 Focuses on Low-Carbon Economy [viewed]

22 July 2010: The UN Conference on Trade and Development (UNCTAD) published its World Investment Report 2010, with a focus on "Investing in a Low Carbon Economy."

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World Bank, GEF Support Eco-City Project in China [viewed]

22 July 2010: The World Bank has approved a US$6.16 Global Environment Facility (GEF) grant to support the Sino-Singapore Eco-City Project (SSTECP) in Tianjin, China, an area of 34.2 square kilometers that is designed to become a model of energy and resource efficiency while maintaining economic viability and social harmony.

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World Bank President Visits Mexico, Signs Green Loans [viewed]

22 July 2010: World Bank president Robert B. Zoellick visited Mexico to sign two recently-approved ‘green loans' worth US$800 million and announce new Mexican participation in the Forest Investment Program (FIP).

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UNFCCC Executive Secretary Briefs Press on the Status of Climate Change Negotiations [viewed]

22 July 2010: Christiana Figueres, UNFCCC Executive Secretary, held a press conference in Bonn, Germany, on 22 July 2010, describing the status of the climate change negotiation process.

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GEF Publishes Brief on Financing for Sustainable Forest Management and REDD+ [viewed]

July 2010: The Global Environment Facility (GEF) has published a brief describing its investment programme for sustainable forest management (SFM) and reducing emissions from deforestation and forest degradation in developing countries, conservation, sustainable management of forests and enhancement of carbon stocks ( REDD+), as well as opportunities for funding of forest-related activities in the fifth GEF cycle (GEF-5).

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