Finance

AfDB, Denmark Establish Sustainable Energy Fund for Africa [viewed]

15 July 2011: The African Development Bank (AfDB) and the Government of Denmark have entered into a technical cooperation agreement to establish a sustainable energy fund for Africa (SEFA). With a budget of US$57 million, the SEFA's objective is to provide technical capacity building and capital for investment to support sustainable energy provision for small and medium enterprises (SMEs) in Africa over a five-year period.

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PIFS, SPREP Coordinate "Writeshop" for Renewables and Desalination Projects [viewed]

14 July 2011:  The Pacific Islands Forum Secretariat (PIFS) and the Secretariat of the Pacific Regional Environment Programme (SPREP) coordinated a "writeshop" that aimed to help over 40 participants prepare proposals for the Pacific Environment Community (PEC) Fund and the Pacific Islands Greenhouse Gas Abatement through Renewable Energy Project (PIGGAREP).

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Green Climate Fund Transitional Committee Agrees on Work Plan [viewed]

UNFCCC14 July 2011: The second meeting of the Transitional Committee for the design of the Green Climate Fund (GCF) discussed the main objectives for the Fund, how it should be governed and how it could most effectively raise and deliver climate finance to developing countries.

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World Bank's Biocarbon Fund and Partners Develop REDD Methodology [viewed]

World Bank14 July 2011: The World Bank's BioCarbon Fund, the Brazilian NGO Fundação Amazonas Sustentável (FAS), with the technical support of Carbon Decision International (CDI), the Institute for Conservation and the Sustainable Development of Amazonas (Idesam), and with financial support from Marriott International, have jointly developed a methodology to allow projects in the voluntary market to calculate avoided emissions by reducing deforestation either on the edge (“frontier”) of large cleared areas, like agricultural zones, or in a patchwork (“mosaic”) within standing forests.

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IDB Finances Wind Power Farms in the Dominican Republic [viewed]

IDB13 July 2011: The Inter-American Development Bank (IDB) is promoting wind power energy in the Dominican Republic, through loans for a total of US$78.3 million for the construction of two wind farms that will add 80.6 megawatts to, and diversify, the national energy matrix.

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UNCSD Secretary-General Outlines Eight Priorities for UNCSD [viewed]

13 July 2011: Sha Zukang, Under-Secretary-General for Economic and Social Affairs and Secretary-General of the UN Conference on Sustainable Development (UNCSD, or Rio+20), summarized his recent speech in Washington, DC, US, in a new post to his blog. He elaborated on eight “new and emerging challenges” that States and other stakeholders have highlighted for priority attention. The challenges include energy access, green jobs, sustainable agriculture, marine resources and financing.

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ADB Supports Biomass Waste Project for Clean Energy [viewed]

11 July 2011: The Asian Development Bank (ADB) Board of Directors has approved a project for regional technical assistance that will assist the Greater Mekong Subregion to increase the efficient use of biomass waste in agriculture to meet the need for clean energy and food security of poor rural communities.

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CDM Executive Board Adopts Guidelines on Standardized Baselines [viewed]

UNFCCC15 July 2011: During its 62nd meeting, the Executive Board of the Clean Development Mechanism (CDM) adopted guidelines for the establishment of sector-specific standardized baselines and guidelines on suppressed demand, both of which are expected to enable low-greenhouse gas (GHG) emitting countries and countries currently under-represented in the CDM to benefit more from the mechanism.

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ICAO Journal Focuses on Aviation Market-based Measures [viewed]

15 July 2011: The latest issue of the International Civil Aviation Organization (ICAO) Journal contains a number of articles on aviation and climate change, including on: national mitigation action plans; mitigation financing; carbon regimes; the New Zealand model of emissions trading; and alternative fuels.

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UNEP Releases Report on Trends in Renewable Energy Investment [viewed]

7 July 2010: The UN Environment Programme (UNEP) has released a publication titled "Global Trends in Renewable Energy Investment 2011," prepared for UNEP by Bloomberg New Energy Finance. According to UNEP, investments in renewables reached US$211 billion globally in 2011.

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