Finance

World Bank Outlines Brazil's Opportunities for Low-Carbon Growth [viewed]

17 June 2010: The World Bank has released a study titled "Brazil Low-Carbon Country Case Study," which finds that this country could reduce its gross greenhouse gas (GHG)  emissions by up to 37% between 2010 and 2030, while maintaining the development goals set out by the government for that period, and without negatively affecting growth or jobs.

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Meeting of LDCs and AOSIS Climate Negotiators to be Convened [viewed]

15 June 2010: The EU has provided US$1.1 million to the Solomon Islands Government to host an international meeting of 200 climate change negotiators from Least Developed Countries (LDCs) and the Alliance of Small Island States (AOSIS) to discuss key climate change issues ahead of the 16th session of the Conference of the Parties to the UNFCCC, scheduled to take place in Cancun, Mexico, at the end of 2010.

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World Bank and CTF Support Wind Power in Egypt [viewed]

15 June 2010: The World Bank approved a US$220 million loan to support wind power development in Egypt, of which US$150 million is to be financed from the Clean Technology Fund (CTF).

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Bolivia Comments on AWG-LCA Advance Draft [viewed]

16 June 2010: During a press conference held at UN Headquarters in New York, US, Bolivian Ambassador Pablo Solόn strongly objected to the advance draft of a revised text to facilitate negotiations among parties produced by the Chair of the Ad Hoc Working Group on Long-term Cooperative Action under the UNFCCC (AWG-LCA) at its tenth session, held in Bonn, Germany, earlier in June.

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UN Regional Commissions Publish Report on Financing Climate Change Mitigation [viewed]

June 2010: The five UN regional commissions have released a report titled "Financing Global Climate Change Mitigation."

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EU Position Agreed Ahead of MDGs High-Level Event [viewed]

14 June 2010: The Foreign Affairs Council of the EU, which met in Luxembourg on 14 June 2010, has agreed on the EU position on the Millennium Development Goals (MDGs) ahead of the UN General Assembly High-Level Plenary Meeting scheduled to take place in New York, US, in September 2010. The position includes references to climate change and climate finance.

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EIB, European Commission to Explore Joint Climate Finance [viewed]

14 June 2010: European Climate Action Commissioner Connie Hedegaard and European Investment Bank (EIB) President Philippe Maystadt have agreed to explore a joint climate finance initiative for developing countries, combining European Commission and member States' grants with financing from the EIB and other European financial institutions to meet adaptation and mitigation challenges.

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UNECE Organizes Energy and Climate Meetings [viewed]

11 June 2010: The UN Economic Commission for Europe (UNECE) has hosted a series of energy and climate meetings at its headquarters in Geneva, Switzerland. The first meeting of the Group of Experts of the Global Energy Efficiency 21 (GEE21) Project convened on 10 June 2010. It was preceded by the 15th Session of the Ad Hoc Group of Experts on Energy Efficiency Investments for Climate Change Mitigation, on 9 June 2010, and followed by the 21th Session of the Steering Committee of the GEE21 Project, on 11 June.

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African Union and European Commissions Dialogue on Climate Policy [viewed]

8 June 2010: The fourth College-to-College Meeting between the African Union Commission (AUC) and the European Commission (EC) was held on 8 June 2010, in Addis Ababa, Ethiopia, to discuss the implementation of the Africa/EU Joint Strategy and its Plan of Action and address common challenges facing the two Commissions. The meeting adopted a Joint Declaration, containing a section on dialogue on climate policy.

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Bonn Climate Change Talks Make Limited Progress [viewed]

14 June 2010: The Bonn Climate Change Talks took place from 31 May-11 June 2010, in Bonn, Germany. The meeting included the 32nd sessions of the Subsidiary Bodies of the UNFCCC, the tenth session of the Ad Hoc Working Group on Long-term Cooperative Action under the Convention (AWG-LCA 10) and the 12th session of the Ad Hoc Working Group on Further Commitments for Annex I Parties under the Kyoto Protocol (AWG-KP 12).

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