Finance

G-20 Continues Discussion of Fossil Fuel Subsidies [viewed]

5 June 2010: The Meeting of Finance Ministers of major advanced and emerging economies and Central Bank Governors (G-20), which convened in Busan, Republic of Korea, on 5 June 2010, welcomed the strategies and timetables provided by many G-20 members for rationalizing and phasing out inefficient fossil fuel subsidies that encourage wasteful consumption.

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World Bank Approves Financing for Chillers Replacement [viewed]

3 June 2010: The World Bank approved a bundle of financial instruments for a project called the “Chillers Energy Efficiency Project,” which will replace around 375 chillers in the Philippines with more climate-friendly technologies.

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UNEP Releases Report on Ecosystem Restoration [viewed]

3 June 2010: The UN Environment Programme (UNEP) has released a new report titled "Dead Planet, Living Planet: Biodiversity and Ecosystem Restoration for Sustainable Development." The report highlights that the repair of forests, lakes and other types of nature reserves that have been damaged or depleted can generate wealth, create jobs, sequester carbon and alleviate poverty.

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FAO Releases Report on Forests and Climate Change After Copenhagen [viewed]

May 2010: The Food and Agriculture Organization of the UN (FAO) and RECOFTC-Center for People and Forests have released a report on perspectives for Asia-Pacific with regard to forests and climate change following the 15th session of the Conference of the Parties to the UNFCCC (COP 15), which took place in Copenhagen, Denmark, in December 2009.

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World Bank Responds to Civil Society on Financing Fossil Fuels and Adaptation [viewed]

27 May 2010: Kseniya Lvovsky, the World Bank's Climate Change Team Manager, responded online to questions by civil society on the World Bank's strategy for climate change, including on the Bank's approach to fossil fuel financing and the availability of funds for adaptation.

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World Bank Finances Green Energy in Kenya [viewed]

27 May 2010: The World Bank has approved a US$330 million loan for Kenya to expand electricity access and expand geothermal power generation as part of its green energy development strategy.

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World Bank Approves First Climate Change Development Policy Loan [viewed]

25 May 2010: The World Bank approved its first development policy loan dedicated to climate change mitigation and adaptation, in Indonesia.

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World Bank Publishes Climate, Finance and Development Briefs [viewed]

May 2010: The World Bank has published the first in a series of Issue Briefs on the topics of Climate, Finance and Development, addressing how to monitor official development assistance (ODA) flows for climate finance and how to enhance the effectiveness of public finance for climate action.

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Event: Agriculture and Rural Development Day 2010 [viewed]

Agriculture and Rural Development Day (ARDD) will convene in conjunction with the Cancun Climate Change Conference. The day will be hosted by the Consultative Group on International Agricultural Research (CGIAR), the Global Donor Platform for Rural Development, the CGIAR Challenge Program on Climate Change, Agriculture and Food Security (CCAFS), and the Ministry of Agriculture, Livestock, Rural Development, Fisheries and Food of Mexico.  

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Committee for Development Policy: 12th Session Report Released [viewed]

May 2010: The UN Secretariat has released the report of the 12th session of the Committee for Development Policy (E/2010/33), which took place from 22-26 March 2010, in New York, US.

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