Finance

EU/AU Commissions Discuss Climate, Biodiversity and UNCSD [viewed]

1 June 2011: The fifth College-to-College meeting of the European Commission and the African Union (AU) Commission was held on 31 May-1 June 2011, in Brussels, Belgium, to develop shared policy agendas. During the meeting, participants discussed ways to enhance cooperation both on short-term challenges and on the long-term structural changes, such as green growth, climate change and biodiversity.

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World Bank Supports Design of Carbon Market Instruments in Eight Developing Countries [viewed]

1 June 2011: The World Bank announced that eight developing countries will receive an initial grant of US$350,000 to support the design, pilot and implementation of market-based instruments for greenhouse gas (GHG) mitigation.

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World Bank Partners with C40 Cities Climate Leadership Group [viewed]

1 June 2011: The World Bank and the C40 Cities Climate Leadership Group (C40), a group of large cities committed to addressing climate change, have partnered to accelerate current action by cities aimed at reducing greenhouse gas (GHG) emissions and improving their resilience to climate change.

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UNFCCC Executive Secretary Discusses Carbon and Climate Finance [viewed]

1 June 2011: In her keynote address to the Carbon Expo 2011 roundtable titled "From carbon finance to climate finance - Are we getting there?" in Barcelona, Spain, Christiana Figueres, UNFCCC Executive Secretary, discussed carbon and climate finance, and the relationship between the two.

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World Bank, GEF Fund Adaptation in Sao Tome and Principe [viewed]

31 May 2011: The World Bank Board has approved a Global Environment Facility (GEF) grant of US$4.1 million to support São Tomé and Principe in increasing its adaptive capacity to the adverse impacts of climate variability and change.

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Second Africa-India Forum Highlights Importance of Second Commitment Period [viewed]

26 May 2011: The Second Africa-India Forum, which took place from 24-25 May 2011, in Addis Ababa, Ethiopia, concluded with the adoption of the Addis Ababa Declaration, in which the African Union (AU) and India underscore the importance of agreeing on a second committment period under the Kyoto Protocol as an indispensable step to preserve the integrity of the international climate change regime, while stressing the importance of the Bali Action Plan and operationalizing the Cancun Agreements.

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World Bank Launches Report on State and Trends of the Carbon Market 2011 [viewed]

1 June 2011: During the Carbon Expo taking place in Barcelona, Spain, the World Bank released the 2011 edition of its State and Trends of the Carbon Market Report, which indicates a slight decline in carbon markets compared to 2009.

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UNFCCC Releases Views on the Elaboration of Market-based Mechanisms [viewed]

1 June 2011: The UNFCCC Secretariat has published an addendum (FCCC/AWGLCA/2011/MISC.2/Add.3) consisting of a submission by the Republic of Korea on views on the elaboration of market-based mechanisms, which will be considered at the second part of the 14th session of the Ad Hoc Working Group on Long-term Cooperative Action under the Convention (AWG-LCA).

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CBD Publishes Technical Study on REDD and Biodiversity [viewed]

1 June 2011: The Secretariat of the Convention on Biological Diversity (CBD) has released a study that provides scientific and technical information on ways to ensure that the design and implementation of policies for REDD+ (reducing emissions from deforestation and forest degradation  in developing countries, as well as conservation, sustainable management of forests and enhancement of carbon stocks) support the objectives of the CBD.

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UNDP, GEF Launch Sustainable Forest Management Project in Cambodia [viewed]

30 May 2011: The UN Development Programme (UNDP) and the Global Environment Facility (GEF) launched a sustainable forest management project in Cambodia, which aims to promote forest conservation, benefit the rural poor, and contribute to climate change mitigation.

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