Finance

Germany Announces 10 Million Euro Contribution to Adaptation Fund [viewed]

4 May 2010:  The Government of Germany has announced it will contribute 10 million Euros to the Kyoto Protocol's Adaptation Fund to support adaptation measures in developing countries that are particularly affected by climate change.

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ADB Supports Solar Photovoltaic Power Plant in Thailand [viewed]

3 May 2010: The Asian Development Bank (ADB) approved funding for a 73 MW solar power plant in central Thailand, which is likely to become one of the largest solar photovoltaic projects in the world.

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EIB Issues Climate Awareness Bonds [viewed]

30 April 2010: The European Investment Bank (EIB) and Daiwa Securities Group announced an issuance of Climate Awareness Bonds to finance the EIB's future lending projects in the fields of renewable energy and energy efficiency.

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Petersberg Climate Dialogue Gathers Environment and Climate Ministers [viewed]

4 May 2010: Germany and Mexico jointly hosted the Petersberg Climate Dialogue in Germany, from 2-4 May 2010, with a view to developing, in an informal framework, a political position in time for the next round of formal negotiations under the UNFCCC.

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AfDB Supports African Climate Change Institutions [viewed]

4 May 2010: The African Development Bank (AfDB) launched a project to support climate institutions in Africa from 2010-2012, for an estimated total of US$37 million.

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ADB Seminar Discusses Financing Climate Change in Asia and the Pacific [viewed]

2 May 2010: The Asian Development Bank (ADB) held a seminar on "Financing Climate Change and Sustainable Development Action in Asia and the Pacific" during its Annual Meeting, held in Tashkent, Uzbekistan, on 2-4 May 2010.

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Fourth GEF Assembly Documents Identify Climate Tipping Points [viewed]

May 2010: The Global Environment Facility (GEF) has published documents for the Fourth GEF Assembly, including a report of its Scientific and Technical Advisory Panel (STAP), which highlights that climate change is "even more dangerous than previously expected" and identifies a series of climate change tipping points (GEF/A.4/3).

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ADB Annual Meeting Launches Three-Gigawatt Solar Energy Initiative [viewed]

3 May 2010: The Asian Development Bank (ADB) announced a solar energy initiative to generate 3,000 megawatts of solar power over the next three years, with plans to invest US$2.25 billion and the potential to leverage an additional US$6.75 billion in co-financing.

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African FAO Meeting Highlights Implications of Climate Change on Food Security [viewed]

3 May 2010: The 26th Regional Conference for Africa of the UN Food and Agriculture Organization (FAO), which is being held in Luanda, Angola, from 3-7 May 2010, discussed a paper on "Climate change implications for food security and natural resources management in Africa."

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UNFCCC Publishes AWG-LCA Submissions [viewed]

30 April 2010: The Secretariat of the UN Framework Convention on Climate Change (UNFCCC) has published a document (FCCC/AWGLCA/2010/MISC.2) including additional views on which the Chair of the Ad Hoc Working Group on Long-term Cooperative Action (AWG-LCA) may draw on in preparing text to facilitate negotiations among parties. The document includes 18 submissions from parties.

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