Finance

UNGA Debates Green Economy [viewed]

2 June 2011: The UN General Assembly (UNGA) held an informal thematic debate on the topic “Green Economy: A Pathway to Sustainable Development,” including a morning panel on opportunities and challenges of a green economy, and an afternoon panel on transitioning toward green economy, as well as extensive discussion.

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Event: Fifth World Future Energy Summit [viewed]

The fifth World Future Energy Summit will take place from 16-19 January 2012, in Abu Dhabi, UAE. In 2012, WFES will concentrate on energy innovation in policy implementation, technology development, finance and investment approaches, and existing and upcoming projects. The Summit will seek to set the scene for future energy discussions in 2012 with leading international speakers from government, industry, academia and finance sharing insights, expertise and cutting edge advances in technology.  

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UNFCCC Workshop Discusses Implementation of the Technology Mechanism [viewed]

2 June 2011: The UNFCCC Workshop on Technology Needs Assessments (TNAs) convened in Bonn, Germany, from 1-2 June 2011. The workshop sought to: share good practices and lessons learned from non-Annex I parties' experiences in conducting TNAs; identify specific needs and practical actions to assist parties in implementing their results; and discuss the roles of TNAs in the context of the implementation of the Technology Mechanism as established at COP 16 in Decision 1/CP.16 (the Cancun Agreements).

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Republic of Korea Hosts First Korea-Pacific Islands Meeting [viewed]

2 June 2011: The first Korea-Pacific Islands Foreign Ministers' Meeting convened under the theme, "Vision and Action: Cooperation Across the Ocean," to discuss ways for the Republic of Korea to expand development cooperation to Pacific Island Countries (PICs), as well as how the participating countries can work together in addressing climate change. It concluded with the adoption of a joint statement comprising major achievements of the meeting.

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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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