Finance

EU Formally Indicates Support for Copenhagen Accord [viewed]

28 January 2010: Through a joint letter to the UNFCCC, the Spanish Presidency of the Council of Ministers of the EU and the European Commission have formally indicated the support of the EU and its 27 member States for the Copenhagen Accord. 

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World Economic Forum Discusses Low-Carbon Economic Growth [viewed]

28 January 2010: The World Economic Forum Annual Meeting, which is being held in Davos-Klosters, Switzerland, from 27-31 January 2010, under the theme "Improve the State of the World: Rethink, Redesign, Rebuild," features several sessions devoted to exploring climate change and low-carbon economic growth issues.

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African Union Commission President Satisfied With Copenhagen Financing [viewed]

28 January 2010: Speaking at the opening of the 16th Ordinary Session of the Executive Council of the African Union (AU), which took place from 28- 29 January 2010, in Addis Ababa, Ethiopia, Jean Ping, President of the AU Commission, highlighted that necessary financing to support climate change adaptation in Africa was identified at the UN Copenhagen Climate Change Conference, as a result of the common position presented by African countries at the meeting.

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ILRI, Equity Bank and UAP Insurance Launch Project to Insure Livestock Against Drought [viewed]

27 January 2010: The International Livestock Research Institute (ILRI), a member of the Consultative Group on International Agricultural Research (CGIAR), has joined with Equity Bank and UAP Insurance to offer index-based insurance to rural herders in arid areas of Northern Kenya.

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ADB and Japan Fund Climate Change Institutions in Bhutan [viewed]

25 January 2010: The Asian Development Bank (ADB) has announced that it will provide a US$0.7 million grant, financed by the Government of Japan, to build the capacity of Bhutan's National Environment Commission for developing mitigation and adaptation measures that can counter climate change.

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IPCC Releases Statement on Trends in Disaster Losses [viewed]

25 January 2010: The Intergovernmental Panel on Climate Change (IPCC) has released a statement on trends in disaster losses.

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BASIC Group Ministers Call for Additional Meetings Before Mexico [viewed]

24 January 2010: The second meeting of Ministers of the four BASIC (Brazil, South Africa, India and China) Group countries took place in New Delhi, India, on 24 January 2010. In a joint statement issued at the conclusion of the meeting, the Ministers re-emphasized their commitment to working together with all other countries to ensure an agreed outcome at the 16th session of the Conference of the Parties to the UNFCCC (COP 16), which will take place in Mexico at the end of 2010.

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World Bank Launches Green Bonds for Japanese Investors to Finance Low-Carbon Projects [viewed]

18 January  2010: The World Bank and Daiwa Securities Group announced the issuance of green bonds to support projects for low-carbon development, designed specifically for investors in Japan.

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ADB Funds Adaptation in Viet Nam [viewed]

13 January 2010: The Asian Development Bank (ADB) and the Government of Australia will provide funding for a project to support adaptation in Viet Nam's low-lying Mekong Delta region.

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Climate Investment Funds Extend Deadline to Express Interest in Forest Pilot Projects [viewed]

January 2010: The Climate Investment Funds (CIF) have announced the extension of a deadline to submit expressions of interest to participate in the first projects to be funded by the Forest Investment Programs (FIP).

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