Finance

World Bank Announces First Large-Scale Forest CDM Project Registered in Africa [viewed]

3 March 2010: The World Bank has presented Africa's first large-scale forestry project to be registered under the Kyoto Protocol's Clean Development Mechanism (CDM). The announcement was made on the margins on the annual Africa Carbon Forum, which is taking place in Nairobi, Kenya, from 3-5 March 2010.

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UNFCCC Secretariat Releases First Issue of its Newsletter for 2010 [viewed]

2 March 2010: The UNFCCC Secretariat has released the first edition of its newsletter for 2010. The issue includes updates on topics discussed at the UN Climate Change Conference in Copenhagen and looks ahead to upcoming meetings and events.

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World Bank Launches Book on Ecosystem-based Approaches to Climate Change [viewed]

2 March 2010: The World Bank has launched a book titled "Convenient Solutions to an Inconvenient Truth: Ecosystem-based Approaches to Climate Change," which features examples of World Bank projects applying ecosystem-based approaches.

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EU Increases Funding to Neighboring Countries for Climate Projects [viewed]

2 March 2010: The EU has announced increased funding of up to EUR 2 billion, for the period 2011-2013, to reinforce political cooperation and promote economic integration between the EU and its neighbors. Funding will be used for, among other things, projects in the areas of climate change, transport, energy and environment.

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International Conference Agrees to Develop the Global Initiative on Community-Based Adaptation [viewed]

2 March 2010: The fourth International Conference on Community Based Adaptation (CBA) to Climate Change convened in Dar es Salaam, Tanzania, from 21-27 February 2010.

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IMF Managing Director Proposes Insurance for Low Income Countries Against Effects of Climate Change [viewed]

26 February 2010: Speaking at the Annual Meeting of the Bretton Woods Committee, held in Washington DC, US, on 26 February 2010, Dominique Strauss-Kahn, Managing Director of the International Monetary Fund (IMF), proposed to expand the IMF's role as a provider of insurance for low-income countries against global volatility and the effects of climate change.

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FAO Releases Booklet on AFOLU Carbon Finance Opportunities for Smallholders [viewed]

February 2010: The UN Food and Agriculture Organization (FAO) has released a booklet titled "Carbon Finance Possibilities for Agriculture, Forestry and Other Land Use (AFOLU) Projects in a Smallholder Context." The booklet aims to guide extension service advisors and institutions who work with small-scale farmers and foresters with an interest in carbon finance and carbon projects.

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UNEP's Governing Council/Global Ministerial Environment Forum Adopts Nusa Dua Declaration [viewed]

1 March 2010: Environment Ministers at the 11th Special Session of the Governing Council/Global Ministerial Environment Forum of the UN Environment Programme (UNEP), which was held from 24-26 February 2010, in Bali, Indonesia, adopted the Nusa Dua Declaration, in which they underscore the vital importance of biodiversity, the urgent need to combat climate change and the advantages gained from advancing towards a 'green economy.'

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Commonwealth Publication Suggests Discussing Climate Change at UN Conference on Least Developed Countries [viewed]

26 February 2010: The Commonwealth Secretariat published an article titled “Trade Hot Topics Issue #69: Fourth UN Conference on LDCs - What to Expect?” in preparation for the fourth UN Conference on the Least Developed Countries (UNLDC IV). The article highlights, inter alia, the impacts of climate change on LDCs.

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Summit on Latin American and Caribbean Unity Addresses Climate Change Negotiations [viewed]

25 February 2010: The Heads of State and government of Latin American and Caribbean countries gathered at the Unity Summit, comprising the 21st Summit of the Rio Group and the second Latin American and Caribbean Summit on Integration and Development. Leaders at the event, which took place in Riviera Maya, Mexico, on 23 February 2010, discussed,  among other things, prospects for the climate change negotiations.

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