Finance

UNFCCC Secretariat Releases Two AWG-LCA Documents on the Fulfilment of the Bali Action Plan [viewed]

17 March 2009: The UNFCCC Secretariat has released two documents on the Fulfilment of the Bali Action Plan and components of the agreed outcome (FCCC/AWGLCA /2009/ 4 (Part I and II)) prepared by the Chair of the Ad Hoc Working Group on Long-term Cooperative Action under the Convention (AWG-LCA) in response to a request from the AWG-LCA at its fourth session. The documents are aimed at focusing the negotiating process on the fulfilment of decision 1/CP.13 (the Bali Action Plan) and on the components of the agreed outcome to be adopted by the Conference of the Parties at its 15th session, by describing areas of convergence in the ideas and proposals of parties, exploring options for dealing with areas of divergence, and identifying gaps that might need to be filled by building upon the ideas and proposals of parties.

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UNFCCC Secretariat Releases Note by AWG-LCA4 Chair Containing Summary of Views [viewed]

UNFCCC Secretariat

17 March 2009: The UNFCCC Secretariat has released a note by the Chair of the fourth session of the Ad Hoc Working Group on Long-term Cooperative Action under the Convention (AWG-LCA4), which was held in Poznan, Poland, from 1-10 December 2008.

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UNFCCC Executive Secretary: Copenhagen Offers “Window of Opportunity” We Cannot Afford to Miss [viewed]

Yvo de Boer, UNFCCC Executive Secretary

17 March 2009: Speaking at “Carbon Market Insights 2009,” which is taking place from 17-19 March 2009, in Copenhagen, Denmark, Yvo de Boer, UNFCCC Executive Secretary, noted that, although carbon prices are projected to decrease in 2009 due to the financial crisis, the carbon market has not collapsed. He added that its future depends on “the level of ambition of industrialized countries.” Recognizing that the Poznan Climate Change Conference of December 2008 had not been marked by any major political outcomes, he noted that it made progress in a number of specific areas of work, including the operationalization of the Adaptation Fund, the streamlining and speeding up of the Clean Development Mechanism (CDM), and the full endorsement of an intensified negotiating schedule for 2009.

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EBRD Publishes Green Investment Scheme Manual and Model Agreement [viewed]

European Bank for Reconstruction and Development

March 2009: The European Bank for Reconstruction and Development (EBRD), with financing from the Government of the Netherlands, has published a Green Investment Scheme (GIS) Manual and Model Agreement.

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FAO Launches State of the World's Forests 2009 Report [viewed]

Increased attention to “green development” could provide a new direction to the development of the forest sector.

16 March 2009: The UN Food and Agriculture Organization (FAO) has launched the State of the World's Forests 2009. The report was released on the first day of the 19th session of the FAO Committee on Forestry (COFO), which is taking place from 16-20 March 2009, in Rome, Italy. The report notes that the economic crisis and climate change raise the profile of forest management on the global agenda, as demand for products and environmental services is expected to increase in the coming decades.

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UNFCCC Secretariat Releases Information for Participants to Bonn March/April Meetings [viewed]

UNFCCC Secretariat

16 March 2009: The UNFCCC Secretariat has released an information document for participants attending the upcoming seventh session of the Ad Hoc Working Group on Further Commitments for Annex I Parties under the Kyoto Protocol (AWG-KP7) and the fifth session of the Ad Hoc Working Group on Long-term Cooperative Action under the Convention (AWG-LCA5), which will be held from 29 March-8 April 2009, in Bonn, Germany.

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UNESCO Meeting Formulates Recommendations on Confronting Climate Change in the Arctic [viewed]

Confronting Climate Change in the Arctic

13 March 2009: The UN Educational, Scientific and Cultural Organization (UNESCO) held an international experts meeting on “Climate Change and Arctic Sustainable Development: scientific, social, cultural and educational challenges,” which convened from 3-6 March 2009, in Monaco. The meeting brought together experts in the social and natural sciences, ethics, education and international affairs who sought the local expertise of indigenous peoples in drafting a set of 66 recommendations for follow-up action.

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UN Secretary-General Calls on Wealthy Nations to Adopt “Green” Stimulus Packages [viewed]

UN Secretary-General Ban Ki-moon

13 March 2009: On the occasion of the 31st annual Lions Day at the UN, celebrated in New York, US, UN Secretary-General Ban Ki-moon explained that he will attend the G20 Summit in April in London, UK, where he would remind leaders of the developed world of the need to fulfill their promises to the most vulnerable people and for their stimulus packages to be “green” in order to help combat climate change by including investments in clean energy, renewable energy and energy efficiency.

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UN Deputy Secretary-General Calls for “Climate-Proofing” the MDGs [viewed]

UN Deputy Secretary-General Asha-Rose Migiro

11 March 2009: In a speech titled “Navigating the Shifting Sands of Globalization,” delivered at a conference convened jointly by the International Monetary Fund (IMF) and the Government of the United Republic of Tanzania, in Dar es Salaam, UN Deputy Secretary-General Asha-Rose Migiro underlined the need to acknowledge the gravity of the current challenges facing Africa, including climate change and the food and energy crises.

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ECLAC Presents Climate Change Reports [viewed]

ECLAC Presents Climate Change Reports

10 March 2009: The UN Economic Commission for Latin America and the Caribbean (ECLAC) has launched a report titled “Climate Change and Development in Latin America and the Caribbean: A Review.” The report was released during a seminar on “Climate Change: The Challenges for Growth in Chile and Latin America,” which took place on 11 March 2009, in Santiago, Chile. The report concludes that Latin America and the Caribbean may suffer more impacts of climate change than other regions because of the number of island States present in the region, low coastal areas and prevalence of hurricanes. Considering greenhouse gas emissions in the region are relatively low (11.7% of global emissions in 2000) the authors recommend authorities to focus on adaptation.

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