Finance

ADB Considers Revised Energy Policy to Incorporate Climate Change Challenges [viewed]

The Asian Development Bank's (ADB's)

9 February 2009: The Asian Development Bank's (ADB's) Board of Directors is currently reviewing an update to its Energy Policy, which guides the Bank's operations in the energy sector. 

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German Chancellor, OECD, WTO, ILO, IMF and World Bank Issue Joint Statement on the Global Economic Situation: Climate Change to Remain a Top Priority [viewed]

Joint statement by German Chancellor Angela Merkel and the heads of five international organizations, including the OECD, ILO, IMF, WTO and the World Bank

5 February 2009: After a meeting held on 5 February 2009, in Berlin, Germany,  German Chancellor Angela Merkel and the Heads of the Organisation for Economic Co-operation and Development (OECD), the World Trade Organization (WTO), the International Labour Organization (ILO), the International Monetary Fund (IMF) and the World Bank issued a joint statement on the global economic situation, in which they stress the need for the worldwide fight against climate change to remain “a top priority.”

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World Bank Funds Energy Efficiency in Moldova [viewed]

World Bank Approves US $10 Million in Additional Financing for Moldova's Energy II Project

29 January 2009: The World Bank approved a US$10 million credit for Moldova to scale-up heating supply and improve the efficiency of heating services in the country.

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IDB Funds Energy Efficiency in the Caribbean [viewed]

28 January 2009: The Inter-American Development Bank (IDB) recently approved three projects to support energy efficiency in the Caribbean. The Bahamas will receive US$1.45 million to strengthen the capacity of the Ministry of the Environment and support ongoing efforts to reform the country's regulatory, financial and fiscal frameworks, in order to achieve a sustainable energy matrix and to encourage energy efficiency in public, commercial and residential buildings.

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UNFCCC Secretariat Releases Submissions by Parties on Fulfillment of the Bali Action Plan [viewed]

6 February 2009: The UNFCCC Secretariat has posted reports by a number of parties on fulfillment of the Bali Action Plan and the components of the agreed outcome to be adopted by the Conference of Parties at its 15th session: Sri Lanka (6 February); Cuba (5 February); Lebanon (4 February) and Saudi Arabia (2 February).

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UNFCCC Notifies of AWG-KP 7 and AWG-LCA 5 [viewed]

UNFCCC Notifies of AWG-KP 7 and AWG-LCA 5

5 February 2009: The UNFCCC Secretariat has notified parties and observer States to the UNFCCC and its Kyoto Protocol, UN specialized agencies, intergovernmental organizations (IGOs) and non-governmental organizations (NGOs) of the forthcoming seventh session of the Ad Hoc Working Group on Further Commitments for Annex I Parties under the Kyoto Protocol (AWG-KP 7) and fifth session of the Ad Hoc Working Group on Long-term Cooperative Action under the Convention (AWG-LCA 5), which will take place in Bonn, Germany, from 29 March-8 April 2009. 

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UN Secretary-General and UNFCCC Executive Secretary Emphasize Accelerating Action on Climate Change in Statements at Delhi Sustainable Development Summit [viewed]

Secretary-General Ban Ki-moon received the Sustainable Development Leadership Award from H.E. Mr. Maumoon Abdul Gayoom

5 February 2009: During the 2009 Delhi Sustainable Development Summit, which is organized around the theme “Towards Copenhagen: an equitable and ethical approach” and is taking place from 5-7 February 2009, in New Delhi, India, UN Secretary-General Ban Ki-moon warned that ignoring or underestimating the threat of climate change would lead to increased poverty and hardship. Ban, who received the Sustainable Development Leadership Award at the Summit, underlined that tackling this challenge requires “all our leadership, all our commitment, all our ingenuity,” but that it also provides an “opportunity to make progress on a wide range of sustainable development issues.”

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Date and Venue for the Ninth Session of the AWG-KP and Seventh Session of the AWG-LCA Set [viewed]

February 2009: The UNFCCC Secretariat has reported that, following consultations with the Chair of the Ad Hoc Working Group on Further Commitments for Annex I Parties under the Kyoto Protocol (AWG-KP), Harald Dovland (Norway), and the Chair of the Ad Hoc Working Group on Long-term Cooperative Action under the Convention (AWG-LCA), Michael Zammit Cutajar (Malta), and taking into account guidance provided by the Subsidiary Body for Implementation, the ninth session of the AWG-KP and the seventh session of the AWG-LCA will take place at the UN Conference Centre of the UN Economic and Social Commission for Asia and the Pacific in Bangkok, Thailand, from 28 September-9 October 2009.

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World Bank's Climate Investment Funds Committee Identifies Recipient Countries for Adaptation Funds [viewed]

World Bank

30 January 2009: The Trust Fund Committees for the World Bank's Climate Investment Funds met on 27-30 January 2009, and identified which countries will be offered funding under the PPCR within the US$6 billion Climate Investment Funds. Bangladesh, Bolivia, Cambodia, Mozambique, Nepal, Niger, Tajikistan and Zambia have been invited to submit projects to the World Bank's Pilot Program for Climate Resilience (PPCR), which will provide about US$500 million for scaled up action and transformational change in integrating climate resilience in national development planning.

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ADB Funds Energy Efficiency Lighting in the Philippines [viewed]

ADB to Help Philippines Save $100 Million Yearly Fuel Cost by Using Energy-Efficient Lights

2 February 2009: The Asian Development Bank (ADB) approved a US$31.1 million loan for an energy-efficiency project in the Philippines that will provide 13 million energy-saving compact fluorescent lamps (CFL) to homeowners and businesses as part of a government push to save about US$100 million every year in fuel costs, and a deferral of an investment of US$450 million in power generation and associated network capacity. 

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