Finance

UNEP and Standard Bank Announce Launch of The Africa Carbon Asset Development Facility [viewed]

© UNEP22 October 2009: The UN Environment Programme (UNEP) and Standard Bank announced the launch of The Africa Carbon Asset Development (ACAD) Facility at the UNEP Finance Initiative Global Roundtable, which is part of the “Green Week” activities in Cape Town, South Africa.

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UNEP Finance Initiative Convenes 2009 Global Roundtable [viewed]

22 October 2009: The UN Environment Programme Finance Initiative (UNEP FI) is convening its 2009 Global Roundtable in Cape Town, South Africa, from 22-23 October 2009. The purpose of the meeting is to explore ways towards achieving sustainable financial markets and economies.

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European Ministers Refine Negotiating Mandate for Copenhagen [viewed]

© Swedish Presidency of the EU21 October 2009: The environment ministers of the European Union (EU) agreed on their negotiating position for Copenhagen during a Council meeting held in Luxembourg on 21 October 2009. European finance ministers, who met during a Council meeting held in Luxembourg on 20 October 2009, were not able to agree on climate financing.

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Governing Body Selected for Forest Investment Program [viewed]

© The World Bank20 October 2009: The World Bank has announced the results of the regional self-selection process for member States in the governing body of the Forest Investment Program (FIP). Six developing countries (Brazil, the Democratic Republic of Congo, India, Morocco, Nepal and Romania) will join five contributor countries (Australia, Denmark, Norway, the United Kingdom and the United States) on the FIP Trust Fund Sub-Committee, which is the governing body of the FIP. The Sub-Committee will hold its first meeting on 29 October 2009, in Washington, DC, US.

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UNDP and IDB Host High-Level Meeting for Latin American Officials to Discuss Climate Financing Options [viewed]

© UNDP19 October 2009: The UN Development Programme (UNDP), jointly with the Inter-American Development Bank (IDB), organized a two-day meeting in Rio de Janeiro, Brazil, that gathered more than 60 of Latin America and the Caribbean's high-level finance and environment governmental officials, along with representatives from the private sector and international organizations, to explore options for long-term climate investments.

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India Hosting Climate Change-related Meetings [viewed]

© UN DESA19 October 2009: The Government of India is hosting a number of bilateral and multilateral meetings related to climate change in the coming week.

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Third GEF-5 Replenishment Meeting Discusses Allocations for Focal Areas [viewed]

© GEF15 October 2009: The third meeting of participants for the fifth Global Environment Facility (GEF-5) Replenishment convened at the World Bank office in Paris, France, from 14-15 October 2009.

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World Bank Funds Energy Efficiency and Renewables in Rwanda [viewed]

© World Bank15 October 2009: The World Bank has approved an International Development Agency (IDA) grant for US$4.5 million equivalent, to improve the policy and institutional framework of the renewable energy and energy efficiency sub-sectors and to increase private sector participation in the renewable energy sector in Rwanda.

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European and African Leaders Discuss Copenhagen Agenda [viewed]

14 October 2009: In the framework of the Africa-European Union (EU) dialogue, African and EU leaders addressed the “climate change agenda” during the 13th Ministerial Meeting of African and EU Troikas, which convened in Addis Ababa on 14 October 2009.

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Forest Carbon Partnership Facility Visits Amerindian Communities in Guyana to Discuss REDD [viewed]

© World Bank13 October 2009: Government, civil society and donor representatives met with 16 Amerindian communities in Guyana on a multi-stakeholder visit requested by the Global Forest Carbon Partnership Facility (FCPF) Participants Committee, to approve a preparation grant for Guyana aimed at financing the REDD design phase.

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