Finance

UNEP FI Highlights Insurance Industry's Role in Adaptation, Mitigation [viewed]

UN Environment Programme Finance Initiative (UNEP FI) 10 December 2008: At a side event held during the 14th session of the Conference of the Parties of the UNFCCC, in Poznan, Poland, members of the UN Environment Programme Finance Initiative (UNEP FI) discussed the role of insurers in developing innovative products to respond to the increasing number of weather-related disasters, to insure forests, and to smooth out uncertainties in renewable energy.

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Eritrea and Samoa Share Experiences with GEF-Administered LDCF [viewed]

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3 December 2008: At a side event held during the UN Climate Change Conference in Poznan, Poland, two least developed countries shared their experience in integrating climate change risks into various sectors, including agriculture and health through the Least Developed Countries Fund (LDCF).

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EIB Funds Mitigation Investments in India [viewed]

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2 December 2008: The European Investment Bank (EIB) has announced it will provide approximately EUR 100 million to the Export-Import Bank of India (EXIM Bank) to provide partial financing for investments that will contribute to the mitigation of climate change.

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UNEP Releases Report on Construction, Buildings and Climate [viewed]

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6 December 2008: The UN Environment Programme (UNEP)

released a report entitled “The Kyoto Protocol, the Clean Development

Mechanism, and the Building and Construction Sector,” suggesting that the Kyoto

Protocol's Clean Development Mechanism (CDM), which governs the main

international carbon market, should be revised to tap into the mitigation

potential of the building and construction industry.

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UNEP Risø Centre Launches “A Reformed CDM – Including New Mechanisms for Sustainable Development” [viewed]

8dec08risoe_logo_ 4 December 2008: At a side event to the 14th session of the Conference of the Parties to the UNFCCC, taking place in Poznan, Poland, the UN Environment Programme (UNEP) Risø Centre on Energy, Climate and Sustainable Development (URC) held a side event on “Perspectives on Future Directions and Capacity Development Needs.” The event was the occasion for the launch of a URC publication, “A Reformed CDM –including new Mechanisms for Sustainable Development,” which explores how to reform the Clean Development Mechanism (CDM) in a post-2012 climate regime.

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UN Officials Underscore the Importance of 2009 for Climate [viewed]

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4 December 2008: In a news conference held at UN Headquarters in New York US, Robert Orr, Assistant Secretary-General for Policy Coordination and Strategic Planning in the Executive Office of the UN Secretary-General, stated that 2009 will be a critical year for action on climate change. Also addressing the press conference, Janos Pasztor, Director of the UN Secretary-General's Climate Change Support Team, stressed that the Poznan meeting should lay out a “shared vision” that addresses what countries are willing to undertake in terms of long-term cooperation on climate change.

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Financing for Development Review Conference Expresses Concerns Over the Impact of Climate Change on Development [viewed]

4 December 2008: The International Conference on Financing for Development to Review the Implementation of the Monterrey Consensus, attended by 92 countries, expressed its “deep concern that the international community is now challenged by the severe impact on development of multiple, interrelated global crises and challenges,” highlighting increased food insecurity, volatile energy and commodity prices, climate change and a global financial crisis.

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UN Secretary-General Addresses Replenishment Conference for the Central Emergency Response Fund [viewed]

Office for the Coordination of Humanitarian Affairs 4 December 2008: In a message delivered at the High-level Conference on the Central Emergency Response Fund (CERF), organized by the Office for the Coordination of Humanitarian Affairs, in New York, US, UN Secretary-General Ban Ki-moon underlined the key role played by the Organization in terms of emergency assistance. He noted the importance of humanitarian disaster response for development, and stressed that the financial crisis, climate change and population growth are likely to increase demands for relief aid in the future.

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UNDP Sends Message from Doha to Poznan on Solutions to Financial, Climate and Poverty Crises [viewed]

UN Development Programme (UNDP) 3 December 2008: UN Development Programme (UNDP) Administrator Kemal Derviş commended the outcome document from the Financing for Development Conference held in Doha, Qatar, from 29 November to 2 December 2008, for endorsing the call of the UN Secretary-General to reaffirm international commitments to address poverty reduction and achieve the Millennium Development Goals by 2015. Derviş highlighted that Doha recognized the centrality of meeting developed countries' commitment to increase official development assistance to developing countries by 0.7% of GNP by 2015, as essential to resolve the financial, global poverty and climate change crises – or ‘triple crises.'

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UNEP Releases Report on Investment in Mitigation [viewed]

Investment and Financial Flows to Address Climate Change: An Update 3 December 2008: The UN Environment Programme (UNEP) has released an advance copy of “Public Finance Mechanisms to Mobilise Investment in Climate Change Mitigation.” UNEP's Division of Technology, Industry and Economics, under its Sustainable Energy Finance Initiative, commissioned the report as a contribution to the UNFCCC Secretariat Technical Paper “Investment and Financial Flows to Address Climate Change: An Update.”

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