Finance

UN Secretary-General to Focus on Climate Change During Trip to China and Mongolia [viewed]

20 July 2009: The UN Secretary-General is scheduled to travel to China on 24 July 2009, where he will meet with Chinese President Hu Jintao, Premier Wen Jiabao, Foreign Minister Yang Jiechi and other Chinese officials in Beijing, and participate in a number of climate change-related programmes, including a “Green Light” event focusing on energy efficient technologies.

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IPCC Chair at UN Press Conference: G8 Leaders Did Not Take IPCC Recommendations into Account [viewed]

© IPCC20 July 2009: During a press conference held at UN Headquarters in New York, US, Rajendra Pachauri, Chair of the Intergovernmental Panel on Climate Change (IPCC), said he was encouraged by the climate pledges made by G8 leaders at their recent meeting in L'Aquila, Italy, but expressed his concern that their general commitments fell short of what was required by science.

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GEF Replenishment Meeting Addresses Climate Change Programming Strategy [viewed]

© GEF16 July 2009: The Global Environment Facility's (GEF) second meeting for the fifth replenishment of resources (GEF 5) addressed several issues that will guide GEF 5, including a strategy to enhance engagement with the private sector, a corporate programmes strategy, and a results-based management framework.

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Press Conference on Climate Talks at G8 Summit Held at UN Headquarters [viewed]

15 July 2009: At a press conference on the results of the recent meeting of the Group of Eight (G8) and the Major Economies Forum (MEF), which took place in Italy, Janos Pasztor, Director of the UN Secretary-General's Climate Change Support Team, underscored that countries still had some “formidable differences” to bridge in order to “seal a deal” in Copenhagen in December. Among the key outcomes of these meetings, he referred to: the two degrees Celsius target endorsed by the leaders attending; the agreement to establish a global partnership to drive transformational low-carbon, climate-friendly technologies; the promise to increase dramatically the necessary investments in research and development; and the consideration of establishing a “Green Fund.”

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UN Secretary-General Calls for the Non-Aligned Movement's Support to Move Toward a Greener Economy [viewed]

© NAM15 July 2009: In a speech to the High-Level Segment of the 15th Non-Aligned Movement Summit, which took place in Sharm el-Sheikh, Egypt, from 15-16 July 2009, UN Secretary-General Ban Ki-moon stated that, just as when the Non-Aligned Movement was founded, the world today faces complex crises threatening development and security. He pointed to the severe economic and financial crisis, and the effort to “Seal the Deal” on climate change in Copenhagen later this year.

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World Bank Carbon Finance Unit Responds to Civil Society [viewed]

© World Bank14 July 2009: Joëlle Chassard, Manager of the World Bank's Carbon Finance Unit, engaged in an online chat with people from all over the world, responding to queries related to the Bank's work on carbon finance on issues ranging from deforestation to financing clean energy for the poor.

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Five Top UN Officials Urge World Leaders to “Seal the Deal” in Copenhagen [viewed]

© UN14 July 2009: Five top UN officials have added their names to an online petition urging world leaders to “Seal the Deal” on an ambitious new climate change agreement at the 15th session of the Conference of the Parties to the UNFCCC (COP 15) in Copenhagen, Denmark, this December.

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IPCC Chair Addresses AR5 Scoping Meeting [viewed]

13 July 2009: In an speech delivered at the opening ceremony of the Scoping Meeting for the Fifth Assessment Report (AR5) of the Intergovernmental Panel on Climate Change (IPCC), which is taking place in Venice, Italy, from 13-17 July 2009, IPCC Chair Rajendra Pachauri said one could believe that “the finest hour of the IPCC came and went in 2007 and 2008, particularly with the award of the Nobel Peace Prize in 2007” and the release of the Fourth Assessment Report, but he said “the finest hour is yet to come.”

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Ozone Secretariat's Bi-annual Newsletter Addresses Climate Change Issues [viewed]

© Ozone SecretariatJuly 2009: The Ozone Secretariat has released the July 2009 edition of its bi-annual newsletter titled “Centrum.” The issue features climate change related articles on: hydrochlorofluorocarbons (HCFCs) and hydrofluorocarbons (HFCs); synergies among the ozone layer, climate change and biodiversity; a workshop on capacity building for African negotiators on climate change; potential synergies for ozone and climate protection at the national level; and the Chicago Climate Exchange and credit for ozone depleting substances (ODS) destruction.

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UNEP Report on Green Investments Wins Asset Managers Support [viewed]

14 July 2009: The UN Environment Programme Finance Initiative (UNEP FI) Asset Management Working Group, a partnership between UNEP and over 180 financial institutions worldwide, has released a report titled “Fiduciary Responsibility - Legal and Practical Aspects of Integrating Environmental, Social and Governance Issues into Institutional Investment.” The Group of 180 asset managers represents approximately US$2 trillion in assets under management and argue that integrating environmental, social and governance (ESG) considerations into investment decisions is no longer a luxury, but a legal responsibility.

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