Finance

D8 Summit Agrees on Collaborative Efforts to Address Food and Energy Crises [viewed]

D-8 Leaders Set on Tackling Food Shortage and Fuel Price Hike 12

July 2008: The Sixth Summit of the Group of Eight Developing Islamic Countries

(D8), (7-8 July 2008, Kuala Lumpur, Malaysia) concluded

with the adoption of the “Kuala Lumpur Declaration on Meeting Global Challenges

through Innovative Cooperation,” which recognizes that the food and energy

crises pose a serious threat to socio-economic stability.

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ECOSOC Debates Implementation of the MDGs in the Context of Climate Change [viewed]

11 July 2008: Speaking during a Panel discussion on

“Implementation of the Millennium Development Goals (MDGs) in the context of

current challenges,” Kemal Dervis, Administrator of the UN Development

Programme (UNDP), noted that economic growth is threatened by shortages of

natural resources such as energy, water and atmosphere, and stressed that MDG 7

on environmental sustainability is an absolute key priority.

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World Bank signs first CDM Solid Waste Composting Project in Cairo [viewed]

Carbon_finance_unit

1 July 2008:The World Bank signed its first greenhouse gas emission

reductions purchase agreement in Egypt, for a municipal solid waste-composting

project. The facility will feature waste sorting for recovery of recyclables

and aerobic composting of organic waste, reducing the amount of methane and

other greenhouse gases emitted from the landfill site.

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ADB Establishes a US$100 Million post-2012 Carbon Fund [viewed]

Carbon_finance_initiative

8 July 2008: The Asian Development Bank

(ADB) has established a new fund to finance clean energy projects, in the

Asia-Pacific region, that generate carbon credits beyond 2012. “The new fund will provide an incentive

for the ADB's developing member countries to scale up energy efficiency and the

use of renewable energy sources that will contribute to both climate change

mitigation and enhanced energy security,” ADB Vice President Ursula

Schäfer-Preuss said.

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UN Secretary-General Urges G8 to Focus on Climate Change [viewed]

Ban_kimoonl

9

July 2008: In a series of statements and articles over the past two weeks, UN

Secretary-General Ban Ki-moon has emphasized the linkages between the food

crisis, climate change and the achievement of the Millennium Development Goals

(MDGs).

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UN Agencies Call on G8 to Increase Investment in Agriculture to Address the Global Food Crisis [viewed]

UN urges G-8 to boost investment in agriculture to reduce global hunger

8

July 2008: In a joint statement, the heads of the Food and Agriculture

Organization of the UN (FAO), the International Fund for Agricultural

Development (IFAD) and the World Food Programme (WFP) urged G8 leaders to

“strike a decisive blow in the fight against hunger and poverty” by reversing

the decline in agricultural investment, which has been one of the underlying

causes of the current world food crisis.”

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IFAD President Urges G8 to Increase Support to Smallholder Farmers [viewed]

Lennart Båge

7

July 2008: In a contribution to a G8 special report published by the Financial

Times, Lennart Båge, President of the International Fund for Agricultural

Development (IFAD), said the G8 Summit being held from 7-9 July 2008, in Japan,

represents a “unique opportunity to start undoing the damage wrought by decades

of neglect of agriculture.”

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UNEP Report: Global Trends in Sustainable Energy Investment 2008 [viewed]

Global Trends in Sustainable Energy Investment 2008 1 July 2008: The

United Nations Environment Programme (UNEP) has launched the Report Global

Trends in Sustainable Energy Investment 2008: Analysis of Trends and Issues in

the Financing of Renewable Energy and Energy Efficiency. The Report notes

record breaking investment levels in the sustainable energy sector during 2007,

with over US$148 billion of new investment, an increase of 60% over 2006,

largely driven by wind power.

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UNGA President Underscores Importance of Climate Change [viewed]

United_nations

8 July 2008: The UN General Assembly

(UNGA) met informally on 8 July 2008, at UN Headquarters in New York, US, to

consider the theme “Climate Change and the Most Vulnerable Countries - the

Imperative to Act.”

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UNICEF: J8 Representatives Present Proposals on Climate Change, Poverty and Development, and Global Health to G8 Leaders [viewed]

Junior 8

7

July 2008: Nine young people representing the participants in the “Junior 8” (J8)

Summit, held in Chitose City, Hokkaido, Japan, from 2-9 July 2008, presented

their proposals for global development to the leaders of the Group of Eight Industrialized

Countries (G8), in an initiative led by the UN Children's Fund (UNICEF).

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