Finance

UNEP Compiles CDM Year End Snapshot [viewed]

Global Year-End Snapshot of the Clean Development Mechanism 2008 11 December 2008: The Year End Snapshot of the Kyoto Protocol's Clean Development Mechanism (CDM), compiled by the UN Environment Programme's (UNEP) Risø Centre, reveals that worldwide over 4,200 CDM projects have been developed or are in operation.

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UN Secretary-General at Poznań Climate Change Conference Calls for a Green New Deal [viewed]

L-R: UNFCCC Executive Secretary Yvo do Boer and UN Secretary-General Ban Ki-moon 11 December 2008: Speaking at the opening of the High-level Segment of the 14th session of the Conference of the Parties to the UNFCCC, taking place in Poznań, Poland, UN Secretary-General Ban Ki-moon stressed the urgency to take action, and called for renewed global solidarity to tackle the financial and climate change crises, calling the latter “the defining challenge of our era.”

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High-level Segment at UN Climate Change Conference -- Poznań Opens [viewed]

Top officials converge in Poland for UN climate change talks 11 December 2008: The High-level Segment at the UN Climate Change Conference in Poznań, Poland, opened on 11 December 2008. Four Heads of State and Government, as well as 145 Environment Ministers and senior government representatives, are scheduled to participate, with UN Secretary-General Ban Ki-moon making an opening statement.

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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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