Finance

UN Secretary General: EU's Climate Actions Could Spur “Green” Growth [viewed]

17 October 2008: UN Secretary-General Ban Ki-moon stated

that EU proposals on tackling climate change could spur “green” growth and

generate millions of new jobs.

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Countries Selected for World Bank's Climate Investment Funds' Governing Bodies [viewed]

17 October 2008: Two sets of seven donor countries and seven potential recipient countries have been selected to serve on the Clean Technology Fund (CTF) Trust Fund Committee and the Strategic Climate Fund (SCF) Trust Fund Committee, respectively, to oversee the decisions concerning investments and implementation of the recently created World Bank Climate Investment Funds (CIF).

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World Food Day: UN Officials Address Linkages between Hunger, Surging Food and Fuel Prices and Climate Change [viewed]

World Food Day, 16 October 2008 16 October 2008: On World Food Day (WFD), the heads of UN agencies called attention to the ongoing crisis of hunger and its interrelations with climate change and rising fuel prices.

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IEA Releases Report on the Effects of the EU ETS on the Aluminum Sector [viewed]

Climate policy and carbon leakage: Impacts of the European Emissions Trading Scheme on Aluminium 14 October 2008: The International Energy Agency (IEA) has released a new Information Paper exploring the effects of the EU emissions trading scheme (EU ETS) on the aluminum sector.

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UN Deputy Secretary-General Calls for Giving “Dedicated Attention” to Climate Change [viewed]

Deputy Secretary-General Asha-Rose Migiro 14 October 2008: UN Deputy Secretary-General Asha-Rose

Migiro presented the Secretary-General's proposal for strengthening the

development pillar of the UN Secretariat to the Fifth Committee of the General

Assembly, which deals with administrative and budgetary matters, Underlining

the importance of concerted international action in addressing development

challenges, she stressed the intensifying effects of climate change, the food

and energy crises, and the global financial turmoil.

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Informal Ministerial Consultations Held in Preparation for COP14 [viewed]

Cop09 14 October 2008: More than 40 environment ministers and

high-level representatives held talks in Warsaw, Poland, from 13-14 October

2008, to prepare for the 14th Conference of the Parties (COP14) to the UNFCCC,

scheduled to take place in December 2008 in Poznań, Poland. During the informal

consultations, which were chaired by Maciej Nowicki, Minister of Environment of

Poland and future COP14 President, participants underscored that Poznań will be

a milestone for the new global climate agreement and agreed that the current

financial crisis should not hinder efforts to tackle climate change.

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UN Secretary-General Calls for Urgent Multilateral Action [viewed]

13 October 2008: UN Secretary-General Ban Ki-moon has called

for “deep and systemic” reforms based on inclusive multilateralism for a global

financial system that can better meet the challenges of the 21st century.

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UNDP Releases Briefing Papers on the Bali Action Plan Negotiations [viewed]

October 2008: As part of its project to strengthen national

capacity in developing countries to assess climate change policy alternatives,

the UN Development Programme (UNDP) Environment and Energy Group has released a

series of papers on the Bali Action Plan negotiations.

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World Bank Group President Addresses Climate Change Challenges at IMF and World Bank Annual Meetings [viewed]

Robert Zoellick, President of the World Bank Group 13 October 2008: The annual meetings of the Boards of

Governors of the International Monetary Fund (IMF) and World Bank took place on

13 October 2008, in Washington DC, US. Finance ministers from developing and

industrialized nations attended the event, which was preceded by a meeting of

the International Monetary and Financial Committee and the Development

Committee. Robert Zoellick, President of the World Bank Group, addressed the

meeting, noting the effects of the current financial crisis on energy and climate

change.

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IMF and World Bank Annual Meetings Address World Economic Crisis, Support Efforts to Tackle Climate Change [viewed]

69imfc_am_08_large 13 October 2008: The annual meetings of the Boards of

Governors of the International Monetary Fund (IMF) and World Bank took place on

11-13 October 2008, in Washington DC, US. Finance ministers from developing and

industrialized nations attended the event, which was preceded by a meeting of

the International Monetary and Financial Committee (IMFC) and the Development

Committee. The IMFC and seminars during the week addressed the responses to the

current economic crisis, as well as the challenges posed by higher food and

fuel prices.

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