Finance

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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UNFCCC Executive Secretary: Financial Crisis Could Redirect Investments to Fund “Green” Growth [viewed]

Yvo de Boer, Executive Secretary of the UN Framework Convention on Climate Change 10 October 2008: In a press conference given in New York, US, Yvo de Boer, UNFCCC Executive Secretary, stated that the current global market crisis could provide an opportunity for the world financial system to reconstruct itself to promote “green” growth.

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ESCAP and Republic of Korea Discuss Green Growth [viewed]

ESCAP partners with Republic of Korea to promote low carbon green growth 9 October 2008: At high-level meetings in Seoul, Republic of Korea, the Executive Secretary of the Economic and Social Commission for Asia and the Pacific (ESCAP), Noeleen Heyzer, discussed with the Republic of Korea's Prime Minister, Han Seung-soo, a partnership to implement a $200 million fund to support Asian developing countries to pursue a low-carbon development path.

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UNFCCC Executive Secretary and Jeffry Sachs Discuss How to Best Address Climate Change [viewed]

A high-level discussion on the role of the Kyoto Protocol's flexible mechanisms held at Columbia University in New York

9 October 2008: At a special event at Columbia University in

New York, US, UNFCCC Executive Secretary Yvo de Boer and economist Jeffrey

Sachs discussed whether a carbon market or carbon taxes are the best way to cut

greenhouse gas emissions.

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CDM Executive Board Releases Proposed Agenda and Work Programme of its 43rd Meeting [viewed]

8 October 2008: The proposed agenda and annotations,

together with the draft work programme, for the 43rd meeting of the Executive

Board (EB43) of the Clean Development Mechanism (CDM) are now available on the

CDM website.

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