Finance

OECD Ministers to Discuss Climate Change, Trade and Global Economy [viewed]

Oecd16 May 2008: The economic impact of climate change, rising food prices and a broad range of other trade, growth and development issues will be discussed at the OECD's annual ministerial meeting, to be held from 4-5 June 2008, in Paris, France.

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UNFCCC Prepares for Bonn Meetings [viewed]

Unfccc15 May 2008: Preparations for the twenty-eighth sessions of the Subsidiary Bodies and other related meetings in Bonn in June are underway, with the UNFCCC Secretariat posting the annotated agenda for the second session of the Ad Hoc Working Group on Long-term Cooperative Action under the Convention, along with the agendas for the Subsidiary Body for Implementation, the Subsidiary Body for Scientific and Technological Advice , and the agenda for the Ad Hoc Working Group on Further Commitments for Annex I Parties under the Kyoto Protocol.

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African Development Bank Annual Meeting Considers Negative Impacts of Climate Change on Agriculture and Rising Fuel and Food Prices [viewed]

African_development_bank14 May 2008: The 43rd Annual Meeting of the Board of Governors of the African Development Bank (AfDB) and the 34th Board of Governors meeting of the African Development Fund (ADF) took place on 14-15 May 2008, in Maputo, Mozambique. The Annual Meetings considered the theme “Fostering Shared Growth: Urbanization, Inequality and Poverty.”

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G8 to Hold Environmental Ministers Meeting [viewed]

Kobe13 May 2008: Japan will host the G8 Environment Ministers Meeting from 24-26 May 2008, in Kobe, Japan.

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GEF Workshop Assesses Best Practices in Evaluating Climate Change and Development Projects [viewed]

Alexandrina13 May 2008: The Global Environment Facility's (GEF) Evaluation Office organized an international workshop on Evaluating Climate Change and Development, from 10-13 May 2008, in Alexandria, Egypt. Participants shared experiences in evaluating projects and programmes aimed at the nexus between climate change and development, paying special attention to convergence in findings throughout the GEF's Implementation Agencies.

Photo: Bibliotheca Alexandrina, site of the 2008 International Workshop on Evaluating Cliimate Change and Development.

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Summit to Focus on Private Sector's Climate Change Role [viewed]

Glacier_212 May 2008: The World Business Summit on Climate Change will take place in Copenhagen, Denmark, in May 2009. The May 2009 summit, backed by the UN, will be convened by the Copenhagen Climate Council, the World Business Council for Sustainable Development and the Pew Center on Global Climate Change. It is expected to attract many senior private sector executives, government and UN officials, as well as experts and representatives of the non-governmental community.

UN News Centre report

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Asian Development Bank Launches New Climate Fund [viewed]

5 May 2008: The Asian Development Bank (ADB) announced a contribution of US$40 million for a new Climate Change Fund it is establishing to mitigate and adapt to the impacts of climate change in the Asia-Pacific region.

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ITTO Meeting Develops Recommendations on Tropical Forests and Climate Change [viewed]

Head_logo2 May 2008: The International Tropical Timber Organization (ITTO) held an international expert meeting on the role of sustainable management of tropical forests in climate change adaptation and mitigation from 30 April- 2 May 2008, in Yokohama, Japan. Participants reviewed the potential of sustainable forest management to reduce emissions of greenhouse gases, explored existing and possible future schemes to reduce emissions from deforestation and degradation (REDD) and other mitigation options in the forest sector, and made recommendations for future action.

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UN Permanent Forum on Indigenous Issues Makes Recommendations on Climate Change and Calls for UNFCCC Participation [viewed]

2 May 2008: An estimated 2000 delegates gathered at UN headquarters in New York, US, from 21 April to 2 May, for the Seventh Session of the UN Permanent Forum on Indigenous Issues (UNFPII) – a subsidiary body of the Economic and Social Council (ECOSOC). The theme for the session was “Climate change, biocultural diversity and livelihoods: the stewardship roles of indigenous peoples and new challenges.” In its deliberations, the Forum noted that indigenous traditional ways of life have been threatened by climate change, that indigenous peoples continue to be the main custodians of knowledge and biodiversity and that indigenous peoples have largely been kept out of the international dialogue on climate change.

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European Banks Establish a Post-2012 Carbon Credit Fund [viewed]

28 April 2008: Five European public financing institutions have established a EUR 125 million Post-2012 Carbon Credit Fund.

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