Finance

CBD'S Ahmed Djoghlaf Underlines Link between Biodiversity Conservation, Climate Change and Food Security [viewed]

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June 2008: In a message to the High-Level Conference on World Food Security

(3-5 June 2008, Rome, Italy), Ahmed Djoghlaf, Executive Secretary of the

Convention on Biological Diversity (CBD), underlined the current loss of

agricultural and livestock biodiversity, which he said is further increased by

climate change.

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Asia Clean Energy Forum Calls for Investments to Enhance Energy Security and Address Global Warming [viewed]

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3 June 2008: Private and public

sector participants in the Asia Clean Energy Forum, which convened from 2-6

June 2008, in Manila, the Philippines, called for new investments in clean

energy, amid spiraling costs for oil and coal and the growing threat of climate

change.

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Consultation Discusses Climate Change Strategies for the African Development Bank and World Bank [viewed]

4 June 2008: The African Development Bank (AfDB) and the World

Bank jointly organized a fourth regional consultation to discuss their

respective strategies on climate change. The 4 June 2008 consultation in Dakar,

Senegal, was the last in a series aimed at brainstorming and seeking ways to

strengthen collaboration with African institutions and development partners in

order to efficiently implement the strategies. Participants identified three

main challenges – energy security and access, cushioning the adverse effects of

climate change, and climate change risk management and adaptation.

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UNCTAD: Supachai Panitchpakdi Calls for the Phase-out of Agricultural Subsidies [viewed]

3 June 2008: In his address to the High-Level Conference on

World Food Security: the Challenges of Climate Change and Bioenergy, which

convened from 3-5 June 2008, in Rome, Italy, the Secretary-General of the UN

Conference on Trade and Development (UNCTAD), Supachai Panitchpakdi, criticized

subsidized exports from the developed world, noting that many former net

exporters of food in Africa, Asia and Latin America are now net importers as a

result of the market distortions caused by the subsidies.

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Third African Ministerial Conference on Financing for Development to Discuss Climate Change and the MDGs [viewed]

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June 2008: The Third African Ministerial Conference on Financing for Development will be held in Kigali, Rwanda, from 12-13 June 2008. Discussions will focus on the

theme “Climate Change, an additional challenge for meeting the MDGs in Africa.”

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UNDP and Japan Launch Programme on Climate Change Adaptation for Africa [viewed]

29 May 2008: The UN Development Programme (UNDP) and the Government of Japan announced, at the Fourth Tokyo International Conference on African Development (TICAD IV), a US$ 92.1 million programme for climate change adaptation in Africa. The UNDP/Japan adaptation programme is expected to be operational in August 2008.

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TICAD IV Agrees on a Blueprint for African Development [viewed]

Ticadiv_logo_230 May 2008: Representatives from 51 African countries, including 40 Heads of State and Government, joined Japanese Prime Minister Yasuo Fukuda from 28-30 May 2008, in Yokohama, Japan, to develop a framework for African growth at the Fourth Tokyo International Conference on African Development (TICAD IV).

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UNGA President-Elect to Prioritize Climate Change [viewed]

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4 June 2008: Miguel d'Escoto Brockmann (Nicaragua) was elected on

4 June 2008 to serve as President of the 63rd Session of the UN General

Assembly (UNGA), which will begin on 16 September 2008.

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World Bank Carbon Fund Project in Nicaragua Buying Carbon-Equivalent Emission Reductions [viewed]

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6 June 2008: The World Bank's Carbon Fund is facilitating a

US$8.37 million project in southern Nicaragua that plans to turn 600 hectares

of privately-owned former cattle ranches into new-growth teak forests. The Nicaragua Precious Woods Project began in August 2006,

and intends to absorb nearly 300,000 tons of carbon emissions by the year 2017

while conserving approximately 350 hectares of secondary forest and mature

trees.

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CGIAR Alliance Calls for Resurgence of Investment in Agricultural Research [viewed]

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3 June 2008: Speaking at the FAO High-Level Conference on

World Food Security, which convened in Rome, Italy, from 3-5 June 2008, Emile

Frison, Chair of the Alliance of Centres supported by the Consultative Group on

International Agricultural Research (CGIAR) and Director General of Bioversity

International, said that, among other factors, lack of investment in

agricultural research has contributed to the global food price crises. He

highlighted the importance of such investment, citing a World Bank report on

investment into agricultural development that found “an average internal rate

of return of 43 percent.”

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