Finance

IFAD President Calls on the Arab Agricultural Sector to Address Challenges of Food Security and Climate Change [viewed]

Lennart Båge, President of the UN International Fund for Agricultural Development (IFAD)

18 January 2009: Speaking at the 31st Summit of the League Arab States (LAS), held from 17-18 January 2009, in Kuwait City, Lennart Båge, President of the UN International Fund for Agricultural Development (IFAD), called for re-engaging the agricultural sector to meet the challenges of food security and climate change, with particular attention to energy efficiency, water scarcity and the environment.

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IDB Supports Renewable Energy Matrix in Peru [viewed]

IDB supports creation of new sustainable energy matrix in Peru

28 January 2009: The Inter-American Development Bank (IDB) will provide financial and technical support to the Government of Peru to support an integrated approach to developing conventional and renewable energy sources in order to contribute to climate change mitigation. A new energy matrix is the centerpiece of a package of measures Peru has agreed to carry out under a US$150 million programmatic policy-based loan approved by the IDB Board of Executive Directors on 28 January 2009.

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European Commission Releases Proposals for “Comprehensive Climate Change Agreement in Copenhagen” [viewed]

European Commission

28 January 2009: The European Commission has released a communication entitled “Towards a comprehensive climate change agreement in Copenhagen,” which sets out proposals to achieve the EU's objective to ensure that global average temperature does not increase more than 2°C above pre-industrial levels. It addresses three key challenges: targets by developed countries and appropriate actions by developing countries; the need to address the financing of actions by developing countries (both to mitigate greenhouse gas emissions and adapt to climate change); and the need to build an effective global carbon market.

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OECD's Secretary-General's Message to Davos: Promote a “Green” Recovery [viewed]

Article by OECD's Secretary-General

27 January 2009: The World Economic Forum Annual Meeting 2009 opened in Davos, Switzerland, under the overall theme “Shaping the Post-Crisis World.” Over 2,500 participants and 40 Heads of State and government are participating in the meeting, where business, civil society and government leaders have gathered to share ideas on how to shape the post-crisis agenda, from economic reform to climate change. In an article entitled “The world needs to rewrite the rules of finance and global business,” Angel Gurría, Secretary-General of the Organisation for Economic Co-Operation and Development (OECD), writes that the Organisation is focusing on a strategic response to the crisis involving specific policy recommendations. He stresses the need for new thinking in various areas, including in tackling climate change, social exclusion and poverty, and calls for encouraging “the low-carbon innovation needed for a “green” recovery.”

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G-20 Summit to Consider a Low-Carbon Economy [viewed]

 G-20 summit in April will look at boosting low-carbon economy

27 January 2009: The UN Environment Programme (UNEP) has reported that a summit of the leaders of 20 major economies (G-20) on the financial crisis will convene on 2 April 2009, in London, UK, and will include discussions on the creation of a low-carbon economy.

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UNFCCC Executive Secretary Addresses UK Parliamentarians: 2009 the Year of Climate Change and of Opportunity [viewed]

UNFCCC Executive Secretary: “2009, the year of climate change, is also the year of opportunity.”

26 January 2009: In an address to UK Parliamentarians, Yvo de Boer, UNFCCC Executive Secretary, underlined that the need for urgent action on climate change has become “abundantly clear” and that a political solution to the world's most pressing problem is critical for humanity's further development as a whole, and especially for the world's poorest and most vulnerable. Recognizing that the Poznan climate conference of December 2008 had not been marked by any major political outcomes, he noted that it made progress in a number of specific areas of work, including the adoption of the Poznan Strategic Programme on Technology Transfer and the operationalization of the Adaptation Fund, and fully endorsed an intensified negotiating schedule for 2009. 

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Denmark Launches COP15 Website [viewed]

15th Conference of the Parties to the UNFCCC (COP15) and Fifth Meeting of the Parties to the Kyoto Protocol (COP/MOP5)

26 January 2009: The Danish Government, which will host the 15th Conference of the Parties to the UNFCCC (COP15) and Fifth Meeting of the Parties to the Kyoto Protocol (COP/MOP5) in December 2009 in Copenhagen, has launched a host country website.

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World Bank Approves Energy Efficiency Project in Honduras [viewed]

World Bank

22 January 2009: The World Bank Board of Directors has approved a US$30 million interest-free loan to strengthen the energy sector in Honduras. The project's three components are: building the national electric power company's (Empresa Nacional de Energía Eléctrica (ENEE)) management and commercial capacity; renewing and rehabilitating distribution equipment, including the removal of polluted transformers; and institutional strengthening and corporate governance.

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UNDESA to Release WESS 2009 on Climate Change and Development [viewed]

January 2009: The UN Department of Economic and Social Affairs (UNDESA) will launch the World Economic and Social Survey 2009-Climate Change and Development (WESS 2009) around mid-2009, to be available to the UNFCCC process, in particular, the Climate Change Conference in Copenhagen in December 2009.

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UNFCCC Secretariat Releases Assembly Document [viewed]

January 2009: The UNFCCC Secretariat has released the revised “Assembly Document,” containing the ideas and proposals presented by parties and accredited observer organizations on the elements contained in paragraph 1 of the Bali Action Plan (BAP), received by 6 December 2008.

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