Finance

World Bank: Countries Chosen as Forest Carbon Partnership Facility Members [viewed]

First Countries Named to Benefit from Forest Carbon Partnership Facility 21 July 2008: Fourteen

developing countries - Bolivia, Costa Rica, the Democratic Republic of Congo,

Gabon, Ghana, Guyana, Kenya, Lao PDR, Liberia, Madagascar Mexico, Nepal,

Panama, and Vietnam - will be beneficiaries of funding from the Forest Carbon

Partnership Facility (FCPF), launched at the Bali climate negotiations. The

FCPF partners donor countries, the World Bank, and developing countries in an

effort to build capacity for reducing emissions from deforestation and forest

degradation.

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OECD Report Shows Biofuel Policies in OECD Countries to be Costly and Ineffective [viewed]

Economic Assessment of Biofuel Support Policies 16 July 2008: A new report from the Organisation for

Economic Co-operation and Development (OECD), entitled “Economic Assessment of

Biofuel Support Policies,” concludes that “government support of biofuel

production in OECD countries is costly, has a limited impact on reducing

greenhouse gases and improving energy security, and has a significant impact on

world crop prices.”

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UN Secretary-General Commends Germany's Leader for Efforts in Addressing Climate Change and the Food Crisis [viewed]

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ICAO Workshop on Aviation and Carbon Markets Documents Now Available [viewed]

ICAO Workshop on Aviation and Carbon Markets 16

July 2008: The documentation from the workshop on aviation and carbon markets,

organized by the International Civil Aviation Organization (ICAO) on 18-19 June

2008, at ICAO Headquarters, Montreal, Canada, have been released.

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Regional Symposium on Climate Change, Food Security, Sea Level Rise and Environment in South Asia to Convene in Dhaka, Bangladesh [viewed]

International Symposium on Climate Change<br /> and Food Security in South Asia

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July 2008: The Ohio State University, the World Meteorological Organization

(WMO), the UN Food and Agriculture Organization's (FAO) Regional Office for

Asia and the Pacific, and the UN Economic and Social Commission for Asia and

Pacific (ESCAP), in collaboration with a number of agencies, are organizing the

Regional Symposium on Climate Change, Food Security, Sea Level Rise and

Environment in South Asia in Dhaka, Bangladesh, from 25-29 August 2008.

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D8 Summit Agrees on Collaborative Efforts to Address Food and Energy Crises [viewed]

D-8 Leaders Set on Tackling Food Shortage and Fuel Price Hike 12

July 2008: The Sixth Summit of the Group of Eight Developing Islamic Countries

(D8), (7-8 July 2008, Kuala Lumpur, Malaysia) concluded

with the adoption of the “Kuala Lumpur Declaration on Meeting Global Challenges

through Innovative Cooperation,” which recognizes that the food and energy

crises pose a serious threat to socio-economic stability.

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ECOSOC Debates Implementation of the MDGs in the Context of Climate Change [viewed]

11 July 2008: Speaking during a Panel discussion on

“Implementation of the Millennium Development Goals (MDGs) in the context of

current challenges,” Kemal Dervis, Administrator of the UN Development

Programme (UNDP), noted that economic growth is threatened by shortages of

natural resources such as energy, water and atmosphere, and stressed that MDG 7

on environmental sustainability is an absolute key priority.

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World Bank signs first CDM Solid Waste Composting Project in Cairo [viewed]

Carbon_finance_unit

1 July 2008:The World Bank signed its first greenhouse gas emission

reductions purchase agreement in Egypt, for a municipal solid waste-composting

project. The facility will feature waste sorting for recovery of recyclables

and aerobic composting of organic waste, reducing the amount of methane and

other greenhouse gases emitted from the landfill site.

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ADB Establishes a US$100 Million post-2012 Carbon Fund [viewed]

Carbon_finance_initiative

8 July 2008: The Asian Development Bank

(ADB) has established a new fund to finance clean energy projects, in the

Asia-Pacific region, that generate carbon credits beyond 2012. “The new fund will provide an incentive

for the ADB's developing member countries to scale up energy efficiency and the

use of renewable energy sources that will contribute to both climate change

mitigation and enhanced energy security,” ADB Vice President Ursula

Schäfer-Preuss said.

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UN Secretary-General Urges G8 to Focus on Climate Change [viewed]

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July 2008: In a series of statements and articles over the past two weeks, UN

Secretary-General Ban Ki-moon has emphasized the linkages between the food

crisis, climate change and the achievement of the Millennium Development Goals

(MDGs).

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