Finance

UNDP and Japan Announce US$92 Million for Adaptation in Africa [viewed]

29 May 2008: The United Nations Development Programme (UNDP) and Japan announced a new $92 million initiative to help Africa adapt to global warming.

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World Bank Announces Adaptation Programme for Glacier Retreat in the Andes [viewed]

29 May 2008: The World Bank announced a new

programme to address the impact of tropical glacier retreat in Bolivia, Peru, and

Ecuador. During the project launch in Lima, Peru, Carlos Felipe Jaramillo,

World Bank director for Bolivia, Ecuador, Peru, and Venezuela noted that “Climate

change will heavily impact Andean countries' economies, particularly the poor.

Adapting to climate change is crucial given the severe and irreversible effects

it will have on the region.”

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World Bank Members Reach Agreement on Climate Investment Funds [viewed]

World_banks_global_consultations23 May 2008: Representatives from 40 donor and developing countries, meeting in Potsdam, Germany, reached an agreement on the creation of two international investment funds that will provide innovative financing for developing countries to pursue cleaner development paths and protect themselves from the impacts of climate change.

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GEF and JBIC Sign Memorandum of Understanding on Climate Change and Biodiversity [viewed]

24 May 2008: The Global Environment Facility (GEF) and the Japan Bank for International Cooperation (JBIC) signed a Memorandum of Understanding (MOU) to improve aid effectiveness by collaborating on projects addressing climate change and biodiversity loss.

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FAO: Background Paper on Financial Mechanism for the Food and Agriculture Sectors [viewed]

28 May 2008: The Food and Agriculture Organization of the UN (FAO), jointly with the International Fund for Agricultural Development (IFAD), have prepared a background paper on financial mechanisms for adaptation to, and mitigation of, climate change in the food and agriculture sectors. The paper was prepared for the High-Level Conference on World Food Security, which will take place in Rome, Italy, from 3-5 June 2008.

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UNDP-GEF Release Publication on Wind Energy [viewed]

Wind_energy_reportMay 2008: A new report by the United Nations Development Programme (UNDP) and the Global Environment Facility (GEF) highlights lessons learned from international experience on the promotion of wind energy.The report notes that 75% of installed wind energy capacity is found in just five countries. The report underscores the role of promoting policies to reduce costs, improve revenues and reduce risk for promoters, and the importance of market access and feed-in laws for providing long-term stability and predictability.

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Fifth European Union (EU) / Latin America and Caribbean (LAC) Summit Addresses Climate Change [viewed]

Logo_cumbre18 May 2008: The Fifth European Union (EU) / Latin America and Caribbean (LAC) Summit took place in Lima, Peru, from 16-17 May 2008. The Summit developed the “Lima Declaration on Addressing our Peoples' Priorities Together,” which addresses, among others, poverty, inequality, inclusion, climate change, environment and energy.

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World Bank Proceeds with Global Consultations on Its Strategic Framework on Climate Change and Development [viewed]

World20bankMay 2008: The website for global consultations on a Strategic Framework on Climate Change and Development for the World Bank Group (WBG) has been updated with translations in Arabic, Chinese, French, Portuguese, Russian and Spanish.

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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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