Finance

UNDP Releases Briefing Papers on the Bali Action Plan Negotiations [viewed]

October 2008: As part of its project to strengthen national

capacity in developing countries to assess climate change policy alternatives,

the UN Development Programme (UNDP) Environment and Energy Group has released a

series of papers on the Bali Action Plan negotiations.

read more »

World Bank Group President Addresses Climate Change Challenges at IMF and World Bank Annual Meetings [viewed]

Robert Zoellick, President of the World Bank Group 13 October 2008: The annual meetings of the Boards of

Governors of the International Monetary Fund (IMF) and World Bank took place on

13 October 2008, in Washington DC, US. Finance ministers from developing and

industrialized nations attended the event, which was preceded by a meeting of

the International Monetary and Financial Committee and the Development

Committee. Robert Zoellick, President of the World Bank Group, addressed the

meeting, noting the effects of the current financial crisis on energy and climate

change.

read more »

IMF and World Bank Annual Meetings Address World Economic Crisis, Support Efforts to Tackle Climate Change [viewed]

69imfc_am_08_large 13 October 2008: The annual meetings of the Boards of

Governors of the International Monetary Fund (IMF) and World Bank took place on

11-13 October 2008, in Washington DC, US. Finance ministers from developing and

industrialized nations attended the event, which was preceded by a meeting of

the International Monetary and Financial Committee (IMFC) and the Development

Committee. The IMFC and seminars during the week addressed the responses to the

current economic crisis, as well as the challenges posed by higher food and

fuel prices.

read more »

UNFCCC Executive Secretary: Financial Crisis Could Redirect Investments to Fund “Green” Growth [viewed]

Yvo de Boer, Executive Secretary of the UN Framework Convention on Climate Change 10 October 2008: In a press conference given in New York, US, Yvo de Boer, UNFCCC Executive Secretary, stated that the current global market crisis could provide an opportunity for the world financial system to reconstruct itself to promote “green” growth.

read more »

ESCAP and Republic of Korea Discuss Green Growth [viewed]

ESCAP partners with Republic of Korea to promote low carbon green growth 9 October 2008: At high-level meetings in Seoul, Republic of Korea, the Executive Secretary of the Economic and Social Commission for Asia and the Pacific (ESCAP), Noeleen Heyzer, discussed with the Republic of Korea's Prime Minister, Han Seung-soo, a partnership to implement a $200 million fund to support Asian developing countries to pursue a low-carbon development path.

read more »

UNFCCC Executive Secretary and Jeffry Sachs Discuss How to Best Address Climate Change [viewed]

A high-level discussion on the role of the Kyoto Protocol's flexible mechanisms held at Columbia University in New York

9 October 2008: At a special event at Columbia University in

New York, US, UNFCCC Executive Secretary Yvo de Boer and economist Jeffrey

Sachs discussed whether a carbon market or carbon taxes are the best way to cut

greenhouse gas emissions.

read more »

CDM Executive Board Releases Proposed Agenda and Work Programme of its 43rd Meeting [viewed]

8 October 2008: The proposed agenda and annotations,

together with the draft work programme, for the 43rd meeting of the Executive

Board (EB43) of the Clean Development Mechanism (CDM) are now available on the

CDM website.

read more »

UN Secretary-General's Annual Report: UN Uniquely Placed to Lead Efforts Against Climate Change [viewed]

UN poised to tackle some of today's most pressing challenges – Ban 7 October 2008: In his second annual report on the work of

the Organization (A/63/1), UN Secretary-General Ban Ki-moon notes the UN's

unique place to lead the response to global threats, in particular: climate

change, counter-terrorism, disarmament and non-proliferation, and global

health.

read more »

UN Secretary-General: Climate Change is the “Defining Challenge of Our Era” [viewed]

7 October 2008: In a press conference at the UN Headquarters

in New York, US, UN Secretary-General Ban Ki-moon characterized climate change

as the “defining challenge of our era,” and warned that the fight against this

challenge risks being “obscured by shorter-term problems, and in particular the

deepening financial crisis.” He expressed the hope that the climate

negotiations scheduled to take place in December 2008 in Poznan, Poland, will

result in increased cooperation and agreement on a timeframe of work, as well

as “a strong willingness” by developed and developing countries to lead on this

issue.

read more »

EU-LAC Forum addresses bi-regional cooperation on climate change [viewed]

The EU, Latin America and the Caribbean: Confronting the challenges of globalisation in a post-Lima Summit partnership 6 October 2008: A bi-regional EU-Latin America and the Caribbean (EU-LAC) forum convened in Paris, France, on 6 October 2008, to address the challenges of globalization and its effect on the economy, social cohesion and the environment. Pamela Cox, World Bank Vice President for Latin America and the Caribbean, addressed the forum, highlighting that some countries in Latin America and its citizens “and particularly the extreme poor, are the most vulnerable to the effects of climate change.”

read more »