This section deals with the perceived tension between effective action to slow climate change and maintenance of competitiveness. It also covers investments in climate change mitigation and adaptation activities, and the growing financial architecture responding to the climate change challenge.
March 2009: The European Bank for Reconstruction and Development (EBRD), with financing from the Government of the Netherlands, has published a Green Investment Scheme (GIS) Manual and Model Agreement.
March 2009: The Global Environment Facility (GEF) has published a report titled “A New Climate for Forests: GEF Action on Sustainable Forest Management.” This report reviews: the GEF's work on sustainable forest management (SFM); projects and programmes related to SFM in the GEF's current portfolio; and potential roles for promotion of SMF through the GEF in the post-2012 climate regime.
6 March 2009: The second design meeting for the World Bank's Forest Investment Program (FIP), a part of its Climate Investment Framework (CIF), took place on 5-6 March 2009, in Washington DC, US.
March 2009: The World Intellectual Property Organization (WIPO) will focus its World Intellectual Property Day, to be celebrated on 26 April 2009, on promoting green innovation as the key to a secure future.
February 2009: The International Finance Corporation (IFC), a member of the World Bank Group, is financing the construction of the Totoral Wind Farm, Chile's first-ever project-financed wind farm. In related news, the World Bank's Vice President for Europe and Central Asia approved a grant of US$1.5 million for the Armenia Geothermal Energy Development project funded under the Global Environment Facility's (GEF) Geothermal Energy Development Program (GeoFund).
27 February 2009: The Inter-American Development Bank (IDB) has announced a contest to finance proposals for promoting energy efficiency and access to renewable energy in Latin America and the Caribbean.
March 2009: The World Bank, in collaboration with the French Agency for Development, the Global Gas Flaring Reduction Initiative and the Egyptian Environmental Affairs Agency, is organizing the Middle East and North Africa (MENA) Carbon Forum, scheduled to convene from 6-7 May 2009, in Cairo, Egypt.
2008: Four parallel meetings took place between 2-13 June 2008, in Bonn,
Germany, under the UN Framework Convention on Climate Change (UNFCCC) and Kyoto
Protocol. The second session of the Ad Hoc Working Group on Long-term
Cooperative Action under the Convention (AWG-LCA), which was launched in Bali,
started its substantive work in Bonn, while the resumed fifth session of the Ad
Hoc Working Group on Further Commitments for Annex I Parties under the
Kyoto Protocol (AWG-KP) began the process of listing issues for further
negotiation, particularly on the Kyoto Protocol's market-based mechanisms and
on carbon sinks.
14 June 2008: G8 Finance Ministers, meeting in preparation for the Summit of the G8 Heads of State and Government in Hokkaido-Toyako, met from 13-14 June 2008, in Osaka, Japan, and agreed to the “G8 Action Plan for Climate Change to Enhance the Engagement of Private and Public Financial Institutions.” In their final statement, Ministers supported the launch of new Climate Investment Funds (CIFs) by the World Bank, which will complement existing bilateral and multilateral efforts, until a post-2012 framework under the UNFCCC is implemented.
May 2008: This Organisation for
Economic Co-operation and Development (OECD) publication, edited by Shardul
Agrawala and Samuel Fankhauser, provides a critical assessment of adaptation
costs and benefits in key climate sensitive sectors, as well as at national and