Economics, Trade & Investment

GEF-managed Least Developed Countries Fund Receives New Pledges [viewed]

GEF10 December 2011: The Global Environment Facility (GEF) has reported that several donor countries pledged new support to the GEF-managed Least Developed Countries Fund (LDCF) for climate change adaptation during the 17th session of the Conference of the Parties (COP 17) to the UNFCCC in Durban, South Africa.

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Durban Conference Sets Pathway to More Inclusive 21st Century Climate Regime [viewed]

11 December 2011: The UN Climate Change Conference in Durban, South Africa, concluded with the adoption of a set of decisions covering a wide range of topics, notably the establishment of a second commitment period under the Kyoto Protocol, a decision on long-term cooperative action under the Convention, the launch of a new process towards an agreed outcome with legal force applicable to all parties to the Convention, and the operationalization of the Green Climate Fund.

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OECD Reports that DAC Countries Allocate 15% of Development Assistance to Mitigation and Adaptation [viewed]

6 December 2011: Organisation for Economic Co-operation and Development (OECD) Secretary-General Angel Gurría has announced the results of OECD research indicating that member countries of the OECD Development Assistance Committee (DAC) allocated US$22.9 billion, or 15% of official development assistance (ODA), to climate change-related endeavors in 2010.

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COP 17 Concludes with Adoption of the Durban Platform [viewed]

11 December 2011: After extended negotiations over the weekend, the UN Climate Change Conference in Durban, South Africa, concluded with the adoption of the "Durban Platform," a set of decisions that lay the ground for adopting a legal agreement on climate change as soon as possible, and no later than 2015.

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IISD Event Discusses Fossil Fuel Subsidy Reform [viewed]

7 December 2011: The Friends of Fossil Fuel Subsidy Reform group of countries and the International Institute for Sustainable Development's (IISD) Global Subsidies Initiative organized an event titled "The Missing Piece? Fossil Fuel Subsidy Reform and Climate Change," on the sidelines of the UN Climate Change Conference in Durban, South Africa.

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IDB Provides Climate Change and Financial Sector Funding to Trinidad and Tobago [viewed]

IDB5 December 2011: The Inter-American Development Bank (IDB) approved two loans for Trinidad and Tobago totaling US$130 million, including US$80 million for climate change measures and US$50 million to strengthen the financial sector.

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UNEP Climate Action Issue Focuses on Africa and Sustainable Cities [viewed]

7 December 2011: The UN Environment Programme (UNEP) has released the fifth edition of the Climate Action publication, intended to educate businesses, governments and NGOs on what they can do to reduce their carbon footprint and adapt to the impacts of climate change. This issue focuses on Africa and sustainable cities.

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Declaration of Intent on REDD+ in the Congo Basin Signed [viewed]

7 December 2011: The UN-REDD programme has announced the signing of a Declaration on Intent by seven central African countries, seven donor countries and the European Commission to scale up implementation of REDD+ (reducing emissions from deforestation and forest degradation and the role of conservation, sustainable management of forests and enhancement of forest carbon stocks in developing countries). 

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UN Secretary-General Calls for Agreement on Green Climate Fund Design [viewed]

Ban Ki-moon, UN Secretary General7 December 2011: UN Secretary-General Ban Ki-moon has called on countries to show leadership and ensure that any remaining differences on the design of the Green Climate Fund are resolved in Durban, so the Fund can be launched. Stressing that the Fund “must not be an empty shell,” he urged industrialized countries to inject sufficient initial capital to allow the Fund to begin its work immediately. 

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UN Secretary General Calls for Support for REDD+ [viewed]

Ban Ki-moon, UN Secretary-General7 December 2011: Speaking at a side-event held during the UN Climate Change Conference in Durban, South Africa, UN Secretary General Ban Ki-moon called for support to REDD+ (reducing emissions from deforestation and forest degradation and the role of conservation, sustainable management of forests and enhancement of forest carbon stocks in developing countries).

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