Economics, Trade & Investment

EU/AU Commissions Discuss Climate, Biodiversity and UNCSD [viewed]

1 June 2011: The fifth College-to-College meeting of the European Commission and the African Union (AU) Commission was held on 31 May-1 June 2011, in Brussels, Belgium, to develop shared policy agendas. During the meeting, participants discussed ways to enhance cooperation both on short-term challenges and on the long-term structural changes, such as green growth, climate change and biodiversity.

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World Bank Supports Design of Carbon Market Instruments in Eight Developing Countries [viewed]

1 June 2011: The World Bank announced that eight developing countries will receive an initial grant of US$350,000 to support the design, pilot and implementation of market-based instruments for greenhouse gas (GHG) mitigation.

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World Bank, GEF Fund Adaptation in Sao Tome and Principe [viewed]

31 May 2011: The World Bank Board has approved a Global Environment Facility (GEF) grant of US$4.1 million to support São Tomé and Principe in increasing its adaptive capacity to the adverse impacts of climate variability and change.

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World Bank Launches Report on State and Trends of the Carbon Market 2011 [viewed]

1 June 2011: During the Carbon Expo taking place in Barcelona, Spain, the World Bank released the 2011 edition of its State and Trends of the Carbon Market Report, which indicates a slight decline in carbon markets compared to 2009.

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ILO and OECD Strengthen Cooperation [viewed]

25 May 2011: The International Labour Organization (ILO) and the Organisation for Economic Co-operation and Development (OECD) have signed a new Memorandum of Understanding (MoU) regarding areas of common interest and activity, including employment, social protection, labor migration, green jobs, occupational safety and health and statistics.

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UN Global Compact Week Focuses on Preparations for Rio+20 [viewed]

20 May 2011: The Global Compact Week, held from 16-20 May 2011, in Copenhagen, Denmark, convened practitioners engaged in the initiative's working groups, issue platforms and Local Networks, providing an opportunity to share experiences across issues and countries. The Week included the first UN Global Compact Annual Meeting, the Annual Local Network Forum and the third annual meeting of Caring for Climate signatories, which addressed the business contribution to global sustainability ahead of the UN Conference on Sustainable Development (UNCSD, or Rio+20).

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Event: For Life, for the Future: Biosphere Reserves and Climate Change [viewed]

This conference is held on the occasion of the 40th anniversary of the UN Educational, Scientific and Cultural Organization (UNESCO) Man and the Biosphere (MAB) programme. It is organized by UNESCO-MAB, the German Federal Ministry for the Environment, the German Federal Agency for Nature Conservation and the German Commission for UNESCO. The conference will bring together high-level political and scientific representatives, both from climate and nature conservation politics, from administration, science and practice from all over the world, including several ministers. The conference will demonstrate how more than 560 UNESCO biosphere reserves in over 100 countries, beyond conserving biodiversity, can contribute to effective climate change mitigation and adaptation. UNESCO biosphere reserves as model regions for sustainable development make available extensive experiences, for example on sustainable land use, green economies, conservation of ecosystem-services, as well as research and education.  

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EU-Japan Summit Focuses on Climate Change, Green Growth and Energy [viewed]

28 May 2011: President of the European Council Herman Van Rompuy, President of the European Commission José Manuel Barroso, and Japan's Prime Minister Naoto Kan reaffirmed the close partnership between the EU and Japan and discussed climate change, green growth and energy at the 20th EU-Japan Summit.

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World Bank Supports Improved Capacity in Hydropower Plant in Indonesia [viewed]

27 May 2011: The World Bank approved a US$640 million loan to build a pumped storage system in Indonesia's Upper Cisokan Pumped Storage Hydropower project, to allow the power plant to supply electricity in peak season.

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G8 Summit Adopts Deauville Declaration [viewed]

27 May 2011: The Leaders of the G8 met in Deauville, France, from 26-27 May 2011, to discuss, inter alia, green growth, climate change and biodiversity. The Summit concluded with the adoption of the G8 Declaration titled "Renewed Commitment for Freedom and Democracy."

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