Economics, Trade & Investment

AfDB, Eskom Sign Renewable Energy Loan Agreement [viewed]

25 September 2011: The African Development Bank (AfDB) has signed a US$365 million loan agreement with Eskom, an electricity company that operates in the countries of the Southern African Development Community (SADC), to implement large-scale wind and solar generation projects.

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IDB to Fund Energy Efficiency Investments in Central America [viewed]

IDB3 October 2011: The Inter-American Development Bank (IDB) is partnering with the Nordic Development Fund (NDF) to launch a programme for companies in Central America to adopt clean technologies and improve their energy efficiency.

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Latin American Carbon Forum Calls for CDM Continuity [viewed]

30 September 2011: The sixth Latin American and Caribbean Carbon Forum concluded in San José, Costa Rica, with calls by carbon project developers and the private sector to clarify the future of the Clean Development Mechanism (CDM) and other carbon finance options.

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Eastern Partnership Summit Discusses Green Economy [viewed]

30 September 2011: The Heads of State or Government and representatives of Armenia, Azerbaijan, Georgia, Moldova, Ukraine, the EU and its member States met in Warsaw, Poland, on 29-30 September 2011, to renew their commitment to the objectives and continued implementation of the Eastern Partnership, including on the green economy, climate change and energy. 

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ADB Finances Hydropower Project Upgrade in India [viewed]

ADB30 September 2011: The Asian Development Bank (ADB) is financing transmission system upgrades in Himachal Pradesh in India tapping on hydropower resources.

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CDM Executive Board Agrees to Launch CDM Policy Dialogue [viewed]

UNFCCC29 September 2011: The report of the 63rd meeting of the Clean Development Mechanism (CDM) Executive Board is now available. Back-to-back with the 63rd meeting, the Board also held its annual strategy retreat and among other things, agreed to launch a policy dialogue to review past CDM experience and help ensure the readiness and positioning of the CDM to meet the challenges of the post-2012 period.

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European Parliament Makes Recommendations for EU Position at Rio+20 [viewed]

29 September 2011: The European Parliament has adopted a resolution on developing a common EU position ahead of the UN Conference on Sustainable Development (UNCSD, or Rio+20), outlining its views on the concept of the green economy and desired outcomes of the Conference.

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Event: International Congress on Sustainable Transport [viewed]

The International Congress on Sustainable Transport (CITS) promotes mass transit systems in cities around the world and particularly in Latin America. It features conferences and workshops, on sustainable mobility, integrated transport in cities, and strategies to reduce transport's carbon footprint, during a three-day event. IDB is one of the sponsors of this event.  

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ECLAC Warns Caribbean Countries Against Costs of Inaction on Climate Change [viewed]

26 September 2011: A new UN Economic Commission for Latin America and the Caribbean (ECLAC) report estimates that mitigating and adapting to climate change could cost Caribbean countries 2-3% of their annual GDP between 2011 and 2050, but that the cost of inaction could be as high as 5% of annual GDP.

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UNEP Releases Report on Orangutan and Economics of Forest Conservation in Indonesia [viewed]

28 September 2011: The UN Environment Programme (UNEP) has released a report under the Great Apes Survival Partnership (GRASP), titled “The Orangutan and Economics of Forest Conservation in Sumatra.”

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