Economics, Trade & Investment

EBRD Invests in Renewable Energy and Efficiency Projects in Turkey [viewed]

29 September 2011: The European Bank for Reconstruction and Development (EBRD) is supporting Turkey's investments in renewable energy and energy efficiency projects to increase energy savings and reduce carbon emissions.

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Event: Durban Trade and Climate Change Symposium [viewed]

The International Centre for Trade and Sustainable Development (ICTSD) is co-organising the Durban Trade and Climate Change Symposium together with the World Trade Organization (WTO) and the Department of Trade and Industry of the Republic of South Africa.  

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EU Finance Ministers Recommend Progress on Climate Finance [viewed]

4 October 2011: The Economic and Financial Affairs Council of the EU, which gathers EU finance ministers, has adopted conclusions on climate finance, in which the Council stresses the need to provide a transparent report on fast-start finance to ensure trust among UNFCCC parties, confirming that the EU will report in Durban on this issue.

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EU-Brazil Summit Tackles Climate Change, Energy and Social Dimension of Rio+20 [viewed]

4 October 2011: The Fifth EU-Brazil Summit was held in Brussels, Belgium, on 4 October 2011. The resulting joint statement addresses climate change, energy and the UN Conference on Sustainable Development (UNCSD, or Rio+20), among other issues.

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EBRD Supports Hydropower Project in Ukraine [viewed]

29 September 2011: The European Bank for Reconstruction and Development (EBRD) has approved a loan to finance upgrades of hydro- and electro-mechanical equipment at Ukrgidroenergo's (UHE) hydropower plants. UHE is Ukraine's state-owned operator of large hydro-generating and pump storage facilities.

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Event: Energy for All: Financing Access for the Poor [viewed]

The Oslo Energy for All 2011 high-level conference is co-organized by Norway and the International Energy Agency (IEA), and aims to explore possible ways of financing access to energy for the 1.4 billion people without access to electricity and 2.5 billion people who still use traditional biomass for cooking. Five countries from the South - Brazil, Ethiopia, India, Liberia and South Africa – have been invited to be organizing partners. High-level participants will include Norwegian Crown Prince Haakon Magnus, Norwegian Prime Minister Jens Stoltenberg, UN Secretary-General Ban Ki-moon, and UN Industrial Development Organization (UNIDO) Director-General Kandeh Yumkella. Registration is by invitation only.  

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OECD/IEA Report Calls for Fossil Fuel Subsidies Reform [viewed]

4 October 2011: The International Energy Agency (IEA) and the Organisation for Economic Co-operation and Development (OECD) have jointly released a publication titled “Inventory of estimated budgetary support and tax expenditures for fossil fuels,” which highlights the need to reform fossil-fuel subsidies to improve the economy and environment.

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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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