Economics, Trade & Investment

World Bank Outlines Steps to Increase Drought Resilience in Africa [viewed]

World Bank19 December 2011: The World Bank has released a policy paper titled "The Drought and Food Crisis in the Horn of Africa: Impacts and Proposed Policy Responses for Kenya," which highlights four broad policy changes that can be taken by Kenya to reduce its vulnerability to future droughts as climate change continues to reduce rainfall in the region.

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New Latin America and Caribbean Forum Adopts Declaration of Caracas and Action Plan [viewed]

6 December 2011: The founding Summit of Heads of State and Government from 33 Latin America and Caribbean (LAC) countries has agreed that the newly formed Community of LAC States (CELAC) shall work together to take common positions and form regional strategies in a variety of policy areas, including energy.

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Caribbean Development Bank Finances State of Water Study in Caribbean Countries [viewed]

6 December 2011: The Board of Directors of the Caribbean Development Bank approved a US$275,000 loan to assist in financing an assessment of the state of the water sector in all Bank borrowing member countries (BMCs) except Haiti.

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GEF Supports Voluntary Mitigation Mechanism in Colombia [viewed]

GEF16 December 2011: Colombia has begun implementing a national mechanism for voluntary mitigation of greenhouse gas (GHG) emissions, supported by a $2.7 million grant from the Global Environment Facility (GEF) and co-financing of more than $7.9 million. 

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European Commission Unveils Energy Roadmap 2050 [viewed]

EU15 December 2011: The European Commission has unveiled its Energy Roadmap 2050, which aims to cut emissions by over 80% by 2050 without disrupting energy supplies and competitiveness.

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2011 SEED Awards Focus on African Entrepreneurs [viewed]

15 December 2011: The 2011  Supporting Entrepreneurs for Environment and Development (SEED) Awards, announced by the UN Environment Programme (UNEP), were granted to 35 entrepreneurs from 14 countries for their inspiring grassroot businesses that contribute to meeting current sustainable development challenges.

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CPF Calls for Investment in Mountain Ecosystems [viewed]

CPF14 December 2011: The Collaborative Partnership on Forests (CPF) has issued a press release highlighting the need for increased investment in, and attention to, adaptation and resilience issues regarding fragile mountain ecosystems.

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UNEP Executive Director Releases Op-Ed on Access to Data [viewed]

12 December 2011: Achim Steiner, UN Environment Programme (UNEP) Executive Director, wrote an op-ed during the Eye on Earth Summit that seeks to strengthen existing efforts and inspire undertakings to find a solution to issues that prohibit universal data access. 

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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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