Economics, Trade & Investment

Small Islands Exchange Lessons on Climate Change, DRR [viewed]

24 May 2011: Opening the conference titled “Lessons for Future Action: Climate Change Adaptation and Disaster Risk Reduction in Small Island States,” Tuilaepa Sailele Malielegaoi, Prime Minister of Samoa, urged participants to share lessons learnt on climate change and disaster risk management, so small island developing States (SIDS) can strategize for a better future in the face of climate change.

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EBRD Discussion Panel Addresses Promotion of Green Investments [viewed]

23 May 2011: The European Bank for Reconstruction and Development (EBRD) held a discussion panel titled "Weaving the Magic Carpet: How to Make Climate Finance Flow in the Region," which brought different perspectives on how to integrate climate finance to stimulate investments from the private sector in order to achieve a low-carbon future.

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GEF Marks 20th Anniversary [viewed]

23 May 2011: To mark the 20th anniversary of the Global Environment Facility (GEF), the GEF organized a gala reception on the eve of the 40th meeting of the GEF Council.

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UN Celebrates International Biodiversity Day [viewed]

23 May 2011: The International Day for Biological Diversity (IDB) was celebrated around the world on 22 May 2011 under the theme of forest biodiversity, as a contribution to 2011 – International Year of Forests.

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ADB Invests in Climate Change Technology Venture Capital Funds [viewed]

23 May 2011: The Asian Development Bank (ADB) is investing $60 million to set up three climate change venture capital funds, primarily engaged in markets in China and India.

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African Forum on Financing for Development Considers Accessing Climate Finance [viewed]

20 May 2011: The African Forum on Financing for Development, organized by the UN Economic Commission for Africa (UNECA) in collaboration with its development partners, focused on reviewing progress, examining key thematic issues relating to development finance in Africa, and proposing the way forward on issues relating to development finance for Africa.

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UNDP Launches Guidebook on Catalyzing Climate Finance [viewed]

19 May 2011: The UN Development Programme (UNDP) has launched a publication titled "Catalyzing Climate Finance: A Guidebook on Policy and Financing Options to Support Green, Low-emission, Climate-resilient Development," which aims to enable countries to better assess the level and nature of assistance they will require to catalyze climate capital based on their national, regional and local circumstances.

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World Bank Auctions Adaptation Fund CERs [viewed]

20 May 2011: The World Bank, as Trustee for the Adaptation Fund, has completed an auction of 200,000 tons of certified emission reductions (CER) at Euro 12.52 per ton.

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World Bank Lends US$200 Million for Energy Efficiency Projects in Ukraine [viewed]

17 May 2011: The World Bank approved a project to improve energy efficiency in industrial companies, municipalities and municipally-owned enterprises and energy service companies in Ukraine by facilitating bank lending for energy efficiency investments.

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Event: AfDB 2011 Annual Meetings [viewed]

These meetings, organized around the theme “Towards an Agenda for Inclusive Growth in Africa,” will review the African Development Bank's (AfDB) 2010 operations and its 2012 development funding portfolio, as well as challenges facing the African region in key areas such as climate change, infrastructure, private sector and governance. The meetings will also include: a high-level seminar on "Financing Energy and Green Growth;" a meeting on capacity building in science, technology and innovation; a meeting on the Inga power project (two hydroelectric dams); and the launch of African Economic Outlook 2011, which focuses on Africa's growing integration in the world economy and its diversifying partnerships revealing unprecedented economic opportunities.  

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