Economics, Trade & Investment

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.

read more »

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."

read more »

GEF Council Approves Programme that Includes Great Green Wall Initiative [viewed]

26 May 2011: The 40th meeting of the Global Environment Facility (GEF) Council, together with the tenth meeting of the Council of the Least Developed Country Fund (LDCF) and Special Climate Change Fund (SCCF), has approved an integrated land-use programme to fund investments to address priorities set by 12 African countries in West Africa and the Sahel.

read more »

UNEP and European Commission Launch Metal Recycling and Decoupling Reports [viewed]

26 May 2011: The European Commission and the UN Environment Programme (UNEP) have jointly launched reports on metal recycling and decoupling, during Green Week in Brussels, Belgium.

read more »

European Commission Unveils Public Consultation Results on Environmental Financing [viewed]

26 May 2011: The European Commission has published the results of the online consultation on the future of LIFE+, the EU environmental funding tool. Respondents have expressed their views on the need for a specific financial instrument for the environment and climate action, on ways to boost its added value, and on the architecture of such an instrument in the next programming period.

read more »

Event: UNITAR/WTI Course on Trade and Climate Change [viewed]

This course is organized by the UN Institute for Training and Research (UNITAR) and World Trade Institute (WTI) as part of their suite of joint e-Learning courses on international trade policy and regulation. The aim of the course is to explore key legal and economic issues arising from the climate change debate, including the relationship between the World Trade Organization (WTO) Agreement and multilateral environmental agreements (MEAs) that address climate change. It will also examine the legality under international trade rules, of domestic and international trade measures to reduce greenhouse gas (GHG) emissions and measures designed to influence the behavior of trading partners. The course will begin on 20 June, and continue until 15 July.  

read more »

IDB Invests in Solar Energy in Brazil [viewed]

26 May 2011: The Inter-American Development (IDB) is supporting a solar project in Tauá, in Northeast Brazil, that will be the first ever large scale power generation project to connect a photovoltaic (PV) system into the national interconnected system in Brazil.

read more »

GEF Council Adopts Decision to Broaden GEF Partnership, New Funds Pledged [viewed]

26 May 2011: The 40th meeting of the Global Environment Facility (GEF) Council has adopted a decision on broadening the GEF Partnership under Paragraph 28 of the GEF Instrument, which establishes criteria and accreditation procedures for allowing new entities into the Partnership during a pilot phase.

read more »

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.

read more »

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.

read more »