Economics, Trade & Investment

GEF Climate Change Fund Supports Weather Risk Insurance in the Balkans [viewed]

GEF10 November 2011: The Special Climate Change Fund (SCCF), administered by the Global Environment Facility (GEF), is providing a US$5.5 million grant to develop the disaster and weather-risk insurance market and mitigate the negative impacts of climate change in Albania, FYR Macedonia, and Serbia.

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IDB Funds Fuel Diversification and Renewables in Barbados [viewed]

IDB10 November 2011: The Inter-American Development Bank (IDB) has approved a US$70 million loan to support energy diversification and power saving efforts in Barbados, expected to save 4.5 million tons of carbon dioxide equivalent by 2029.

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FCPF Releases 2011 Annual Report [viewed]

November 2011: The Forest Carbon Partnership Facility (FCPF), hosted at the World Bank, has released its annual report for the fiscal year 2011. The report highlights strengths and weaknesses of the Facility to date.

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Ban, Norway's Prime Minister Discuss Sustainable Development, Climate Change [viewed]

Ban Ki-moon, UN Secretary General9 November 2011: UN Secretary-General Ban Ki-moon met with Norway's Prime Minister Jens Stoltenberg at UN Headquarters in New York, US, to discuss climate change and sustainable development, among other issues.

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OECD Launches Web Platform on Policy Coherence for Development [viewed]

November 2011: The Organisation for Economic Co-operation and Development (OECD) has launched an online platform on Policy Coherence for Development (PCD) that aims to act as a “one-stop-shop” on PCD resources, open to all stakeholders.

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GEF Council Evaluates Reducing Fees, Discusses Private Sector Engagement [viewed]

10 November 2011: During its 41st meeting, the Global Environment Facility (GEF) Council approved its work programme for the next year and initiated the search for a new CEO. The work programme includes 40 project concepts and nine programmatic approaches, including 11 for the biodiversity focal area, eight on climate change, two on international waters, 23 on land degradation, and five on persistent organic pollutants (POPs).

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GEF Council, LDCF and SCCF Approve Projects on Climate Change and Blue Carbon [viewed]

10 November 2011: The Global Environment Facility (GEF) Council, at its 41st Council Meeting, approved decisions on the administration of the GEF as well as a work programme of 40 stand-alone projects and nine programmatic approaches amounting to US$516.40 million, including several climate change and energy-related projects. Projects were also approved within the Special Climate Change Fund (SCCF) and Least Developed Countries Fund (LDCF).

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CAF Invests in Clean Energy Fund for Latin America [viewed]

4 November 2011: The Latin American Development Bank (CAF) has announced that it will make a US$10 million equity investment in the Latin America CleanTech Fund II.

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European Parliament Studies Climate Change Effects in Outermost Regions [viewed]

November 2011: The European Parliament has published a study titled “The Role of Regional Policy in Addressing the Effects of Climate Change in Outermost Regions,” which explores potential effects of climate change on the EU Outermost regions, and presents the measures and initiatives within EU Regional Policy supporting mitigation and/or adaption measures in these regions.

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World Energy Outlook 2011 Warns Against Unsustainable Energy Future [viewed]

9 November 2011: The International Energy Agency's (IEA) annual flagship publication, the “World Energy Outlook 2011,” stresses that increasing investments in high-carbon infrastructure are making the 2°C international climate change goal more challenging and expensive to meet.

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