Economics, Trade & Investment

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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EBRD Supports Energy Efficient Projects in Hungary [viewed]

19 May 2011: The European Bank for Reconstruction and Development (EBRD) and Erste Bank Hungary signed an agreement providing for a EUR15 million loan facility to stimulate energy efficiency projects in Hungarian municipalities, municipal companies and private energy saving companies providing services to local authorities.

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SPC Highlights Impacts of Climate Change on Agriculture [viewed]

19 May 2011: In addresses to two recent climate change meetings in the Pacific region, Inoke Ratukalou, Acting Director of the Secretariat of the Pacific Community (SPC) Land Resource Division (LRD), has stressed the need to protect SIDS' agriculture sector from the impacts of climate change, and emphasized that climate change should be considered a development issue, not just an environmental one.

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IEA Meeting Outlines Plans for Report on Improving Energy Access Financing [viewed]

18 May 2011: The International Energy Agency (IEA) organized a meeting of 60 energy access experts to begin preparations for a special section titled “Energy for all: financing access to the poor,” to be included in the IEA's “World Energy Outlook 2011.” 

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UNDP Asia and Pacific Director Calls for Building LDCs' Resilience [viewed]

UNDP17 May 2011: In a op-ed published originally in the South China Morning Post, Ajay Chibber, UN Development Programme (UNDP) Regional Director for Asia and Pacific, underscores the need to support the least developed countries (LDCs) in building their resilience and reducing their vulnerability to external shocks, including natural disasters and man-made crises.

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EBRD Supports Energy-Efficient Railways in Kazakhstan [viewed]

17 May 2011: The European Bank for Reconstruction and Development (EBRD) has entered into a memorandum of understanding (MOU) with Kazakhstan's railway authorities to promote an energy efficient railway network.

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European Commission Publishes Study on Electric Vehicles [viewed]

17 May 2011: The European Commission has published a study on the possible impacts of introducing electric vehicles in the EU, including their potential market uptake.

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EU Ministers Discuss Next Steps in International Climate Finance [viewed]

17 May 2011: The European Council of Economic and Financial Affairs adopted conclusions on key issues and next steps in international climate finance, including the endorsement of an updated final report on fast-start finance provided in 2010, emphasizing that it confirms that the EU and its member States have mobilized EUR2.34 billion in 2010 as part of a broader commitment to provide EUR7.2 billion cumulatively over the period 2010-12.

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