Economics, Trade & Investment

Nordic Council of Ministers Report Finds High Risk of Carbon Leakage [viewed]

28 February 2012: The Nordic Council of Ministers has released a report, titled “Carbon Leakage from a Nordic Perspective," that finds a high risk of carbon leakage, which occurs when industries move from countries with strict regulations to those with less rigorous approaches to addressing climate change.

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EU Commissioner for Climate Action Calls for Redefining the Concept of Growth [viewed]

EU27 February 2012: In an article titled “Let's All Grow Sustainably,” published by the European Commission, Connie Hedegaard, EU Commissioner for Climate Action and a member of the UN High-Level Panel on Global Sustainability, stresses the need to redfine the concept of growth, including by tackling climate change, as part of a new sustainable growth model.

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EIB, Caribbean Development Bank Launch Climate Action Lending Programme [viewed]

24 February 2012: The European Investment Bank (EIB) and the Caribbean Development Bank (CDB) agreed the details of a US$65 million dedicated Climate Action lending and technical assistance programme funded by the EIB for the 18 CDB member countries.

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CDEMA Launches Sub-Regional Consultations of Caribbean Disaster Management Officials [viewed]

Caribbean Disaster Emergency Management Agency (CDEMA)14 February 2012: The Caribbean Disaster Emergency Management Agency (CDEMA) has begun the second annual round of consultations among senior government officials in each of its four Sub-regions.

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World Bank and GEF Grants to Protect 13.5 Million Hectares in the Amazon [viewed]

World Bank - GEF23 February 2012: The World Bank has approved a US$15.9 million Global Environment Facility (GEF) grant to consolidate existing protected areas and create an additional 13.5 million hectares of protected areas in the Brazilian Amazon over the next four years.

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IDB Approves Loan to Modernize Public Transportation in Colombia [viewed]

IDB23 February 2012: The Inter-American Development Bank (IDB) has approved a US$105 million loan for the city of Cali, Colombia, to complete the modernization of its public transportation system.

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EBRD Finances Heat and Water Provision Efficiency for Municipality in Ukraine [viewed]

EBRD23 February 2012: The European Bank for Reconstruction and Development (EBRD) approved a €10 million loan to reduce energy loss in gas and electricity consumption and improve the quality of heat and hot-water provision in the Ukrainian municipality of Zhytomyr.

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Saudi Fund for Development Supports IFAD's Rural Development Projects [viewed]

24 February 2012: Responding to the food and nutrition crises in the Sahel and the Horn of Africa, and continued impacts of climate change, the Saudi Fund for Development (SFD) and the Arab Bank for Economic Development of Africa (BADEA) met with the International Fund For Agricultural Development (IFAD) to enhance collaboration on rural development in fragile States.

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BCIE Offers Credit Line for Renewable Energy in Guatemala [viewed]

22 February 2012: The Central American Bank for Economic Integration (BCIE) has granted a credit line to Guatemala's Agromercantil Banks SA (BAM) to loan for renewable energy projects in that country.

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BCIE Finances Wind Farm in Honduras, Hydropower Expansion in Costa Rica [viewed]

14 February 2012: The Central American Bank for Economic Integration (BCIE) announced, on 14 February 2012, financing for renewable energy projects in Costa Rica and Honduras, as well as for a project intended to link the national electrical grids of Central American countries.

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