Economics, Trade & Investment

EIB Funds Low-Carbon Vehicle Engine Research at Ford [viewed]

12 July 2010: The European Investment Bank (EIB) will provide GBP 450 million to the car-maker Ford for the development of low-carbon emission diesel and petrol engines.

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WTO Negotiations on Environmental Goods and Services Continue [viewed]

1 July 2010: The World Trade Organization (WTO) negotiations on Environmental Goods and Services continued during a meeting of the Committee on Trade and Environment Special Session (CTE-SS), with proposals to include carbon capture and storage (CCS), natural gas and biofuels among environmental goods.

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EU Commission Prepares for Third Phase of EU ETS [viewed]

9 July 2010: The European Commission has adopted a decision determining for the first time a cap on the number of emission allowances that will be available under the EU Emissions Trading System (EU ETS) in 2013, the beginning of the third phase of the System covering the 2013-2020 trading period. It also launched a tool to estimate fuel consumption by small aircraft operators as part of their compliance with the EU ETS.

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ADB Invests in Clean Development Fund for the Greater Mekong Subregion [viewed]

9 July 2010: The Asian Development Bank (ADB) has announced that it will invest US$15 million to support clean energy projects in the Greater Mekong Subregion and South Asia through the Mekong Brahmaputra Clean Development Fund.

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Event: 10th Annual Workshop on Greenhouse Gas Emission Trading [viewed]

The International Energy Agency (IEA), the International Emissions Trading Association (IETA) and the Electric Power Research Institute (EPRI) are hosting the 10th Annual Workshop on Greenhouse Gas Emission Trading. The workshop will focus on issues relating to the future of carbon markets, including new and scaled up market mechanisms, oversight, regional issues, and accounting.  

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GEF Council Approves Major Reforms in New Funding Cycle [viewed]

2 July 2010: The 38th meeting of the Global Environment Facility (GEF) Council took place in Washington DC, US, from 29 June-1 July 2010, and approved major reforms aimed at helping developing countries to meet international environmental challenges, including those related to climate change and biodiversity.

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World Bank Supports Adaptation in the Philippines [viewed]

29 June 2010: The World Bank's Board of Executive Directors has approved a pilot project in the Philippines, called the Climate Change Adaptation Project (CCAP), which is designed to enable targeted rural communities to cope with the impact of climate change.

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UNDESA Releases World Economic and Social Survey 2010 [viewed]

29 June 2010: The UN Department for Social and Economic Affairs (UNDESA) has released the World Economic and Social Survey (WEES) 2010, which indicates that many of the global crises in recent years – such as the food, fuel and financial crises – are to a large extent due to major systemic failures in the global economy and weaknesses in the mechanisms for global governance.

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UNEP Promotes Green Economy in Africa, Launches 2010 SEED Awards [viewed]

28 June 2010: The UN Environment Programme (UNEP) hosted a side-event titled "Fostering a Green Economy Transformation in Africa" at the 13th session of the African Ministerial Conference on the Environment (AMCEN), which convened from 20-25 June in Bamako, Mali. Initiatives to achieve green economy transformation in South Africa, Kenya, Rwanda and Uganda were presented.

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Seventh Ministerial Meeting of the EU-OPEC Energy Dialogue Held [viewed]

28 June 2010: The seventh ministerial meeting of the Energy Dialogue between the EU and the Organization of the Petroleum Exporting Countries (OPEC) was held in Brussels, Belgium, on 28 June 2010, to discuss recent energy policies and oil market developments in the EU and OPEC, and prepare the ground for future joint activities.

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