Economics, Trade & Investment

UN Secretary-General Hopeful Ahead of Final Leg of Climate Change Negotiations [viewed]

© UN3 October 2009: Speaking at Copenhagen University, UN Secretary-General Ban Ki-moon stressed that “tackling climate change can set us on the road to peace and prosperity for all.”

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WTO Public Forum Addresses Conflicts and Coherence between Climate-Change Policies and Trade Rules [viewed]

1 October 2009: The World Trade Organization (WTO) Public Forum featured a panel on climate change policies and trade rules that looked into whether the interpretation of WTO agreements ensures sufficient policy space to adopt effective climate-change measures.

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UN Secretary-General Warns Collective Action on Climate Change Necessary to Avoid Catastrophe [viewed]

© UN1 October 2009: Speaking at Uppsala University, Uppsala, Sweden, UN Secretary-General Ban Ki-moon stressed that “if ever there were a time to act in a spirit of renewed multilateralism ... it is now.”

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World Bank Estimates Costs of Adaptation [viewed]

© The World Bank30 September 2009: The World Bank has presented the results of an Economics of Adaptation to Climate Change (EACC) study, which estimates costs of adaptation to climate change in developing countries will be in the order of US$75-100 billion per year for the period 2010-2050, considering a 2°C warmer world.

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GEF, UNEP and Partners Launch Renewable Energy Project Insurance Scheme [viewed]

© UNEP-GEF-CarbonRe24 September 2009: The Global Environment Facility (GEF) and the UN Environment Programme (UNEP) are supporting an innovative mechanism for insuring renewable energy projects in developing countries. The global renewable energy insurance facility, which was launched by Munich, RSA Insurance Group (RSA) and CarbonRe, will be operated via an internet website and will offer standard and customized insurance solutions for renewable energy projects in developing countries.

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UNEP Publishes Global Green New Deal Update [viewed]

© UNEP24 September 2009: A Global Green New Deal update by the UN Environment Programme (UNEP), launched on the eve of the G20 Summit in Pittsburgh, US, shows that the economies of China and the Republic of Korea are emerging as global leaders in their commitments to invest significant parts of their stimulus packages in environmental projects.

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UN Summit on Climate Change Discusses Measures to Help the Most Vulnerable and Emission Reduction Targets [viewed]

Secretary-General Ban Ki-moon greets US President Barack Obama as he arrives for the Climate Change Summit - © UN22 September 2009: The UN Summit on Climate Change convened in New York, US, on 22 September 2009, bringing together approximately 100 Heads of State and government. At the close of the Summit, UN Secretary-General Ban Ki-moon voiced optimism that negotiations for a new climate agreement are on the “right track,” but also warned that momentum must be maintained to ensure success in Copenhagen.

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UN Leadership Forum Discusses Private Sector Role in Climate Change Solution [viewed]

© UN22 September 2009: Organized by the UN Global Compact in collaboration with several UN organizations, the UN Leadership Forum brought chief executives together with Government leaders during a lunch event to hear how business would be part of the solution on climate change.

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UNDESA Prepares Policy Briefs on Climate Change Topics [viewed]

© UN DESAAugust 2009: The UN Department of Economic and Social Affairs (UNDESA) has prepared a series of Policy Briefs on a range of topics related to climate change, including: the energy challenge; industrial policies to face climate and development challenges; financing mitigation and adaption; climate justice; approaches and resources for multidimensional climate change threats; and technology transfer climate change: Beyond TRIPS.

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Long-Term Mitigation May Cost 0.1% of Average Global Annual GDP Growth - OECD [viewed]

© OECD18 September 2009: A new book titled The Economics of Climate Change Mitigation: Policies and Options for Global Action Beyond 2012, launched by the Organisation of Economic Co-operation and Development (OECD), concludes that a full-fledged global carbon market would cost just one-tenth of a percent of average world annual GDP growth between 2012 and 2050 to achieve moderately ambitious climate targets. Put differently, this would mean a 4% reduction in GDP in 2050 compared to a scenario where no policy action is taken. Over the same period, world GDP growth is projected to grow by more than 250%.

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