4 December 2008: The International Conference on Financing for Development to Review the Implementation of the Monterrey Consensus, attended by 92 countries, expressed its “deep concern that the international community is now challenged by the severe impact on development of multiple, interrelated global crises and challenges,” highlighting increased food insecurity, volatile energy and commodity prices, climate change and a global financial crisis.
3 December 2008: The UN Environment Programme (UNEP) has released an advance copy of “Public Finance Mechanisms to Mobilise Investment in Climate Change Mitigation.” UNEP's Division of Technology, Industry and Economics, under its Sustainable Energy Finance Initiative, commissioned the report as a contribution to the UNFCCC Secretariat Technical Paper “Investment and Financial Flows to Address Climate Change: An Update.”
1 December 2008: The UN Environment Programme (UNEP) has convened economists, academics and leaders of private and public institutions at an “International Workshop to take forward the Global Initiative on the Green Economy.” The workshop, which is meeting in Geneva, Switzerland, is considering the US$4 million UN Green Economy Initiative, which was launched on 22 October 2008, and seeks to respond to the global economic downturn by focusing policymakers on the promise of economic growth and job creation in environmental industries.
28 November 2008. The Organization for Economic Cooperation and Development (OECD) has published a booklet entitled “Climate Change Mitigation: What Do We Do?” that reviews the economics behind climate change mitigation options.
25 November 2008: Speaking ahead of the UN Climate Change Conference in Poznan, Poland, Richard Damania, World Bank Lead Environmental Economist for the South Asia Region, described the climate-related challenges in South Asia as daunting.
14 November 2008: The Global Environment Facility (GEF) Council re-elected Monique Barbut as CEO during its biannual meeting, which took place from 11-13 November 2008, in Washington DC, US. The Council also renewed efforts to scale up technology transfer to developing countries looking to mitigate and adapt to climate change challenges, by approving projects amounting to US$50 million for climate-related activities.
13 November 2008: The World Bank is moving ahead with the
Energy for the Poor initiative, a programme that seeks to provide rapid support
for countries' efforts to strengthen social safety nets to reduce the poor's
vulnerability to volatile fuel prices.
6 November 2008: The World Bank, in partnership with SEB and
Scandinavian institutional investors, will raise funds for projects seeking to
mitigate climate change or promote adaptation to its effects, through the issue
of a “World Bank green bond.”
7 November 2008: At the 44th session of the International
Tropical Timber Council and the Associated Sessions of the four Committees
(Finance and Administration, Economic Information and Market Intelligence,
Forest Industry, and Reforestation and Forest Management), the European
Commission (EC) announced a communication on deforestation and climate change,
with the goal of informing the EU position at the upcoming climate change
negotiations in Poznan, Poland.
6 November 2008: Documents for the 34th Global Environment Facility (GEF) Council meeting,
which will convene from 11-13 November 2008, in Washington DC, US, are