Economics, Trade & Investment

ECOSOC Holds Special High-Level Meeting [viewed]

19 March 2010: A Special high-level meeting of UN Economic and Social Council (ECOSOC) with the Bretton Woods institutions, the World Trade Organization (WTO) and the UN Conference on Trade and Development (UNCTAD), took place on 18-19 March 2010, in New York, US, under the theme “Building on Monterrey and Doha: towards achieving the internationally agreed development goals, including the Millennium Development Goals.” During the meeting, participants highlighted climate change as a pressing challenge for international financial institutions.

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CIF Meetings Conclude [viewed]

19 March 2010: The Climate Investment Funds (CIF) held several back-to-back meetings from 15-19 March 2010, in Manila, the Philippines, hosted by the Asian Development Bank (ADB), where plans were unveiled to mobilize some US$40 billion for country-led low carbon growth.

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OECD Publishes Report on Microfinance for Adaptation [viewed]

12 February 2010: The Organisation for Economic Co-operation and Development (OECD) has published a working paper on "Assessing the Role of Microfinance in Fostering Adaptation to Climate Change," which focuses on delivery mechanisms to channel adaptation resources towards the poor, who are also often the most vulnerable to the impacts of climate change.

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Indonesia Receives CTF Funding [viewed]

16 March 2010: The Trust Fund Committee of the Clean Technology Fund (CTF), which  met on 15 March 2009, in Manila, the Philippines, endorsed US$400 million in funding for Indonesia's geothermal power sector to meet the Government's goal of reducing greenhouse gas (GHG) emissions by 26% by 2020.

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GEF Replenishment Negotiations Continue [viewed]

14 March 2010: The Global Environment Facility (GEF) convened a meeting to discuss the fifth replenishment of its Trust Fund, during which participants considered replenishment options between US$3.6-4.6 billion for the period 2010-2014.

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International Conference on Major Forest Basins Discusses REDD+ Funding [viewed]

12 March 2010: The International Conference on the Major Forest Basins, which took place in Paris, France, on 11 March 2010, discussed funding for REDD+ (reducing emissions from deforestation and forest degradation in developing countries, plus conservation, sustainable management of forests, and stock enhancement) activities during 2010-2012.

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UNWTO Secretary General Urges Tourism Sector to Take Part in the Green Economy [viewed]

9 March 2010: In an opening speach to the ITB Travel Trade Show, which is convening in Berlin, Germany, from 10-14 March 2010, UN World Tourism Organization (UNWTO) Secretary-General Taleb Rifai urged the tourism sector to ensure that global policies are supportive of the sustainable growth of tourism.

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Poverty Environment Partnership Meeting Addresses Climate and Environment Mainstreaming [viewed]

8 March 2010: The 15th meeting of the Poverty Environment Partnership (PEP 15), which took place from 1-5 March 2010, in Lilongwe, Malawi, convened under the theme “Climate and Environment Mainstreaming and the Green Economy to Achieve the Millennium Development Goals.”

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Event: Inter-American Development Bank (IDB) Annual Meeting [viewed]

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Chile and European Investment Bank Sign Agreement for Climate Financing [viewed]

9 March 2010: European Investment Bank (EIB) Vice-President Carlos da Silva Costa and Chile's Ambassador to the EU, Carlos Appelgren, have signed a framework agreement that aims to foster sustainable growth through the financing of investment projects of mutual interest that, inter alia, support climate change mitigation policies.

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