Economics, Trade & Investment

World Bank Carbon Finance Unit Responds to Civil Society [viewed]

© World Bank14 July 2009: Joëlle Chassard, Manager of the World Bank's Carbon Finance Unit, engaged in an online chat with people from all over the world, responding to queries related to the Bank's work on carbon finance on issues ranging from deforestation to financing clean energy for the poor.

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UNEP Report on Green Investments Wins Asset Managers Support [viewed]

14 July 2009: The UN Environment Programme Finance Initiative (UNEP FI) Asset Management Working Group, a partnership between UNEP and over 180 financial institutions worldwide, has released a report titled “Fiduciary Responsibility - Legal and Practical Aspects of Integrating Environmental, Social and Governance Issues into Institutional Investment.” The Group of 180 asset managers represents approximately US$2 trillion in assets under management and argue that integrating environmental, social and governance (ESG) considerations into investment decisions is no longer a luxury, but a legal responsibility.

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EBRD Funds Use of Forest Waste for Biomass-Fired Heat and Power Plants [viewed]

13 July 2009: The European Bank for Reconstruction and Development (EBRD) will provide a loan for the equivalent of €29 million to phase-out inefficient diesel and oil-fired generators in Siberia, Russia.

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ADB Funds CCS and Wind Energy in China [viewed]

© ADB9 July 2009: The Asian Development Bank (ADB) will provide a US$1.25 million technical assistance loan to promote carbon dioxide capture and storage (CCS) demonstration projects in China, as well as a US$24 million loan to finance a wind farm in the Inner Mongolia Autonomous Region.

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UN/ISDR Urges G8 to Advance Action Points on Climate Change and Disaster Reduction [viewed]

© UN/ISDR7 July 2009: The UN International Strategy on Disaster Reduction (UN/ISDR) urged the G8 Summit convening in L'Aquila, Italy, from 8-10 July, to apply their “considerable influence, resources and political will” to advance five major action points on disaster risk reduction (DRR).

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Adaptation Fund Board Discusses Operational Guidelines [viewed]

© Adaptation Fund6 July 2009: The Adaptation Fund (AF) Secretariat has posted a summary of the proceedings of the sixth AF Board meeting, which convened in Bonn, Germany, from 15-17 June 2009, and discussed elements related to the AF's Operational Guidelines.

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UNEP Hosts Chinese CEOs to Exchange Views on Green Economy [viewed]

© UNEP2 July 2009: The United Nations Environment Programme (UNEP) hosted a workshop for 16 Chinese Chief Executive Officers (CEOs) to discuss UNEP's Green Economy initiatives and its work on combating climate change, international campaigns, and activities on green construction, reforestation and green technology.

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Private Sector Representatives Sought for World Bank Climate Investment Funds [viewed]

1 July 2009: The World Business Council on Sustainable Development (WBCSD) is currently seeking applications by business associations to attend meetings of two Climate Investment Fund committees – the Clean Technology Fund and Strategic Climate Fund – and one subcommittee - the Pilot Program for Climate Resilience.

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World Bank Approves Energy Efficiency Projects in India and Tunisia [viewed]

© World Bank 30 June 2009: The World Bank has approved two energy efficiency projects: one in India to replace centrifugal chillers; and one in Tunisia to develop a market for energy efficiency products.

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World Bank Publishes Report on Ecosystem-Based Approaches to Climate Change [viewed]

June 2009: The World Bank's Environment Department has published a report titled “Convenient Solutions to an Inconvenient Truth: Ecosystem-based Approaches to Climate Change,” which sets out an argument for including ecosystem-based approaches to mitigation and adaptation as a third and essential pillar in national strategies to address climate change.

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