Economics, Trade & Investment

GEF STAP Workshop Considers Climate Change Science and Technology Advice [viewed]

30 March 2009: The Global Environment Facility's (GEF) Scientific and Technical Advisory Panel (STAP) held a workshop on 30 March 2009, in Washington DC, US, to develop the Panel's scientific and technical guidance for the Fifth GEF Replenishment's (GEF-5) strategic programming on climate mitigation policies and technologies.

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IDB Approves Energy Efficiency Project in Brazil [viewed]

27 March 2009: The Inter-American Development Bank (IDB) has approved a project to provide Brazil's Usiminas steel company a loan amounting to US$200 million. The first part of the project will finance investments in a new power cogeneration plant and related equipment to produce electricity using excess heat and gases that originate from the production of the steel, allowing the Belo Horizonte-based company to cut its production costs and reduce carbon emissions.

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World Bank Approves US$1.3 Billion Environmental Loan to Brazil [viewed]

25 March 2009: The World Bank approved a US$1.3 billion Development Policy Loan to help Brazil attain sustainable development goals linked to economic growth from Amazon sustainable development to climate change, as well as the water sector.

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World Bank Releases Independent Evaluation of Climate-Related Energy Lending and Management Response [viewed]

March 2009: The World Bank's Independent Evaluation Group (IEG) has released a report on “Climate Change and the World Bank Group,” which finds, among other issues, that fuel pricing is a key policy affecting emissions and identifies the absence of important information for the design and management of emissions-related policies.

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World Bank CIF Requests Feedback on Forest Program [viewed]

March 2009: The World Bank's Forest Investment Program (FIP), a part of its Climate Investment Framework (CIF), seeks to pilot and demonstrate new approaches to forest management that lead to major impacts in reducing greenhouse gas emissions from forests.

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ASEM to Hold First Ministerial Conference on Energy Security [viewed]

March 2009: The Asia-Europe Meeting (ASEM), an informal process of dialogue and cooperation bringing together the 27 EU member States and the European Commission with 16 Asian countries and the Association of Southeast Asian Nations Secretariat, is organizing the First ASEM Ministerial Conference on Energy Security, to be held from 17-18 June 2009, in Brussels, Belgium.

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World Bank's 2009 Development Marketplace Grant Competition Launched [viewed]

Development Marketplace

23 March 2009: The World Bank has launched its annual Global Development Marketplace competition for seed grants.

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Recommendations by the Commission of Experts of the UNGA President on Reforms of the International Monetary and Financial System Address Nexus between Climate Change and the Economic Crisis [viewed]

19 March 2009: The UN General Assembly (UNGA) President has transmitted the recommendations of the Commission of Experts of the President of the UNGA on Reforms of the International Monetary and Financial System to UN member States. The recommendations will be addressed in an interactive thematic dialogue on “The World Financial and Economic Crisis and its Impact on Development,” which will convene from 25-27 March 2009, at UN Headquarters in New York, US.

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First GEF-5 Replenishment Meeting Convenes in Paris [viewed]

First GEF-5 Replenishment Meeting Convenes in Paris

18 March 2009: Thirty countries met in Paris, France, to discuss the fifth replenishment of the Global Environment Facility (GEF-5), with several calling for a substantial increase in the replenishment of the GEF. The First Meeting of Contributing Participants towards GEF-5 gathered prospective donors from developed and developing countries from 17-18 March 2009, to consider, inter alia, innovative sources of funding, including the possibility of obtaining carbon credits for GEF projects that mitigate greenhouse gas emissions.

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EBRD Publishes Green Investment Scheme Manual and Model Agreement [viewed]

European Bank for Reconstruction and Development

March 2009: The European Bank for Reconstruction and Development (EBRD), with financing from the Government of the Netherlands, has published a Green Investment Scheme (GIS) Manual and Model Agreement.

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