Economics, Trade & Investment

World Bank Reports on CDM Wind Power Project in the Philippines [viewed]

The World Bank's carbon finance program provides clean electricity to poor communities and helps reduce emission of harmful greenhouse gases that cause climate change. It has also catalyzed the emergence of the carbon market that is transforming renewable energy financing in the Philippines.

2 February 2009: The World Bank has reported the success of a Clean Development Mechanism (CDM) wind-power project in Bangui Bay, where the Bank's carbon finance programme is funding a wind farm with a 33 MW capacity and the possibility to provide half the province's power needs.

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World Bank's Annual Development Marketplace to Focus on Adaptation to Climate Change [viewed]

Development Marketplace

January 2009: The World Bank has launched its annual Development Marketplace competition for seed grants, which will be focused on innovations for climate change adaptation.

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UNDP Welcomes Davos Emphasis on Climate Change [viewed]

UN Development Programme (UNDP)

29 January 2009: Commenting on the message on climate change “Shaping an Opportunity Out of Crisis” issued to the participants at the World Economic Forum taking place in Davos, Switzerland, the UN Development Programme (UNDP) welcomed the emphasis placed on addressing climate change at this year's edition of the event. 

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World Bank Releases Technical Report on Development and Climate Change [viewed]

World Bank Releases Technical Report on Development and Climate Change

28 January 2009: The World Bank has released an extensive technical report that serves as a background document for its strategic framework for climate change approved in 2008, titled “Development and Climate Change: A Strategic Framework for the World Bank Group.”

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IDB Supports Renewable Energy Matrix in Peru [viewed]

IDB supports creation of new sustainable energy matrix in Peru

28 January 2009: The Inter-American Development Bank (IDB) will provide financial and technical support to the Government of Peru to support an integrated approach to developing conventional and renewable energy sources in order to contribute to climate change mitigation. A new energy matrix is the centerpiece of a package of measures Peru has agreed to carry out under a US$150 million programmatic policy-based loan approved by the IDB Board of Executive Directors on 28 January 2009.

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OECD's Secretary-General's Message to Davos: Promote a “Green” Recovery [viewed]

Article by OECD's Secretary-General

27 January 2009: The World Economic Forum Annual Meeting 2009 opened in Davos, Switzerland, under the overall theme “Shaping the Post-Crisis World.” Over 2,500 participants and 40 Heads of State and government are participating in the meeting, where business, civil society and government leaders have gathered to share ideas on how to shape the post-crisis agenda, from economic reform to climate change. In an article entitled “The world needs to rewrite the rules of finance and global business,” Angel Gurría, Secretary-General of the Organisation for Economic Co-Operation and Development (OECD), writes that the Organisation is focusing on a strategic response to the crisis involving specific policy recommendations. He stresses the need for new thinking in various areas, including in tackling climate change, social exclusion and poverty, and calls for encouraging “the low-carbon innovation needed for a “green” recovery.”

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Qatar Joins World Bank's Global Gas Flaring Reduction Partnership [viewed]

Qatar Joins World Bank's Global Gas Flaring Reduction Partnership

25 January 2009: The World Bank's Global Gas Flaring Reduction partnership (GGFR) welcomed Qatar as the first Gulf State to join the global effort to reduce the flaring of gas associated to oil production.

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World Bank Approves Energy Efficiency Project in Honduras [viewed]

World Bank

22 January 2009: The World Bank Board of Directors has approved a US$30 million interest-free loan to strengthen the energy sector in Honduras. The project's three components are: building the national electric power company's (Empresa Nacional de Energía Eléctrica (ENEE)) management and commercial capacity; renewing and rehabilitating distribution equipment, including the removal of polluted transformers; and institutional strengthening and corporate governance.

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ESCAP's Asia-Pacific Business Forum Sets Out Proposals for Asia-Pacific Region's Climate Change Response [viewed]

 Climate Change Meeting Sets Out Key Proposals for Asia-Pacific Region's Response

22 January 2009: The Asia-Pacific Business Forum 2009/Climate Game Change – Innovations and Solutions for Climate Change Adaptation convened in Bangkok, Thailand, on 21 January 2009. The Forum was organized by the UN Economic and Social Commission for Asia and the Pacific (ESCAP) and the Swedish International Development Cooperation Agency (Sida), and it brought together 300 representatives from the private sector, government, civil society and international organizations, with the aim of promoting new partnerships, ideas and resolve for combating climate change.

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South Centre Releases Report on Climate Change Financing [viewed]

January 2009: South Centre, an intergovernmental think tank of developing countries, has released a report entitled “Developed Country Climate Financing Initiatives Weaken the UNFCCC,” which examines the level and delivery vehicles of public financing for climate change actions in developing countries from Annex I parties of the UNFCCC.

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