Economics, Trade & Investment

UNGA Approves Sustainable Development Resolutions, Establishes Preparatory Process for Rio+20 [viewed]

December 2009: Following approval by the Second Committee of the UN General Assembly (UNGA), the UNGA approved a series of draft resolutions on sustainable development in December 2009, including on climate change, harmony with Mother Earth, Mauritius Strategy, the International Strategy for Disaster Reduction (ISDR), agricultural commodities, and implementation of Agenda 21.

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Nominations Sought for Civil Society Observers to Climate Investment Funds [viewed]

16 December 2009: Members of non-profit civil society organizations, networks, or small, local communities involved in issues of climate change have been invited to vote for candidates to civil society observer seats on two sub-committees of the Climate Investment Funds' (CIF) Strategic Climate Fund (SCF): the Forest Investment Program (FIP) and the Scaling up Renewable Energy Program in Low Income Countries (SREP).

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Climate Investment Funds to Allocate US$800 Million for Asia [viewed]

18dic_09_0616 December 2009: Countries governing the Climate Investment Funds (CIF) have endorsed the use of a total of US$800 million from the CIF Clean Technology Fund (CTF) for a range of climate activities in the Philippines, Thailand and Viet Nam.

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IDB Finances Expansion of Wind Power in Mexico and Biofuels in Peru [viewed]

Idb15 December 2009: The Inter-American Development Bank (IDB) approved a US$102 million loan in partial financing for two wind power projects totaling 318 MW in the state of Oaxaca, Mexico.

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Nominations Sought for Private Sector Observers to Climate Investment Funds [viewed]

15 December 2009: The World Business Council for Sustainable Development is seeking nominations for private sector observers to two sub-programmes in the Climate Investment Funds (CIF): the Forest Investment Program (FIP) and Scaling up Renewable Energy in Low Income Countries (SREP) Funds.

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Climate Investment Funds Approve US$5.5 Billion for Clean Energy Technology and Launch Renewable Energy Programme [viewed]

14 December 2009: The development banks' Climate Investment Funds (CIF) have launched a new programme called "Scaling up Renewable Energy in Low Income Countries (SREP)," with pledges of US$210.7 million.

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EIB and Others Launch Infrastructure Fund [viewed]

4Eib December 2009: The European Investment Bank (EIB) and other European leading public financial institutions have launched "Marguerite," a pan-European equity fund that aims to act as a catalyst for infrastructure investments implementing key EU policies in the areas of climate change, energy security and trans-European networks.

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GEF, IFC and Standard and Poor's Develop Carbon Efficiency Index for Companies in Emerging Markets [viewed]

IfcGEF10 December 2009: The Global Environment Facility (GEF), the World Bank Group's International Finance Corporation (IFC) and Standard & Poor's (S&P) have launched the world's first carbon efficient index for emerging markets.

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UNCTAD Policy Brief Highlights Economic Opportunities of Mitigation [viewed]

10dic_09_06December 2009: The UN Conference on Trade and Development (UNCTAD) has published a policy brief titled "Climate change: turning costs into income opportunities," which addresses the distribution of costs and incomes of mitigation.

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World Bank Releases Publication on Lessons Learned with Carbon Finance [viewed]

9dic_09_028 December 2009: The World Bank has released a publication titled "10 Years of Experience in Carbon Finance - Insights from working with carbon markets for development & global greenhouse gas mitigation," which provides an overview of the Bank's experience of working with the Kyoto Protocol's flexibility mechanisms, namely the Clean Development Mechanism (CDM) and Joint Implementation (JI).

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