Economics, Trade & Investment

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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UN Secretary-General Stresses Role of Industry in Moving Towards a Low-Carbon Economy [viewed]

Unido7 December 2009: In a message to the 13th session of the General Conference of the UN Industrial Development Organization (UNIDO) in Vienna, Austria, UN Secretary-General Ban Ki-moon welcomed the meeting's focus on how industry can become a vehicle for green growth.

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UNEP and GEF Support a Greener Football World Cup in 2010 [viewed]

GEF7 December 2009: The UN Environment Programme (UNEP) and the Global Environment Facility (GEF) have announced support towards greening the World Cup with a one million dollar funding package to ensure that the event has a long-term sustainable impact on the country and the region.

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UNFCCC Secretariat Publishes Submission on Funds Managed by the GEF [viewed]

UNFCCC5 December 2009: The UNFCCC Secretariat has published a submission by the US on the Fourth Review of the Financial Mechanism (FCCC/SBI/2009/MISC.10/Add.1).

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