Economics, Trade & Investment

Civil Society Organizations Encouraged to Nominate Observers to Climate Investment Fund's Sub-Committees [viewed]

16 November 2009: The self-selection process for non-profit civil society observers on two sub-committees of the Climate Investment Fund's (CIF) Strategic Climate Fund – the Forest Investment Program (FIP) and the Scaling up Renewable Energy Program in Local Income Countries (SREP) – is accepting nominations to participate as observers during CIF meetings and to register to vote on the nominees.

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World Bank Global Development Marketplace Awards US$4.8 Million to Innovative Adaptation Ideas [viewed]

developmentmarketplacelogo13 November 2009: The World Bank awarded close to US$5 million to 26 innovative climate adaptation projects, through a contest for community-based ideas to tackle the effects of climate change.

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ADB's Future Carbon Fund Receives US$20 Million Commitment from Republic of Korea [viewed]

Logo-adb13 November 2009: The Republic of Korea is the first Asian country to join the Asian Development Bank's (ADB) Future Carbon Fund, with a $20 million commitment to acquire post-2012 carbon credits.

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GEF's Transport Project in Mexico Wins Harvard Award [viewed]

GEF12 November 2009: The Roy Family Award for Environmental Partnership was awarded to the Global Environment Facility (GEF) and partners for their work on reducing greenhouse gas emissions through a sustainable transport bus project in Mexico City called Metrobus.

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CIF Calls for Nominations of Experts to Forest Investment Program [viewed]

cif-calls-for-nominations11 November 2009: The Climate Investment Fund (CIF) has called for nominations of experts to serve on the Expert Group for the Forest Investment Program (FIP), to work on the selection of country or regional pilots for the FIP.

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GEF Council Meeting Decides on Climate Change Financing [viewed]

GEF12 November 2009: The Global Environment Facility (GEF) Council Meeting took place in Washington DC, US, from 10-12 November 2009, and addressed climate change financing, among other issues.

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World Bank Launches Report on Adapting to Climate Change in Europe and Central Asia [viewed]

World Bank29 October 2009: The World Bank office in Russia hosted the virtual launch of a report on Adapting to Climate Change in Europe and Central Asia. The report highlights that, contrary to popular perception, the region faces a substantial threat from climate change, with a number of the most serious risks already in evidence.

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Climate Investment Funds to Channel US$1.1 Billion for Climate Change in Africa [viewed]

afdb5 November 2009: The Climate Investment Funds (CIF) will invest US$1.1 billion to integrate climate risk and resilience into development planning, achieve renewable energy goals, and pursue low carbon growth in Africa.

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ADB Organizes Asia-Pacific Climate Change Video Contest [viewed]

Logo-adb4 November 2009: The Asian Development Bank (ADB) announced a new video competition on the theme “My View: The Asia-Pacific Climate Change Video Contest.”

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G-20 Recognizes Need for Increased Climate Financing [viewed]

g20logo7 November 2009: The Group of Twenty (G-20) Finance Ministers and Central Bank Governors met in St. Andrews, UK, on 6-7 November 2009, to discuss climate financing, among other issues.

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