Economics, Trade & Investment

UNCTAD and UNDP Publish CDM Guide in Brazil [viewed]

© UNDP23 July 2009: The UN Conference on Trade and Development (UNCTAD) presented a revised and expanded version of the Guide to the Clean Development Mechanism (CDM) in Brazil, a guide commissioned by Brazil's Ministry of Science and Technology and drawn up under the sponsorship of the UN Development Programme (UNDP).

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ECOSOC Addresses Resource and Humanitarian Assistance Implications of Climate Change [viewed]

© COPYRIGHTFOTO23 July 2009: Speakers at the General Segment of the Economic and Social Council (ECOSOC), on 23 July 2009, noted that climate change presents an additional global challenge “for which extraordinary resources are needed,” and that the financial architecture dealing with climate change should be efficient, effective and equitable.

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Voting on Civil Society Observer Seats for World Bank CIF Committees Underway [viewed]

© World Bank 21 July 2009: Voting is now open for the selection of candidates to serve as civil society observers for the following World Bank Climate Investment Fund committees: the Clean Technology Fund, the Strategic Climate Fund, and the Pilot Program for Climate Resilience.

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Ozone Meeting Begins Discussion on HFC Phase-Down [viewed]

Launch of the “Transition to CFC-free inhalers Awareness Package for National Ozone Units in developing countries.” L-R: Patrick McInerney, (Australia); Maqsood Akhtar, (Pakistan); Marco González, Ozone Secretariat Executive Secretary; Rajendra Shende, UNEP OzoneAction; and Helen Tope, Co-Chair Medical Options Committee, Australia.20 July 2009: The 29th meeting of the Open-ended Working Group (OEWG 29) of the parties to the Montreal Protocol on Substances that Deplete the Ozone Layer convened in Geneva, Switzerland, from 15-18 July 2009. Discussions at OEWG 29 were dominated by consideration of a proposal submitted jointly by the Federated States of Micronesia and Mauritius (UNEP/OzL.Pro.WG.1/29/8) to amend the Montreal Protocol to include destruction of ozone depleting substance (ODS) banks and phase-down of hydrofluorocarbons (HFCs).

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Ozone Secretariat Convenes Two Climate Change-Related Workshops [viewed]

© The dais during the openening of OEWG-2916 July 2009: The Ozone Secretariat convened a workshop on the management and destruction of ozone-depleting substance (ODS) banks and the implications for climate change on 13 July 2009, followed by a workshop for a dialogue on high global warming potential alternatives to ODS on 14 July 2009. Both meetings were held in Geneva, Switzerland, in advance of the 29th meeting of the Open-Ended Working Group (OEWG-29) to the Montreal Protocol, which is taking place from 15-18 July 2009.

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GEF Replenishment Meeting Addresses Climate Change Programming Strategy [viewed]

© GEF16 July 2009: The Global Environment Facility's (GEF) second meeting for the fifth replenishment of resources (GEF 5) addressed several issues that will guide GEF 5, including a strategy to enhance engagement with the private sector, a corporate programmes strategy, and a results-based management framework.

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World Bank Carbon Finance Unit Responds to Civil Society [viewed]

© World Bank14 July 2009: Joëlle Chassard, Manager of the World Bank's Carbon Finance Unit, engaged in an online chat with people from all over the world, responding to queries related to the Bank's work on carbon finance on issues ranging from deforestation to financing clean energy for the poor.

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UNEP Report on Green Investments Wins Asset Managers Support [viewed]

14 July 2009: The UN Environment Programme Finance Initiative (UNEP FI) Asset Management Working Group, a partnership between UNEP and over 180 financial institutions worldwide, has released a report titled “Fiduciary Responsibility - Legal and Practical Aspects of Integrating Environmental, Social and Governance Issues into Institutional Investment.” The Group of 180 asset managers represents approximately US$2 trillion in assets under management and argue that integrating environmental, social and governance (ESG) considerations into investment decisions is no longer a luxury, but a legal responsibility.

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EBRD Funds Use of Forest Waste for Biomass-Fired Heat and Power Plants [viewed]

13 July 2009: The European Bank for Reconstruction and Development (EBRD) will provide a loan for the equivalent of €29 million to phase-out inefficient diesel and oil-fired generators in Siberia, Russia.

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ADB Funds CCS and Wind Energy in China [viewed]

© ADB9 July 2009: The Asian Development Bank (ADB) will provide a US$1.25 million technical assistance loan to promote carbon dioxide capture and storage (CCS) demonstration projects in China, as well as a US$24 million loan to finance a wind farm in the Inner Mongolia Autonomous Region.

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