Economics, Trade & Investment

World Bank Approves First Climate Investment Fund Project [viewed]

© World Bank28 May 2009: The World Bank approved a US$600 million loan to fund energy efficiency and renewable energy in Turkey.

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World Bank Funds Energy Efficient Light Bulb Replacement in Togo [viewed]

28 May 2009: The World Bank approved an Efficient Lighting Project for the City of Lome, Togo, including a Global Environment Facility (GEF) grant totaling US$1.82 million to: disseminate at least 400,000 compact fluorescent light bulbs (CFLs) to replace incandescent light bulbs currently in use; organize outreach and awareness-building campaigns aimed at promoting an energy efficiency culture; and introduce a regulatory and quality control mechanism in the national distribution market for CFLs.

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UNFCCC Secretariat Addresses Carbon Expo [viewed]

© Carbon Expo 200927 May 2009: In a speech delivered at Carbon Expo 2009 in Barcelona, Spain, John Kilani, on behalf of UNFCCC Executive Secretary Yvo de Boer, underlined that markets and market-based mechanisms are an integral part of the broader, global architecture being put in place to address climate change.

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UNFCCC Secretariat Releases Report on GEF's Progress in Implementing Strategy on Technology Transfer [viewed]

27 May 2009: The UNFCCC released a document containing the “Interim report of the Global Environment Facility (GEF) on the progress made in carrying out the Poznan strategic programme on technology transfer” (FCCC/SBI/2009/3).

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FAO and IFAD Collaborate on Study that Identifies Biofuels and Carbon Markets as Partial Drivers of International Land Acquisition Deals [viewed]

© 26 May 2009: A collaborative study by the International Institute for Environment and Development (IIED), the UN Food and Agriculture Organization (FAO) and the International Fund for Agricultural Development (IFAD) suggests that increased demand for biofuels and, to a lesser extent, increased land values through emerging carbon markets, are among the factors that drive international land acquisition deals.

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OECD Releases Technical Reports on GHG Mitigation [viewed]

26 May 2009: The Organisation for Economic Co-operation and Development (OECD)-IEA Annex I Expert Group has released two reports on Measurement, Reporting and Verification (MRV) of greenhouse gas (GHG) mitigation.

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UN Secretary-General Urges Business Community to Help “Seal the Deal” [viewed]

© Copenhagen Climate Council26 May 2009: Speaking at the World Business Summit on Climate Change, which took place in Copenhagen, Denmark, from 24-26 May 2009, UN Secretary-General Ban Ki-moon called on the over 500 participating business leaders to use their business acumen to urge government leaders to reach an agreement on reducing greenhouse gases at the 15th session of the Conference of the Parties (COP15) in December 2009.

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EIB Co-financing Climate Change Mitigation in Viet Nam [viewed]

26 May 2009: The European Investment Bank (EIB) has announced that it will co-finance investments that will contribute to the mitigation of climate change through a EUR100 million loan.

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World Bank Funds Coal Alternatives in China [viewed]

© World Bank20 May 2009: The World Bank approved a loan of US$80 million to fund the utilization of coal bed methane (CBM) and coal mine methane (CMM) as substitutes to coal in China.

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UNCTAD HOLDS MEETING ON CDM CHALLENGES AND OPPORTUNITIES [viewed]

The UN Conference on Trade and Development (UNCTAD) held an expert meeting on the “Trade and Investment Opportunities and Challenges under the Clean Development Mechanism (CDM)” in Geneva, Switzerland, from 27-29 April 2009. The event included presentations by academics, research institutions and country experts who explored ways to facilitate participation from developing countries and least developed countries in the CDM, and provided examples of how to overcome existing obstacles to greater CDM investment flows.

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