Economics, Trade & Investment

GEF Council Approves Major Reforms in New Funding Cycle [viewed]

2 July 2010: The 38th meeting of the Global Environment Facility (GEF) Council took place in Washington DC, US, from 29 June-1 July 2010, and approved major reforms aimed at helping developing countries to meet international environmental challenges, including those related to climate change and biodiversity.

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World Bank Supports Adaptation in the Philippines [viewed]

29 June 2010: The World Bank's Board of Executive Directors has approved a pilot project in the Philippines, called the Climate Change Adaptation Project (CCAP), which is designed to enable targeted rural communities to cope with the impact of climate change.

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UNDESA Releases World Economic and Social Survey 2010 [viewed]

29 June 2010: The UN Department for Social and Economic Affairs (UNDESA) has released the World Economic and Social Survey (WEES) 2010, which indicates that many of the global crises in recent years – such as the food, fuel and financial crises – are to a large extent due to major systemic failures in the global economy and weaknesses in the mechanisms for global governance.

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UNEP Promotes Green Economy in Africa, Launches 2010 SEED Awards [viewed]

28 June 2010: The UN Environment Programme (UNEP) hosted a side-event titled "Fostering a Green Economy Transformation in Africa" at the 13th session of the African Ministerial Conference on the Environment (AMCEN), which convened from 20-25 June in Bamako, Mali. Initiatives to achieve green economy transformation in South Africa, Kenya, Rwanda and Uganda were presented.

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Seventh Ministerial Meeting of the EU-OPEC Energy Dialogue Held [viewed]

28 June 2010: The seventh ministerial meeting of the Energy Dialogue between the EU and the Organization of the Petroleum Exporting Countries (OPEC) was held in Brussels, Belgium, on 28 June 2010, to discuss recent energy policies and oil market developments in the EU and OPEC, and prepare the ground for future joint activities.

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G-20 Toronto Summit Addresses Energy Subsidies, Climate Change and Food Security [viewed]

27 June 2010: The first Summit of the G-20 in its capacity as the premier forum for international economic cooperation convened in Toronto, Canada, on 26-27 June 2010. The Summit concluded with the adoption of a final Declaration that, among other issues, addresses development and environmental issues, including climate change and energy.

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AMCEN 13 Focuses on Rio Conventions, Prepares for Cancun [viewed]

25 June 2010: The 13th Session of the African Ministers' Conference on Environment (AMCEN) took place in Bamako, Mali, from 20-25 June 2010, under the theme “Enhancing the interrelationship between climate change, biodiversity and desertification for sustainable development.” The meeting concluded with the adoption of the Bamako Declaration, which was developed to serve as the continent's new road map for sustainable development and basis for strengthening the common negotiating position on climate change and biological diversity. 

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World Bank Appoints Special Envoy for Climate Change [viewed]

25 June 2010: Robert Zoellick, World Bank President, announced the appointment of Andrew Steer as Special Envoy for Climate Change, a new position created for focused leadership and representation of the World Bank in the international climate change discussions.

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Adaptation Fund Board Approves Project Concepts for Financing [viewed]

24 June 2010: The Adaptation Fund Board approved the first four proposals of concrete adaptation projects at its tenth meeting held in Bonn, Germany, from 14-16 June 2010.

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CIF Strategic Climate Fund Holds Program Meetings [viewed]

24 June 2010: The Climate Investment Funds (CIF) Sub-Committee meetings took place from 22-24 June 2010, in Washington DC, US. These included meetings of the following target programs of the CIF Strategic Climate Fund (SCF): the Program for Scaling Up Renewable Energy in Low Income Countries (SREP); the Pilot Program for Climate Resilience (PPCR); and the Forest Investment Program (FIP).

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