Economics, Trade & Investment

World Bank Responds to Civil Society on Financing Fossil Fuels and Adaptation [viewed]

27 May 2010: Kseniya Lvovsky, the World Bank's Climate Change Team Manager, responded online to questions by civil society on the World Bank's strategy for climate change, including on the Bank's approach to fossil fuel financing and the availability of funds for adaptation.

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World Bank Finances Green Energy in Kenya [viewed]

27 May 2010: The World Bank has approved a US$330 million loan for Kenya to expand electricity access and expand geothermal power generation as part of its green energy development strategy.

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World Bank Approves First Climate Change Development Policy Loan [viewed]

25 May 2010: The World Bank approved its first development policy loan dedicated to climate change mitigation and adaptation, in Indonesia.

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World Bank Publishes Climate, Finance and Development Briefs [viewed]

May 2010: The World Bank has published the first in a series of Issue Briefs on the topics of Climate, Finance and Development, addressing how to monitor official development assistance (ODA) flows for climate finance and how to enhance the effectiveness of public finance for climate action.

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UNECE Publishes 2010 Annual Report [viewed]

June 2010: The UN Economic Commission for Europe (UNECE) has published its Annual Report for 2010, in which it highlights, among other things, its work on climate change.

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UNESCAP and UNDP Convene Green Growth Workshop [viewed]

1 June 2010: The UN Economic and Social Commission for Asia and the Pacific (UNESCAP) and the UN Development Programme (UNDP), together with the British High Commission and the Government of Malaysia, convened the Malaysian Green Growth Policy Tools Workshop for Low Carbon Development, from 18-19 May 2010, in Putrajaya, Malaysia.

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Fourth GEF Assembly Reviews GEF Policies and Operations [viewed]

28 May 2010: The fourth Assembly of the Global Environment Facility (GEF) was held in Punta del Este, Uruguay, on 25-26 May 2010. The Assembly was preceded by a Civil Society Forum and a GEF Council meeting, which  took place at the same venue.

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World Bank and GEF Support Agriculture Adaptation in Yemen [viewed]

27 May 2010: The World Bank has approved a US$5 million project to support efforts by the Government of Yemen to enhance capacity and awareness for government agencies to respond to climate variability and change, and to better equip local communities to cope with climate change through the conservation and use of agro-biodiversity.

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Event: UNITAR/WTI Course on Trade and Climate Change [viewed]

The course, organized by the UN Institute for Training and Research (UNITAR) and the World Trade Institute (WTI), aims to explore key legal and economic issues arising from the climate change debate, including the relationship between the World Trade Organization (WTO) Agreement and multilateral environmental agreements (MEAs) that address climate change, particularly regarding the legality of domestic and international trade measures to reduce greenhouse gas (GHG) emissions. It is designed for senior and middle level officials and professionals wishing to deepen their knowledge and understanding of international trade and climate change issues.  

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World Bank Releases Annual Report on State and Trends of the Carbon Market [viewed]

26 May 2010: The World Bank released its annual State and Trends of the Carbon Market report at Carbon Expo in Cologne, Germany, on 26 May. The report indicates that the value of the global carbon market grew six percent, to US$144 billion, in 2009 despite being its most challenging year to date.

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