Economics, Trade & Investment

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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Event: Seventh “Environment for Europe” Ministerial Conference [viewed]

The Seventh “Environment for Europe” Ministerial Conference, convened by the UN Economic Commission for Europe (ECE, or UNECE) Committee on Environmental Policy, is being prepared in accordance with the provisions of Reform Plan of the “Environment for Europe” process. This Conference will consider two main themes: “the sustainable management of water and water-related ecosystems” and “greening the economy: mainstreaming the environment into economic development.” Under the second theme, discussions will focus on the reduction of carbon emissions, energy efficiency, sustainable consumption and production, and the reconfiguration of financing and infrastructure to better accommodate environmental considerations. While the Astana Ministerial Conference is expected to address identified environmental issues of common concern in the UNECE region, the Conference provides an opportunity to address priority environmental issues in the Central Asian sub-region.  

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World Bank Study Finds Energy Intensity Reduction Contributes Most to Mitigation [viewed]

World Bank4 November 2009: The World Bank has released a study on 100 countries' energy use, authored by Masami Kojima and Robert Bacon, which shows that growth of gross domestic product (GDP) per capita and in population contributes the most to the net increase in greenhouse gas (GHG) emissions, and that reducing energy intensity contributes the most to their net decrease.

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