Economics, Trade & Investment

UNCTAD Hearing with Civil Society will address Global Food and Financial Crises [viewed]

6 August 2008: The UN Conference on Trade and Development's

(UNCTAD) Trade and Development Board hearing with civil society will address

the global food crisis as a systemic failure in development strategy, including

its relationship with climate change.

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Responses to Climate Change Bear Major Development Implications: Monterrey Review Process Draft Outcome Document Released [viewed]

Draft Doha Outcome Document on Reviewing the Implementation of the Monterrey Consensus 30 July 2008: The President of the UN General Assembly issued a draft outcome

document for the Monterrey Consensus Review Conference where countries would

recognize that responses to the climate change problem have “major development

implications” and “commit to respond to the additional financial requirements

that meet these new challenges with appropriate, concrete international

cooperation measures and policies.” The Review Conference, to be held in Doha,

Qatar, from November 29 to 2 December 2008, would also highlight that efforts

to address climate change should “promote increased trade in environmental

goods and not result in environmentally-based trade distortions.”

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World Bank's Effectiveness in the Environment Evaluated [viewed]

World Bank's Effectiveness in the Environment Evaluated 22 July 2008: The Independent Evaluation Group, an

independent unit within the World Bank that reports directly to the Bank's

Board of Executive Directors, has released its report evaluating

the effectiveness of World Bank Group (WBG) support to the environment from

1990 to 2007.

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World Bank signs first CDM Solid Waste Composting Project in Cairo [viewed]

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1 July 2008:The World Bank signed its first greenhouse gas emission

reductions purchase agreement in Egypt, for a municipal solid waste-composting

project. The facility will feature waste sorting for recovery of recyclables

and aerobic composting of organic waste, reducing the amount of methane and

other greenhouse gases emitted from the landfill site.

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ADB Establishes a US$100 Million post-2012 Carbon Fund [viewed]

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8 July 2008: The Asian Development Bank

(ADB) has established a new fund to finance clean energy projects, in the

Asia-Pacific region, that generate carbon credits beyond 2012. “The new fund will provide an incentive

for the ADB's developing member countries to scale up energy efficiency and the

use of renewable energy sources that will contribute to both climate change

mitigation and enhanced energy security,” ADB Vice President Ursula

Schäfer-Preuss said.

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UNEP Report: Global Trends in Sustainable Energy Investment 2008 [viewed]

Global Trends in Sustainable Energy Investment 2008 1 July 2008: The

United Nations Environment Programme (UNEP) has launched the Report Global

Trends in Sustainable Energy Investment 2008: Analysis of Trends and Issues in

the Financing of Renewable Energy and Energy Efficiency. The Report notes

record breaking investment levels in the sustainable energy sector during 2007,

with over US$148 billion of new investment, an increase of 60% over 2006,

largely driven by wind power.

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Japan Bank for International Cooperation, Pakistan Ministry of Environment and Japan Carbon Finance Ltd Sign CDM Memorandum of Understanding [viewed]

JBIC Signs a MOU on the Kyoto Mechanisms with the Ministry of Environment

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July 2008: The Japan Bank for International Cooperation (JBIC) has signed a

Memorandum of Understanding (MOU) with Pakistan's Ministry of Environment and

Japan Carbon Finance Limited (JCF) to promote the Clean Development Mechanism

(CDM) in Pakistan and to support Japanese entities in their acquisition of the

carbon credits generated by the CDM projects.

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European Investment Bank Presents New Climate Change Study [viewed]

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1 July 2008: Philippe de

Fontaine Vive, European Investment Bank (EIB) Vice-President, has presented the results of a study on climate change in the

Mediterranean and its consequences on the development of Maghreb and Machreq

countries.

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“Carbon Taxes - A Tool for Managing Climate Change or a Threat to the World's Poor?” [viewed]

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17 June 2008: The UN Financing for Development Office, UN-DESA and the Friedrich Ebert

Foundation organized an event on “Carbon Taxes - A Tool for Managing Climate Change or a Threat to the

World's Poor?” on 17 June, 2008, at UN

Headquarters in New York.

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UNCTAD's Budget Group Plans 2008-2011 Activities Related to Climate Change [viewed]

18 June 2008: The UN Conference on Trade and

Development's (UNCTAD) Working Party on the Medium-term Plan

and Programme Budget met from 16–18 June 2008, in Geneva, Switzerland, and discussed

a work plan for the implementation of the outcomes of the twelfth UNCTAD, held in Accra,

Ghana, in

April 2008.

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