13 October 2008: The annual meetings of the Boards of
Governors of the International Monetary Fund (IMF) and World Bank took place on
11-13 October 2008, in Washington DC, US. Finance ministers from developing and
industrialized nations attended the event, which was preceded by a meeting of
the International Monetary and Financial Committee (IMFC) and the Development
Committee. The IMFC and seminars during the week addressed the responses to the
current economic crisis, as well as the challenges posed by higher food and
9 October 2008: Commissioned by the UN Environment Programme (UNEP) and the Global Environment Facility (GEF), Paris Re and Marsh have produced an index-based weather cover for the wind energy sector. The study analyzes the technical, legal and financial feasibility of implementing weather coverage in Mexico.
6 October 2008: A bi-regional EU-Latin America and the Caribbean (EU-LAC) forum convened in Paris, France, on 6 October 2008, to address the challenges of globalization and its effect on the economy, social cohesion and the environment. Pamela Cox, World Bank Vice President for Latin America and the Caribbean, addressed the forum, highlighting that some countries in Latin America and its citizens “and particularly the extreme poor, are the most vulnerable to the effects of climate change.”
3 October 2008: The Organisation for Economic Cooperation
and Development (OECD) is co-organizing with the province and the city of
Milan, a Conference on Cities and Climate Change, which is scheduled to convene
from 9-10 October 2008, in Milan, Italy.
2 October 2008: The World Bank has announced an 87% increase in funding for renewable energy (RE) and energy efficiency (EE) projects and programmes in developing countries in the past fiscal year.
26 September 2008: Leading industrialized nations met at the
World Bank, and pledged more than US$6.1 billion to the recently created World
Bank Climate Investment Funds (CIF).
26 September 2008: Pascal Lamy, World Trade Organization
(WTO) Director-General, addressed the 2008 WTO Public Forum highlighting that
trade in “environmental goods and services, in particular in climate-friendly
technology, can make vital pollution prevention and reduction equipment more
accessible to countries in need; thereby easing the climate crisis.”
16 September 2008: Angel Gurría, Secretary-General of the Organisation for Economic Co-operation and Development (OECD), participated in the Energy Leaders Summit organized by the Financial Times and World Energy Council, in London, UK, on 16-17 September 2008. Addressing heads of the main traditional and new energy companies, as well as government representatives and financiers, who met to discuss the future of energy beyond 2025, Gurría highlighted the need for public-private partnerships for the development and deployment of “large-scale transformative energy technologies.”
September 2008: Global consultations for the development of
a “Strategic Framework on Development and Climate Change for the World Bank
Group” continue receiving comments online from civil society, until 15
3 September 2008: A new World Bank report estimates that Clean Development Mechanism (CDM) projects in sub-Saharan Africa could potentially amount to 740 million tons of carbon dioxide equivalent per year.