Economics, Trade & Investment

Ozone Secretariat Convenes Two Climate Change-Related Workshops [viewed]

© The dais during the openening of OEWG-2916 July 2009: The Ozone Secretariat convened a workshop on the management and destruction of ozone-depleting substance (ODS) banks and the implications for climate change on 13 July 2009, followed by a workshop for a dialogue on high global warming potential alternatives to ODS on 14 July 2009. Both meetings were held in Geneva, Switzerland, in advance of the 29th meeting of the Open-Ended Working Group (OEWG-29) to the Montreal Protocol, which is taking place from 15-18 July 2009.

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GEF Replenishment Meeting Addresses Climate Change Programming Strategy [viewed]

© GEF16 July 2009: The Global Environment Facility's (GEF) second meeting for the fifth replenishment of resources (GEF 5) addressed several issues that will guide GEF 5, including a strategy to enhance engagement with the private sector, a corporate programmes strategy, and a results-based management framework.

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World Bank Carbon Finance Unit Responds to Civil Society [viewed]

© World Bank14 July 2009: Joëlle Chassard, Manager of the World Bank's Carbon Finance Unit, engaged in an online chat with people from all over the world, responding to queries related to the Bank's work on carbon finance on issues ranging from deforestation to financing clean energy for the poor.

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UNEP Report on Green Investments Wins Asset Managers Support [viewed]

14 July 2009: The UN Environment Programme Finance Initiative (UNEP FI) Asset Management Working Group, a partnership between UNEP and over 180 financial institutions worldwide, has released a report titled “Fiduciary Responsibility - Legal and Practical Aspects of Integrating Environmental, Social and Governance Issues into Institutional Investment.” The Group of 180 asset managers represents approximately US$2 trillion in assets under management and argue that integrating environmental, social and governance (ESG) considerations into investment decisions is no longer a luxury, but a legal responsibility.

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EBRD Funds Use of Forest Waste for Biomass-Fired Heat and Power Plants [viewed]

13 July 2009: The European Bank for Reconstruction and Development (EBRD) will provide a loan for the equivalent of €29 million to phase-out inefficient diesel and oil-fired generators in Siberia, Russia.

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ADB Funds CCS and Wind Energy in China [viewed]

© ADB9 July 2009: The Asian Development Bank (ADB) will provide a US$1.25 million technical assistance loan to promote carbon dioxide capture and storage (CCS) demonstration projects in China, as well as a US$24 million loan to finance a wind farm in the Inner Mongolia Autonomous Region.

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UN/ISDR Urges G8 to Advance Action Points on Climate Change and Disaster Reduction [viewed]

© UN/ISDR7 July 2009: The UN International Strategy on Disaster Reduction (UN/ISDR) urged the G8 Summit convening in L'Aquila, Italy, from 8-10 July, to apply their “considerable influence, resources and political will” to advance five major action points on disaster risk reduction (DRR).

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Adaptation Fund Board Discusses Operational Guidelines [viewed]

© Adaptation Fund6 July 2009: The Adaptation Fund (AF) Secretariat has posted a summary of the proceedings of the sixth AF Board meeting, which convened in Bonn, Germany, from 15-17 June 2009, and discussed elements related to the AF's Operational Guidelines.

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UNEP Hosts Chinese CEOs to Exchange Views on Green Economy [viewed]

© UNEP2 July 2009: The United Nations Environment Programme (UNEP) hosted a workshop for 16 Chinese Chief Executive Officers (CEOs) to discuss UNEP's Green Economy initiatives and its work on combating climate change, international campaigns, and activities on green construction, reforestation and green technology.

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Private Sector Representatives Sought for World Bank Climate Investment Funds [viewed]

1 July 2009: The World Business Council on Sustainable Development (WBCSD) is currently seeking applications by business associations to attend meetings of two Climate Investment Fund committees – the Clean Technology Fund and Strategic Climate Fund – and one subcommittee - the Pilot Program for Climate Resilience.

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