Economics, Trade & Investment

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]

Eib_2

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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World Bank Launches Site on Climate Change in the Middle East and North Africa Region [viewed]

July 2008:

The World Bank has launched a web site on climate change in the Middle East and

North Africa region (MENA).

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World Bank Board Approves Climate Investment Funds [viewed]

World_bank

1 July 2008: The

World Bank's Board of Executive Directors, meeting on 1 July 2008, approved two

Climate Investment Funds (CIFs) following an extensive public consultation

process that culminated with an agreement on the CIFs by 40 developing and

industrialized countries in Potsdam, Germany, on 21-22 May 2008. The establishment of the CIFs was also endorsed by

the G8 Finance Ministers who met in

Osaka, Japan, in June 2008.

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Fund Launched to Conserve Congo Basin Rainforest [viewed]

17 June 2008: The Congo Basin

Forest Fund, a multi-donor facility established to take action to protect the

forests in the Congo Basin region, was launched in London, UK. The Fund will be

used over a ten-year period, up to 2018, to finance the

Central African Forests Commission (COMIFAC) Action-Plan in ten different

strategic areas aimed at conserving the Congo Basin rainforest.

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MEM: Leaders Meeting of Major Economies on Energy Security and Climate Change Develops Declaration [viewed]

9 July 2008: The

Leaders Meeting of the Major Economies took place on 9 July 2008, in Hokkaido,

Japan, in conjunction with the G8 Summit. The leaders of Australia, Brazil,

Canada, China, the European Union, France, Germany, India, Indonesia, Italy,

Japan, the Republic of Korea, Mexico, Russia, South Africa, the United Kingdom,

and the United States issued a Declaration, which had been agreed during a

previous meeting held in Seoul, Republic of Korea, from 21-22 June 2008.

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Bonn Climate Change Talks Conclude as Attention Turns to Accra [viewed]

Unfcccjune2008

13 June

2008: Four parallel meetings took place between 2-13 June 2008, in Bonn,

Germany, under the UN Framework Convention on Climate Change (UNFCCC) and Kyoto

Protocol. The second session of the Ad Hoc Working Group on Long-term

Cooperative Action under the Convention (AWG-LCA), which was launched in Bali,

started its substantive work in Bonn, while the resumed fifth session of the Ad

Hoc Working Group on Further Commitments for Annex I Parties under the

Kyoto Protocol (AWG-KP) began the process of listing issues for further

negotiation, particularly on the Kyoto Protocol's market-based mechanisms and

on carbon sinks.  

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G8 Finance Ministers Support Climate Investment Funds [viewed]

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14 June 2008: G8 Finance Ministers, meeting  in preparation for the Summit of the G8 Heads of State and Government in  Hokkaido-Toyako, met from 13-14 June 2008, in Osaka, Japan, and agreed to the “G8  Action Plan for Climate Change to Enhance the Engagement of Private and Public  Financial Institutions.” In their final statement, Ministers supported the  launch of new Climate Investment Funds (CIFs) by the World Bank, which will complement existing bilateral and multilateral efforts, until a post-2012 framework under the UNFCCC is implemented.

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