Economics, Trade & Investment

OECD Ministerial Council and Forum Focus on the Economics of Climate Change [viewed]

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5 June 20

08: The Organisation for

Economic Co-operation and Development's (OECD) Forum 2008 and the annual

OECD Council at ministerial level considered ‘Climate Change, Growth and

Stability' and ‘Outreach, reform and the economics of climate change,'

respectively, during their meetings in Paris, France, from 3-5 June 2008.

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World Bank Prices Bond Linked to CDM Project [viewed]

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9

June 2008: The World Bank has priced a US$25 million bond linked to Certified

Emissions Reductions (CERs) to be generated by a Clean Development Mechanism

(CDM) project in China.

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UNGA Discusses Role of Global Private Investments in Climate Change [viewed]

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9 June 2008: The UN General Assembly

(UNGA) considered private investment's role in mitigating climate change and

how climate change, in turn, influences private investment decisions, during

this body's first follow-up to its February 2008 thematic debate on climate

change.

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Asia Clean Energy Forum Calls for Investments to Enhance Energy Security and Address Global Warming [viewed]

Asia_clean_energy_forum

3 June 2008: Private and public

sector participants in the Asia Clean Energy Forum, which convened from 2-6

June 2008, in Manila, the Philippines, called for new investments in clean

energy, amid spiraling costs for oil and coal and the growing threat of climate

change.

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Consultation Discusses Climate Change Strategies for the African Development Bank and World Bank [viewed]

4 June 2008: The African Development Bank (AfDB) and the World

Bank jointly organized a fourth regional consultation to discuss their

respective strategies on climate change. The 4 June 2008 consultation in Dakar,

Senegal, was the last in a series aimed at brainstorming and seeking ways to

strengthen collaboration with African institutions and development partners in

order to efficiently implement the strategies. Participants identified three

main challenges – energy security and access, cushioning the adverse effects of

climate change, and climate change risk management and adaptation.

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UNCTAD: Supachai Panitchpakdi Calls for the Phase-out of Agricultural Subsidies [viewed]

3 June 2008: In his address to the High-Level Conference on

World Food Security: the Challenges of Climate Change and Bioenergy, which

convened from 3-5 June 2008, in Rome, Italy, the Secretary-General of the UN

Conference on Trade and Development (UNCTAD), Supachai Panitchpakdi, criticized

subsidized exports from the developed world, noting that many former net

exporters of food in Africa, Asia and Latin America are now net importers as a

result of the market distortions caused by the subsidies.

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Growth Commission Report: Technology is the Key to Coping with Global Warming and Growth [viewed]

Thegrowthreport21 May 2008: The Commission on Growth and Development has released its report entitled “The Growth Report: Strategies for Sustained Growth and Inclusive Development,” in which it analyzes, among other issues, whether deve loping countries can grow as fast as the fastest growing economies without causing global greenhouse gases to spiral out of control.

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IMF Deputy Managing Director: Climate Change Poses Serious Macroeconomic Challenges for Low-Income Countries [viewed]

Takatoshi_kato29 May 2008: Climate change poses “particularly serious macroeconomic, fiscal, and financial challenges for low-income countries,” said Takatoshi Kato, Deputy Managing Director of the International Monetary Fund (IMF) at the Fourth Tokyo International Conference on African Development (TICAD IV), which convened in Yokohama, Japan, from 28-30 May 2008.

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WTO Director-General says International Trade Negotiations Will Benefit from Global Consensus on the Issue of Climate Change [viewed]

Pascallamy29 May 2008: In an address to the European Parliament's Temporary Committee on Climate Change, World Trade Organization (WTO) Director-General Pascal Lamy highlighted and reviewed different approaches regarding the WTO's role in combating climate change.

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World Bank Members Reach Agreement on Climate Investment Funds [viewed]

World_banks_global_consultations23 May 2008: Representatives from 40 donor and developing countries, meeting in Potsdam, Germany, reached an agreement on the creation of two international investment funds that will provide innovative financing for developing countries to pursue cleaner development paths and protect themselves from the impacts of climate change.

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