Energy

Event: 2011 IEA Ministerial and Energy Business Council Meetings [viewed]

The International Energy Agency (IEA) is holding its 2011 IEA Meeting of the Governing Board at Ministerial Level. The meeting will be convened under the theme "Our Energy Future: Secure, Sustainable and Together" and will focus on IEA's work on energy security, sustainability (economic and environmental) and engagement with non-member countries. In that vein, the event will host ministers from 28 IEA member countries and 9 partner countries, plus the EU (the partner countries are Brazil, China, India, Indonesia, Mexico, Russia, and the Republic of South Africa, together with Chile and Estonia as candidates for accession). These countries represent more than two-thirds of global energy production and more than three-fourths of global demand. The Ministerial serves as an opportunity for ministers and industry leaders from all over the world to discuss major energy issues and the future of the global energy system, with 35 Executives from the IEA's Energy Business Council taking part in the opening session, themed "Government and Industry: Co-operating to secure a better energy future."  

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EU Finance Ministers Recommend Progress on Climate Finance [viewed]

4 October 2011: The Economic and Financial Affairs Council of the EU, which gathers EU finance ministers, has adopted conclusions on climate finance, in which the Council stresses the need to provide a transparent report on fast-start finance to ensure trust among UNFCCC parties, confirming that the EU will report in Durban on this issue.

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EU-Brazil Summit Tackles Climate Change, Energy and Social Dimension of Rio+20 [viewed]

4 October 2011: The Fifth EU-Brazil Summit was held in Brussels, Belgium, on 4 October 2011. The resulting joint statement addresses climate change, energy and the UN Conference on Sustainable Development (UNCSD, or Rio+20), among other issues.

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EBRD Supports Hydropower Project in Ukraine [viewed]

29 September 2011: The European Bank for Reconstruction and Development (EBRD) has approved a loan to finance upgrades of hydro- and electro-mechanical equipment at Ukrgidroenergo's (UHE) hydropower plants. UHE is Ukraine's state-owned operator of large hydro-generating and pump storage facilities.

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Event: Energy for All: Financing Access for the Poor [viewed]

The Oslo Energy for All 2011 high-level conference is co-organized by Norway and the International Energy Agency (IEA), and aims to explore possible ways of financing access to energy for the 1.4 billion people without access to electricity and 2.5 billion people who still use traditional biomass for cooking. Five countries from the South - Brazil, Ethiopia, India, Liberia and South Africa – have been invited to be organizing partners. High-level participants will include Norwegian Crown Prince Haakon Magnus, Norwegian Prime Minister Jens Stoltenberg, UN Secretary-General Ban Ki-moon, and UN Industrial Development Organization (UNIDO) Director-General Kandeh Yumkella. Registration is by invitation only.  

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OECD/IEA Report Calls for Fossil Fuel Subsidies Reform [viewed]

4 October 2011: The International Energy Agency (IEA) and the Organisation for Economic Co-operation and Development (OECD) have jointly released a publication titled “Inventory of estimated budgetary support and tax expenditures for fossil fuels,” which highlights the need to reform fossil-fuel subsidies to improve the economy and environment.

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Pacific Islands Forum Secretariat Announces Renewable Energy Project in Cook Islands [viewed]

3 October 2011: The Pacific Islands Forum Secretariat (PIFS) has announced the approval of US$1 million funding for a solar power project on Rakahanga in the Cook Islands.

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CIF Endorses Kenyan Plan to Develop Renewable Energy Resources [viewed]

30 September 2011: The Climate Investment Funds (CIF) have approved funding for Kenya's investment plan to scale up and develop its renewable energy resources, which will enhance their energy security, increase electricty access, reduce supply costs and bring socioeconomic benefits to local communities.

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AfDB, Eskom Sign Renewable Energy Loan Agreement [viewed]

25 September 2011: The African Development Bank (AfDB) has signed a US$365 million loan agreement with Eskom, an electricity company that operates in the countries of the Southern African Development Community (SADC), to implement large-scale wind and solar generation projects.

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IDB to Fund Energy Efficiency Investments in Central America [viewed]

IDB3 October 2011: The Inter-American Development Bank (IDB) is partnering with the Nordic Development Fund (NDF) to launch a programme for companies in Central America to adopt clean technologies and improve their energy efficiency.

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