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

8

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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ECOSOC High-level Segment Ministerial Declaration Addresses “Implementing the Internationally Agreed Goals and Commitments in Regard to Sustainable Development” [viewed]

Economic and Social Council Calls for Urgent Actions to Put Global Economy

3 July 2008: The High-level Segment of the UN Economic

and Social Council's (ECOSOC) Substantive Session has developed a Ministerial

Declaration entitled “Implementing the internationally agreed goals and

commitments in regard to sustainable development.” The four-day High-level

Segment (30 June-3 July) convened at UN Headquarters in New York, US, and

consisted of four elements: a high-level policy dialogue on the state of the

world economy and its implications for the achievement of the UN Development

Agenda (30 June); the first Development Cooperation Forum (30 June-1 July); the

second Annual Ministerial Review (2-3 July); and a thematic debate on

integrated approaches to rural development (3 July).

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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]

Financing_or_dev_2

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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UNEP and Daimler Call for Infrastructure for Electric and Fuel-cell Vehicles [viewed]

Magdeburg

4 July 2008: At the

fifth Magdeburg Environmental Forum held from 3-4 July 2008, in Magdeburg,

Germany, the United Nations Environment Programme (UNEP) and car manufacturer

Daimler called for the establishment of infrastructure for electric and

fuel-cell vehicles.

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G8: Summit Concludes with Agreement on Climate Change [viewed]

G8

8 July 2008: The Group

of Eight Industrialized Countries (G8) Hokkaido Toyako

Summit took place from 7-9 July 2008

in Japan. On 8 July, the G8 leaders agreed on a Document on Environment and

Climate Change. The leaders of the G8

agreed to share with parties to the UNFCCC the vision of a goal of achieving at

least 50% reduction of global emissions by 2050, recognizing that this global

challenge can only be met by the contributions from all major economies,

consistent with the principle of common but differentiated responsibilities and

respective capabilities.

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