14 November 2008: The Global Environment Facility (GEF)
Council re-elected Monique Barbut as CEO during its biannual meeting, which
took place from 11-13 November 2008, in Washington DC, US. The Council also
renewed efforts to scale up technology transfer to developing countries looking
to mitigate and adapt to climate change challenges, by approving projects
amounting to US$50 million for climate-related activities.
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13 November 2008: The World Bank is moving ahead with the
Energy for the Poor initiative, a programme that seeks to provide rapid support
for countries’ efforts to strengthen social safety nets to reduce the poor’s
vulnerability to volatile fuel prices.
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6 November 2008: The World Bank, in partnership with SEB and
Scandinavian institutional investors, will raise funds for projects seeking to
mitigate climate change or promote adaptation to its effects, through the issue
of a “World Bank green bond.”
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7 November 2008: At the 44th session of the International
Tropical Timber Council and the Associated Sessions of the four Committees
(Finance and Administration, Economic Information and Market Intelligence,
Forest Industry, and Reforestation and Forest Management), the European
Commission (EC) announced a communication on deforestation and climate change,
with the goal of informing the EU position at the upcoming climate change
negotiations in Poznan, Poland.
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6 November 2008: Documents for the 34th Global Environment Facility (GEF) Council meeting,
which will convene from 11-13 November 2008, in Washington DC, US, are
available online.
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17 October 2008: The Economic Commission for Latin America
and the Caribbean (ECLAC) convened a seminar on "Climate change in Latin
America: Impact, Possibilities for Mitigation and Financing," from 15-16
October 2008, in Santiago, Chile. During the meeting, participants discussed
the possible imposition of trade barriers on products from the region due to
carbon emissions in their production and transportation and stressed the
urgency to mitigate the effects of climate change.
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10 October 2008: The international Conference on
“Competitive Cities and Climate Change,” organized by the Organization for
Economic Cooperation and Development (OECD), took place from 9-10 October 2008,
in Milan, Italy. The event provided the opportunity for mayors from some of the
world’s most important and influential cities to both address common challenges
and share best practices on climate solutions.
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13 October 2008: The annual meetings of the Boards of
Governors of the International Monetary Fund (IMF) and World Bank took place on
13 October 2008, in Washington DC, US. Finance ministers from developing and
industrialized nations attended the event, which was preceded by a meeting of
the International Monetary and Financial Committee and the Development
Committee. Robert Zoellick, President of the World Bank Group, addressed the
meeting, noting the effects of the current financial crisis on energy and climate
change.
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13 October 2008: The annual meetings of the Boards of
Governors of the International Monetary Fund (IMF) and World Bank took place on
11-13 October 2008, in Washington DC, US. Finance ministers from developing and
industrialized nations attended the event, which was preceded by a meeting of
the International Monetary and Financial Committee (IMFC) and the Development
Committee. The IMFC and seminars during the week addressed the responses to the
current economic crisis, as well as the challenges posed by higher food and
fuel prices.
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