Topic: finance

The following letter was sent to Kathy Sierra, Vice President of the Sustainable Development Network at the World Bank on September 20th 2007, regarding the launch of the Forest Carbon Partnership Facility (FCPF).

Move continues trend in financial institutions toward better accounting of environmental considerations.

Investigates the limited extent to which climate change issues have been included in the World Bank Group’s country assistance strategies, energy-sector loans and project lending and recommends reforms to improve Bank practices.

Presents framework for understanding the regulatory and market dynamics driving the demand for more fuel efficient and less polluting automobiles, and highlights investment ideas levered to this long-term theme.

Provides investors worldwide with information to assist them in responding to the financial risks and investment opportunities posed by climate change.