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TRADE & ECONOMIC DEVELOPMENT033to services linked to addressing climate change, while a submission by Argentina in November 2009 proposed to liberalise environmental goods required in the implementation of the CleanDevelopment Mechanism. The negotiations on environmental services alsoprovide opportunities to undertake new obligations andconsolidate market opening on a range of activitieswhich are of direct interest for mitigating globalwarming and improving environmental protection moregenerally. Services at stake in these negotiationsinclude so-called environmental services, such assewage services, waste management services andsanitation, cleaning of exhaust gases, as well as natureand landscape protection services, the latter two beingdirectly relevant to climate change mitigation policies.Other relevant services with significant environmentalend-uses include consulting, architecture,engineering, research and development, technicaltesting and analysis (e.g. of air, water or fuels),maintenance and repair of equipment, andconstruction services, amongst others. In recent years,environmental services have expanded as aconsequence of growing consumer demand for cleanerproducts and increasingly stringent environmentalregulations. Many of these services are supplied on a business-to-business basis and offer niche marketsfor small and medium-sized enterprises. Whiledeveloped countries have been traditionally the mainconsumers and producers of environmental services,developing country markets are currently experiencingsignificant growth.More open services trade facilitates the developmentand spreading of green products and technologies,which, in turn, help to protect the environment andpromote energy efficiency. By ensuring someminimum legal guarantees regarding, inter alia, theestablishment of foreign service suppliers, the cross-border supply of services or the movement of physicalpersons supplying these services, commitments underthe WTO General Agreement on Trade in Services cancontribute to promoting investment in climate-friendlytechnologies and making it easier to transfer up-to-date expertise and know-how.The Doha Development Round negotiations canprovide an unprecedented opportunity for themultilateral trading system to contribute to themitigation and adaptation of climate change. Furthertrade opening will facilitate access to key mitigationand adaptation goods and services, will promote anefficient allocation of the world's resources, andthrough income growth will increase demand for betterenvironmental quality. I am convinced these results areworth fighting for. nABOUT THE AUTHORPascal Lamy is the Director-General of the WorldTrade Organisation. He began his career in the Frenchpublic service at the Inspection Générale desfinances and at the Treasury. He then became anadvisor to the Finance Minister Jacques Delors, andsubsequently to Prime Minister Pierre Mauroy. From1985 to 1994 Pascal Lamy was Chief of Staff for thePresident of the European Commission, JacquesDelors, and his representative as Sherpa in the G7. He joined Crédit Lyonnais in November 1994 as amember of the new management team that was putin place at that time. After the privatisation of CréditLyonnais, in July 1999, Mr Lamy was appointedCommissioner for Trade at the European Commissionunder Romano Prodi. In May 2005 he was chosen asthe next Director-General of the WTO and took officeon 1 September 2005 for a four-year term. On 30April 2009, Mr Lamy was re-elected unanimously bythe WTO general council for a second term of fouryears, beginning September 1 2009.

n just two years, the Climate InvestmentFunds have progressed from the initialdesign phase to the implementation of 38 pilots in developing countriesaround the world. At a time of constrained donor resources, these funds have proven that they can generate robustfinancial leverage. The Clean Technology Fund (CTF), a major CIF fund, isprojected to attract US$8 in co-financing for everydollar invested. In other words, it will leverage anadditional US$40 billion on a US$4.3 billioninvestment, with 30 per cent from the private sector.Twelve countries and a regional initiative in the MiddleEast and North Africa are making investments withsupport from the CIF in clean energy and transporttechnologies as an integral part of nationaldevelopment strategies. Nine countries, as well as regional initiatives in theCaribbean and Pacific, are well on their way toboosting climate resilience. Another eight countries are preparing to reduce bothdeforestation and forest degradation, while at the sametime strengthening the sustainable management oftheir forests. And at least six lower income countriesare planning to utilise these funds to catalyserenewable energy markets. The five multilateral development banks (MDBs) thatwe represent are jointly implementing CIF-fundedprogrammes. Because climate change is an importantpart of our core development agenda, the MDBscontribute their own financial resources to theseprogrammes. Other development partners - the UNand bilateral agencies, civil society organisations,indigenous groups, local communities, and the privatesector - play a role in governance and, perhaps moreimportantly, engage with country partners. The design of these funds presents a new model fortransparency, cooperation, and scaling-up climateaction. The unique governance structure fostersinclusion and consensus-based decision-making. An equal balance of developed and developingcountries are represented on the governing bodies and a broad array of institutional, civil society, private sector, and indigenous stakeholders activelyparticipate as observers.Over the next years, work under the Clean TechnologyFund is expected to help reduce approximately 1.5million tonnes of CO2, roughly comparable to a third ofthe annual emissions of the European Union, or all ofthe annual emissions of Sub-Saharan Africa. As theydevelop, other CIF programmes have the potential forsimilar climate impacts. Thirteen contributor countries are making thismomentum possible. As of September 30, 2010,pledges totaled more than US$6.4 billion. We thankthem for their support of this innovative project. Climate change is one of the most challenging global issues of the twenty-first century. Thepartnership that forms the CIF is helping to catalyse real climate action. nThe above statement is the foreword to "Creating aClimate-Smart World: 2010 Climate InvestmentFunds Annual Report".CLIMATE INVESTMENT FUNDSJOINT STATEMENT BY034FINANCEDONALD KABERUKA, PRESIDENT, AFRICAN DEVELOPMENT BANK HARUHIKO KURODA, PRESIDENT, ASIAN DEVELOPMENT BANK THOMAS MIROW, PRESIDENT, EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENTLUIS ALBERTO MORENO, PRESIDENT, INTER-AMERICAN DEVELOPMENT BANKROBERT B. ZOELLICK, PRESIDENT, WORLD BANK GROUPIAsian Development BankInter-American Development BankWORLD BANK GROUP