Project

GEF Council Approves Largest Proposed Work Program in History of GEF Financing [viewed]

Participants at the 48th meeting of the GEF Council 4 June 2015: The 48th meeting of the Global Environment Facility (GEF) Council adopted the largest proposed Work Program in the history of GEF financing, involving a total of US$709 million of GEF Trust Fund resources, plus an indicative amount of US$4.81 billion in co-financing. The Work Program encompasses Integrated Approach Pilots (IAPs) on sustainable cities, food security in sub-Saharan Africa, and taking deforestation out of commodity supply chains, as well as other projects and programs.

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UNEP Inquiry Identifies Ways to Make Climate Security Part of a Sustainable Financial System [viewed]

financialinquiry22 May 2015: The UN Environment Programme (UNEP) has released a report, titled 'The Coming Financial Climate,' which outlines a set of measures that can be applied to make climate security part of the overall performance framework of a sustainable financial system.

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European Commission Launches Smart Specialization Platform on Energy [viewed]

smart_specialisation_platform26 May 2015: The European Commission launched a new 'Smart Specialisation Platform on Energy' (S3P-ENERGY) at a high-level conference in Brussels, Belgium, on 26 May 2015, designed to help European regions and EU member States to make full use of EU funds earmarked for sustainable energy under the EU's Cohesion Policy.

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May 2015 Climate Finance Update [viewed]

AfDB - IDB - Adaptation Fund - UNDP - GEF - World Bank - APEC - SLoCaT - UNISDR - ADB - EIB1 June 2015: Climate finance-related news and announcements during May 2015 were published by the African Development Bank (AfDB), the Inter-American Development Bank (IDB), the Adaptation Fund, the UN Development Programme (UNDP), the Global Environment Facility (GEF), the World Bank, Asia-Pacific Economic Cooperation (APEC), the Partnership on Sustainable Low Carbon Transport (SLoCaT) and the UN Office for Disaster Risk Reduction (UNISDR). AfDB, IDB, the Asian Development Bank (ADB), the European Investment Bank (EIB) and the World Bank launched studies, reports and stories related to climate risk and finance. AfDB, ADB and the World Bank reported on climate change and finance-related events.

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May 2015 Sustainable Energy Finance Update [viewed]

AfDB-ADB-EBRD-EIB-GEF-IDB-OPEC-World BankMay 2015: In May, the African Development Bank (AfDB), Asian Development Bank (ADB), European Bank for Reconstruction and Development (EBRD), European Investment Bank (EIB), Global Environment Facility (GEF), Inter-American Development Bank (IDB), OPEC (Organization of the Petroleum Exporting Countries) and World Bank announced funding for sustainable energy projects.

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Canada, Mexico, US Partner on Climate Change and Energy [viewed]

mexico_canada_us25 May 2015: The Governments of Canada, Mexico and the US have announced the creation of the North American Energy Ministers' Working Group on Climate Change and Energy. The partnership aims to harmonize efforts and policies toward common climate goals while protecting jobs and the economy. The joint announcement was made by Greg Rickford, Canada's Minister of Natural Resources, Ernest J. Moniz, US Secretary of Energy, and Pedro Joaquín-Coldwell, Mexico Secretary of Energy.

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Climate Week Paris Showcases Business Leadership on Climate Change [viewed]

climate_week_paris22 May 2015: Planned 200 days in advance of the 21st session of the Conference of the Parties (COP 21) to the UNFCCC, Climate Week Paris highlighted that "climate action makes good business sense." Business leaders, policymakers and non-governmental organizations (NGOs) alike confirmed that a strong global climate change agreement, to be adopted at COP 21, will be a critical signal to the private sector to scale up their low-carbon activities.

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Stakeholder Launch of Sustainable Innovation Forum 2015 Held at Climate Week Paris [viewed]

climate_action_parisweek21 May 2015: The UN Environment Programme (UNEP) and Climate Action held a Stakeholder Launch of the Sustainable Innovation Forum 2015 (SIF15) at Climate Week Paris, 200 days ahead of the SIF event to be held at the 21st session of the Conference of the Parties (COP 21) to the UNFCCC in December 2015. UNEP and Climate Action partner to host the SIF, which is the largest business-focused event at each COP session.

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Campaign to Align Corporate Emission Reduction Targets with 2°C Goal [viewed]

science_based_targets20 May 2015: The Science Based Targets initiative has launched a global campaign to recruit 100 companies by the end of 2015 to set emission reduction targets in line with climate science. While 80% of the world's 500 largest companies are setting such targets, only the most proactive companies are doing so at the level required to meet the internationally agreed goal of limiting global temperature rise to 2°C above pre-industrial levels by 2100.

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Subnational Governments Sign Under2 MOU [viewed]

under2mou20 May 2015: A group of 12 subnational governments, representing more than US$4.5 trillion in GDP and 100 million people, have signed the ‘Under2 MOU,' a commitment to take leadership on climate action at the relevant levels of jurisdiction. The 12 signatories include: California, Oregon, Vermont and Washington, in the US; Acre, Brazil; Baden-Württemberg, Germany; Baja California and Jalisco in Mexico; Catalonia, Spain; Ontario and British Columbia in Canada; and Wales, UK.

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