International Financial Institution

World Bank Approves Environmental and Social Framework Inclusive of Ten Safeguards [viewed]

world_bank_new4 August 2016: An Environmental and Social Framework (ESF) meant to expand the protection of people and the environment in World Bank-financed projects has been approved by the World Bank's Board of Executive Directors, following almost four years of review.

read more »

Inaugural African Drought Conference Issues Windhoek Declaration, Adopts Strategic Framework [viewed]

unccd_namibia_au19 August 2016: The High-Level Meeting of the inaugural African Drought Conference, comprising African member States and Parties to the UN Convention to Combat Desertification (UNCCD), adopted an overarching Strategic Framework to enhance resilience to the impact of drought events in Africa, issued the 'The Windhoek Declaration,' and underscored the importance of drought resilience in achieving Land Degradation Neutrality (LDN) under the Sustainable Development Goals (SDGs).

read more »

Mitigation Update: Sustainable Energy Systems Examined, Mexico to Launch ETS Pilot [viewed]

mitigation_update17 August 2016: Recent weeks have brought news about our energy system as it grows and changes. A report on integrating solar and wind into the grid calls for taking whole system value into account. Kenya's counties are preparing and planning for sustainable energy systems, and solutions in the information and communications technology (ICT) sector are being highlighted. This Update also includes news on two approaches to mitigating greenhouse gases (GHGs) – through emissions trading in Mexico and peatlands in Mongolia.

read more »

2015 Climate Finance by MDBs at US$25 Billion [viewed]

2015_climate_finance9 August 2016: In 2015, six multilateral development banks (MDBs) jointly committed more than US$25 billion in climate finance. According to the '2015 Joint Report on Multilateral Development Banks' Climate Finance,' in addition, a total of US$55.7 billion were committed in co-finance, raising the total to US$80.8 billion. The sum committed in 2015 by the six MDBs represents an 11% drop compared to climate financing commitments in 2014, at US$28.3 billion, but is above 2013 levels (US$23.8 billion). The 2014 report (published in 2015) did not include data for co-financing.

read more »

Adaptation and Loss and Damage Update: Heat-Related Deaths to Increase, Children and the Poor Most Climate Vulnerable [viewed]

adaptation and loss update8 August 2016: As reports of new temperature extremes exceeding the 50°C mark continue to come in, further climate change-related concerns have been voiced by the UN community. The UN Office for Disaster Risk Reduction (UNISDR) has expressed concern over a potential rise in deaths precipitated by heat. The UN Children's Fund (UNICEF) and the World Bank have cautioned that children and the world's poor are among those disproportionately affected by climate change. The Food and Agriculture Organization of the UN (FAO), the UN Economic Commission for Latin America and the Caribbean (ECLAC) and others have emphasized climate change impacts on food security. On the policy side, the Adaptation Committee (AC) and the Least Developed Countries (LDC) Expert Group (LEG) have issued a call for submissions from Parties and stakeholders on their Paris mandates.

read more »

Event: 4th Forum of the Standing Committee on Finance [viewed]

This event will focus on financial instruments that address the risks of loss and damage associated with the adverse effects of climate change. More than 100 representatives from governments, financial institutions, private sector and civil society are expected to attend the forum. The forum has on its agenda: an overview of the approaches that address the risks of loss and damage; taking stock of existing financial instruments that address the risks of loss and damage across different levels and sectors; insights and case studies on these existing financial instruments; experiences on emerging national/regional funding schemes and new financing instruments; ways to replicate and scale‐up good practices and enhance effectiveness and impact; and roles and functions of different actors and strengthening linkages and collaboration. The Standing Committee on Finance (SCF) was mandated by the 17th session of the Conference of the Parties to the UNFCCC (COP 17), to organize a Forum for communicating and continuing information exchange related to climate change finance in order to promote linkages and coherence. The SCF reports on the Forum in its annual reports to the COP. The Forum is being organized by the UNFCCC in cooperation with the Asian Development Bank (ADB).  

read more »

Sustainable Energy Finance Update: MDBs Boost African, Asian Energy Access and Building, Lighting Efficiency [viewed]

sustainable_energy_update1 August 2016: During the month of July, the International Energy Agency (IEA) released data demonstrating the growing market share of renewable energy, which has reached 13.8% of the world's primary energy supply and nearly a quarter of electricity production. Over the course of July, significant public investments in energy access, renewable energy and energy efficiency were announced, with financing for energy access largely focused on Asia and Africa, while renewable energy investments tended to be in Europe. The energy efficiency initiatives announced focused on the building and lighting sectors in a variety of countries.

read more »

Multilateral Initiatives Advance Renewable Energy, Efficiency in the Caribbean, Asia [viewed]

cbd_ifc_irena_iea_unido28 July 2016: A number of capacity-building projects, including workshops and a new center in Asia, have been announced and are geared toward helping developing countries adopt and standardize energy efficiency measures and expand the reach of renewable energy. Recently published reports also have the potential to serve as resources for several countries as they move toward a cleaner energy future. These initiatives, as emphasized by their sponsors, are important for achieving the climate objectives in the Paris Agreement and the Sustainable Development Goal 7 (SDG) related to clean energy and energy access.

read more »

July 2016 Climate Finance Update: Meetings Call for Access, Mobilization, Scaling Up [viewed]

july2016_finance1 August 2016: During the month of July, a number of high-level meetings highlighted the need for enhanced focus on climate finance. Resilience and disaster recovery projects in Asia and Africa received new financing. Climate funds launched calls for readiness and private sector support projects, and a number of entities reported on lessons learned from climate finance in agriculture, forests, gender mainstreaming and regional resilience investment planning.

read more »

Event: Second Green Climate Fund Regional Meeting in the Pacific [viewed]

The second Green Climate Fund (GCF) regional meeting in the Pacific will take place from 1-4 August in Suva, Fiji. The event will be co-hosted by the GCF Secretariat and the Government of Australia and will take place at the headquarters of the Pacific Islands Forum Secretariat. Led by the GCF Board Co-Chairs, the meeting will seek to build Pacific countries' capacity to access GCF funding and to develop country-driven ideas into concrete funding proposals.  

read more »