International Financial Institution

IOC-UNESCO Assesses Status of LMEs and Open Oceans [viewed]

UNESCO IOC13 July 2016: Fifty percent of all fish stocks in large marine ecosystems (LMEs) are overexploited and 60% of the world's coral reefs are threatened by local activities, according to the findings of a series of assessments by the Intergovernmental Oceanographic Commission of the UN Educational, Scientific and Cultural Organization (IOC-UNESCO). The Transboundary Waters Assessment Programme (TWAP) carried out the global assessments of transboundary water systems around the world in LMEs and the open ocean.

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Event: Restoring the Socio-Ecological and Socio-Economic Relationships in the Miombo Woodlands [viewed]

This meeting will seek to create an action plan for the miombo woodlands for the next three years focused on: drivers of land-use change; restoration; adaptation to climate change; socio-ecological relationships; and forest governance. The miombo woodlands are the most extensive warm dry forest type in southern Africa, covering 2.7 million square kilometers that span seven countries. They play a critical ecological, economic and social role, supporting, for example, the livelihoods of more than 65 million people in the region. The meeting is being convened by the Miombo Network, along with the Eduardo Mondlane University, the Global Observation of Forest and Land Cover Dynamics (GOFC-GOLD), the International Union for Conservation of Nature (IUCN), the Program on Forests (PROFOR), the Global Change System for Analysis, Research and Training, and the World Bank. The Miombo Network fosters collaborative efforts in land cover monitoring and management.  

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In FY16, World Bank Provides Over US$61 Billion [viewed]

world_bank_new12 July 2016: The World Bank Group's (World Bank) commitments rose to over US$61 billion in loans, grants, equity investments and guarantees to countries and private businesses in fiscal year 2016 (FY16), according to a World Bank press release. This financing includes support for climate change and a continued focus on sub-Saharan Africa, which remains a top priority with commitments to countries reaching US$12.5 billion in FY16.

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Adaptation and Loss and Damage Update: NAP Expo 2016 Underway, DRM Activities Enhance Urban Resilience [viewed]

adaptation_lost_damage11 July 2016: News in recent weeks related to climate change adaptation, disaster risk management (DRM) and disaster risk reduction (DRR) brought the issue of urban resilience to the forefront. NAP Expo 2016 and the Second Global Conference on Health and Climate contributed to the implementation of the Paris Agreement by giving renewed impetus to efforts to formulate and implement national adaptation plans (NAPs), and build healthier societies.

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Event: Asia Pacific Carbon Forum 2016 [viewed]

The Asia Pacific Carbon Forum 2016 will focus on two workstreams: emissions markets and carbon pricing, and climate finance and investment. It will address such themes as: carbon markets for climate change mitigation, particularly regarding how co-benefits from climate action can build resilience; finance and climate-friendly policies delivering on sustainable development, as part of countries' Nationally Determined Contributions (NDCs) under the Paris Agreement; how to align existing and new carbon markets and mechanisms in the region with the Paris Agreement; NDC implementation through market and non-market based approaches; and acceleration of climate action on the ground. The Forum, which is the region's leading annual event for climate finance, carbon markets and low carbon technologies, will bring together representatives of business, finance and government and is being held as part of Global Green Growth Week 2016. It is being jointly organized by the Asian Development Bank (ADB), the International Emissions Trading Association (IETA), the UN Framework Convention on Climate Change (UNFCCC) and the Institute for Global Environmental Strategies (IGES), in collaboration with the Global Green Growth Institute (GGGI).  

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June 2016 Climate Finance Update: Funds Meet, Non-state Actor Engagement Accelerates [viewed]

june20165 July 2016: This issue of the Climate Finance Update features recent global and regional news on climate finance activities by a variety of intergovernmental actors. Several climate funds met in June to make decisions on strategy and funding. A number of disaster recovery and resilience projects received funding in Asia and Africa. The World Bank highlighted developments in carbon pricing, and some concrete measures were taken to increase the engagement of non-state actors in climate financing.

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Transparency and Compliance Update: Developed Countries' Reviews Released, GEF Approves Trust Fund for CBIT [viewed]

Transparency and Compliance Update1 July 2016: In the last month, the UNFCCC Secretariat has released updates regarding national reporting from Parties on their climate change action, including status reports on greenhouse gas (GHG) inventories, reports of the technical review of Biennial Report (BR) submissions, and the summary report on the technical analysis of Andorra's first Biennial Update Report (BUR). Also in June, the Enforcement Branch took up questions of implementation with respect to Ukraine under the Kyoto Protocol, and the Global Environment Facility (GEF) approved a financial initiative and trust fund for the Paris Agreement's Capacity Building Initiative for Transparency (CBIT).

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Sustainable Energy Finance Update: World Bank and India Team Up on Solar, US$1 Billion Pledged for Sustainable Energy in Pacific [viewed]

sustainable_energy_finance1 July 2016: The New Energy Outlook 2016, a long-term forecast published in June by Bloomberg New Energy Finance (BNEF), predicts that coal and gas prices will remain lower than expected. However, with wind and solar costs anticipated to dip relatively lower, the Outlook assures that a fundamental transformation toward renewables is still in the works, with US$7.8 trillion in clean energy investments projected from 2016-2040.

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GCF Board Approves Nine Projects, Adopts Risk and Investment Guidelines [viewed]

green-climate-fund-new30 June 2016: During its 13th meeting, the Green Climate Fund (GCF) Board approved nine new projects, totaling US$256.6 million in GCF funding. The Board also adopted interim risk and investment guidelines, approved resources for national adaptation planning processes and announced a US$200 million pilot for Enhanced Direct Access.

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Adaptation and Loss and Damage Update: Regions Step up DRR Efforts and Resilience to El Niño, Human Mobility, Climate Change and Development Nexus Explored [viewed]

Adaptation_loss_and_damage30 June 2016: As May 2016 became the 13th consecutive month to break the global temperature records, the world's regions' need to adapt to the changing climate grew stronger. In 2015-2016, the periodic warming of the central to Eastern tropical Pacific, known as 'El Niño,' was the strongest since 1997-1998, causing some regions to receive more rain, and others to receive no precipitation. These changes impacted agriculture, food security and nutrition among the affected populations. During the past few weeks, the world's regions, States and sectors have redoubled adaptation efforts, focusing on building resilience and managing disaster risks. The news reported in this Update also demonstrate that the role of cooperation, innovation and knowledge dissemination in advancing climate change adaptation efforts cannot be underestimated.

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