GEF

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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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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Capacity Building and Technology Update: SB 44 Outcomes Focus on Implementation of Paris Agreement, GEF Establishes CBIT Trust Fund [viewed]

UNFCCC - GEF - UNITAR18 June 2016: The 44th sessions of the UNFCCC Subsidiary Body for Implementation (SBI 44) and Subsidiary Body for Scientific and Technological Advice (SBSTA 44) and the first session of the Ad Hoc Working Group on the Paris Agreement (APA 1) were held in Bonn, Germany, from 16-26 May 2016. The sessions presented the first opportunity for Parties to consider Paris mandates on capacity building and technology development and transfer, including the terms of reference (ToR) for the Paris Committee on Capacity-building, the Paris Agreement's technology framework, and the scope and modalities for the periodic assessment of the Technology Mechanism in the context of how it serves the Paris Agreement.

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GEF Council Marks 25th Anniversary, Approves Work Program for US$398.68 Million, CBIT Trust Fund [viewed]

gef509 June 2016: The 50th meeting of the Global Environment Facility (GEF) Council, which marked the occasion of the 25th anniversary of the GEF, approved a Work Program comprising 38 project concepts and four programmatic frameworks, with total resources amounting to US$398.68 million. In addition, the GEF Council established a new trust fund for the Capacity-building Initiative for Transparency (CBIT), which was created in response to a request by the UNFCCC Conference of the Parties, as reflected in the decision adopting the Paris Agreement on climate change.

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Trondheim Conference Addresses Linkages between Biodiversity and Agriculture [viewed]

trondheim6 June 2016: Participants at the eighth Trondheim Conference on Biodiversity recognized biodiversity and ecosystem services as essential in supporting agriculture in multiple ways and at all levels, stressing their integration into other sectors as essential in achieving the Sustainable Development Goals (SDGs). The Conference focused on the interlinkages between biodiversity and agriculture to develop food systems for a sustainable future.

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STAP Reports Advise GEF Council on SLM, Sustainable Agriculture, Project Design and Source-to-Sea Continuum [viewed]

gef_stapJune 2016: As input to the 50th meeting of the Council of the Global Environment Facility (GEF), the Scientific and Technical Advisory Panel (STAP) of the GEF produced four reports, addressing: the design of sustainable development projects; sustainable land management (SLM) and food security; indicators for assessing the sustainability of agricultural production; and a framework for managing flows in the source-to-sea continuum.

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Energy Outlook: Clean Energy Investments, RE Employment Increasing, Cities Unlock Mitigation Potential [viewed]

unfccc_wb_irena_iea2 June 2016: Energy-related news of the past few weeks reported here indicate that regional development banks' investments in clean energy are increasing. Other recent developments show that: renewables are currently firmly established as competitive, mainstream sources of energy; energy efficiency (EE) action in urban environments helps cities transition to sustainable energy systems; and employment in renewable energy (RE) is on the rise. Events, initiatives and publications described in this update contribute to the implementation of the Sustainable Development Goals (SDGs) of the 2030 Agenda for Sustainable Development, particularly SDGs 7 (Ensure access to affordable, reliable, sustainable and modern energy for all), 13 (Take urgent action to combat climate change and its impacts) and 1 (End poverty in all its forms everywhere).

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Transparency and Compliance Update: UNFCCC National Reporting News Highlighted, Capacity Building Initiative Launched [viewed]

unfccc_gef_mrv1 June 2016: A transparency and compliance regime is vital for building international trust and confidence that action to address climate change is taking place, as well as for assessing how to facilitate further action. In the last month, the UNFCCC Secretariat has released updates regarding national reporting from Parties on their climate change action, including a status report on Switzerland's greenhouse gas (GHG) inventory, the status of Biennial Report (BR) submissions and assistance from the Global Environment Facility (GEF) to developing countries for their Biennial Update Reports (BURs). In addition, during the Bonn Climate Change Conference, held 16-26 May, 13 developing country Parties presented their experience with preparing BURs, and the GEF updated participants on progress toward establishing and funding the Capacity Building Initiative for Transparency (CBIT).

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Sustainable Energy Finance Update: MDBs Prioritize Clean, Efficient Energy, Invest in Infrastructure to Expand Electricity Access [viewed]

energy_update_jun1 June 2016: During the month of May, many multilateral development banks (MDBs) hosted their annual meetings, at which sustainable energy was often a central theme. The African Development Bank (AfDB), for instance, has placed powering the African continent “on the front burner,” putting it at the top of its priority list.

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