International Financial Institution

Over 1000 Businesses, 73 Countries Support Carbon Pricing [viewed]

World Bank23 September 2014: Seventy-three countries and 22 states, provinces and cities, alongside over 1,000 business and investors, have signed a statement signaling their support for carbon pricing to help limit global temperature increase to below 2ºC, citing climate change as “one of the greatest global challenges" that "threatens to roll back decades of development and prosperity.”

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New York Declaration on Forests Pledges to Halt Natural Forest Loss by 2030 [viewed]

United Nations23 September 2014: The 'New York Declaration on Forests', as announced at the Climate Summit 2014, pledges to halve the rate of deforestation by 2020, halt the loss of natural forests by 2030, and restore 350 million hectares of degraded areas. Twenty-seven developed and developing countries, 34 companies, 16 indigenous peoples' organizations, and 45 non-governmental organizations (NGOs) and civil society organizations (CSOs) have endorsed the Declaration.

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Equator Prizes Awarded to 26 Local and Indigenous Leaders [viewed]

equator-prize-winner21 September 2014: The 2014 Equator Prize Awards Ceremony event honored 26 leaders of local and indigenous communities around the world, whose efforts to address climate change head on and innovate new solutions to issues of food security, land management and water conservation led to their selection from 1,234 global nominations. The Equator Initiative is a partnership between the UN Development Programme (UNDP) and various public and private donors.

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ADB Highlights Positive Economic Impacts of Energy Efficiency [viewed]

ADBSeptember 2014: A modeling study published by the Asian Development Bank (ADB) identifies several positive macroeconomic impacts from improving energy efficiency. The study focuses on seven Asian countries from 2010 to 2050, and finds that energy efficiency policies would have a positive impact on private consumption, government expenditure, investment, and result in an increase in intraregional trade.

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Climate Week NYC Opens with Focus on Low-Carbon Economy [viewed]

climate-week-nyc22 September 2014: Convened by the Climate Week NYC organizer The Climate Group, jointly with CDP, the opening day of the major, week-long event in New York, US, attracted the participation of global leaders from policy and business, and heard announcements of new greenhouse gas (GHG) reduction commitments from business and subnational governments. The event also marked the launch of a renewable energy campaign, a pro-mitigation business coalition, and a report on innovative climate and energy policies.

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MDBs Report on Climate Finance Provided in 2013 [viewed]

AfDB - IDB - EIB - ADB - World Bank Group19 September 2014: The third edition of the Joint MDB Report on Climate Finance 2013 has been expanded to include a better sectoral breakdown, and divisions by public and private operations. Since 2011, multilateral development banks (MDBs) have provided over US$75 billion in climate finance to developing and emerging economies, while, in 2013, they provided US$23.8 billion to address climate change, with 80%, or US$18.9 billion, dedicated to mitigation and 20%, or US$4.8 billion, going to adaptation.

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Samoa, UNDP Sign Agreement on Implementing Rio Conventions [viewed]

samoa-unep17 September 2014: The Government of Samoa and the UN Development Programme (UNDP) signed a project agreement on ‘Capacity for Implementing Rio Conventions in Samoa.' The project aims to accelerate Samoa's efforts to meet its international obligations on biodiversity, climate change and desertification.

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SLoCaT-Backed Study Calculates Public Transport Benefits [viewed]

slocat17 September 2014: An accelerated shift to clean public transport could save over US$100 trillion during the next 35 years, according to a study supported by the Partnership on Sustainable Transport (SLoCaT). The scenario study demonstrates how a shift in investment away from cars and towards public transport can reduce carbon dioxide emissions and result in savings in public and private capital, as well as in operating costs.

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World Bank Group Designs Pilot Auction Facility for Methane and Climate [viewed]

Worldbanklogo15 September 2014: The World Bank Group has announced the design of the Pilot Auction Facility for Methane and Climate Change Mitigation (PAF), a pay-for-performance instrument that aims to stimulate investment in projects that reduce emissions while maximizing the impact of scarce public resources and leveraging private sector financing through the use of auctions.

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World Reconstruction Conference: DRR Critical to Sustainable Development [viewed]

gfdrr12 September 2014: The second World Reconstruction Conference (WRC 2) brought together over 500 practitioners and policymakers from governments, civil society and the private sector to share lessons learned in post-disaster recovery and reconstruction. The conference aimed to help countries incorporate disaster recovery into their policies and institutions given the increasing frequency and intensity of natural disasters.

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