International Financial Institution

CIF Expands Investment Opportunities to 72 Countries [viewed]

CIF19 May 2015: Decisions taken during the semi-annual Climate Investment Funds (CIF) governing body meetings will bring the US$8.1 billion CIF to a total of 72 developing and middle-income countries in the areas of renewable energy, technology, sustainable forestry and climate resilience. During the meetings, the CIF earmarked US$100 million to Ghana, Nicaragua and Haiti to help them develop their renewable energy markets.

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IMF Estimates Global Energy Subsidies at US$5.3 Trillion [viewed]

IMF18 May 2015: A study by the International Monetary Fund (IMF) concludes that, despite the decline in energy prices, global energy subsidies are “dramatically higher than previously estimated.” The working paper, which presents updated information on regional and global energy subsidies, argues that subsidy reform is in countries' own interests given related fiscal, environmental and welfare benefits.

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SE4ALL Global Tracking Framework Reports Rapid but Insufficient Progress [viewed]

progress_toward_sustainable_energy18 May 2015: According to the second edition of the Sustainable Energy for ALL (SE4ALL) Global Tracking Framework, the world has made more rapid progress on sustainable energy during 2010-2012 than the period from 1990-2010, measured in the first edition of the Framework. The report cautions, however, that efforts must further accelerate to achieve SE4ALL's three goals of: doubling the share of renewables in the global energy mix; doubling the global rate of energy efficiency improvement; and ensuring universal access to modern energy by 2030.

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UN CC:Learn Releases REDD+ Learning Guide [viewed]

Unitar13 May 2015: The UN Institute for Training and Research (UNITAR) One UN Climate Change Learning Partnership (UN CC:Learn) released a resource guide on REDD+ developed with support from UN-REDD and the Forest Carbon Partnership Facility (FCPF). The guide is intended to facilitate access to the most relevant and recent learning and training material on REDD+.

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Second SE4ALL Forum to Highlight Finance, First UN Global Energy Ministerial Dialogue [viewed]

SE4ALL14 May 2015: The Sustainable Energy for All (SE4ALL) initiative is set to convene the Second Annual SE4ALL Forum under the theme ‘Financing Sustainable Energy for All'. The Forum, to be held from 18-21 May 2015, at UN Headquarters in New York, US, will include the launch of the Global SE4ALL Commitment Platform, two-days of Multi-Stakeholder sessions and the first-ever Global Energy Ministerial Dialogue at the UN.

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World Bank Outlines Steps to Global Zero Net Emissions Before 2100 [viewed]

World Bank11 May 2015: The World Bank has launched a report that outlines three steps for reaching zero net emissions globally before 2100. In order to keep global temperature rise below 2ºC degrees Celsius, the report calls on governments to: avoid locking in damaging growth patterns; create incentives for investing in low-carbon growth; and establish support mechanisms for the poor and transformation opportunities for businesses.

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Event: Carbon Expo 2015: Global Carbon Market Fair and Conference [viewed]

The 12th edition of the Carbon Expo, organized by the International Emissions Trading Association (IETA), the World Bank Group and the Fira de Barcelona, will feature over 220 speakers in nine plenary sessions and 27 workshops, in addition to hosting 36 side events. The event will focus on carbon pricing, investors' expectations for the anticipated 2015 global climate change agreement and the transition to a low-carbon economy. Topics to be examined at the Expo's sessions include: Landscapes as a Green Growth Component to Bridge the Global Emissions Gap; Transforming the Energy Sector - The Next Generation of Climate Technologies; EU ETS [Emissions Trading System] Turns 10: A New Beginning?; and Climate Transparency: Comparing and Tracking Progress Toward and Beyond Paris 2015. The fair, held in conjunction with the conference, will host approximately 100 exhibitors displaying new technologies, carbon abatement solutions and information on emissions trading.  

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Event: Workshop on Corruption Risks and Anti-Corruption Strategies in Climate Aid [viewed]

The 'Workshop on Corruption Risks and Anti-Corruption Strategies in Climate Aid – Good Governance towards Integrity, Transparency, and Accountability in Achieving Objectives of Climate Mitigation and Adaptation' will discuss: how to most effectively address corruption; and how anti-corruption efforts can be integrated into measures that achieve good governance in combating climate change, and ensuring transparent, efficient and accountable use of climate finance. This high-level and interactive workshop will present cases drawn from climate aid flows and corruption examples in climate aid in the Philippines. Trainers from the U4 Anti-Corruption Resource Centre, as well as the Asian Development Bank (ADB) and staff from the German Gesellschaft fuer Internationale Zusammenarbeit (GIZ), will facilitate a training workshop. More specifically, the event aims to: develop a common understanding of corruption risks, causes and consequences in climate financial flows and uses, including regarding natural resource management; examine existing and potential anticorruption strategies to mitigate corruption risks in climate financing and in natural resource management; and formulate recommendations for mitigating corruption risk in the climate financing flows at country level, using the Philippines as a case study. The workshop is being organized by ADB, in collaboration with GIZ, the U4 Anti-Corruption Resource Centre, and in partnership with the Government of the Philippines' Office of the Ombudsman.  

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GFDRR Calls for Strengthening Disaster Recovery Systems [viewed]

gfdrrMay 2015: The Global Facility for Disaster Reduction and Recovery (GFDRR) has published a report that: documents the challenges and progress made globally in integrating disaster risk reduction (DRR) measures into post-disaster recovery and rehabilitation; and recommends policies for strengthening disaster recovery systems to enable countries to protect their development gains.

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BRICS Environment Ministers Discuss Green Economy, Climate Change [viewed]

brics22 April 2015: The Environment Ministers of Brazil, Russia, India, China and South Africa (BRICS) gathered for their first official meeting, to discuss green economy development and cooperation in tackling climate change. The Ministers highlighted that sustainable development should address in particular: poverty eradication; changing unsustainable and promoting sustainable patterns of consumption and production (SCP); protecting and managing the natural resource base of economic and social development; and addressing climate change.

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