International Financial Institution

Event: 2016 GEF ECW for the Southern Africa Constituency [viewed]

Expanded constituency workshops (ECW) aim to keep Global Environment Facility (GEF) national focal points, convention focal points and other key stakeholders, including civil society, abreast of GEF strategies, policies and procedures and to encourage coordination. They provide an opportunity for focal points to meet with their counterparts from other countries in the region and GEF partners to review policies and procedures and share lessons and experiences from the development and implementation of GEF projects and their integration into national policy frameworks.  

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IMF Experts Call for Carbon Pricing to Implement Paris Agreement [viewed]

IMF11 January 2016: In a report published as part of the International Monetary Fund (IMF) Staff Discussion Note (SDN) series, experts examine the role that fiscal polices can play in assisting countries to implement the Paris Agreement adopted at the end of 2015. The paper, titled 'After Paris: Fiscal, Macroeconomic, and Financial Implications of Climate Change,' considers how developing and developed countries alike can prevent deaths, raise revenue for adaptation and attract private finance flows for mitigation by getting fiscal policies right, with a focus on carbon pricing.

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IGOs, Development Banks and UN Agencies React to Paris Agreement [viewed]

paris_agreementDecember 2015: Upon adoption of the Paris Agreement by the 21st session of the Conference of the Parties (COP 21) to the UNFCCC in Paris, France, a broad array of stakeholders, including UN agencies, development banks and intergovernmental organizations (IGOs), responded to the outcome reached by the 196 UNFCCC Parties. The Agreement, which will be opened for signature in April 2016, aims to strengthen the global response to climate change, hold the increase in global average temperature to well below 2°C above pre-industrial levels, and pursue efforts to limit the temperature increase to 1.5°C.

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December 2015 Sustainable Energy Finance Update [viewed]

energy2015January 2016: During the month of December, the African Development Bank (AfDB), Asian Development Bank (ADB), Caribbean Development Bank (CBD), European Bank for Reconstruction and Development (EBRD), European Investment Bank (EIB), Inter-American Development Bank (IDB) and World Bank announced sustainable energy project funding and initiatives. ADB and EIB released reports on financing and deploying clean energy.

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Event: ADB Board of Governors 49th Annual Meeting [viewed]

The annual meeting of the Asian Development Bank (ADB) aims to provide: guidance on ADB administrative, financial and operational directions; and the opportunity for member governments to interact with ADB staff, nongovernment organizations, the media and representatives of observer countries, international organizations, academia and the private sector. The annual meetings, which are held in a member country in late April or early May and include the participation of finance and economic planning ministers, senior government officials, representatives of multilateral development banks (MDBs) and investment bankers, aim to discuss challenges and explore solutions facing Asia and the Pacific.  

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Guest Article #137: Mobilising 100 Financial Institutions for Energy Efficiency [viewed]

This month's COP 21 in Paris concluded with a universal agreement to keep the global temperature rise well below 2 degrees Celsius, and to aim to further reduce it to below 1.5 degrees. To achieve this, the world needs to shift to carbon neutral economies within this century – with a downward carbon trend required well before 2050.

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December 2015 Climate Finance Update [viewed]

December 2015 Climate Finance Update21 December 2015: During the month of December, the Asian Development Bank (ADB), the African Development Bank (AfDB), the European Bank for Reconstruction and Development (EBRD), the World Bank, the Green Climate Fund (GCF), the Adaptation Fund and the Secretariat of the UN Framework Convention on Climate Change (UNFCCC), among others, reported on new financing pledges and other climate finance news. Multilateral Development Banks (MDBs), climate funds and UN initiatives launched studies, reports and briefs on, inter alia, climate risks and resilience, and adaptation finance. A large number of climate finance-related side events were held during the UN Paris Climate Change Conference in December 2015.

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WTO Reports Progress on Environmental Goods Agreement [viewed]

World Trade Organization (WTO)14 December 2015: The World Trade Organization (WTO) has achieved "considerable progress and a high degree of convergence" toward an environmental goods agreements (EGA) to lower trade barriers on environmental goods, according to the chair of the negotiations, Andrew Robb of Australia. The EGA would contribute to achieving the Sustainable Development Goals (SDGs) and the Paris Agreement on Climate Change, Robb notes.

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UNIDO, GEF Provide Mitigation Training to CIS Experts [viewed]

GEF UNIDO7 December 2015: The UN Industrial Development Organization (UNIDO) has organized a workshop to train experts from the Commonwealth of Independent States (CIS) to develop programmes for climate-change mitigation. Approximately 40 participants from Armenia, Belarus, Kazakhstan, Kyrgyzstan, the Russian Federation and Ukraine received training in building programmes to reduce greenhouse gas (GHG) emissions and to promote the uptake of clean technologies and other mitigation actions.

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Event: 2016 Annual Meetings of the Inter-American Development Bank and Inter-American Investment Corporation [viewed]

The 57th Annual Meeting of the Board of Governors of the Inter-American Development Bank (IDB) and the 31st Annual Meeting of the Board of Governors of the Inter-American Investment Corporation (IIC) is intended to provide a forum for discussion among the institution's Governors, including finance ministers and central bank presidents, and representatives of multilateral financial institutions, development agencies and private banks. A series of seminars will take place prior to the opening of the meeting. In addition to meetings of the Boards of Governors, the meeting will include sessions on, inter alia: the private sector as an engine of growth for Latin America and the Caribbean (LAC); strengthening financing for the private sector to promote growth; consolidating LAC's participation in global value chains; the Caribbean's energy challenge; protecting productive ecosystems, including the coasts and the ocean, through an integrated approach; a “Blue Urban Agenda”; and the Road to Habitat III. The annual meetings take place in late March or early April each year.  

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