International Financial Institution

Sub-national Governments Push for Climate Action [viewed]

ccca2016_seoul_C40_iclei 2 September 2016: At two recent major events bringing together representatives of local and regional governments, municipal and provincial authorities showcased the action they are taking to address climate change and urged their national governments to follow suit. In addition, mayors of cities from the Group of Twenty (G20) countries penned an open letter to their leaders calling on them to make concrete plans to implement the Paris Agreement.

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Event: Sixth Workshop on Adaptation to Climate Change in Transboundary Basins [viewed]

This workshop will consider the theme, 'Financing Climate Change Adaptation in Transboundary Basins,' and will convene back-to-back with the 8th meeting of the Task Force on Water and Climate. The workshop is organized in the framework of the UNECE Convention on the Protection and Use of Transboundary Watercourses and International Lakes (Water Convention) and under the leadership of the Governments of the Netherlands and Switzerland, in cooperation with international partners, including the World Bank Group, AGWA, IUCN and WMO. In light of the outcomes of UNFCCC COP 21 and in view of the upcoming COP 22 in Morocco, the workshop aims to facilitate implementation and financing of basin-wide adaptation - from strategies and plans to concrete measures - while considering differences in transboundary basins' governance, administrative structure and mandate. It will also consider the current global climate finance infrastructure, barriers and challenges in accessing climate finance for water and discuss how to ensure transboundary aspects are taken into account in national and local projects, where relevant. Private sector and innovative finance mechanisms will also be considered. The workshop will bring together water practitioners and authorities responsible for addressing climate change impacts, at the national and transboundary levels, with representatives of bilateral and multilateral donors, financing institutions and the private sector.  

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August 2016 Climate Finance Update: Readiness, Simplified Access to Finance in the Spotlight; Caribbean Disaster Resilience and Relief Gets Support [viewed]

august_climte_update30 August 2016: During the month of August, the focus of multilateral climate financing activities turned to the South, with a number of high-level meetings and technical workshops focusing on access, readiness and the special circumstances of vulnerable developing countries. The Green Climate Fund (GCF) signed its first disbursement agreement and the Adaptation Fund reported a record level of requested support.

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World Bank Approves Environmental and Social Framework Inclusive of Ten Safeguards [viewed]

world_bank_new4 August 2016: An Environmental and Social Framework (ESF) meant to expand the protection of people and the environment in World Bank-financed projects has been approved by the World Bank's Board of Executive Directors, following almost four years of review.

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Inaugural African Drought Conference Issues Windhoek Declaration, Adopts Strategic Framework [viewed]

unccd_namibia_au19 August 2016: The High-Level Meeting of the inaugural African Drought Conference, comprising African member States and Parties to the UN Convention to Combat Desertification (UNCCD), adopted an overarching Strategic Framework to enhance resilience to the impact of drought events in Africa, issued the 'The Windhoek Declaration,' and underscored the importance of drought resilience in achieving Land Degradation Neutrality (LDN) under the Sustainable Development Goals (SDGs).

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Mitigation Update: Sustainable Energy Systems Examined, Mexico to Launch ETS Pilot [viewed]

mitigation_update17 August 2016: Recent weeks have brought news about our energy system as it grows and changes. A report on integrating solar and wind into the grid calls for taking whole system value into account. Kenya's counties are preparing and planning for sustainable energy systems, and solutions in the information and communications technology (ICT) sector are being highlighted. This Update also includes news on two approaches to mitigating greenhouse gases (GHGs) – through emissions trading in Mexico and peatlands in Mongolia.

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2015 Climate Finance by MDBs at US$25 Billion [viewed]

2015_climate_finance9 August 2016: In 2015, six multilateral development banks (MDBs) jointly committed more than US$25 billion in climate finance. According to the '2015 Joint Report on Multilateral Development Banks' Climate Finance,' in addition, a total of US$55.7 billion were committed in co-finance, raising the total to US$80.8 billion. The sum committed in 2015 by the six MDBs represents an 11% drop compared to climate financing commitments in 2014, at US$28.3 billion, but is above 2013 levels (US$23.8 billion). The 2014 report (published in 2015) did not include data for co-financing.

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Adaptation and Loss and Damage Update: Heat-Related Deaths to Increase, Children and the Poor Most Climate Vulnerable [viewed]

adaptation and loss update8 August 2016: As reports of new temperature extremes exceeding the 50°C mark continue to come in, further climate change-related concerns have been voiced by the UN community. The UN Office for Disaster Risk Reduction (UNISDR) has expressed concern over a potential rise in deaths precipitated by heat. The UN Children's Fund (UNICEF) and the World Bank have cautioned that children and the world's poor are among those disproportionately affected by climate change. The Food and Agriculture Organization of the UN (FAO), the UN Economic Commission for Latin America and the Caribbean (ECLAC) and others have emphasized climate change impacts on food security. On the policy side, the Adaptation Committee (AC) and the Least Developed Countries (LDC) Expert Group (LEG) have issued a call for submissions from Parties and stakeholders on their Paris mandates.

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Event: 4th Forum of the Standing Committee on Finance [viewed]

This event will focus on financial instruments that address the risks of loss and damage associated with the adverse effects of climate change. More than 100 representatives from governments, financial institutions, private sector and civil society are expected to attend the forum. The forum has on its agenda: an overview of the approaches that address the risks of loss and damage; taking stock of existing financial instruments that address the risks of loss and damage across different levels and sectors; insights and case studies on these existing financial instruments; experiences on emerging national/regional funding schemes and new financing instruments; ways to replicate and scale‐up good practices and enhance effectiveness and impact; and roles and functions of different actors and strengthening linkages and collaboration. The Standing Committee on Finance (SCF) was mandated by the 17th session of the Conference of the Parties to the UNFCCC (COP 17), to organize a Forum for communicating and continuing information exchange related to climate change finance in order to promote linkages and coherence. The SCF reports on the Forum in its annual reports to the COP. The Forum is being organized by the UNFCCC in cooperation with the Asian Development Bank (ADB).  

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Sustainable Energy Finance Update: MDBs Boost African, Asian Energy Access and Building, Lighting Efficiency [viewed]

sustainable_energy_update1 August 2016: During the month of July, the International Energy Agency (IEA) released data demonstrating the growing market share of renewable energy, which has reached 13.8% of the world's primary energy supply and nearly a quarter of electricity production. Over the course of July, significant public investments in energy access, renewable energy and energy efficiency were announced, with financing for energy access largely focused on Asia and Africa, while renewable energy investments tended to be in Europe. The energy efficiency initiatives announced focused on the building and lighting sectors in a variety of countries.

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