International Financial Institution

CEM6 Announces Actions for Global Clean Energy Transition [viewed]

CEM6 Participants28 May 2015: During the sixth Clean Energy Ministerial (CEM6), “ambitious actions to accelerate the global transition to clean energy” were announced, including global efforts addressing critical technology and policy challenges of efficient lighting, low-carbon power systems and information availability regarding low-carbon development policies. At CEM6, ministers agreed to launch an enhanced, second phase of work under the CEM, referred to as “CEM 2.0.”

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Carbon Expo 2015 Highlights Market Mechanisms for Climate Change Mitigation [viewed]

CARBON EXPO 201228 May 2015: The 12th edition of the Carbon Expo instilled a sense of renewed optimism about the future of carbon markets, according to event organizers. The 2015 Carbon Expo, which is a global carbon market fair and conference, brought together stakeholders from the policy, business, non-governmental, research and financial realms to discuss carbon pricing and finance tools for transitioning to low-carbon economies.

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May 2015 Climate Finance Update [viewed]

AfDB - IDB - Adaptation Fund - UNDP - GEF - World Bank - APEC - SLoCaT - UNISDR - ADB - EIB1 June 2015: Climate finance-related news and announcements during May 2015 were published by the African Development Bank (AfDB), the Inter-American Development Bank (IDB), the Adaptation Fund, the UN Development Programme (UNDP), the Global Environment Facility (GEF), the World Bank, Asia-Pacific Economic Cooperation (APEC), the Partnership on Sustainable Low Carbon Transport (SLoCaT) and the UN Office for Disaster Risk Reduction (UNISDR). AfDB, IDB, the Asian Development Bank (ADB), the European Investment Bank (EIB) and the World Bank launched studies, reports and stories related to climate risk and finance. AfDB, ADB and the World Bank reported on climate change and finance-related events.

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May 2015 Sustainable Energy Finance Update [viewed]

AfDB-ADB-EBRD-EIB-GEF-IDB-OPEC-World BankMay 2015: In May, the African Development Bank (AfDB), Asian Development Bank (ADB), European Bank for Reconstruction and Development (EBRD), European Investment Bank (EIB), Global Environment Facility (GEF), Inter-American Development Bank (IDB), OPEC (Organization of the Petroleum Exporting Countries) and World Bank announced funding for sustainable energy projects.

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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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