International Financial Institution

Sustainable Energy Finance Update: Majority of 2015 Renewables Investment Went to Developing Countries [viewed]

energy_finance_review20151 April 2016: When governments adopted the Sustainable Development Goals (SDGs) in September of last year, they agreed to a goal of ensuring access to affordable, reliable, sustainable and modern energy for all (SDG 7) by 2030. In a separate Goal, SDG 17, they set out targets for the means of implementation (MOI) necessary for achieving the SDGs. As the focus shifts from "the year of decisions" to "the year of implementation," the MOI necessary for achieving SDG 7, as well as the other Goals, are receiving greater attention. This update examines recent news related to finance MOI, with a view to identifying what governments and intergovernmental actors are doing to mobilize renewable energy, energy efficiency and energy access finance.

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March 2016 Transparency Update [viewed]

enlighten_unfccc_mrv31 March 2016: During the month of March, the UNFCCC Secretariat published a number of reports in accordance with the current transparency system of the UNFCCC. These include an information note on the creation of a public registry for nationally determined contributions (NDCs), 19 true-up period review reports (TPRs) and the greenhouse gas (GHG) inventory review report for Canada. Two UNFCCC meetings of lead reviewers also took place and the outcomes were subsequently published. In addition, the UN Environment Programme (UNEP) and Global Environment Facility (GEF) en.lighten initiative and the International Partnership on Mitigation and MRV announced transparency-related capacity-building initiatives.

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Event: PROFOR Advisory Board Meeting [viewed]

This meeting will focus on the theme 'Informing, Connecting and Shaping Forests,' and will consider how knowledge and tools developed under the Program on Forests (PROFOR) are influencing and improving development outcomes in the forest sector and beyond. Presentations will include an update on PROFOR's cross-sectoral programmatic activities, results from PROFOR's strengthened monitoring and evaluation program, and an overview of the proposed PROFOR portfolio for 2016 including country and regional activities.  

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Climate, Energy Groups Speak Out on International Women's Day [viewed]

womenday20168 March 2016: Marking this year's International Women's Day (IWD), UN agencies and other international organizations called for gender equality and women's empowerment, under the theme of ‘Planet 50-50 by 2030: Step it Up for Gender Equality.'

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Event: Africa Carbon Forum 2016 [viewed]

The Eight Africa Carbon Forum (ACF) will inform participants on the latest investment, finance and development opportunities relating to climate change. Issues for discussion include: opportunities for Africa in a post-Paris global landscape; policy options and opportunities for transformational development in the region presented by Nationally Determined Contributions (NDCs); innovative projects, programmes and investment opportunities for climate-resilient development, such as the Africa Renewable Energy Initiative and African Initiative on Adaptation and Loss and Damage; sources of climate finance and how to access them, including market-based approaches to sustainable development; results-based financing; and cooperative initiatives under the Nairobi Framework (NF) Partnership, which aims to improve the level of participation of developing countries, especially those in sub-Saharan Africa, in the Clean Development Mechanism (CDM). The ACF is organized by the Nairobi Framework partners, including the UNFCCC, the UN Environment Programme (UNEP) along with the UNEP DTU Partnership (UDP), the International Emissions Trading Association (IETA), the World Bank and the African Development Bank (AfDB). The Forum will bring together climate change focal points, project developers and policymakers, as well as representatives from financial institutions, CDM Designated National Authorities (DNAs), the private sector, non-governmental organizations (NGOs), multilateral agencies, the media and other stakeholders.  

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February 2016 Sustainable Energy Finance Update [viewed]

february2016_energy1 March 2016: During the month of February, the African Development Bank (AfDB), the Asian Development Bank (ADB), the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), the Nordic Environment Finance Corporation (NEFCO) and the World Bank announced sustainable energy project funding and initiatives. In addition, the Inter-American Development Bank (IDB) and EIB released publications related to finance and the clean energy sector, and AfDB, EBRD and the World Bank reported on events highlighting sustainable energy solutions.

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February 2016 Climate Finance Update [viewed]

february-climate-finance201629 February 2016: During the month of February, the Asian Development Bank (ADB), the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), the Climate Investment Funds (CIF) and the World Bank, among others, reported on new funding and other climate finance news in the areas of, inter alia, climate and disaster risk reduction (DRR), smart cities, green bonds, and technology transfer and development. The Partnership for Market Readiness (PMR), EIB, the Green Climate Fund (GCF) and the Adaptation Fund released publications.

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Morocco Advances INDC Targets with Opening of Solar Power Plant [viewed]

morocco4 February 2016: In June 2015, the Government of Morocco submitted its intended nationally determined contribution (INDC) to the UNFCCC, announcing targets of reducing its greenhouse gas (GHG) emissions by 32% by 2030 compared to business-as-usual (BAU) projected emissions and reaching over 50% of installed electricity production capacity from renewable sources by 2025. In a significant step toward these goals, the first phase of the Noor-Ouarzazate concentrated solar power (CSP) plant became operational in February 2016.

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Event: Forest Carbon Partnership Facility PC21 [viewed]

The 21st Meeting of the Participants Committee (PC) of the Forest Carbon Partnership Facility (FCPF) is expected to review country submissions and decide on grant resource allocation. The PC is made up of 14 REDD+ countries and 14 financial contributors, and includes observers representing indigenous peoples, civil society, international organizations and the private sector.  

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PARCC Project Links Climate Assessments and Biodiversity Protection in West Africa [viewed]

unepwcmc_parcc_iucn_gef9 February 2016: An end-of-project workshop for partners of the Protected Areas Resilient to Climate Change (PARCC) explored how to use the results of new regional climate projections and in-depth vulnerability assessments to improve the management of protected areas in West Africa. The meeting took place in Banjul, The Gambia, from 24-29 January 2016.

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