International Financial Institution

Transparency and Compliance Update: UNFCCC National Reporting News Highlighted, Capacity Building Initiative Launched [viewed]

unfccc_gef_mrv1 June 2016: A transparency and compliance regime is vital for building international trust and confidence that action to address climate change is taking place, as well as for assessing how to facilitate further action. In the last month, the UNFCCC Secretariat has released updates regarding national reporting from Parties on their climate change action, including a status report on Switzerland's greenhouse gas (GHG) inventory, the status of Biennial Report (BR) submissions and assistance from the Global Environment Facility (GEF) to developing countries for their Biennial Update Reports (BURs). In addition, during the Bonn Climate Change Conference, held 16-26 May, 13 developing country Parties presented their experience with preparing BURs, and the GEF updated participants on progress toward establishing and funding the Capacity Building Initiative for Transparency (CBIT).

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Sustainable Energy Finance Update: MDBs Prioritize Clean, Efficient Energy, Invest in Infrastructure to Expand Electricity Access [viewed]

energy_update_jun1 June 2016: During the month of May, many multilateral development banks (MDBs) hosted their annual meetings, at which sustainable energy was often a central theme. The African Development Bank (AfDB), for instance, has placed powering the African continent “on the front burner,” putting it at the top of its priority list.

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Event: Tenth Latin American and Caribbean Carbon Forum [viewed]

Organized by the UNFCCC, the UN Environment Programme (UNEP), UN Development Programme (UNDP), Inter-American Development Bank (IDB), the World Bank Group (WBG) and partners, the tenth Latin American and Caribbean Carbon Forum (LACCF) will bring together key players from the private and public sectors to discuss climate change mitigation, and reach out to cooperation agencies, potential investors and service providers. The LACCF will showcase opportunities in line with the Paris Agreement, including: Nationally Determined Contributions (NDCs) implementation; leveraging public and private finance for climate action; carbon pricing mechanisms and carbon markets; sustainable development and transformational change; public-private partnerships (PPPs); and innovative business models to fight climate change. The Forum will also feature the latest advances and resources on sustainable cities, agroindustry, energy, extractive industries, forests and transport. The LACCF will be held during the 2016 Latin America and Caribbean Climate Week, back-to-back with the Fifth Regional Platform for Low Emission Development Strategies in Latin America and the Caribbean (LEDS LAC) Regional Workshop themed 'Moving Towards a Resilient and Low-Emission Development: Implementing the Paris Agreement'.  

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Event: 13th Meeting of the Board of the Green Climate Fund [viewed]

The 13th meeting of the Board of the Green Climate Fund (GCF) will be held from 28-30 June 2016, in Songdo, Republic of Korea. Constituency meetings, as well as meetings of Board committees, panels and groups will take place on 26 June 2016, and informal consultations by Co-Chairs with Board members, alternate members and active observers will take place on 27 June 2016. In accordance with the GCF Information Disclosure Policy, the meeting will be webcast live. Registration of members of the Board, alternate members, their advisers and accredited observer organizations will be open from 9 May to 13 June 2016.  

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EBRD to Dedicate Next 25 Years to Green Economy Transition [viewed]

European Bank17 May 2016: Reflecting on its goals for the next 25 years, the European Bank for Reconstruction and Development (EBRD) has identified the need to focus on three themes: building the economic resilience of EBRD countries of operation to withstand external shocks; better integrating EBRD countries of operation into regional and the global economy; and helping them combat climate change, food insecurity, and other global challenges.

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May 2016 Climate Finance Update: Calls for Adaptation Funding, Attention to Climate Risk [viewed]

may2016_climate_finance31 May 2016: A number of international meetings that convened in May 2016 included a focus on climate finance. Carbon pricing continued to receive attention, alongside climate change planning and financing in Africa. Calls were also made to pay increased attention to the growing 'adaptation finance gap,' and climate and disaster risks, including in investments. A number of resilience projects received funding, and development banks and climate funds organized readiness workshops.

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Adaptation and Loss and Damage Update: Bonn Talks Focus on Adaptation Planning, Reporting, Implementation, Support [viewed]

who_wmo_ecosoc_fao31 May 2016: The 2030 Agenda for Sustainable Development, with its Sustainable Development Goals (SDGs) and accompanying targets, has made it clear that climate change and sustainable development are inextricably linked. May 2016 news relating to adaptation and loss and damage brought out some of those interlinkages with particular prominence. Not only do events, publications and initiatives reported here contribute to the implementation of SDG 13 (Take urgent action to combat climate change and its impacts) generally, they also help implement a range of other SDGs and related targets.

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First Great Green Wall Global Conference Reaffirms Commitments to Restore Africa's Drylands [viewed]

GGWSSI13 May 2016: The first Global Conference on the Great Green Wall for the Sahara and Sahel Initiative (GGWSSI) issued the 'Dakar Declaration,' which aims to reverse land degradation and improve economic opportunities for populations across the Sahel and Sahara belt. Convened from 5-7 May 2016, in Dakar, Senegal, the Conference sought to build on the momentum generated at a High Level Summit on the GGWSSI held on the sidelines of the Paris Climate Conference, where US$4 billion was pledged to step up implementation of the Initiative over the next five years.

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UNEP's 'Our Planet' Features High-level Reflections on SDG Implementation [viewed]

UNEPMay 2016: A special issue of the UN Environment Programme's (UNEP) 'Our Planet' magazine explores the environmental dimensions of the 2030 Agenda for Sustainable Development, including examples of national implementation and UN agency priority actions. The special issue, titled 'The Environment Dimension of the 2030 Agenda,' was released for the second meeting of the UN Environment Assembly (UNEA-2), which convenes in Nairobi, Kenya, from 23-27 May 2016.

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GFDRR Report Calls for Transformative Approach to Assessing Risk [viewed]

risker_future_gfdrr16 May 2016: The world is unprepared for an increasing rise in disasters, resulting from climate change, rising populations and greater vulnerability of those living in big cities and unregulated housing, according to a report by the Global Facility for Disaster Reduction and Recovery (GFDRR). The report calls for a radical new approach to assessing risk that accounts for rapid changes in global disaster risk.

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