Regional Development Bank

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.

read more »

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.

read more »

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).  

read more »

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.

read more »

Multilateral Initiatives Advance Renewable Energy, Efficiency in the Caribbean, Asia [viewed]

cbd_ifc_irena_iea_unido28 July 2016: A number of capacity-building projects, including workshops and a new center in Asia, have been announced and are geared toward helping developing countries adopt and standardize energy efficiency measures and expand the reach of renewable energy. Recently published reports also have the potential to serve as resources for several countries as they move toward a cleaner energy future. These initiatives, as emphasized by their sponsors, are important for achieving the climate objectives in the Paris Agreement and the Sustainable Development Goal 7 (SDG) related to clean energy and energy access.

read more »

July 2016 Climate Finance Update: Meetings Call for Access, Mobilization, Scaling Up [viewed]

july2016_finance1 August 2016: During the month of July, a number of high-level meetings highlighted the need for enhanced focus on climate finance. Resilience and disaster recovery projects in Asia and Africa received new financing. Climate funds launched calls for readiness and private sector support projects, and a number of entities reported on lessons learned from climate finance in agriculture, forests, gender mainstreaming and regional resilience investment planning.

read more »

Energy Initiatives Reduce Emissions, Increase Access to Modern, Efficient Technology [viewed]

Energy Initiatives Reduce Emissions20 July 2016: Announcements from various intergovernmental organizations over recent weeks hold promise for reducing emissions from the energy sector and increasing participation in the energy economy. Whether toolkits guiding decision makers on energy-related issues or technological analysis, the initiatives described below contribute to the implementation of both the Paris Agreement and Sustainable Development Goals (SDGs) 7 (Ensure access to affordable, reliable, sustainable and modern energy for all) and 13 (Take urgent action to combat climate change and its impacts).

read more »

Terrestrial Ecosystems Finance Update: GEF Council Approves Work Program and Projects, Forest Finance in Focus [viewed]

terrestial_ecosystem_finance19 July 2016: Over recent months, the Global Environment Facility (GEF) Council and the governing bodies of the Climate Investment Funds (CIFs) met, adopting forest-related initiatives, including some of relevance to reducing emissions from deforestation and forest degradation in developing countries (REDD+). This Update covers these and other meetings related to the financing of activities on terrestrial ecosystems, as well as recent projects and publications in this area.

read more »

Adaptation and Loss and Damage Update: NAP Expo 2016 Underway, DRM Activities Enhance Urban Resilience [viewed]

adaptation_lost_damage11 July 2016: News in recent weeks related to climate change adaptation, disaster risk management (DRM) and disaster risk reduction (DRR) brought the issue of urban resilience to the forefront. NAP Expo 2016 and the Second Global Conference on Health and Climate contributed to the implementation of the Paris Agreement by giving renewed impetus to efforts to formulate and implement national adaptation plans (NAPs), and build healthier societies.

read more »

Event: Asia Pacific Carbon Forum 2016 [viewed]

The Asia Pacific Carbon Forum 2016 will focus on two workstreams: emissions markets and carbon pricing, and climate finance and investment. It will address such themes as: carbon markets for climate change mitigation, particularly regarding how co-benefits from climate action can build resilience; finance and climate-friendly policies delivering on sustainable development, as part of countries' Nationally Determined Contributions (NDCs) under the Paris Agreement; how to align existing and new carbon markets and mechanisms in the region with the Paris Agreement; NDC implementation through market and non-market based approaches; and acceleration of climate action on the ground. The Forum, which is the region's leading annual event for climate finance, carbon markets and low carbon technologies, will bring together representatives of business, finance and government and is being held as part of Global Green Growth Week 2016. It is being jointly organized by the Asian Development Bank (ADB), the International Emissions Trading Association (IETA), the UN Framework Convention on Climate Change (UNFCCC) and the Institute for Global Environmental Strategies (IGES), in collaboration with the Global Green Growth Institute (GGGI).  

read more »