Regional Development Bank

June 2016 Climate Finance Update: Funds Meet, Non-state Actor Engagement Accelerates [viewed]

june20165 July 2016: This issue of the Climate Finance Update features recent global and regional news on climate finance activities by a variety of intergovernmental actors. Several climate funds met in June to make decisions on strategy and funding. A number of disaster recovery and resilience projects received funding in Asia and Africa. The World Bank highlighted developments in carbon pricing, and some concrete measures were taken to increase the engagement of non-state actors in climate financing.

read more »

Transparency and Compliance Update: Developed Countries' Reviews Released, GEF Approves Trust Fund for CBIT [viewed]

Transparency and Compliance Update1 July 2016: In the last month, the UNFCCC Secretariat has released updates regarding national reporting from Parties on their climate change action, including status reports on greenhouse gas (GHG) inventories, reports of the technical review of Biennial Report (BR) submissions, and the summary report on the technical analysis of Andorra's first Biennial Update Report (BUR). Also in June, the Enforcement Branch took up questions of implementation with respect to Ukraine under the Kyoto Protocol, and the Global Environment Facility (GEF) approved a financial initiative and trust fund for the Paris Agreement's Capacity Building Initiative for Transparency (CBIT).

read more »

Sustainable Energy Finance Update: World Bank and India Team Up on Solar, US$1 Billion Pledged for Sustainable Energy in Pacific [viewed]

sustainable_energy_finance1 July 2016: The New Energy Outlook 2016, a long-term forecast published in June by Bloomberg New Energy Finance (BNEF), predicts that coal and gas prices will remain lower than expected. However, with wind and solar costs anticipated to dip relatively lower, the Outlook assures that a fundamental transformation toward renewables is still in the works, with US$7.8 trillion in clean energy investments projected from 2016-2040.

read more »

Guest Article #142: Collaborative Effort of European Financing Institutions to Help Improve Implementation of Climate Change Adaptation [viewed]

When the Paris Agreement on climate change was adopted in December 2015, it included a long-term goal for the adaptation to climate change – “enhancing adaptive capacity, strengthening resilience and reducing vulnerability to climate change, with a view to contributing to sustainable development […]”. It recognised the direct link of climate change adaptation to sustainable development and further highlighted its importance. This added momentum to an increasing need for practical approaches for climate change adaptation, which can range from making transport infrastructure more resilient to storms and floods, to helping small businesses adapt to increasing water scarcity.

read more »

Mitigation Update: Work Continues on Aviation, Black Carbon Emissions, Regions Cooperate on Clean Energy [viewed]

icao_arctic_adb_afdb13 June 2016: According to a policy paper from the Grantham Research Institute on Climate Change and the Environment, “carbon-intensive companies are not ready for the impact of the Paris Agreement's commitments.” The authors, economists Nicholas Stern and Dimitri Zenghelis, submitted the paper to the Task Force on Climate-Related Financial Disclosures, arguing that the Financial Stability Board (FSB) should create robust reporting guidance on climate risks.

read more »

Mitigation Update: Climate Conference Focuses on Accelerated Action, Markets and Transport Solutions Advanced [viewed]

unfccc_iea_ccafs_nama_wb6 June 2016: Addressing the Group of Seven (G7), UNFCCC Executive Secretary Christiana Figueres stated on 23 May, “Today, the challenge is to translate intent into action…that does justice to the extraordinary ambition enshrined in the Paris Agreement….” Figueres attended her final intersessional meeting of the UNFCCC subsidiary bodies from 16-26 May in Bonn, Germany, where an overarching theme of 'Accelerating Implementation of the Paris Agreement' pervaded many of the special events and negotiations.

read more »

Energy Outlook: Clean Energy Investments, RE Employment Increasing, Cities Unlock Mitigation Potential [viewed]

unfccc_wb_irena_iea2 June 2016: Energy-related news of the past few weeks reported here indicate that regional development banks' investments in clean energy are increasing. Other recent developments show that: renewables are currently firmly established as competitive, mainstream sources of energy; energy efficiency (EE) action in urban environments helps cities transition to sustainable energy systems; and employment in renewable energy (RE) is on the rise. Events, initiatives and publications described in this update contribute to the implementation of the Sustainable Development Goals (SDGs) of the 2030 Agenda for Sustainable Development, particularly SDGs 7 (Ensure access to affordable, reliable, sustainable and modern energy for all), 13 (Take urgent action to combat climate change and its impacts) and 1 (End poverty in all its forms everywhere).

read more »

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.

read more »

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'.  

read more »

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.

read more »