Regional Development Bank

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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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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Sustainable Energy Finance Update: Public Finance Leverages Private Flows to Renewables [viewed]

energy_finance1 May 2016: Universal access to affordable, reliable, sustainable and modern energy, the

seventh of the Sustainable Development Goals (SDGs) agreed last year, starts with access to finance. Looking at the sustainable energy finance news coming out of April, a number of initiatives went beyond simply funding projects. They also built the capacity of developing country governments and companies to develop energy efficiency, energy access and renewables projects that will qualify for finance. Similarly, many of the finance flows were intended to make projects more attractive to private sector investments, compounding the impact of public funds.

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April 2016 Climate Finance Update: Key Meetings Mobilize Action, Adaptation Put under the Spotlight [viewed]

climate_finance_april_20161 May 2016: In the Paris Agreement, agreed upon by 195 UN Member States in December 2015, countries agreed to make “finance flows consistent with a pathway towards low greenhouse gas (GHG) emissions and climate-resilient development.” Developing countries will receive financial resources for both mitigation and adaptation actions, while developed countries are expected to continue to lead in mobilizing climate finance from a variety of sources, with public funds playing a significant role in reaching the previously agreed US$100 billion annual target by 2020. Monthly IIDS RS Climate Finance Updates aim to help track multilateral financing to support the finance goal agreed under the UNFCCC, which will in turn contribute to the implementation of Sustainable Development Goal (SDG) 13 (Take urgent action to combat climate change and its impacts).

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March 2016 Climate Finance Update: Fund Boards Meet, Carbon Markets Under the Spotlight [viewed]

march2016_climate_finance7 April 2016: In the Paris Agreement, agreed upon by 195 UN Member States in December 2015, countries agreed to make “finance flows consistent with a pathway towards low greenhouse gas (GHG) emissions and climate-resilient development.” Developing countries will receive financial resources for both mitigation and adaptation actions, while developed countries are expected to continue to lead in mobilizing climate finance from a variety of sources, with public funds playing a significant role in reaching the previously agreed US$100 billion annual target by 2020. Monthly IIDS RS Climate Finance Updates aim to help track multilateral financing to support the finance goal agreed under the UNFCCC, which will in turn contribute to the implementation of Sustainable Development Goal (SDG) 13 (Take urgent action to combat climate change and its impacts).

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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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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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