Finance

UNCCD, Partners Explore Land-Based Solutions to Counter Rural Exodus in West Africa [viewed]

global-mechanism-iom22 June 2016: A joint project by the Global Mechanism (GM) of the UN Convention to Combat Desertification (UNCCD) and the International Organization for Migration (IOM) is exploring ways to stem the rural-urban exodus in West Africa by developing sustainable alternatives for seasonal migration. Such migration was traditionally used as a coping mechanism in times of poor harvests or extreme drought, but is increasingly being replaced by more permanent relocation due to the cumulative impact of drought, land degradation and climate change on local livelihoods.

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UN Global Compact Summit Calls for Business Leadership on SDGs [viewed]

Globalcompact23 June 2016: Participants at the UN Global Compact's 2016 Leaders Summit discussed how to reach a new era of sustainability with responsible business practices, innovation, targeted investment and transformative partnerships. The Compact presented its priorities for the next five years, which include impact reporting and partnerships between the UN and business.

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Event: 2016 Business and Climate Summit [viewed]

This Summit will bring together leaders from business, government and finance to develop a roadmap for how business, in the short, medium and long term, can take advantage of a swift transition to the net zero carbon economy. Day one will focus on implementing the Paris Agreement, and sessions will address, inter alia: what the Paris Agreement means for business; how business can bend the curve below 2°C above pre-industrial levels; the energy transition and achieving Sustainable Development Goal 7 (SDG 7) (ensure access to affordable, reliable, sustainable and clean energy) and climate goals; the role of business in achieving climate-positive land use in agriculture and forestry; decarbonizing transport; doubling global real estate in a 2°C world; and accelerating the business transition to the circular economy. Day 2 will focus in finance, innovation and policy for the low carbon transition, and include session on, inter alia: financing the low carbon economy; risk disclosure; achieving climate goals with the right carbon pricing mechanisms; innovation, collaboration and leadership for business in a post-Paris world; the role and responsibility of creative industries on climate action; and climate and trade. The Summit is being convened by The Climate Group and We Mean Business, and supported by, among others, the World Business Council for Sustainable Development (WBCSD) and the UN Global Compact.  

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CIF Discuss Future Strategy, Share Experiences in Forest Management [viewed]

CIF20 June 2016: The governing bodies of the Climate Investment Funds (CIF) met to make decisions on the Funds' future strategy. The meetings attracted the participation of over 150 experts from approximately 50 developing and donor countries, as well as international organizations and civil society. Following the official opening of the governing body meetings, on 12 June, the joint Clean Technology Fund (CTF) and Strategic Climate Fund (SCF) Trust Fund Committees met on 15 June. This meeting was followed by the CTF Trust Fund Committee Meeting on 16 June.

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Oslo REDD Exchange Discusses Implementation, Cross-Cutting Themes [viewed]

NORAD16 June 2016: The Oslo REDD Exchange 2016 shared ideas, experiences and perspectives among professionals and leaders working on reducing deforestation and forest degradation in developing countries (REDD+). Discussions focused on REDD+ implementation at national and subnational levels in light of the Paris Agreement, and cross-cutting themes, including on financing options, corporate supply chain commitments, indigenous peoples and monitoring technologies.

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April-June 2016 NAMA Update: Linkages Among NAMAs, NDCs and Finance Explored for Enhanced Implementation and Support [viewed]

April 2016 NAMA Update20 June 2016: This periodic update focuses on individual nationally appropriate mitigation actions (NAMAs) by developing countries, and related support, events and activities, for the period from mid-April 2016 to mid-June 2016. During this period, a number of workshops were organized on capacity building for NAMA design and implementation. The linkages among NAMAs, nationally determined contributions (NDCs) and finance also received attention.

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Capacity Building and Technology Update: SB 44 Outcomes Focus on Implementation of Paris Agreement, GEF Establishes CBIT Trust Fund [viewed]

UNFCCC - GEF - UNITAR18 June 2016: The 44th sessions of the UNFCCC Subsidiary Body for Implementation (SBI 44) and Subsidiary Body for Scientific and Technological Advice (SBSTA 44) and the first session of the Ad Hoc Working Group on the Paris Agreement (APA 1) were held in Bonn, Germany, from 16-26 May 2016. The sessions presented the first opportunity for Parties to consider Paris mandates on capacity building and technology development and transfer, including the terms of reference (ToR) for the Paris Committee on Capacity-building, the Paris Agreement's technology framework, and the scope and modalities for the periodic assessment of the Technology Mechanism in the context of how it serves the Paris Agreement.

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SE4All Advisory Board Endorses 'Going Further, Faster' Strategy [viewed]

SE4ALL16 June 2016: The 2030 goals of the UN's Sustainable Energy for All (SE4All) initiative are to ensure universal access to modern energy services, double the global rate of improvement in energy efficiency, and double the share of renewable energy in the global energy mix. In order to achieve these goals, the SE4All Advisory Board has endorsed the Strategic Framework for Results 2016-2021: 'Going Further, Faster.'

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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.

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GEF Council Marks 25th Anniversary, Approves Work Program for US$398.68 Million, CBIT Trust Fund [viewed]

gef509 June 2016: The 50th meeting of the Global Environment Facility (GEF) Council, which marked the occasion of the 25th anniversary of the GEF, approved a Work Program comprising 38 project concepts and four programmatic frameworks, with total resources amounting to US$398.68 million. In addition, the GEF Council established a new trust fund for the Capacity-building Initiative for Transparency (CBIT), which was created in response to a request by the UNFCCC Conference of the Parties, as reflected in the decision adopting the Paris Agreement on climate change.

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