Finance

Guest Article #123: The Challenge of Africa's Transformation: Issues of Food Security and Climate Change [viewed]

Two years ago, to mark the 10-year anniversary of the adoption of the Comprehensive Africa Agriculture Development Programme (CAADP), a very important milestone for agriculture and food security on the continent, the African Union (AU) declared 2014 the year of agriculture. Today, African economies continue to grow at an average rate of 5.3%. Despite this growth, the current wealth generated has not spread to the poor majority whose livelihoods depend mainly on climate-sensitive sectors such as agriculture and fishing.

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OECD, EIB, CPI Discuss Improving Climate Finance Tracking in 2015 [viewed]

cpi-oecd-eib10 December 2014: The Organisation for Economic Co-operation and Development (OECD), the European Investment Bank (EIB) and the Climate Policy Initiative (CPI) jointly organized an informal meeting on climate finance tracking on the sidelines of the Lima Climate Change Conference. The meeting reflected on lessons learned from collaboration over the course of 2014, the challenges identified and important topics for discussion among practitioners in 2015.

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OECD Examines Climate Finance Tracking [viewed]

OECD_NEW4 December 2014: The Development Assistance Committee (DAC) of the Organisation for Economic Co-operation and Development (OECD) hosted a side event during the Lima Climate Change Conference on 'Tracking Public and Private Climate Finance: Towards Improved Data and Increased Transparency.' The event considered the implications of recent achievements in data and tracking for the UNFCCC and how these methodological developments might contribute to a 2015 climate agreement.

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December 2014 Climate Finance Update [viewed]

Climate Finance Update19 December 2014: During December 2014, finance for climate change mitigation and adaptation projects was announced by the Asian Development Bank (ADB), the African Development Bank (AfDB), the Global Environment Facility (GEF), the Inter-American Development Bank (IDB) and the World Bank. Germany, Norway and the UK also reported on funding for projects to be undertaken in Africa, Asia and Latin America. The Caribbean Catastrophe Risk Insurance Facility (CCRIF), the Climate Investment Funds (CIF), the GEF and IDB released climate-related publications.

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EEA: Focus Energy Policies to Spur Innovation [viewed]

EEA15 December 2014: The European Environment Agency (EEA) has released a report compiling the 582 energy support measures of member States that were in place in 2012 and their probable effects on energy innovation. The report, titled 'Energy Support Measures and Their Impact on Innovation in the Renewable Energy Sector in Europe,' finds that 41% of these measures are associated with renewable energy, while 53% are associated with fossil fuels. The findings of the report suggest support policies could be better focused to drive innovation in renewables.

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ESCAP, Thailand Commemorate 2004 Indian Ocean Tsunami [viewed]

UNESCAP15 December 2014: During an event that convened ten years after one of the deadliest natural disasters the world has ever seen, panelists took stock of progress made in building greater resilience to disasters in the Asia-Pacific region, and identified remaining gaps and regional priorities going forward. The event highlighted that, while much has been done to fill the gaps in risk reduction, disaster preparedness and early warning systems ten years on from the Indian Ocean Tsunami, which hit on 26 December 2004, much remains to be done, particularly at the local level.

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UNEP FI Report Reviews How Public Interventions Can Unlock Private Climate Finance [viewed]

Unepfin5 December 2014: The UN Environment Programme's (UNEP) Finance Initiative has published a report, titled ‘Demystifying Private Climate Finance,' which discusses the concept of private finance, how it links with climate change mitigation and adaptation, and how public actors can mobilize it. The report aims to increase policymakers' understanding of private finance and introduce an approach that climate policy makers can follow when designing public interventions for unlocking private climate finance.

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SE4ALL, Partners Ready for Energy SDG [viewed]

SE4ALLDecember 2014: The Sustainable Energy for All (SE4ALL) initiative and its “global force of partners from all regions and sectors” are poised to implement a global goal on energy under the Post-2015 development agenda, according to Kandeh Yumkella, SE4ALL CEO and Special Representative of the UN Secretary-General.

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Event: CODATU XVI Conference [viewed]

This meeting will focus on ‘Energy, Climate and Air Quality Challenges: The Role of Urban Transport Policies in Developing Countries and Emerging Economies'. The conference will include plenary sessions on, inter alia; mitigation actions taken by cities; urban transport and climate change; financing for and optimizing benefits from low-carbon transport; and commitments and initiatives on the way to COP 21 of the UNFCCC in Paris, France. The conference is being organized by Cooperation for Urban Mobility in the Developing World (CODATU). Participants will also learn about, through field visits, Istanbul's public transport system, the Istanbul metro and a bike sharing programme.  

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UNSG Says “Stars Are Aligned” for Historic Action in 2015 [viewed]

bankimoon-warsaw17 December 2014: “The stars are aligned” for the international community to take historic action on climate, sustainable development and financing in 2015, said UN Secretary-General Ban Ki-moon as he reviewed the challenges and achievements of 2014. He called the Lima session of the Conference of Parties (COP 20) to the UN Framework Convention on Climate Change (UNFCCC) the “most encouraging” climate negotiations so far, and urged a high level of ambition in forging a new global agenda for development and securing a climate change agreement in 2015.

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