Finance

Norden, IISD Highlight Mitigation Potential of Fossil Fuel Subsidy Reform [viewed]

logos_nordic_iisd_gsi10 February 2015: Low oil prices offer an opportunity for countries to remove consumer fossil-fuel subsidies, argues a report by the Nordic Council of Ministers and the Global Subsidies Initiative (GSI) of the International Institute for Sustainable Development (IISD). GSI has also launched a free model for estimating the impact of fossil-fuel subsidy reform (FFSR) on countries' greenhouse gas (GHG) emission reductions.

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Report Highlights Actions to Limit Disaster Risk in ACP Countries [viewed]

logo-acpc-small12 February 2015: The Secretariat of the African, Caribbean and Pacific (ACP) Group of States has published a study that provides a comprehensive view of the risks faced across its member countries and efforts to reduce them. The ‘ACP Compendium of Risk Knowledge,' reveals that disaster risk in ACP countries is higher than in other regions, with 12 countries from Sub-Saharan Africa and one from the Caribbean among the 20 most-at-risk in the world.

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UNFCCC Parties Agree on Negotiating Text for 2015 Agreement [viewed]

adp2_813 February 2015: At the eighth part of the second session of the Ad Hoc Working Group on the Durban Platform for Enhanced Action (ADP 2-8), delegates agreed on a text that will serve as the basis for negotiating a new climate change agreement. This new agreement is anticipated to be adopted at the Paris Climate Change Conference in December 2015.

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Business Coalition Calls for Net-Zero Emissions Well Before 2100 [viewed]

business_coalition9 February 2015: We Mean Business, a coalition of organizations working with businesses and investors to accelerate the global transition to a low-carbon economy, issued a call to the Geneva Climate Change Conference. Describing bold climate action as an historic economic opportunity, the coalition calls on governments to include in the negotiating text of the 2015 agreement a commitment to net-zero emissions by the end of the century.

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UK Allocates £40 Million to BioCarbon Fund [viewed]

Worldbanklogo27 January 2015: The Government of the United Kingdom of Great Britain and Northern Ireland (UK) announced a contribution of £40 million to the World Bank administered BioCarbon Fund (BCF). The funding will support the BCF Initiative on Sustainable Forest Landscapes (ISFL) in order to reduce greenhouse gas (GHG) emissions from land use, deforestation and forest degradation.

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Event: ADP 4 [viewed]

As agreed in Geneva in February 2015, the Ad Hoc Working Group on the Durban Platform for Enhanced Action (ADP) will hold its fourth session in Bonn, Germany.  

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Event: ADP 3 [viewed]

As agreed in Geneva in February 2015, the third session of the Ad Hoc Working Group on the Durban Platform for Enhanced Action (ADP) will take place in Bonn, Germany.  

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Climate Agreement, Post-2015 Development Need Each Other, Say Experts and Officials [viewed]

unsdsn10 February 2015: Experts and high-level officials discussed specific ways to build mutually reinforcing processes on climate change and the post-2015 development agenda, on the sidelines of the UN General Assembly's high-level debate on means of implementation.

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G20 Finance Ministers Express Support for FfD, Tackling Tax Avoidance [viewed]

g20-turkey10 February 2015: Group of 20 (G20) finance ministers and central bank governors released a Communiqué from their first meeting under Turkey's presidency. The Communiqué expresses their full support to the G20-Organization for Economic Co-operation and Development (OECD) Base Erosion and Profit Shifting Project (BEPS), which aims to modernize international tax rules and tackle cross-border tax avoidance, and to the achievement of a successful outcome of the Third International Conference on Financing for Development (FfD3) “towards the implementation of the post-2015 development agenda.”

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High-Level Event Explores Means of Implementation Priorities for FfD3, Post-2015 Processes [viewed]

69th Session of the UNGA10 February 2015: The President of the UN General Assembly (UNGA), Sam Kutesa, convened a high-level thematic debate to discuss key elements of a renewed global partnership for sustainable development, as well as infrastructure development, and the role of parliaments, cities and local authorities in the implementation of the post-2015 development agenda. A President's Summary of the meeting, to be released by 18 February 2015, will serve as input for both the intergovernmental negotiations on the post-2015 development agenda and the Third International Conference on Financing for Development (FfD3).

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