Finance

June 2014 Climate Finance Update [viewed]

ebrd-worldbank-adb-gef-eib-afdb30 June 2014: During the months of May and June, the Global Environment Facility (GEF), the Asian Development Bank (ADB), the African Development Bank (AfDB), the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), the Climate Investment Funds (CIF) and the International Fund for Agricultural Development (IFAD) have reported on various climate finance activities and projects, or published reports or newsletters related to climate finance.

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CIF Expands to 63 Countries [viewed]

CIF28 June 2014: During meetings of the Climate Investment Funds (CIF) Trust Fund Committees and Sub-Committees, decisions were taken inviting 14 developing countries to join the Scaling Up Renewable Energy in Low Income Countries Program (SREP) and an additional country to participate in the Clean Technology Fund (CTF), expanding the total number of CIF countries to 63.

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UN Secretary-General Climate Team Holds Summit 2014 Briefing [viewed]

climate-summit201427 June 2014: Selwin Hart, Director of the UN Secretary General's Climate Change Support Team, briefed Member States on the preparations for the Climate Summit 2014. He outlined the Summit's agenda, as well as the main focus areas for governments, the private sector and civil society organizations.

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UN Secretary-General Stresses Role of Business at China Climate Summit [viewed]

Caring for Climate26 June 2014: The 2014 China Summit on Caring for Climate aimed to serve as a platform for dialogue and action on the role of business in addressing climate change in China. The Summit, organized by the Global Compact Network China, brought together both Chinese and international business leaders to showcase and scale up efforts on climate finance, low-carbon technologies and solutions, and ways in which the private sector can support national climate change policy priorities.

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First UNEA Session Adopts Resolutions and Decisions [viewed]

Outgoing GC-27/GMEF President Hassan Abdel Hilal congratulates incoming UNEA President Oyun Sanjaasuren27 June 2014: The first session of the UN Environment Assembly (UNEA) concluded with delegates from 160 countries adopting a decision and resolutions on, inter alia: strengthening the UN Environment Programme's (UNEP) role in promoting air quality; the science-policy interface (SPI); ecosystem-based adaptation (EbA); implementation of Principle 10 of the Rio Declaration on Environment and Development; illegal trade in wildlife; chemicals and waste; and marine debris and microplastics.

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Global Commission on Economy and Climate Meets to Finalize Report [viewed]

The New Climate Economy27 June 2014: The Global Commission on the Economy and Climate and its Commissioning Countries met to finalize the New Climate Economy (NCE) report, which will be released in September 2014 in advance of the UN Climate Summit. The report will make recommendations on actions and policies that can achieve economic growth while also addressing climate change.

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International Partnership on Mitigation and MRV Discusses INDCs [viewed]

International Partnership for Mitigation27 June 2014: The 14th informal meeting of the International Partnership for Mitigation and MRV provided a forum for an exchange of views on the goal, purpose and process of a consideration or analysis phase for intended nationally determined contributions (INDCs) to the 2015 agreement, as well as to obtain a common understanding of where things stand on the issue.

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UNEP FI, Insurance Companies Launch Risk Management Initiative [viewed]

Principles for Sustainable Insurance27 June 2014: The UN Environment Programme (UNEP) Finance Initiative (FI) and global insurance companies launched an initiative to tackle natural disaster risk by identifying the most effective measures to combat disasters and helping communities implement them.

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Asian Ministerial DRR Conference Adopts Bangkok Declaration [viewed]

AMCDRR-626 June 2014: The Sixth Asian Ministerial Conference on Disaster Risk Reduction (AMCDRR) concluded with the adoption of the 'Bangkok Declaration,' which commends the progress made under the Hyogo Framework for Action (HFA) on capacity building, early warning systems, awareness-raising and understanding risk. Looking forward, the Declaration points to the need for increased attention to local resilience, scaling up public investment and utilizing public-private partnerships.

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Forest Trends Releases 'State of the Voluntary Carbon Markets 2014' [viewed]

Sharing the Stage28 May 2014: Forest Trends' Ecosystem Marketplace has released its 2014 round-up of where voluntary carbon markets stand globally. The report, titled 'Sharing the Stage: State of the Voluntary Carbon Markets 2014,' finds that while US$379 million were invested in carbon offsets in 2013, this total fell short of 2012 levels by 26.7%, or US$144 million. However, according to Forest Trends, many of these tons were still transacted, but under compliance regimes, rather than voluntarily.

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