Finance

European Commission Quantifies Cost of Climate Impacts [viewed]

European Union 25 June 2014: Climate change-related damage could cost the EU €190 billion or more unless further climate action is taken, according to a study by the European Commission's Joint Research Centre (JRC). The study seeks to quantify the biophysical impacts of climate change on household welfare and economic activity by examining climate impacts on ten sectors in five EU regions through a broad set of climate model simulations.

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ADB Workshop Focuses on Transport, Energy NAMAs in Central Asia [viewed]

ADB18 June 2014: Forty policy makers from Azerbaijan, Kazakhstan and Uzbekistan participated in the regional workshop on 'NAMA Readiness and Investment Training for Mitigation Activities in the Energy and Transport Sectors.' Participants learned about the design, implementation and monitoring of Nationally Appropriate Mitigation Actions (NAMAs), shared regional NAMA experience and progress, and discussed the financing of NAMA components.

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BRICS Launch Development Bank [viewed]

vi-brics-summit16 July 2014: The Sixth BRICS Summit resulted in the establishment of the New Development Bank, which is to finance infrastructure and sustainable development projects in BRICS and other emerging and developing economies. The Summit also launched a BRICS Contingent Reserve Arrangement (CRA), and issued a declaration outlining the five countries' common position on a number of global issues, including climate change and sustainable energy.

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EEA Highlights Employment, Innovation Benefits of a Green Economy [viewed]

EEA15 July 2014: The European Environment Agency (EEA) has released a report, titled 'Resource-efficient green economy and EU policies,' which describes a range of policies with environmental and economic benefits that can help Europe create jobs and encourage innovation.

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UNEP Releases 2014 Year Book on Emerging Environmental Issues [viewed]

UNEPJuly 2014: UNEP has made available an e-book edition of its year book, titled ‘UNEP Year Book 2014: Emerging Issues in Our Global Environment,' which illustrates, across ten chapters, the emergence of current environmental challenges and explores innovative solutions to address them.

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UN Secretary-General Appoints Special Envoy on Climate Change [viewed]

mary-robinson14 July 2014: UN Secretary-General Ban Ki-moon has appointed Mary Robinson, former President of Ireland and former UN High Commissioner for Human Rights, as his Special Envoy for Climate Change. Robinson was brought on to engage Heads of State and Government, help mobilize political will and action, and raise ambition in advance of the 2014 Climate Summit.

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Workshop Addresses HFC Management [viewed]

UNEP OZONE13 July 2014: The Workshop on Hydrofluorocarbon (HFC) Management provided an opportunity for focused and in-depth discussions on key issues related to HFC management. Sessions addressed four topics, namely: technical aspects; legal aspects; finance and technology transfer; and policies and measures. The workshop was convened in response to discussions held at the twenty-fifth Meeting of the Parties (MOP 25) to the Montreal Protocol on Substances that Deplete the Ozone Layer (Montreal Protocol).

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FCPF Welcomes Belize, Sudan and Uruguay [viewed]

Forest Carbon10 July 22014: The seventeenth meeting of the Forest Carbon Partnership Facility (FCPF) Participants Committee accepted Belize, Sudan and Uruguay into the Partnership. The Partnership now includes 47 countries.

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UN-REDD Policy Board Approves US$35 Million in Funding [viewed]

UN-REDD Programme9 July 2014: The twelfth meeting of the Policy Board of the UN Collaborative Programme on Reducing Emissions from Deforestation (UN-REDD) approved more than US$35 million in funding for REDD+ readiness. The funding included allocations for National Programmes in Argentina, Cote d'Ivoire and Mongolia.

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Event: Sixth BRICS Summit [viewed]

The sixth Summit of the BRICS, which comprises Brazil, Russia, India, China and South Africa, will convene in Fortaleza and Brasília, Brazil, from 15-16 July, under the theme 'Inclusive Growth, Sustainable Solutions'. The Summit will discuss the establishment of the BRICS Development Bank, aimed at financing infrastructure and sustainable development projects, and the Contingent Reserve Arrangement for assisting countries of the bloc. Discussions will also be held on social inclusion and development. The Summit is expected to result in the signing of two primary financial agreements, an action plan for common social indicators methodologies, and the Fortaleza Declaration containing views of the group on matters on the international agenda and of cooperation within the BRICS. Preceding the Summit, meetings of the BRICS finance ministers, central bank governors and ministers of trade, the BRICS Business Forum and Business Council, and the BRICS Financal Forum will be held on 14 July in Fortaleza.  

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