Finance

February 2016 Climate Finance Update [viewed]

february-climate-finance201629 February 2016: During the month of February, the Asian Development Bank (ADB), the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), the Climate Investment Funds (CIF) and the World Bank, among others, reported on new funding and other climate finance news in the areas of, inter alia, climate and disaster risk reduction (DRR), smart cities, green bonds, and technology transfer and development. The Partnership for Market Readiness (PMR), EIB, the Green Climate Fund (GCF) and the Adaptation Fund released publications.

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CCAFS Details Latest Knowledge on Agriculture and Adaptation [viewed]

CGIAR CCAFS23 February 2016: The CGIAR Research Program on Climate Change, Agriculture and Food Security (CCAFS) has published two working papers and two associated information notes synthesizing the latest knowledge on agriculture and adaptation. The papers and notes are designed to help countries to prepare submissions to the 44th session of the UNFCCC Subsidiary Body on Scientific and Technological Advice (SBSTA), and will be discussed during in-session workshops on agriculture.

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Event: G20 Green Finance Study Group Meeting #2 [viewed]

The second meeting of the Green Finance Study Group (GFSG) under the Group of 20 (G20) Chinese Presidency will take place on 22 March in London, UK. In 2016, the GFSG will work on identifying institutional and market barriers to green finance, and options for enhancing the ability of the financial system to mobilize private green investment. The GFSG will prepare a synthesis report on related findings for the third G20 finance ministers and central bank governors meeting in 2016, scheduled to take place from 23-24 July 2016, in Chendgu, China. The G20 is an international forum for the governments and central bank governors from 20 major economies. It includes the European Union (EU), which is represented by the European Commission and the European Central Bank, and 19 countries: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, the Russian Federation, Saudi Arabia, South Africa, South Korea, Turkey, the UK and the US.  

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Changes in UN High-Level Leadership Announced [viewed]

United Nations19 February 2016: Several high-level leadership positions related to intergovernmental sustainable development policy will be filled in the coming months. Within the UN Framework Convention on Climate Change (UNFCCC) process, there will be changes in the following positions: UNFCCC Executive Secretary; President of the 21st session of the Conference of the Parties (COP 21) to the UNFCCC; and the Executive Director of the Green Climate Fund (GCF). In addition, the selection processes for the next Executive Director of the UN Environment Programme (UNEP) and the next UN Secretary-General are underway.

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UNGA President Calls for Investment, Action on Multilateral Commitments [viewed]

UNGA 2nd Committee - Economic and Financial16 February 2016: Multilateralism has "reasserted itself" in relation to sustainable development, but failed in the area of peace and security, said UN General Assembly (UNGA) President Mogens Lykketoft, in addresses to the European Parliament and the European Council. Lykketoft reflected on issues of focus for the 70th session of the UNGA, including the 2030 Agenda for Sustainable Development, the Paris Agreement on climate change, the selection of the next UN Secretary-General, and the refugee crisis.

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China's G20 Presidency Holds Green Finance, Energy Sustainability Meetings [viewed]

di_logo28 January 2016: The Green Finance Study Group (GFSG) and the Energy Sustainability Working Group were among the first meetings held under China's presidency of the Group of 20 (G20). The meetings took place in January 2016, and focused on the agenda for the year ahead, with the GFSG agreeing to prepare a synthesis report on the role of the financial system in mobilizing private green investment, in advance of the G20 finance ministers and central bank governors meeting in July 2016.

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Civil Society Highlights Areas for Action on SDGs, Climate Change [viewed]

Sustainable Development Goals (SDGs)February 2016: Commenting on the development of indicators for the Sustainable Development Goals (SDGs), civil society organizations (CSOs) have raised concerns about the process, neutrality of statistics, and socially stratified data collection. A coalition of European NGOs urges the European Commission (EC) to maintain a high level of ambition on the 2030 Agenda for Sustainable Development, the Sustainable Development Solutions Network (SDSN) invites comments on its 'SDG Index,' and others address climate change, the UN Environment Programme (UNEP) Financial Inquiry into the Design of a Sustainable Financial System, and the role of the private sector.

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Policy Update #27: Emissions from International Transport (AKA the Elephant in the Climate Change Policy Room) [viewed]

Global aviation and maritime shipping combined produce about 5% of global carbon dioxide (CO2) emissions. This is a sizeable share of global emissions: if these sectors were a country, they would be the seventh largest emitter. Furthermore, both sectors are among the fastest growing sources of emissions at the global level. Their share is projected to rise between 10-32% by 2050. Business as usual in the shipping and aviation industry alone would make unreachable the long-term global goal adopted by Parties to the UNFCCC at their 21st session (COP 21), namely to hold “the increase in the global average temperature to well below 2°C above pre-industrial levels,” let alone the 1.5°C target.

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EU Climate Diplomacy to Focus on Implementation of Paris Agreement [viewed]

ec15 February 2016: EU Foreign Affairs Ministers have adopted conclusions on European climate diplomacy, emphasizing three strands of action for 2016 related to: prioritizing climate change advocacy in diplomatic relations; implementing the Paris Agreement and intended nationally determined contributions (INDCs); and addressing the nexus among climate change, natural resources, prosperity, stability and migration.

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Post Davos Talks Highlight Urgency of Climate Change, Conflict and Migration [viewed]

unga_pwc_wef15 February 2016: Participants at the Post Davos Nordic Summit highlighted the role of the private sector and civil society in addressing sustainable development and geopolitical crises. They also discussed implementation of the Sustainable Development Goals (SDGs) and the Paris Agreement on climate change, and noted the importance of progress on sustainable development and climate change to achieve peace and security.

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