Finance

Donors Pledge US$248 Million to LDC Fund [viewed]

Global Environment Facility (GEF)30 November 2015: At the opening of the Paris Climate Change Conference, eleven donor countries made pledges totaling US$248 million to the Least Developed Countries Fund (LDCF) of the Global Environment Facility (GEF) to continue financing actions to reduce vulnerability in Least Developed Countries (LDCs) and enable climate-resilient sustainable development and livelihoods.

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UNFCCC Report Identifies Ways to Realize Mitigation Potential [viewed]

UNFCCC30 November 2015: The UNFCCC has published a report outlining policies, initiatives and actions that could be scaled up and replicated by countries to realize significant mitigation potential in the pre-2020 period. Together, the report, titled ‘Climate Action Now: Summary for Policymakers 2015,' and a dedicated website, Climate Action 2020, aim to highlight the potential for greater climate action and ambition before 2020.

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MDBs Issue Joint Statement on Increasing Climate Investments [viewed]

mdb30 November 2015: The heads of the multilateral development banks (MDBs) released a joint statement to work together to increase climate investments and to “consider climate change across our strategies, programs, and operations to deliver more sustainable results, with a particular focus on the poor and most vulnerable.” The MDBs released their statement on the sidelines of the 21st session of the Conference of the Parties (COP 21) to the UNFCCC.

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Fossil-Fuel Subsidy Reform Communiqué Presented to UNFCCC [viewed]

UNFCCC30 November 2015: At the opening of the 21st session of the Conference of the Parties (COP 21) to the UNFCCC, New Zealand's Prime Minster John Key presented the Fossil-Fuel Subsidy Reform Communiqué to UNFCCC Executive Secretary Christina Figueres. The Communiqué, which calls on the international community to increase efforts to phase out subsidies for fossil fuel production and use, was endorsed by 40 governments and more than 100 businesses and international organizations.

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Transformative Carbon Asset Facility to Provide Financial Incentives to Tackle Climate Change [viewed]

world_bank_new30 November 2015: Germany, Norway, Sweden and Switzerland announced a US$500 million initiative to help developing countries tackle climate change by transitioning to carbon-pricing mechanisms. The Transformative Carbon Asset Facility (TCAF) will help developing countries implement plans to cut greenhouse gas (GHG) emissions by providing them with results-based payments for large scale programs in areas such as renewable energy, energy efficiency, low carbon cities and solid waste management.

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CDM Approves First Methodology for Aviation Sector [viewed]

UNFCCC27 November 2015: The Executive Board of the Clean Development Mechanism (CDM) has approved its first methodology aimed at incentivizing emission reductions in the aviation sector. The methodology, titled 'AM0116: Electric taxiing systems for airplanes,' was developed jointly by the Secretariat of the UN Framework Convention on Climate Change (UNFCCC) and the International Civil Aviation Organization (ICAO), and entails installing electric motors to the landing gear of aircraft to reduce emissions as airplanes maneuver around runways.

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REDD+ Academy Launches E-Course and Learning Journals [viewed]

unredd25 November 2015: The UN-REDD Programme has announced the launch of the first online version of its Academy courses and accompanying Learning Journals on Reducing Emissions from Deforestation and Forest Degradation in Developing Countries (REDD+).

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CCAFS Analyzes Role of Agriculture in INDCs [viewed]

CGIAR23 November 2015: The Climate Change, Agriculture and Food Security (CCAFS) Research Program of the CGIAR Consortium has released an information note on the role of agriculture in the intended nationally-determined contributions (INDCs) submitted by Parties ahead of the 21st session of the Conference of the Parties (COP 21) to the UNFCCC. The authors show that the majority of Parties prioritize mitigation and adaptation in agriculture resulting in high demand for technical assistance and finance for the agricultural sector.

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APEC Ministers Commit to Implementing UN Goals, Address Energy Intensity [viewed]

apec19 November 2015: Ministers from the Asia-Pacific Economic Cooperation (APEC) countries affirmed their commitment to implementing the 2030 Agenda for Sustainable Development and the Addis Ababa Action Agenda on financing for development (AAAA) at the close of the 23rd APEC Economic Leaders' Meeting meeting. APEC leaders also adopted the APEC Disaster Risk Reduction (DRR) Framework to facilitate international cooperation cooperation on DRR.

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FoodSECuRE Facility to Build Community Resilience to Climate Change [viewed]

wfp_iriNovember 2015: The Food Security Climate Resilience (FoodSECuRE) Facility, an initiative of the World Food Programme (WFP), aims to secure US$400 million to enable governments to quickly unlock funding to scale up food and nutrition responses as well as disaster risk reduction activities before climate disasters occur. The WFP and its partner, the International Research Institute for Climate and Society (IRI), have launched activities in five countries, with fast-tracked implementation in Zimbabwe and Guatemala to respond to El Niño.

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