Finance

GEF Council Considers 2020 Strategy, GEF-6 [viewed]

gefcouncilmeeting27 May 2014: The 46th meeting of the Global Environment Facility (GEF) Council convened immediately prior to the 5th meeting of the GEF Assembly. The Council considered, inter alia, the long term strategy for the GEF, co-financing policy, the GEF-5 Work Program, and the Work program and budget of the GEF Independent Evaluation office. Agenda items specific to the sixth replenishment period of the GEF Trust Fund (GEF-6) included a proposal for the System of Transparent Allocation of Resources (STAR) for GEF-6, implementation arrangements for the GEF Small Grants Programme, and a summary of the negotiations of the Sixth Replenishment of the GEF Trust Fund.

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STAP Advises GEF Assembly on Environmentally Sustainable Development [viewed]

GEF STAP24 May 2014: The Scientific and Technical Advisory Panel (STAP) of the Global Environment Facility (GEF) has released a report to the 5th meeting of the GEF Assembly, providing recommendations for advancing environmentally sustainable development under the sixth GEF replenishment (GEF-6). The report, titled ‘Delivering Global Environmental Benefits for Sustainable Development,' also reviews the expansion of the Advisory Panel's roles and responsibilities, and its contributions in GEF-5.

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Guest Article #108: An Opportunity to Learn, Share, Network at Climate Partnership Forum [viewed]

In just over a month from now, hundreds of people will be rallying behind the Climate Investment Funds (CIF) to participate in the fifth CIF Partnership Forum: a showcase of emerging CIF knowledge and learning on low carbon, climate resilient development and a key meeting place for climate change champions from around the world.

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AfDB Annual Meetings Discuss Next 50 Years in Africa [viewed]

AfDB23 May 2014: Governors adopted a number of resolutions and approved programmes and initiatives at the 49th Annual Meetings of the African Development Bank (AfDB). The Meetings took place under the theme, ‘The Next 50 Years: The Africa We Want.' The Annual Meeting took place from 19-23 May 2014, in Kigali, Rwanda.

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PEI Review Finds National Adaptation Costs Total US$1 Billion Annually in Bangladesh [viewed]

undp-unep-bangladesh23 May 2014: Bangladesh spends approximately 6-7% of its yearly budget, or US$1 billion annually, on adapting to climate change, according to a financial review undertaken by the Bangladesh Ministry of Finance, the UN Development Programme (UNDP) and the UN Environment Programme (UNEP).

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NAMA Registry Records First Match [viewed]

UNFCCC23 May 2014: The UNFCCC Secretariat has announced that Austria is supporting a Georgian sustainable forestry project in what is the first match recorded by the UNFCCC's registry of Nationally Appropriate Mitigation Actions (NAMAs).

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Central Asian Countries Collaborate on Climate Resilience [viewed]

World Bank15 May 2014: The Second Central Asia Climate Knowledge Forum, organized under the theme ‘Moving Towards Regional Climate Resilience,' was organized by the World Bank and brought together over 100 policymakers and practitioners from Kazakhstan, Kyrgyz Republic, Tajikistan, Turkmenistan and Uzbekistan.

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Event: Climate Finance and Investment Forum in West Africa [viewed]

The UN Framework for Climate Change (UNFCCC) Secretariat, the UN Environment Programme (UNEP), UNEP Risoe Centre on Energy, Climate and Sustainable Development, and the Banque Ouest Africaine de Developpement (BOAD) are jointly organizing a Climate Finance and Investment Forum in West Africa. The objective of the event is to facilitate and enhance the finance of climate change mitigation and adaptation projects in the region. The two-day event will include plenaries on: International Climate Finance and the UNFCCC Framework; Climate Finance Instruments: Opportunities for Africa; Public Financial Institutions and Climate Finance; Presentation from Regional Climate Change Projects; Role of a Private Financial Institution in Enabling Sustainable Development; Examining the Opportunities in Emerging African Investment Funds; Clean Energy Finance: The Case Study of South Africa; and Renewable Energy Project Finance.  

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GCF Board Paves Way for Mobilizing Resources [viewed]

Green Climate Fund (GCF)21 May 2014: At its seventh meeting, the Green Climate Fund (GCF) Board took the final steps necessary to operationalize the Fund and begin mobilizing resources. The Board adopted decisions on results management, the initial process for approving proposals, accreditation of implementing entities and risk management.

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EU Forest Strategy Endorsed [viewed]

eu-forest europe19 May 2014: The Council of the Europe Union has endorsed the 2013 'A new EU Forest Strategy: For forests and the forest-based sector,' and has released its 'Conclusions adopted by the Council.' The conclusions refer to the Oslo Ministerial Declaration on European Forests 2020 and to criteria and indicators for sustainable forest management (SFM) developed by FOREST EUROPE.

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