Finance

Guest Article #133: Delivering Carbon Capture and Storage: a 2°C Solution [viewed]

Over the coming days, world leaders will be meeting in Paris to negotiate a global climate agreement. For the first time in history, business is playing an active role in this transformational journey and is coming to Paris with concrete solutions to help governments in tackling climate change.

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Niue Submits INDC [viewed]

niue25 November 2015: The UNFCCC Secretariat has reported that Niue has formally submitted its intended nationally determined contribution (INDC), bringing the total number of Parties that have made their submissions to 178. The submission expresses Niue's intent to achieve a 38% share of total electricity generation from renewable energy by 2020. Subject to additional international assistance, the country could accomplish 80% renewables by 2025, according to the INDC.

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African Decision Makers Discuss Risk Management and Financing for Resilience [viewed]

ur20 November 2015: The first 'Understanding Risk and Finance Conference for Africa' provided a forum for African decision makers to discuss strategies and approaches to mitigate the socioeconomic, fiscal, and financial impacts of disasters, including those of climate change.

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Bahrain, Cuba, the Federated States of Micronesia, Kuwait, South Sudan, Yemen Submit INDCs [viewed]

UNFCCC24 November 2015: The UNFCCC Secretariat has reported that Bahrain, Cuba, the Federated States of Micronesia (FSM), Kuwait, South Sudan and Yemen have formally submitted their intended nationally determined contributions (INDCs), bringing the total number of Parties that have made their submissions to 177.

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Majority of Disasters are Weather-related: UNISDR Reports [viewed]

UNISDR23 November 2015: The UN Office for Disaster Risk Reduction (UNISDR) has released a report, titled 'The Human Cost of Weather-Related Disasters 1995-2015,' which finds that 90% of disasters around the world are caused by weather extremes, such as floods, storms heatwaves or droughts. Over the past 20 years, these disasters have caused 606,000 deaths and left 4.1 billion people injured, homeless or in need of emergency assistance.

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IRENA Report Examines Renewable Energy's Role in Curbing Climate Change [viewed]

IRENA23 November 2015: According to a report released by the International Renewable Energy Agency (IRENA), doubling the share of renewable energy in the world's energy mix by 2030 could result in half the emissions reductions needed to stay within the below 2°C warming goal. The report, titled 'REthinking Energy 2015,' adds that energy efficiency could supply the remaining emissions cuts necessary.

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Event: Business and Industry (BINGO) Day at COP 21 [viewed]

The Business and Industry (BINGO) Day aims to showcase private sector leadership and action, provide constructive policy input from business, demonstrate the private sector's commitment to an ambitious agreement, and share expertise and best practices in technology cooperation, development and deployment, REDD+, climate finance and research and development. The Day's agenda includes panel sessions on: climate ambition in Indian industry; innovative solutions for stronger resilience; efficient, productive, and smart cities and grids; and innovation and scalable solutions in cross-sector collaboration. BINGO Day is organized by the International Chamber of Commerce (ICC).  

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Standing Committee on Finance Reports to COP 21 [viewed]

UNFCCC20 November 2015: The Standing Committee on Finance (SCF) has submitted information on the outcomes of its work in 2015 to the UNFCCC Conference of the Parties (COP) in advance of its 21st session. The COP will consider the report under its agenda item on matters relating to finance. The report (FCCC/CP/2015/8) covers, inter alia, the meetings, forums and virtual forum of the SCF, the development of a working paper on coherence and coordination of forest finance, and work on the biennial assessment and overview of climate finance flows.

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ADP Co-Chairs Release Scenario Note for Paris Negotiations [viewed]

UNFCCC20 November 2015: Co-Chairs Ahmed Djoghlaf (Algeria) and Daniel Reifsnyder (US) have released the scenario note for the 12th part of the second session of the Ad Hoc Working Group on the Durban Platform for Enhanced Action (ADP 2-12), which is scheduled to take place from 1-5 December 2015, in conjunction with the 21st session of the Conference of the Parties (COP 21) to the UNFCCC. The scenario note sets out the Co-Chairs' proposed organization of work for the meeting.

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France Releases Pre-COP 21 Aide-Mémoire [viewed]

cop2119 November 2015: The incoming French Presidency of the Conference of the Parties (COP) to the UNFCCC has released an aide-mémoire summarizing the outcomes of the Pre-COP meeting held from 8-10 November 2015 in Paris, France. The aide-mémoire reflects the incoming Presidency's "understanding of the broad lines of the discussion." The documents sets out the key messages from the four working groups on equity and differentiation, ambition, post-2020 finance, and pre-2020 action and support.

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