Finance

December 2014 Climate Finance Update [viewed]

Climate Finance Update19 December 2014: During December 2014, finance for climate change mitigation and adaptation projects was announced by the Asian Development Bank (ADB), the African Development Bank (AfDB), the Global Environment Facility (GEF), the Inter-American Development Bank (IDB) and the World Bank. Germany, Norway and the UK also reported on funding for projects to be undertaken in Africa, Asia and Latin America. The Caribbean Catastrophe Risk Insurance Facility (CCRIF), the Climate Investment Funds (CIF), the GEF and IDB released climate-related publications.

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EEA: Focus Energy Policies to Spur Innovation [viewed]

EEA15 December 2014: The European Environment Agency (EEA) has released a report compiling the 582 energy support measures of member States that were in place in 2012 and their probable effects on energy innovation. The report, titled 'Energy Support Measures and Their Impact on Innovation in the Renewable Energy Sector in Europe,' finds that 41% of these measures are associated with renewable energy, while 53% are associated with fossil fuels. The findings of the report suggest support policies could be better focused to drive innovation in renewables.

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ESCAP, Thailand Commemorate 2004 Indian Ocean Tsunami [viewed]

UNESCAP15 December 2014: During an event that convened ten years after one of the deadliest natural disasters the world has ever seen, panelists took stock of progress made in building greater resilience to disasters in the Asia-Pacific region, and identified remaining gaps and regional priorities going forward. The event highlighted that, while much has been done to fill the gaps in risk reduction, disaster preparedness and early warning systems ten years on from the Indian Ocean Tsunami, which hit on 26 December 2004, much remains to be done, particularly at the local level.

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UNEP FI Report Reviews How Public Interventions Can Unlock Private Climate Finance [viewed]

Unepfin5 December 2014: The UN Environment Programme's (UNEP) Finance Initiative has published a report, titled ‘Demystifying Private Climate Finance,' which discusses the concept of private finance, how it links with climate change mitigation and adaptation, and how public actors can mobilize it. The report aims to increase policymakers' understanding of private finance and introduce an approach that climate policy makers can follow when designing public interventions for unlocking private climate finance.

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SE4ALL, Partners Ready for Energy SDG [viewed]

SE4ALLDecember 2014: The Sustainable Energy for All (SE4ALL) initiative and its “global force of partners from all regions and sectors” are poised to implement a global goal on energy under the Post-2015 development agenda, according to Kandeh Yumkella, SE4ALL CEO and Special Representative of the UN Secretary-General.

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Event: CODATU XVI Conference [viewed]

This meeting will focus on ‘Energy, Climate and Air Quality Challenges: The Role of Urban Transport Policies in Developing Countries and Emerging Economies'. The conference will include plenary sessions on, inter alia; mitigation actions taken by cities; urban transport and climate change; financing for and optimizing benefits from low-carbon transport; and commitments and initiatives on the way to COP 21 of the UNFCCC in Paris, France. The conference is being organized by Cooperation for Urban Mobility in the Developing World (CODATU). Participants will also learn about, through field visits, Istanbul's public transport system, the Istanbul metro and a bike sharing programme.  

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UNSG Says “Stars Are Aligned” for Historic Action in 2015 [viewed]

bankimoon-warsaw17 December 2014: “The stars are aligned” for the international community to take historic action on climate, sustainable development and financing in 2015, said UN Secretary-General Ban Ki-moon as he reviewed the challenges and achievements of 2014. He called the Lima session of the Conference of Parties (COP 20) to the UN Framework Convention on Climate Change (UNFCCC) the “most encouraging” climate negotiations so far, and urged a high level of ambition in forging a new global agenda for development and securing a climate change agreement in 2015.

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African Sustainable Transport Forum Outcome Document Released [viewed]

astf15 December 2014: Following the inaugural conference of the African Sustainable Transport Forum (ASTF), an outcome document has been published that summarizes the ASTF's ministerial session and the ASTF Action Framework. The Framework includes 13 actions and an institutional structure for the ASTF Secretariat. It also presents a roadmap for sustainable transport in Africa, based on a harmonization of priority action areas identified by conference participants.

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Adaptation Fund Publishes 24th Board Meeting Report [viewed]

Adaptation Fund12 December 2014: The Adaptation Fund has published the report from the Adaptation Fund Board's (AFB) 24th meeting, which met from 9-10 October 2014, in Bonn, Germany. The report contains the proceedings of the meeting, including summaries of the reports: on activities of the Chair; on activities of the Secretariat; of the Accreditation Panel; of the 14th meeting of the Project and Programme Review Committee (PPRC); and of the 15th meeting of the Ethics and Finance Committee.

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IDB Report Highlights Benefits of Green Market Guarantees [viewed]

IDBDecember 2014: The Inter-American Development Bank (IDB) has published a report highlighting the benefits of guarantees for green markets, including by responding to challenges of investing in low-carbon and climate-resilient technologies and activities in Latin America and the Caribbean (LAC). 'Guarantees for Green Markets: Potential and Challenges' underscores the important role that national development banks (NDBs) can play in structuring and funding credit-guarantee schemes for domestic markets, and their unique position and capacities to effectively design, implement and promote green market investments.

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