Finance

GCF Board Accredits Seven Entities, Adopts Investment Framework [viewed]

green-climate-fund-new26 March 2015: At its ninth meeting, the Green Climate Fund (GCF) Board took a number of necessary steps toward its goal of approving funding for the first projects and programmes in October 2015. It agreed to accredit seven organizations, opening the door for them to begin developing and submitting project and programme proposals. In addition, it agreed on an initial investment framework, which will guide entities in the development of their proposals and create a transparent process for evaluating them.

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UNFCCC Releases Programme Budget Proposal for 2016-2017 [viewed]

UNFCCC23 March 2015: The UNFCCC Secretariat has launched its proposal for a programme budget for the biennium 2016-2017 for consideration by the 42nd session of the Subsidiary Body for Implementation (SBI 42). The document (FCCC/SBI/2015/3) contains information on, inter alia, the approach of the Executive Secretary to framing the proposal, the structure of the proposed budget, additional requirements and the proposed programme budget.

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Norden Formulates Recommendations on Assessment and Review of INDCs [viewed]

Nordic Council Logo23 March 2015: A study published by the Nordic Council of Ministers (Norden) identifies a variety of options for designing and organizing the assessment and review of intended nationally determined contributions (INDCs) under a 2015 climate change agreement. It proposes an ex ante assessment and review process for INDCs, complemented by assessments by observer organizations and informal discussions among parties. In addition, it recommends a periodic review of collective ambition to assess environmental effectiveness.

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Event: Green Bond Principles' First Annual General Meeting and Conference [viewed]

The Green Bond Principles (GBP) will convene its member and observer organizations for the first GBP Annual General Meeting (AGM), which will take place at the European Bank for Reconstruction and Development (EBRD) headquarters in London UK. Following the AGM, a conference open to members of the International Capital Market Association (ICMA) will provide an update on the GBP and information on developments in the green bond market. The GBP, launched in April 2014, establishes a set of voluntary process guidelines for issuing green bonds, and currently has close to 100 member and observer organizations. ICMA serves as the Secretariat to the GBP.  

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UNECA Holds Regional Consultation on FfD, Prepares Common Position [viewed]

UNECA24 March 2015: The UN Economic Commission for Africa (UNECA) hosted a regional consultation for high-level political and Central Bank representatives, NGOs, civil society and the private sector to discuss: financing the post-2015 development agenda; Africa's progress since the Monterrey Consensus; climate financing; international private financial flows; international public finance and sovereign debt; trade, partnerships, technology and innovation; systemic issues; and monitoring, data and follow up, among other issues. The results of the consultation will be included as part of a Common African Position for the Third International Conference on Financing for Development (FfD 3).

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UNFCCC Publishes SBI 42 and SBSTA 42 Agendas [viewed]

UNFCCC23 March 2015: The UNFCCC Secretariat has published the agenda for the 42nd sessions of the Subsidiarity Body for Implementation (SBI) (FCCC/SBI/2015/1) and the Subsidiary Body for Scientific and Technological Advice (SBSTA) (FCCC/SBSTA/2015/1).

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Civil Society Calls for Ambitious Targets and Indicators for SDG on Energy [viewed]

measuring_what_matters23 March 2015: A policy brief representing the views of 28 civil society organizations (CSOs), companies and umbrella organizations outlines targets and indicators to support the proposed Sustainable Development Goal (SDG) on energy. Produced by Practical Action, Catholic Agency For Overseas Development (CAFOD) and the World Wildlife Fund (WWF), the brief calls for robust indicators and clear milestones.

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G20 Energy Efficiency Finance Task Group Holds Inaugural Meeting [viewed]

g20-turkey13 March 2015: During the first working session of the Group of 20 (G20) Energy Efficiency Finance Task Group (EEFTG), participants focused on enhancing understanding of the participating economies' challenges in increasing flows of energy efficiency finance and on potential opportunities for international cooperation in this area. The Task Group, coordinated by the International Partnership for Energy Efficiency Cooperation (IPEEC), was among the six work streams announced at the G20 Leaders' Summit in November 2014.

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IPCC Releases Complete AR5 Synthesis Report [viewed]

IPCC18 March 2015: The Intergovernmental Panel on Climate Change (IPCC) has released the complete version of the Synthesis Report (SYR) of the Fifth Assessment Report (AR5). Some of the SYR's main findings, which was released on 2 November 2014, are: human influence on the climate system is clear; more disruption to the climate leads to a greater risk of severe, pervasive and irreversible impacts; and limiting climate change is possible.

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GGKP Conference Explores Fiscal Measures for Green Economy Transitions [viewed]

green-growth-plataformMarch 2015: Participants explored fiscal measures for climate change mitigation and adaptation, environmental taxes in developing countries, sustainable water management, green fiscal reform and incentives for clean energy investments, among other topics at the Green Growth Knowledge Platform's (GGKP) third annual conference. The conference report, titled ‘Fiscal Policies and the Green Economy Transition: Generating Knowledge, Creating Impact,' highlights key messages and provides an overview of the sessions.

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