Finance

World Bank Paper Outlines Options for Low-Carbon Urban Investment in Shanghai [viewed]

World Bank21 January 2014: The World Bank has announced a paper that presents innovative bottom-up approaches to help cities set low-carbon targets and identify cost-effective, low-carbon investments for meeting these targets. The methodology presented in the study, titled 'Applying Abatement Cost Curve Methodology for Low-Carbon Strategy in Changning District, Shanghai,' is designed to be replicable in cities elsewhere in China and around the world.

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UNFCCC Releases NAMA Workshop Report [viewed]

UNFCCC17 January 2014: The UNFCCC Secretariat has released the report from the first workshop under the work programme on further understanding the diversity of nationally appropriate mitigation actions (NAMAs) by developing countries, underlying assumptions and support required for implementing such NAMAs.

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EC Study Outlines Pathway to Standardizing Disaster Loss Databases [viewed]

European Union16 January 2014: The European Commission (EC) released a report, titled 'Recording Disaster Losses: Recommendations for a European Approach,' which outlines a pathway for a standardized European approach to record and manage disaster loss.

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ADB Increases Financing of Environmental Sustainability Projects [viewed]

ADB24 December 2013: The Asian Development Bank (ADB) has increased its level of investment in development projects in the region, including investment in clean energy projects.

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Event: IRENA Africa Clean Energy Corridor High-Level Meeting [viewed]

This ministerial meeting is being convened to consider an Action Agenda for the Africa Clean Energy Corridor, an initiative launched at the third session of the International Renewable Energy Agency (IRENA) Assembly in January 2013, with the objective of developing clean, indigenous, cost-effective renewable power to support Africa's economic development. The Ministerial Round Table will discuss: benefits of the Africa Clean Energy Corridor; countries' views on the opportunity to move to a renewable energy future; key challenges that countries will face in making the transition; whether countries are fully equipped to use their renewables resource potential; and whether the concept of the Africa Clean Energy Corridor provides the necessary elements to enable renewable energy transition.  

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UNFCCC Executive Secretary Calls for Increased Investment in Low-Carbon Assets [viewed]

Christiana Figueres COP1715 January 2014: UNFCCC Executive Secretary Christiana Figueres has called on investors to redirect their investment portfolios towards low-carbon assets, such as assets built on renewable energy and energy efficiency, in order to contribute to achieving a low-carbon economy. 

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UNFCCC Releases ADP Warsaw Report [viewed]

UNFCCC14 January 2014: The UNFCCC Secretariat has published the report of the Ad Hoc Working Group on the Durban Platform for Enhanced Action (ADP) on the third part of its second session (FCCC/ADP/2013/3). The report summarizes the discussions held during the meeting, as well as the conclusions adopted.

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EIB's Climate Awareness Bond Increases to €1.5 Billion [viewed]

Eib14 January 2014: The European Investment Bank (EIB) had its first transaction of 2014 in the European green bond market, a €350 million Climate Awareness Bond (CAB) increase. Due 15 November 2019, the CAB is now worth a record €1.5 billion, the largest climate-themed bond in any currency.

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UN-REDD, Kenya Assess REDD+ Corruption Risk [viewed]

UN-REDD Programme14 January 2014: The UN Collaborative Programme on Reducing Emissions from Deforestation (UN-REDD) has reported that Kenya's Ministry of Environment, Water and Natural Resources has launched 'A Corruption Risk Assessment for REDD+ in Kenya.' The study was conducted by the Anti-Corruption Resource Centre (U4) with the support of the UN-REDD Programme with engagement of Kenya's Ethics and Anti Corruption Commission.

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Event: Second High Level Meeting of the Africa-EU Energy Partnership [viewed]

The second High Level Meeting of the Africa-EU Energy Partnership (AEEP), jointly organized by the Government of Ethiopia and the African Union Commission (AUC), will gather African and European Ministers, AU and European Union (EU) Commissioners, and other high-level policy-makers, international organizations, the private sector, academia, and civil society to discuss Africa-EU cooperation on energy and foster further commitments and action on the energy challenges facing the two continents. The High Level Meeting will take place from 12-13 February 2014, and a business exhibition showcasing technologies for overcoming Africa's energy challenges will take place at the same venue from 11-13 February 2014.  

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