Finance

UNFCCC COP 21 Adopts Paris Agreement [viewed]

cop21_iisd12 December 2015: On 12 December 2015, in Paris, France, the 21st session of the Conference of the Parties (COP 21) to the UNFCCC adopted the Paris Agreement (FCCC/CP/2015/L.9/Rev.1), a universal, legally-binding agreement to take effect from 2020. Commenting on the new Agreement, COP 21 President Laurent Fabius, Foreign Minister, France, stated, "The Paris Agreement allows each delegation and group of countries to go back home with their heads held high. Our collective effort is worth more than the sum of our individual effort."

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COP 21 Side Events Address African Youth, SDGs, International Mountain Day on Final Day [viewed]

afric_cop2112 December 2015: Following intensive consultations and bilaterals, UNFCCC COP 21 concluded on Saturday, 12 December 2015, with the adoption of the Paris Agreement and associated decision (FCCC/CP/2015/L.9/Rev.1). On 11 December, a number of side events took place on the final official day of COP 21.

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Saint Kitts and Nevis, Venezuela Submit INDCs [viewed]

UNFCCC12 December 2015: The UNFCCC Secretariat has reported that Saint Kitts and Nevis and Venezuela have formally submitted their intended nationally determined contributions (INDCs), bringing the total number of Parties that have made their submissions to 188.

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EBRD Analyzes Impacts of Climate Policies on Government Assets and Financial Stability [viewed]

European Bank10 December 2015: The European Bank for Reconstruction and Development (EBRD) has launched a paper, titled 'Government assets: risks and opportunities in a changing climate policy landscape.' The paper was launched at an event held on the sidelines of the Paris Climate Change Conference.

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CCAC Strengthens Efforts to Reduce Short-Lived Climate Pollutants [viewed]

CCAC9 December 2015: The High Level Assembly (HLA) of the Climate and Clean Air Coalition to Reduce Short-Lived Climate Pollutants (CCAC) committed to ambitious action over the next five years to reduce emissions of the short-term climate pollutants (SLCPs) - black carbon, methane and hydrofluorocarbons (HFCs).

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COP 21 Considers Revised Draft Paris Outcome [viewed]

cop21_day1110 December 2015: Negotiations continued on the draft outcome of the Paris Climate Change Conference on Thursday, 10 December, with COP 21 President Laurent Fabius introducing a revised draft text in the evening. Fabius said there are “open options” on the most complex issues of differentiation, finance and ambition, and asked delegates to examine the document with a "new perspective,” keeping the final agreement in mind, suggesting “we are extremely close to the finish line.” Following a second night of negotiations, delegates were told on Friday that the sixth meeting of the Comité de Paris would convene Saturday morning, 12 December, during which a final draft of the proposed Paris Outcome would be presented.

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Guide Offers Green Bonds Toolbox [viewed]

scaling_up_green_bond9 December 2015: The Climate Bonds Initiative and the UN Environment Programme (UNEP) launched a guide for public sector decision makers on scaling up green bond markets for climate change mitigation and other objectives of sustainable development. The guide aims to accelerate the growth of the green bond market to achieve the US$6.2 trillion of annual investment estimated necessary to build the infrastructure of low-carbon economies around the world.

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LPAA Results in Over 70 Major Climate Action Initiatives [viewed]

lpaa9 December 2015: The Lima-Paris Action Agenda (LPAA), which convened on the sidelines of the Paris Climate Change Conference, illustrated the “massive and rising response by cities, regions, business and civil society to take ambitious climate action, frequently in cooperation with national governments,” according to the UNFCCC Secretariat. The LPAA resulted in over 70 major initiatives from nearly 10,000 actors from 180 countries on agriculture, building, business, cities, forests, innovation, private finance, resilience, short-lived climate pollutants, transport and water.

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COP 21 Considers Revised Draft Outcome [viewed]

cop219 December: Delegates at COP 21 discussed a revised version of the Paris outcome during an evening session of the Comité de Paris. Introducing the revised draft, COP 21 President Laurent Fabius informed parties that the text: is “inspired” by the ADP draft Paris outcome from Saturday, 5 December; incorporates ministerial facilitators' recommendations; and draws from ADP co-facilitators' suggestions and experience. He explained that the 29-page text, which contains three-fourths fewer brackets than the previous draft, aims to provide an overview of progress made and identify clear options on three cross-cutting issues still to be settled at the political level.

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COP 21 Considering Draft Paris Outcome [viewed]

cop218 December 2015: Negotiations advanced on the draft outcome of COP 21, with minister-led informal consultations, bilaterals and party-led breakout groups under the "Comité de Paris" on: support: MOI (finance, technology and capacity building); acceleration of pre-2020 action (workstream 2, excluding pre-2020 finance); adaptation, and loss and damage; differentiation, in particular with regard to mitigation, finance and transparency; ambition, including long-term goals and periodic review; facilitating implementation and compliance; preamble; forests; cooperative mechanisms; and response measures.

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