Finance

ITF, ITDP Event Explores Transport's Role in INDCs, NAMAs [viewed]

limacop204 December 2014: Participants explored how technology is unlocking mitigation potential in the transport sector at an event convened on the sidelines of the Lima Climate Change Conference. Policymakers at the event explained how technological advancements can support Intended Nationally Determined Contributions (INDCs) and Nationally Appropriate Mitigation Actions (NAMAs) under the UNFCCC, as well as the Sustainable Development Goals (SDGs).

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UNDP, Mitsubishi UFJ Announce Shortlisted Proposals for Climate Finance Award [viewed]

World Bank UNDP3 December 2014: The UN Development Programme (UNDP) MDG Carbon and Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. have announced 12 shortlisted proposals for the Climate Finance Innovation Award. The winning proposal will be awarded US$10,000.

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UK Environmental Audit Committee Hears Evidence on SDGs, Post-2015 Process [viewed]

UK Parliament2 December 2014: The Environmental Audit Committee of the UK House of Commons conducted a hearing on the Government's priorities and positioning in negotiating the Sustainable Development Goals (SDGs). The hearing covered, inter alia, the number of goals, the possibility of an SDG on climate change, and UK representation in the overall post-2015 process.

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CIFOR Explores REDD+ Lessons from Central Kalimantan [viewed]

CIFOR3 December 2014: In order to highlight experiences in implementing REDD+, the Center for International Forestry Research (CIFOR) reviewed the Kalimantan Forests and Climate Partnership (KFCP) for emission reductions in Central Kalimantan, Indonesia. The review emphasizes the need for transparency in REDD+.

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GCF Open Forum Raises Awareness on GCF Operations [viewed]

limacop203 December 2014: A 'Green Climate Fund (GCF) Open Forum,' organized on the margins of the Lima Climate Change Conference, raised awareness of GCF operating procedures with regard to country readiness, accreditation, implementing entities and project pipelines. GCF convened the Forum to engage interested stakeholders and offer them an opportunity to understand the GCF, as it is expected to begin disbursements in 2015.

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OECD Publishes Data on Climate-Related External Financial Flows [viewed]

OECD_NEWNovember 2014: The Organization for Economic Co-operation and Development's Development Assistance Committee (OECD-DAC) has presented a set of statistics that capture an integrated and comprehensive picture of both bilateral and multilateral climate-related external development finance flows, which play an important role in supporting developing countries in their transition to low-carbon, climate-resilient and sustainable development pathways.

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Guest Article #118: The Adaptation Fund's Success Story [viewed]

In just a few short years, the Adaptation Fund (AF) has built a focused, effective, and transparent climate adaptation financing instrument that directly aids the most vulnerable communities in developing countries.

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UN Secretary-General's Synthesis Report Proposes 6 Elements for Post-2015 Agenda [viewed]

syntesis-proposal4 December 2014: UN Secretary-General Ban Ki-moon has released an advance version of his synthesis report on the post-2015 development agenda, titled ‘The Road to Dignity by 2030: Ending Poverty, Transforming All Lives and Protecting the Planet.' In the report, Ban proposes an integrated set of six essential elements: dignity; people; prosperity; planet; justice; and partnership.

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EU-US Energy Council Statement Highlights Climate Change Commitments [viewed]

usa-eu-flag3 December 2014: The EU and the US are committed to leading the fight against climate change, according to a joint statement released by the sixth meeting of the EU-US Energy Council. As outlined in the statement, the Council welcomed the greenhouse gas (GHG) emissions reduction commitments of the EU and the US, applauded their respective pledges to the Green Climate Fund (GCF) and discussed mobilizing long-term investments in sustainable energy for developing regions.

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UNFCCC SCF Releases Biennial Assessment of Climate Finance Flows [viewed]

UNFCCC3 December 2014: The UNFCCC Standing Committee on Finance (SCF) has released a compilation of information and data on financial flows supporting mitigation and adaptation within countries and via international support. The assessment estimates a lower range of global total climate finance flows of US$340 billion a year for the period 2011-2012 and an upper range of at least US$650 billion.

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