Finance

US EPA Proposes 30% Emission Reductions from Power Plants by 2030 [viewed]

EPA2 June 2014: The US Environmental Protection Agency (EPA) has proposed regulations requiring existing coal-fired power plants to reduce their emissions. The Clean Power Plan is a flexible proposal aimed at ensuring a healthier environment, spurring innovation and strengthening the economy, which, for the first time, cuts carbon pollution from existing power plants, the single largest source of such pollution in the US. The plan is expected to protect public health and fight climate change while supplying reliable and affordable power.

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June 2014 Bonn Climate Change Conference to Open with High-Level Ministerial Events [viewed]

UNFCCC2 June 2014: The Bonn Climate Change Conference will begin with two high-level ministerial sessions on: implementation of the second commitment period of the Kyoto Protocol; and political aspects of the Ad Hoc Working Group on the Durban Platform for Enhanced Action (ADP), including the nature of nationally determined contributions for the 2015 agreement and the necessary level of ambition before 2020. Ministers will also consider the recently published reports by the Intergovernmental Panel on Climate Change (IPCC).

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CARBON EXPO 2014 Highlights Domestic Actions, Need for Global Carbon Price [viewed]

Carbon Expo 200930 May 2014: CARBON EXPO 2014 brought together approximately 200 speakers and more than 1,700 participants from around 70 countries to analyze current carbon market trends, promote green technology solutions and strategize on three themes: policy and markets, climate finance and sustainable energy.

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UNECA, ACPC Report Discusses Loss and Damage in Africa [viewed]

uneca-acpc27 May 2014: “Under all warming scenarios and despite strong adaptation efforts in the region, considerable adverse effects of climate change will be felt in Africa, resulting in further loss and damage,” according to a report by the UN Economic Commission for Africa (UNECA) and the Africa Climate Policy Centre (ACPC).

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GEF Assembly Discusses Facility's Next Four Years [viewed]

Captura de pantalla 2014-06-01 a la(s) 18.36.3329 May 2014: The fifth meeting of the Global Environment Facility (GEF) Assembly, which convened from 28-29 May, in Cancun, Mexico, highlighted and discussed the GEF2020 Strategy along with the mission and vision guiding the GEF going forward. 

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FAO, Partners Develop Methodology for Herders and Grazers to Access Carbon Finance [viewed]

FAO30 May 2014: In recognition of the potential for grassland restoration to both mitigate climate change and improve profitability of livestock farmers, the Food and Agriculture Organization of the UN (FAO), in collaboration with Chinese partners, has developed a tool that can measure carbon sequestration resulting from sustainable grassland management. The Verified Carbon Standard (VCS) has approved the tool, which will allow the carbon credits derived from improved grassland management to be sold in voluntary carbon markets.

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FAO Issues Agriculture Brief in Advance of Bonn Climate Talks [viewed]

FAO29 May 2014: The Food and Agriculture Organization of the UN (FAO) has issued a brief, titled ‘Agriculture at the UN Climate Change Talks,' in advance of the Bonn Climate Change Conference taking place from 4-15 June in Bonn, Germany. The brief, which is targeted at an audience with a particular interest in agriculture and land-use issues, highlights the meeting context, key issues for agriculture and land use and areas where agriculture will be directly and indirectly addressed during the discussions, including both negotiations and side events.

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World Bank Report Highlights Growing Momentum to Price Carbon [viewed]

World Bank28 May 2014: The World Bank and Ecofys have released a report, titled ‘State and Trends of Carbon Pricing 2014,' which states that momentum for carbon-pricing initiatives is building and initiatives such as emission trading schemes (ETS) and carbon taxes have increased significantly over the past year. 

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FS-UNEP Collaborating Centre Report Outlines Fiduciary Standards for Accessing Climate Finance [viewed]

fs-unep-centreMay 2014: The Frankfurt School (FS)-UN Environment Programme (UNEP) Collaborating Centre for Climate and Sustainable Energy Finance has released a report aimed at assisting developing country climate finance institutions in accessing funding from the Global Environment Facility (GEF) and the Adaptation Fund (AF). The report, titled 'Direct Access to International Climate Finance and Associated Fiduciary Standards,' compiles the minimum fiduciary standards required by these Funds and uses case studies to illustrate necessary supporting documentation.

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FS-UNEP Collaborating Centre Report Describes Transformation of Existing Fund into NCFI in Benin [viewed]

fs-unep-centreMay 2014: The Frankfurt School (FS)-UN Environment Programme (UNEP) Collaborating Centre for Climate and Sustainable Energy Finance has released a ‘Case study of the National Environment Fund Benin (FNE).' The report describes the transformation of an existing entity, FNE, an institution originally designed to mobilize international and national funding sources for national environmental projects, into a national climate finance institution (NCFI), the National Fund for the Environment and Climate (FNEC), which addresses climate change adaptation and mitigation as well as environment and development efforts.

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