Finance

GCF Board Approves First Projects [viewed]

green-climate-fund-new6 November 2015: The Green Climate Fund (GCF) is set to fund its first projects after the Board approved eight proposals at its 11th meeting (GCFB 11). The approved funding, which is contingent on fulfillment of specified conditions for seven of the projects, totals US$168 million. At the meeting, the Board also adopted an initial monitoring and accountability framework for accredited entities, a process to develop a strategic plan, a decision on the readiness programme and an updated set of administrative guidelines on procurement.

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Fiji Submits INDC [viewed]

Fiji Flag5 November 2015: The UNFCCC Secretariat has reported that Fiji has formally submitted its intended nationally determined contribution (INDC), bringing the total number of Parties that have made their submissions to 157. Fiji's INDC is specific to the national energy sector, where it aims to achieve a 30% reduction in carbon dioxide (CO2) emissions compared to a business-as-usual (BAU) scenario by 2030.

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UN General Assembly Holds Informal Meeting on COP 21 [viewed]

UN logo4 November 2015: During a briefing on preparations for the 21st session of the Conference of the Parties (COP 21) to the UNFCCC, UN Secretary-General Ban Ki-moon told an informal meeting of the UN General Assembly (UNGA) that he will actively engage Heads of State and Government in the remaining weeks before COP 21 takes place in Paris, France, saying "ultimate responsibility for success in Paris rests firmly in their hands." He urged leaders to tell negotiators that "now is the time for compromise and consensus building."

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Event: Earth To Paris—Le Hub [viewed]

Convening on the sidelines of the Paris Climate Change Conference in December 2015, 'Earth To Paris—Le Hub' will provide the opportunity for cross-sector, solutions-oriented engagement in climate change conversations around the Paris Conference, and a platform for amplifying the conversation across social and digital media. Experts, advocates, business and other leaders will discuss solutions to climate change, while participants around the world will be able to participate through multi-language livestreamed video and real-time interactions across multiple social media platforms. The hashtag for the event is #EarthToParis. Speakers will include: Anne Hidalgo, Mayor of Paris; Helen Clark, Administrator, UN Development Programme (UNDP); Anthony Lake, Executive Director, UN Children's Fund (UNICEF); and Irina Bokova, Director-General, UN Educational, Scientific and Cultural Organization (UNESCO). The first day of ‘Earth To Paris—Le Hub' will convene at the Petit Palais and the second day will be held at UNESCO headquarters. Earth To Paris is a coalition of partners helping to increase awareness about the connection between people and planet, and the need for strong climate action.  

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China, France Call for Comprehensive Stocktaking of GHG Emissions Cuts Every Five Years [viewed]

france_china2 November 2015: Meeting less than a month before the Paris Climate Change Conference, French President François Hollande and Chinese President Xi Jinping agreed that the outcome expected in Paris should include provisions for a five-year review of progress toward reaching long-term emissions goals. The Presidents released a statement following the meeting, explaining that "the results of this stocktake will inform parties in regularly enhancing their actions in a nationally determined manner."

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BASIC Ministers Commit to Ambitious Paris Agreement [viewed]

Flag of China31 October 2015: The Ministers from the BASIC countries (Brazil, South Africa, India and China) have reiterated their commitment to reaching an equitable, ambitious, comprehensive, balanced and durable agreement in Paris through a transparent, inclusive and party-driven process. In their joint statement, the Ministers call for accelerating textual negotiations on the basis of “the revised non-paper” issued by the UNFCCC on 23 October 2015.

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CCDA-V Delegates Consider Progress on UNFCCC Objectives, Africa's Role [viewed]

ccda-v30 October 2015: The 5th Conference on Climate Change and Development in Africa (CCDA-V) concluded with delegates stressing that developing homegrown climate information and policy frameworks will be important for responding to Africa's needs and strengthening governance practices, and that domestic resource mobilization is necessary to scale up proven green development strategies and innovations.

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CEM Predicts Huge Growth in Off-Grid Appliance Market [viewed]

Clean Energy Ministerial29 October 2015: According to the Clean Energy Ministerial (CEM), the global market for off-grid appliances is expected to experience “rapid, significant growth," with consumer spending on off-grid fans, televisions and refrigerators increasing from US$525 million in 2015 to a possible US$4.7 billion in 2020. The research also highlights challenges that must be overcome in order for the market's potential to be fully realized, in regard to energy efficiency, finance, tariffs and taxes, distribution, consumer awareness and customer service.

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LEDS Paper Calls for Subnational Coordination [viewed]

LEDS26 October 2015: The Low Emissions Development Global Partnership (LEDS GP) Working Group on Subnational Integration (SNI-WG) has published a paper summarizing the group's activities over the past two years, focusing on the role of non-state actors to help achieve national and international development goals. The working paper, titled ‘The coordination and vertical integration of climate actions,' explains that while a range of actions by non-state actors contribute to filling the emissions gap, significant benefits can be gained by improving the coordination and vertical integration of subnational climate actions.

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Event: 2015 International Energy Agency Ministerial [viewed]

The 2015 International Energy Agency (IEA) Ministerial, meeting under the theme ‘Innovation for a Clean, Secure Energy Future,' will emphasize the importance of increased cooperation among IEA member countries, emerging economies and the business community. The Ministerial meeting, which convenes every two years, helps set strategic priorities for the IEA. The IEA Secretariat digests what has been discussed and develops ideas for existing or new work programmes, which it then presents to the Governing Board of the IEA. Ministerial meetings also enable member countries to agree to undertake domestic or collective actions in the field of energy policy. Ministers from the 29 IEA member countries, nine partner countries (Brazil, China, India, Indonesia, Mexico, Morocco, South Africa and Thailand plus one candidate country for accession, Chile) and representatives from the African Union (AU), the EU, the Nuclear Energy Agency and the Organisation for Economic Co-operation and Development (OECD) are expected to attend the 2015 IEA Ministerial Meeting in Paris. CEOs from the IEA Energy Business Council representing companies active in energy or related fields will also attend. The meeting will be chaired by US Energy Secretary Ernest Moniz.  

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