Finance

ADB Clean Energy Investments Exceed 2013 Goal [viewed]

ADBJune 2014: The Asian Development Bank (ADB) has released a report titled ‘2013 Clean Energy Investments: Project Summaries,' which highlights that ADB's total investments in clean energy in 2013 amounted to US$2.3 billion, exceeding the annual target of US$2 billion. The report shows an increased focus on the public sector, with public or sovereign loans making up 72% of the total figure.

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Event: Fifth Petersberg Climate Dialogue [viewed]

The meetings of the Petersberg Climate Dialogue, an initiative of the German Government, are co-chaired by Germany and the upcoming Presidency of the UN climate negotiations (Mexico in 2010; South Africa in 2011; Qatar in 2012; Poland in 2013; and Peru in 2014). The Dialogue brings together representatives from all regions of the world and all negotiating groups. Discussions are held in an informal style to facilitate an "open and honest" debate. The fifth Petersberg Climate Dialogue will take place under the theme "Addressing the urgency – stepping up our contributions," and will aim to introduce new ideas into the negotiations and discuss new strategies in preparation for the 20th session of the Conference of the Parties (COP 20) to the UNFCCC, scheduled to take place in Lima, Peru, in December 2014. The meeting will be presided over by Federal Environment Minister Barbara Hendricks and Peruvian Minister for Environment Manuel Pulgar-Vidal.  

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Event: 49th Meeting of the GEF Council [viewed]

The Global Environment Facility (GEF) Council meets twice per year to approve new projects with global environmental benefits in the GEF's focal areas. The Council also provides guidance to the GEF Secretariat and Agencies.  

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UNFCCC Momentum for Change Releases 2013 Lighthouse Activities Report [viewed]

UNFCCCJune 2014: The UNFCCC Secretariat has released its 2013 report on the 'Lighthouse Activities' selected by its Momentum for Change initiative to showcase game-changing climate change actions. The 17 activities selected are making progress in three focus areas: Urban Poor; Women for Results; and Financing for Climate Friendly Investment.

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IDB Analyzes Economics of Climate Change in Trinidad and Tobago [viewed]

IDBJune 2014: The Inter-American Development Bank (IDB) has issued an economics of climate change adaptation study for Trinidad and Tobago that can be applied to the broader Caribbean region, along with the information regarding how to implement such a study.

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Central Asian Countries Partner on Regional Climate Change Strategy [viewed]

World Bank17 June 2014: Civil Society Organizations (CSOs), government officials, educators and development professionals attending the Second Central Asia Climate Knowledge Forum have proposed a Climate Adaptation and Mitigation Program for Central Asia (CAMP4CA). CAMP4CA will be a regional effort to boost cross-country climate change policy planning, pilot investments across governments and jointly implement long-term climate-related projects.

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IDB Finances Solar Power in Chile, Geothermal in Mexico [viewed]

IDB4 June 2014: The Inter-American Development Bank (IDB) recently announced support for solar power in Chile and geothermal power in Mexico.

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On Its 50th Anniversary, G-77 Discusses A New World Order for Living Well [viewed]

G77logo15 June 2014: The Group of 77 (G-77) marked its 50th anniversary with a two-day summit on the theme, ‘A New World Order for Living Well.' The G-77 issued a 242-paragraph statement at the close of the summit, titled ‘Declaration of Santa Cruz: For a New World Order for Living Well,' which addresses development in the national context, South-South cooperation, global challenges and particular needs of developing countries in special situations.

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Bonn Climate Change Conference Paves the Way to Lima [viewed]

bonn-climate-change-conference15 June 2014: The Bonn Climate Change Conference took place in Bonn, Germany, from 4-15 June 2014, and included the 40th sessions of the Subsidiary Body for Implementation (SBI) and the Subsidiary Body for Scientific and Technological Advice (SBSTA). The fifth meeting of the second session of the Ad Hoc Working Group on the Durban Platform for Enhanced Action (ADP 2-5) also took place.

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UN-REDD Reflects on Five Years of Support for REDD+ [viewed]

undp-fao-unepJune 2014: The UN Collaborative Programme on Reducing Emissions from Deforestation (UN-REDD), after five years of support for REDD+ readiness, has reviewed the evolution of the REDD+ landscape. The review focuses, in particular, on the five thematic areas of UN-REDD: measurement, reporting and verification (MRV), governance, stakeholder engagement, safeguards and multiple benefits, and the green economy.

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