Finance

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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Guest Article #129: Below 2°C - Together We´ll Make It [viewed]

Just a few weeks before the 21st session of the Conference of the Parties (COP 21) to the UNFCCC in Paris, one can literally feel the attention and the tension rising – not only in the negotiation rooms, but also in the ministries, in the media and in the public in general. During the last weeks, many people have asked me the same question: Will Paris deliver what Copenhagen was not able to deliver? My answer is always “Jein” – a mixture between the German words Ja (yes) and Nein (no).

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UNFCCC Releases Synthesis Report on INDC Aggregate Effect [viewed]

UNFCCC30 October 2015: As mandated by the Conference of the Parties (COP) to the UNFCCC at its 20th session, the Secretariat has released a synthesis report on the aggregate effect of the intended nationally determined contributions (INDCs) submitted by Parties as of 1 October 2015. The report underscores that, while the INDCs could deliver sizable emissions reductions and slow emissions growth over the next 10 years, their implementation will not result in aggregate annual emissions consistent with least-cost 2°C scenarios levels.

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Nordic Ministers Call for Transition to Highly Energy-Efficient, Low-Carbon and Climate-Resilient Economies [viewed]

Nordic Council Logo28 October 2015: Ministers from the Nordic countries have confirmed their commitment to reach an "ambitious, global and legally binding agreement" on climate change in a declaration signed at the annual Nordic Council's session in Reykjavik, Iceland. The climate and environment ministers signed the declaration a month before the climate talks in Paris, France, where the 21st session of the Conference of the Parties (COP 21) to the UNFCCC is expected to adopt a universal climate change agreement.

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Niger Basin Countries Adopt Climate Resilience Investment Plan [viewed]

wb_bassinniger27 October 2015: The countries of the Niger Basin have jointly developed a Climate Resilience Investment Plan (CRIP) that outlines 246 priority actions for building climate resilience. The nine member States of the Niger Basin Authority (NBA), Benin, Burkina Faso, Cameroon, Chad, Côte d'Ivoire, Guinea, Mali, Niger and Nigeria, collaborated on the Plan and pledged to advocate for technical and financial support to implement its priority actions.

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October 2015 Climate Finance Update [viewed]

adb_afdb_eib_ebdr_idb_cbd_wb_gcf_pmr_af_ifad_unepdtu_unfccc_un2 November 2015: During the month of October, the Asian Development Bank (ADB), the African Development Bank (AfDB), the European Investment Bank (EIB), the European Bank for Reconstruction and Development (EBRD), the Inter-American Development Bank (IDB), the Caribbean Development Bank (CDB), the World Bank, the Green Climate Fund (GCF), the Adaptation Fund and others reported on funding, project news and other climate-related finance developments. Multilateral development banks, environmental funds and UN entities also released studies, newsletters and reports on, inter alia, food security, access to finance, green bonds, black carbon and private sector climate finance.

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