Finance

CDM Executive Board Urges Countries to Recommit to the CDM [viewed]

UNFCCC28 November 2014: The Clean Development Mechanism (CDM) Executive Board has called on countries to renew their commitment to the CDM, highlighting its effectiveness and continuing role in reducing greenhouse gas (GHG) emissions and contributing to sustainable development as well as its potential to effectively serve the ultimate objective of the UNFCCC.

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UN Climate Change Conference Opens in Lima, Peru [viewed]

UNFCCC1 December 2014: The UN Climate Change Conference opened in Lima, Peru, and will continue through 12 December. Delegates are expected “to lay the foundation” for a new climate agreement in Paris in 2015, work towards streamlining elements of a draft agreement for Paris and explore common ground on unresolved issues in order to achieve a balanced draft text.

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AfDB, World Bank Partner to Improve Hydromet Services in Africa [viewed]

AfDB27 November 2014: The African Development Bank (AfDB) and the World Bank held a seminar on improving Africa's hydrological and meteorological systems in order to capture weather and climate data and disseminate information to assist in development planning. Discussions emphasized the critical role of hydrometeorological services in providing information to support economic development and build resilience in many sectors in Africa, including disaster risk reduction and management, water, agriculture, transport, energy, public health and aviation safety and security.

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UNFCCC Publishes Addendum to GEF Report to COP 20 [viewed]

UNFCCC25 November 2014: The UNFCCC Secretariat has released an addendum to the report of the Global Environment Facility (GEF) to the 20th session of the Conference of the Parties (COP 20) to the UNFCCC, containing information on consultations between the GEF and the Climate Technology Center and Network (CTCN). The report discusses a workshop that was co-organized by the GEF Secretariat and the CTCN, during which participants considered, inter alia, joint efforts and cooperation to accelerate climate-related technology transfer.

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IPCC Publishes Full Report on Climate Change Mitigation [viewed]

IPCC28 November 2014: The Intergovernmental Panel on Climate Change (IPCC) has published the full version of Working Group III's (WG III) contribution to the IPCC Fifth Assessment Report (AR5), titled ‘Climate Change 2014: Mitigation of Climate Change,' in advance of the UN Climate Change Conference in Lima, Peru. The report explores solutions involved in climate change mitigation based on a comprehensive assessment of the relevant scientific, technical and socioeconomic literature and describes the costs, benefits, risks and trade-offs of alternative policy options.

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Spain Announces EUR120 Million Pledge to GCF [viewed]

spanish-flag28 November 2014: The Government of Spain has pledged to commit €120 million to the Green Climate Fund (GCF), bringing total GCF contributions to US$9.7 billion equivalent. The announcement was made in advance of the 20th session of the Conference of the Parties (COP 20) to the UNFCCC, which is opening in Lima, Peru, on 1 December 2014, and just after the first GCF pledging conference, which took place in Berlin, Germany, on 20 November 2014.

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CIFOR Explores REDD+ Engagement in Peru and Indonesia [viewed]

CIFORDecember 2014: Ahead of the 20th session of the Conference of the Parties to the UNFCCC in Lima, Peru, the Center for International Forestry Research (CIFOR) released two info briefs on REDD+, one focusing on Indonesia, and the other on Peru.

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November 2014 Climate Finance Update [viewed]

adb-eib-idb-wb-ifad-unidoNovember 2014: During November 2014, the African Development Bank (AfDB), the International Fund for Agricultural Development (IFAD), the UN Industrial Development Organization (UNIDO) and the World Bank reported on project approvals and progress in ongoing projects in Africa and Asia. AfDB, the Asian Development Bank (ADB), the European Investment Bank (EIB), the Inter-American Development Bank (IDB) and the World Bank launched publications on, inter alia, climate adaptation technologies, urban climate resilience and climate finance.

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European Parliament Adopts Resolution on Lima Climate Change Conference [viewed]

european-parliament26 November 2014: The European Parliament adopted a resolution stating that the climate change talks being held in Lima, Peru, should pave the way for negotiators to adopt an agreement in 2015 that will limit global average temperatures to warming of less than 2°C. The resolution calls for a 2015 agreement that aims to phase out global carbon emissions by 2050 and reiterates that the European Union (EU) is committed to reducing its greenhouse gas (GHG) emissions to 80-95% below 1990 levels by 2050.

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UNFCCC Releases Technical Paper on Actions with High Mitigation Potential [viewed]

UNFCCC26 November 2014: The UNFCCC Secretariat has released an updated technical paper compiling information on actions, initiatives and options for enhancing mitigation ambition and outlining their mitigation potential (FCCC/TP/2014/13). The technical paper, which updates similar compilations from 2013, will inform the work of the Ad Hoc Working Group on the Durban Platform for Enhanced Action (ADP) on raising pre-2020 ambition at the seventh part of its second session (ADP 2-7).

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