Finance

ECOSOC Discusses 2030 Agenda, Paris Agreement, Sendai Framework in Addressing El Niño Impacts [viewed]

ECOSOC6 May 2016: During a Special Meeting hosted by the UN Economic and Social Council (ECOSOC), experts analyzed the effects of the 2015/2016 El Niño phenomenon, which has affected over 60 million people. The event, titled 'Impacts of the 2015/16 El Niño Phenomenon: Reducing Risks and Capturing Opportunities,' was mandated by the UN General Assembly (UNGA) to consider the socioeconomic and environmental dimensions of El Niño, as well as the resilience measures undertaken by countries to confront it.

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Event: Dialogue for Climate Action [viewed]

This Dialogue, which is organized by the World Bank Group, will bring together businesses, governments and civil society to discuss policies that promote climate-friendly actions. The aim of the Dialogue is to determine how best to engage industries and others in order to stimulate climate-efficient industries and improve sector competitiveness, as well as ensure greater alignment and cooperation between the private sector and national goals. The conference will also officially launch the 'Vienna Principles for Dialogue on Climate Action,' which were developed by the World Bank Group and partners to help foster dialogues among the public and private sectors through a common standard/framework to improve the ability of companies to play an active role in designing policies and initiatives that tackle climate change. The World Bank publication 'A Greener Path to Competitiveness' will also be launched during the Dialogue.  

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Adaptation and Loss and Damage Update: Urban Resilience, DRR Enter the Limelight; Potentially Irreversible Harm Exposed [viewed]

adaptation_loss_damage 4 May 2016: The first target under Sustainable Development Goal (SDG) 13 (Take urgent action to combat climate change and its impacts) is to strengthen resilience and adaptive capacity to climate-related hazards and natural disasters in all countries. Much of the news on adaptation and loss and damage coming out of the month of April contributed to the implementation of this target, including projects promoting climate resilience in urban and rural settings, and resilience in the field of agriculture.

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UNEP Releases 2015 Annual Report [viewed]

UNEPMay 2016: The UN Environment Programme's (UNEP) annual report for 2015 provides examples of partnerships and global outlooks deemed critical for implementing the Paris Agreement on climate change and the 2030 Agenda for Sustainable Development, including its Sustainable Development Goals (SDGs).

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Sustainable Energy Finance Update: Public Finance Leverages Private Flows to Renewables [viewed]

energy_finance1 May 2016: Universal access to affordable, reliable, sustainable and modern energy, the

seventh of the Sustainable Development Goals (SDGs) agreed last year, starts with access to finance. Looking at the sustainable energy finance news coming out of April, a number of initiatives went beyond simply funding projects. They also built the capacity of developing country governments and companies to develop energy efficiency, energy access and renewables projects that will qualify for finance. Similarly, many of the finance flows were intended to make projects more attractive to private sector investments, compounding the impact of public funds.

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CSOs Make Recommendations for HLPF, Reflect on National Reviews, Climate Synergies, Wetlands, FfD Forum [viewed]

Sustainable Development Goals (SDGs)3 May 2016: A group of NGOs made recommendations for the High-Level Political Forum on Sustainable Development (HLPF) and a multi-level review system. Other recent contributions from civil society organizations and researchers include: the results of Together 2030's Perceptions Survey; a brief on the synergies between development goals and climate action; a report on wetlands and the Sustainable Development Goals (SDGs); and a critique of the inaugural UN Economic and Social Council (ECOSOC) Forum on Financing for Development (FfD) follow-up (FfD Forum).

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April 2016 Climate Finance Update: Key Meetings Mobilize Action, Adaptation Put under the Spotlight [viewed]

climate_finance_april_20161 May 2016: In the Paris Agreement, agreed upon by 195 UN Member States in December 2015, countries agreed to make “finance flows consistent with a pathway towards low greenhouse gas (GHG) emissions and climate-resilient development.” Developing countries will receive financial resources for both mitigation and adaptation actions, while developed countries are expected to continue to lead in mobilizing climate finance from a variety of sources, with public funds playing a significant role in reaching the previously agreed US$100 billion annual target by 2020. Monthly IIDS RS Climate Finance Updates aim to help track multilateral financing to support the finance goal agreed under the UNFCCC, which will in turn contribute to the implementation of Sustainable Development Goal (SDG) 13 (Take urgent action to combat climate change and its impacts).

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FAO, Mountain Partnership to Launch Mountain Funding Facility [viewed]

fao_mountain27 April 2016: The Food and Agriculture Organization (FAO) and the Mountain Partnership Secretariat announced plans to launch a Mountain Facility, or funding mechanism, to address the increasing threat of hunger in mountain regions in developing countries.

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ECLAC Caribbean Committee Highlights National Ownership, Coordination for 2030 Agenda [viewed]

1280784375ECLAC_logo22 April 2016: Senior government officials shared their perspectives on sustainable development priorities in the Caribbean, during the 26th session of the Caribbean Development and Cooperation Committee (CDCC), a subsidiary body of the UN Economic Commission for Latin America and the Caribbean (ECLAC). Among other priorities, participants stressed national ownership and integrated planning, and suggested addressing debt management through a Caribbean Resilience Fund.

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Major Economies Forum Considers Paris Agreement Implementation [viewed]

major_economies_forum24 April 2016: Two days after 175 Parties to the UNFCCC signed the Paris Agreement, the Major Economies Forum on Climate and Energy (MEF) met in New York, US, and contemplated how to continue the momentum ushered in by the adoption of the Agreement by the 21st session of the Conference of the Parties to the UNFCCC (COP 21). The 24 April meeting was the first time the MEF, which includes the world's largest emitters, convened since the Agreement was adopted in December 2015.

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