Finance

Bloomberg New Energy Finance Releases New Energy Outlook 2015 [viewed]

bloombergnewenergyfinance23 June 2015: Bloomberg New Energy Finance (BNEF) has published its New Energy Outlook (NEO) 2015, which is a long-term forecast of the global energy sector. BNEF emphasizes five "seismic shifts" projected in the electricity sector over the next 25 years, based on analysis of expected demand, costs of generation and structural changes to the electricity system. The authors predict $12.2 trillion will be invested in global power generation through 2040, with 78% invested in emerging markets and 66.7% in renewables.

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Lancet Commission: Tackling Climate Change the Greatest Health Opportunity [viewed]

thelancet22 June 2015: The 2015 Lancet Commission on Health and Climate Change was established to map out the impacts of climate change and the necessary policy responses to ensure the highest attainable health standards worldwide. The Commission has released a report titled ‘Health and climate change: policy responses to protect public health,' identifying key messages and recommendations to accelerate action in the next five years.

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World Bank, IEA Rank Asia as Top Sustainable Energy Performer [viewed]

world-bank-iea18 June 2015: The World Bank and the International Energy Agency (IEA) published the second edition of the ‘Sustainable Energy for All Global Tracking Framework,' which evaluates global progress toward the three goals of the Sustainable Energy for All (SE4ALL) initiative. The report, which focuses on the period 2010-2012, finds that Asia was the best performing region, accounting for approximately 60% of the global progress on energy access and clean energy objectives.

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Malawi, Partners Assess Flooding Loss and Damage, Recovery Costs [viewed]

gfdrr-eu-un18 June 2015: With technical support from the World Bank Global Facility for Disaster Reduction and Recovery (GFDRR), the UN and the EU, the Government of Malawi carried out a Post-Disaster Needs Assessment (PDNA) in the aftermath of the 2015 floods in Malawi, launching the findings on 18 June 2015, in Malawi. The assessment aimed to quantify the loss and damage from the floods, and estimate recovery and reconstruction costs. The assessment shows total loss and damage of US$335 million, while total recovery and reconstruction costs are approximately US$494 million.

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Montpellier Declaration Urges Coordinated Action on Climate Change, Land Degradation [viewed]

desertifactions13 June 2015: More than 300 participants from 57 countries attending Désertif'actions 2015 (D'a15) - an international civil society forum on combating desertification and land degradation - adopted the Montpellier Declaration, highlighting the “undeniable link” between land degradation, sustainable development and international stability, “in a context of present and future impacts of global warming.”

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Vienna Energy Forum Focuses on Sustainable Energy for Inclusive Development [viewed]

viena-energy-forum20 June 2015: The Vienna Energy Forum (VEF), organized by the UN Industrial Development Organization (UNIDO), the Austrian Federal Ministry for European and International Affairs, the International Institute for Applied Systems Analysis (IIASA) and the UN Secretary-General's Sustainable Energy For All (SE4All) Initiative, convened under the theme ‘Sustainable Energy for Inclusive Development.'

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Asia Clean Energy Forum 2015 Celebrates Tenth Anniversary [viewed]

asia-energy-forum19 June 2015: The Asia Clean Energy Forum (ACEF) 2015 brought together energy professionals for the tenth time in Manila, the Philippines, to hear presentations by more than 200 speakers and share best practices relating to clean energy policy and regulatory frameworks, technology development and applications, and business models and finance. The event was hosted by the Asian Development Bank (ADB), and organized by ADB, the US Agency for International Development (USAID), the World Energy Council (WEC) and the Korea Energy Management Corporation (KEMCO).

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ECOSOC Humanitarian Affairs Segment Highlights Financing Needs, Sendai Framework [viewed]

ecosoc-has19 June 2015: The 2015 Humanitarian Affairs Segment of the UN Economic and Social Council (ECOSOC) adopted a resolution encouraging UN Member States to support climate change adaptation and strengthen early warning systems, welcoming the adoption of the Sendai Framework for Disaster Risk Reduction (DRR) 2015-2030 and the holding of the first World Humanitarian Summit in Istanbul, Turkey, in May 2016. It also called for integrating work on development and humanitarian issues.

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EU High-Level Event Considers Future Vehicle Emissions Policy [viewed]

ec18 June 2015: The European Commission held a high-level event on decarbonizing the European road transport sector, which is responsible for one quarter of the EU's energy consumption and approximately one fifth of its carbon dioxide (CO2) emissions. The event examined potential next steps for road-based climate change mitigation in the context of: the expected 2015 climate agreement; the goal to hold average temperature rise below 2°C compared to pre-industrial levels; and commitments by the Group of Seven (G7).

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Papal Encyclical Highlights Climate Change as Critical ‘Moral Issue' [viewed]

vatican18 June 2015: Pope Francis has released his encyclical, which calls on the Catholic world and "all men and women of good will” to address global environmental deterioration. The papal letter, titled ‘Laudato Si' or ‘Praised Be' (a reference to a prayer from the Pope's namesake St. Francis, the patron saint of ecology), declares that climate change is one of the principal challenges facing humanity and that the science of climate change is clear. Pope Francis adds that the Catholic Church views climate change as a moral issue that must be addressed in order to protect the Earth, "our common home."

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