Finance

UN Highlights Rising South-South FDI Flows, Partnership Incubator [viewed]

un_ilo12 September 2016: Foreign direct investment (FDI) flows among countries of the global South is on the rise, despite the ongoing volatility of global financial markets, said UN Secretary-General Ban Ki-moon on the occasion of the UN Day for South-South Cooperation. Ban also highlighted the Southern Climate Partnership Incubator, a project facility launched by the UN Office for South-South Cooperation and the Office of the Secretary-General, which aims to support cooperation for climate action by developing countries.

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Global Green Growth Week 2016 Highlights Inclusive Growth, Financing, Renewables [viewed]

page_ggg_ggplatform9 September 2016: More than 1,200 participants gathered for the 2016 Global Green Growth Week (GGGWeek2016) to discuss the challenges of promoting growth that is socially inclusive, assessing renewable energy infrastructure projects, and channeling finance towards green growth objectives. Organized by the Global Green Growth Institute (GGGI), the Week included the fourth annual conference of the Global Green Growth Knowledge Platform (GGKP) and the Global Green Growth Summit.

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Mitigation Update: Pricing Emissions in Focus, Climate Pledges Go Personal [viewed]

ieta_eea_adb_icao_imo_vatican9 September 2016: Over the last couple of weeks, a number of events, initiatives and publications have highlighted the role of market mechanisms in reducing greenhouse gas (GHG) emissions and other pollutants. In addition, both Pope Francis and the UNFCCC Secretariat are encouraging climate action on an individual level.

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G20 Green Finance Study Group Presents Findings [viewed]

g20-20165 September 2016: Green finance has garnered the attention of the Group of Twenty (G20), as the G20 Green Finance Study Group (GFSG) was established under the 2016 Chinese Presidency. The GFSG released its 'G20 Green Finance Synthesis Report' at the G20 Summit, and, for the first time, the Summit's annual communiqué references the importance of green finance.

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Ahead of COP 22, African Ministers Stress Climate-Smart Ocean Economies [viewed]

worldbank_mauritius2 September 2016: African Ministers have adopted a communiqué that emphasizes the importance of building climate-smart ocean economies for sustaining the lives of millions of Africans. The Mauritius Communiqué was agreed at the conclusion of the conference 'Towards COP 22: African Ministerial Conference on Ocean Economies and Climate Change.'

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African Ambassadors Prepare for COP 22 [viewed]

afdb_uneca_cop2231 August 2016: An information session for African ambassadors based in Morocco convened in preparation for the 22nd session of the Conference of the Parties (COP 22) to the UNFCCC. The session sought to prepare African countries to participate in the COP, support efforts to coordinate participation among countries and discuss the stakes for Africa. The session was organized by the African Development Bank (AfDB) and the UN Economic Commission for Africa (ECA), in partnership with the COP 22 Steering Committee.

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G20 Leaders Reaffirm Commitments to Climate, Sustainable Development, Clean Energy, Green Finance [viewed]

g20-20165 September 2016: As leaders from the Group of Twenty (G20) gathered for their 11th Summit in Hangzhou, China, on 4-5 September, there was no shortage of pressure from non-state actors for the Group to place climate change and related issues prominently on the agenda. The outcomes from the Summit indicate that these issues were central to many of the discussions, but the final commitments did not go as far as some had hoped.

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Sustainable Energy Finance Update: MDBs Offer Broad Energy Sector Support; Off-Grid, Transport, Industry Receive Boost [viewed]

Sustainable_energy_finance1 September 2016: The month of August saw several financing announcements that, instead of focusing on a single project, will support many aspects of the energy sector in several countries, in the context of economic and infrastructure development. In addition, this Update reports on various initiatives that will support the expansion of off-grid energy access, “green” the public transport sector and increase industrial efficiency. It also includes a new 'Go-To Resources' section, which lists newly-released sources of information related to sustainable energy project development.

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Adaptation and Loss and Damage Update: COP 22 Preparations Pick Up Speed; Regions Enhance DRM Cooperation [viewed]

unisdrs_unfccc_pifs1 September 2016: With the 22nd session of the Conference of the Parties (COP 22) to the UNFCCC to be held in Marrakesh, Morocco, from 7-18 November 2016, less than three months away, preparations are underway. The UNFCCC Secretariat has released a number of meeting documents, and Parties have been submitting their views on a range of issues, including the Nairobi Work Programme (NWP) on impacts, vulnerability and adaptation to climate change. The outcomes of several upcoming September meetings will also feed into the Marrakesh Climate Change Conference.

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US Meets with India, Pacific Islands on Paris Agreement Implementation [viewed]

us_india_pifs2 September 2016: US leaders, including President Barack Obama, Secretary of State John Kerry and Special Envoy for Climate Change Jonathan Pershing, attended a number of meetings related to climate change in the past week, engaging with their counterparts at the second US-India Strategic and Commercial Dialogue (S&CD) and at the 10th Pacific Islands Conference of Leaders meeting.

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