Finance

China, India, Russia Reaffirm Commitment to SDGs, Climate Change [viewed]

india_china_russia19 April 2016: The foreign ministers of China, India and the Russian Federation reaffirmed their commitment to implementing the 2030 Agenda for Sustainable Development and its Sustainable Development Goals (SDGs) and the Paris Agreement on climate change, in a Joint Communiqué. The Ministers agreed on the need to further strengthen cooperation on global and regional issues while respecting independent choices of development path and social systems by people of all countries.

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Organization of Islamic Cooperation Commits to Implementing SDGs, Welcomes Paris Agreement [viewed]

oic15 April 2016: Heads of State and Government of the Organization of Islamic Cooperation (OIC) welcomed the adoption of the 2030 Agenda for Sustainable Development and its 17 Sustainable Development Goals (SDGs) at the OIC's 13th Islamic Summit. In the Conference's Final Communiqué, participants supported actions to address climate change and implement the SDGs, among others.

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Vulnerable Countries Urge Financial Responses to Climate Change Consistent with 1.5°C Limit [viewed]

v2014 April 2016: Finance ministers of the Vulnerable Twenty (V20) Group consisting of 43 developing countries 'systemically' vulnerable to climate change have agreed to advance climate change responses through financial action compatible with the goal of keeping the global temperature rise below 1.5°C above preindustrial levels, calling for swifter progress towards the developed countries' commitment of US$100 billion annually.

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Inaugural FfD Forum Begins with 2030 Agenda Challenges, Implementation, Follow-Up [viewed]

ECOSOC18 April 2016: The inaugural session of the UN Economic and Social Council (ECOSOC) forum on financing for development follow-up (FfD Forum) opened in New York, US, with ministers, high-level officials, heads of UN departments and agencies and other stakeholders discussing current global economic challenges, including slow economic growth and massive waves of forced migration, the need for concerted action, and innovative development financing options, as well as their contributions to the implementation of the 2030 Agenda for Sustainable Development and the Addis Ababa Action Agenda (AAAA).

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Spring Meetings Address Humanitarian-Development Link [viewed]

wb_imf17 April 2016: The refugee crisis, a slowing economy and other global challenges were in focus for the central bankers, ministers of finance and development and civil society representatives participating in the 2016 World Bank Group - International Monetary Fund (IMF) Spring Meetings.

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World Bank Announces Five-Year Forest Action Plan [viewed]

world_bank_new6 April 2016: The World Bank Group has released the 'Forest Action Plan FY16-20,' which aims to integrate the sustainable management of forests more fully into the Bank's development priorities over the next five years.

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February-April 2016 NAMA Update: NAMAs Receive Growing Attention as Implementation Tools Post-Paris [viewed]

feb_nama_update201615 April 2016: Nationally appropriate mitigation actions (NAMAs) by developing countries, first introduced in the UN Framework Convention on Climate Change (UNFCCC) Cancun Agreements, are becoming an increasingly important vehicle supporting the implementation of the Paris Agreement, with significant co-benefits for the 2030 Agenda for Sustainable Development due to their alignment with national development strategies. This update focuses on individual NAMAs, and related support, events and activities, for the period from mid-February 2016 to mid-April 2016.

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Banks Pledge US$7 Billion for Clean Energy, World Bank Adopts Climate Change Action Plan [viewed]

bloomberg_wbg7 April 2016: A number of private banks and the World Bank Group (WBG) have announced initiatives that will contribute to implementing the Paris Agreement on climate change, which was adopted in December 2015, as well as various Sustainable Development Goals (SDGs). By pledging US$7 billion, a group of eight banks and investors have joined the Bank of America's initiative aimed at stimulating US$10 billion for investments in clean energy and sustainable development. For its part, the WBG has announced its Climate Change Action Plan, which aims to support countries in delivering on their national climate plans, also referred to as Nationally Determined Contributions (NDCs) under the UNFCCC, and sets ambitious targets for 2020 in high-impact areas, including clean energy, green transport, climate-smart agriculture and urban resilience.

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Member States Negotiate FfD Forum Outcome [viewed]

FfD13 April 2016: UN Member States have continued negotiations on the conclusions and recommendations of the upcoming UN Economic and Social Council (ECOSOC) Forum on Financing for Development Follow-up (FfD Forum). A draft outcome, which was circulated on 7 April 2016, is the subject of ongoing consultations. Jean-Francis Regis Zinsou, Permanent Representative of Benin, and Vladimir Drobnjak, Permanent Representative of Croatia, are co-facilitating the consultations.

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Adaptation and Loss and Damage Update: Adaptation Committee and LDC Expert Group Begin Work under Paris Mandate, Climate Change Adaptation, DRR and Sustainable Development Interlinkages Come to the Fore [viewed]

unfccc_unu_undp_une-_wcmc9 April 2016: Alongside the long-term goal of limiting temperature increase to well below 2°C above pre-industrial levels by 2100, the Paris Agreement on climate change includes a long-term adaptation goal, namely that of "enhancing adaptive capacity, strengthening resilience and reducing vulnerability to climate change, with a view to contributing to sustainable development and ensuring an adequate adaptation response in the context of the temperature goal." Furthermore, the vast majority of national climate plans submitted in advance of Paris (or Intended Nationally Determined Contributions (INDCs)) included descriptions of countries' adaptation goals, priorities, actions and needs. This Adaptation Update is the first in a series that aims to track the implementation of the adaptation component of these INDCs, and progress towards the long-term adaptation goal of the Paris Agreement. The activities reported in this Update also contribute to the implementation of the Sustainable Development Goals (SDGs), especially SDG 13 (Take urgent action to combat climate change and its impacts), as well as SDG 1 (End poverty in all its forms everywhere), SDG 5 (Achieve gender equality and empower all women and girls) and SDG 10 (Reduce inequality within and among countries).

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