Finance

Senior Arctic Officials Advance Arctic Council Agenda [viewed]

Arctic Council23 October 2015: The Senior Arctic Official's meeting, which convened from 20-22 October 2015, in Anchorage, Alaska, brought together senior representatives from the eight Arctic States and the Permanent Participants (six organizations representing Arctic Indigenous peoples) to advance the work of the Arctic Council. The meeting was also the Council's first plenary meeting under US Chairmanship (2015-2017).

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Adaptation Fund, AfDB Supporting Climate Finance Readiness [viewed]

Adaptation Fund23 October 2015: The Adaptation Fund and the African Development Bank Group (AfDB), through its Africa Climate Change Fund (ACCF), are supporting initiatives to build the capacity of African countries to attract financing for and implement projects for climate change adaptation.

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LAC Regional Workshop Discusses Sustainable Transport and Climate Mitigation [viewed]

leds_slocat20 October 2015: A webcast regional workshop, sponsored by the Partnership on Sustainable Low Carbon Transport (SLoCaT) and several other partners, discussed prospects in Latin America for sustainable transport actions to mitigate climate change. The workshop was held on 13 October 2015, in Punta Cana, Dominican Republic, and was webcast to 75 participants in 15 Latin American countries by Finanzas Carbono.

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ADP 2-11 Issues Non-Papers for Basis of Work in Paris [viewed]

adp2-1123 October 2015: Parties to the UNFCCC met for the 11th part of the second session of the Ad Hoc Working Group on the Durban Platform for Enhanced Action (ADP 2-11) in Bonn, Germany, to continue negotiations on the agreement of the Paris Climate Change Conference. At the end of the week-long meeting, Parties issued two non-papers, one containing draft agreement text and draft decision text related to the agreement (workstream 1 of ADP's mandate) and the other containing draft decision text related to pre-2020 ambition (workstream 2).

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US, Pakistan Form Clean Energy Partnership [viewed]

us-pakistan22 October 2015: The US and Pakistan released a joint statement on a range of issues, including: security; trade and investment; education, science and technology; clean, efficient and affordable energy; efforts to combat climate change; and people-to-people and cultural ties. In the statement, US President Barack Obama and Prime Minister of Pakistan Nawaz Sharif reinforce their commitment to an enduring US-Pakistan partnership, a prosperous Pakistan and a more stable region.

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IEA: INDCs Could Triple Energy Intensity Improvement [viewed]

IEA21 October 2015: Full implementation of the intended nationally determined contributions (INDCs) submitted to the UN Framework Convention on Climate Change (UNFCCC) by mid-October would decouple power sector emissions from electricity demand, according to a special briefing by the International Energy Agency (IEA). However, based on IEA's estimates, the cumulative effect of implementing all INDCs submitted by mid-October also would lead to an average global temperature increase of around 2.7°C, which falls short of the “major course correction necessary” to stay below an average global temperature rise of 2°C.

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GEF Council Approves Regional Programme to Protect Amazon [viewed]

GEF21 October 2015: The Global Environment Facility (GEF) Council has approved a “first-of-its-kind” multi-million dollar project to help protect over 80% of the Amazon and combat climate change. GEF says it will commit US$113 million for the Amazon Sustainable Landscapes Program, a regional programme covering Brazil, Colombia and Peru, which is expected to leverage US$682 million in additional financing over five years.

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US Companies Join 'Act on Climate' Pledge [viewed]

USA Flag19 October 2015: The US announced new commitments from companies that are joining the American Business Act on Climate Pledge, bringing the total number of US companies that have signed onto the pledge to 81. Together, these companies have operations in all 50 US states, employ over nine million people, represent more than US$3 trillion in annual revenue, and have a combined market capitalization of over US$5 trillion.

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Saudi Arabia, France Affirm Support for Ambitious Paris Outcome [viewed]

saudi_france.pnf13 October 2015: Saudi Arabia and France issued a Joint Communiqué reaffirming their support for an "ambitious, equitable and successful" outcome at the Paris Climate Change Conference in December 2015. The Communiqué was announced at the second session of the France-Saudi Arabia Joint Commission.

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Event: FCPF Participants Assembly and Participants Committee Meeting [viewed]

Organized by the Forest Carbon Partnership Facility (FCPF), the twentieth meeting of the Participants Committee is expected to address the readiness package of Costa Rica and mid-term progress reports with requests for additional funding by Chile, Mozambique and Nepal. The eighth meeting of the Participants Assembly is expected to hear reports and address administrative and legal matters. A joint FCPF/UN-REDD Programme Knowledge Exchange Day is scheduled for 8 November.  

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