Finance

Event: Major Economies Forum on Energy and Climate (MEF) [viewed]

The first meeting of the MEF in 2015 is tentatively scheduled for 19-20 April 2015. The MEF intends to convene four times in 2015. The Forum, launched in 2009 by US President Barack Obama, is aimed at facilitating candid dialogue among major emitting countries, both developed and developing, to garner the political leadership needed to advance efforts against climate change. The 17 major economies participating are: Australia, Brazil, Canada, China, the EU, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russian Federation, South Africa, the UK and the US.  

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Ninth GCF Board Meeting Opens [viewed]

green-climate-fund-new24 March 2015: The ninth meeting of the Board of the Green Climate Fund (GCF) opened in Songdo, Republic of Korea, on 24 March. This meeting is the first since over US$10 billion was pledged to the Fund in late 2014, as part of the Fund's Initial Resource Mobilization (IRM). The meeting will focus on the remaining elements needed to begin approving programme and project proposals no later than the Board's 11th meeting.

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WCDRR Adopts Sendai Framework for Disaster Risk Reduction [viewed]

wcdrr_meeting19 March 2015: Representatives from 187 countries have adopted the ‘Sendai Framework for Disaster Risk Reduction 2015-2030,' making it the first major agreement of the post-2015 development agenda. The Framework, which was adopted following a marathon round of negotiations at the 3rd World Conference on Disaster Risk Reduction (WCDRR) held in Sendai, Japan, includes seven targets and four priorities for action.

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UNFCCC Circulates Draft Climate Agreement to Parties [viewed]

UNFCCC19 March 2015: The UNFCCC Secretariat has announced that the negotiating text for the anticipated 2015 climate change agreement has been translated into the six official UN languages and formally communicated to governments. The text was agreed as the basis for negotiations by the Ad Hoc Working Group on the Durban Platform for Enhanced Action (ADP) at the eighth part of its second session in February 2015.

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UNEP 'Our Planet' 2015 Focuses on SDGs [viewed]

UNEPMarch 2015: An integrated, universal approach to the Sustainable Development Goals (SDGs) and the post-2015 development agenda is essential, according to the 2015 issue of ‘Our Planet,' a publication from the UN Environment Programme (UNEP).

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UNIDO, GEF, IIASA Project to Identify Sustainability Solutions [viewed]

logos_gef_unido_iiasa11 March 2015: The Global Environment Facility (GEF), the International Institute for Applied Systems Analysis (IIASA) and the UN Industrial Development Organization (UNIDO) announced the launch of Nexus Solutions for Sustainability, a project to identify integrated solutions to energy, water, food and ecosystem security.

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Event: Climate and Sustainable Energy Finance Summer Academy 2015 [viewed]

Taking place for the sixth time, the 2015 Climate and Sustainable Energy Finance (CSEF) Summer Academy is organized by the Frankfurt School of Finance and Management within the framework of the Frankfurt School (FS) - UN Environment Programme (UNEP) Collaborating Centre for Climate & Sustainable Energy Finance. The 2015 Summer Academy will seek to provide participants with extensive knowledge on public and private sector climate finance on theoretical classroom learning, enhanced by practical sessions in financial modeling and case studies. The CSEF Summer Academy is part of UNEP-FS Centre's Development Finance Summer Academy series and will also include a panel discussion, two social programmes and a field trip.  

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UNFCCC Releases MRV Handbook for Developing Countries [viewed]

UNFCCC5 March 2015: The UNFCCC Secretariat has released a handbook outlining the key concepts, elements and requirements of the international climate change measurement, reporting and verification (MRV) framework. The handbook is intended to help developing countries efficiently and effectively implement the MRV framework.

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UNISDR Assessment: US$250-300 Billion/Year Lost From Disasters [viewed]

GAR154 March 2015: According to the 2015 Global Assessment Report on Disaster Risk Reduction (GAR15), economic losses from disasters amount to US$250-300 billion each year. The report, prepared by the UN Office for Disaster Risk Reduction (UNISDR) and launched by UN Secretary-General Ban Ki-moon, estimates that an annual investment of US$6 billion in disaster risk management would generate US$360 billion over the next 15 years through avoided losses.

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Progress Report Shows MDBs on Target To Meet Sustainable Transport Investment Goals [viewed]

progress-mdb2 March 2015: The eight multilateral development banks (MDBs) are on target to reach their goal of investing US$ 175 billion in sustainable transport over the decade from 2012-2022, according to a report jointly published by the MDBs. The report emphasizes how the MDBs' sustainable transport investments are supporting climate-resilient, low-carbon growth in developing countries.

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