Finance

IMF Stresses Role of Taxes for Sustainable Energy Pricing [viewed]

international.monetary.fund31 July 2014: The International Monetary Fund (IMF) has released a book for policy makers on how to use tax policy to ensure that energy prices properly reflect impacts on the environment and sustainable economic development.

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July 2014 Climate Finance Update [viewed]

EIB-CIF-AfDB-EBRD-World Bank-GEF31 July 2014: During July 2014, the European Investment Bank (EIB) and the Global Environment Facility (GEF) have reported on climate investments. Both the African Development Bank (AfDB) and European Bank for Reconstruction and Development (EBRD) announced partnerships with the Climate Investment Funds (CIF) for a variety of climate-related investments. The World Bank also announced additional funding to be provided by CIF.

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July 2014 Sustainable Energy Finance Update [viewed]

World Bank-EBRD-EIB-ADB-AfDB-IDB-CDB31 July 2014: During the month of July, the World Bank, the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), the Asian Development Bank (ADB), the African Development Bank (AfDB), the Inter-American Development Bank (IDB), the Caribbean Development Bank (CDB), the Government of Germany, and other donors undertook activities and approved funding for sustainable energy projects in Armenia, Austria, Brazil, India, Indonesia, Israel, Kyrgyz Republic, Nepal, Poland, Sri Lanka, Tajikistan, Tunisia and Uruguay, among other countries.

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UN-REDD Newsletter Highlights South-South Exchanges [viewed]

unredd1 August 2014: The UN Collaborative Programme on Reducing Emissions from Deforestation (UN-REDD) released the August 2014 edition of its newsletter, highlighting a regional workshop on National REDD+ Strategies for Latin America and the Caribbean.

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ECOSOC Recommends Upgrading Tuvalu from LDC Status [viewed]

tuvalu.flag31 July 2014: The Pacific Island Forum Secretariat (PIFS) has reported that the UN Economic and Social Council (ECOSOC) has recommended that Tuvalu no longer be considered a Least Developed Country (LDC).

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US Report Highlights Cost of Delaying Climate Action [viewed]

the-white-house29 July 2014: The White House Council of Economic Advisers has released a report that examines the economic consequences of delaying the implementation of policies aimed at combating climate change and reducing greenhouse gas (GHG) emissions, and emphasizes the urgency of taking policy action on climate change.

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Pacific Adaptation to Climate Change Project's Final Review Conducted [viewed]

PACC28 July 2014: The fifth and final multi-partite review of the Pacific Adaptation to Climate Change (PACC) Project, scheduled to finish in December 2014, was conducted in Nadi, Fiji. The PACC Project is a partnership funded by Australia and the Global Environment Facility (GEF), with the UN Development Programme (UNDP) as implementing agency and the Secretariat of the Pacific Regional Environment Programme (SPREP) as implementing partner.

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Mexico, California Enhance Cooperation on Climate Change [viewed]

california-mexico-flags28 July 2014: The Mexican Ministry of Environment and Natural Resources and its National Forestry Commission and the State of California, US, have signed a Memorandum of Understanding (MoU) on enhancing cooperation on climate change and the environment. The objective of the MoU is to promote bilateral actions in the areas of climate change, forest wildfires, air quality and clean transport through 2018.

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ADB Reviews its Energy Operations [viewed]

ADB24 July 2014: The '2014 Annual Evaluation Review (AER)' of the Asian Development Bank (ADB) reviews ADB's 2013 operational performance, features a chapter focused on its energy operations, and examines the dichotomy between green and brown growth in the Asian region. Overall, the AER finds that, while growth in many Asian countries is "threatened by high pollution levels, climate change, resource depletion and growing social inequality," growth does not have to come at the expense of environmental sustainability.

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UNIDO Magazine Focuses on Partnerships and Financing for Development [viewed]

UNIDOJuly 2014: The 16th edition of the UN Industrial Development Organization (UNIDO) Magazine, ‘Making It' focuses on the theme ‘Partnerships and Financing for Inclusive and Sustainable Industrial Development.' The issue highlights potential ways to address environmental and social challenges in a sustainable and lasting manner, including through partnering with the private sector and harnessing industry's potential to achieve sustainable development.

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