Finance

Petersberg Climate Dialogue Addresses Expectations for Lima [viewed]

german-ministry-logo17 July 2014: The fifth Petersberg Climate Dialogue, which met under the theme 'Addressing the urgency – stepping up our contributions,' aimed to introduce new ideas in the UN climate negotiations and discuss new strategies in preparation for the upcoming UN Climate Change Conference scheduled to take place in Lima, Peru, in December 2014. In her statement to ministers at the event, German Federal Chancellor Angela Merkel pledged €750 million to climate change and the initial capitalization of the Green Climate Fund (GCF), noting that this is in addition to the €3.2 billion Germany has already contributed to climate efforts in recent years.

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CCAC Approves New Initiative on Short-lived Climate Pollutants in Cities [viewed]

CCAC17 July 2014: A meeting of the Working Group of the Climate and Clean Air Coalition to Reduce Short-Lived Climate Pollutants (CCAC) shared updates on partner initiatives and discussed preparations for key climate meetings in September 2014. The working group also agreed to a new initiative concept on addressing short-lived climate pollutants (SLCPs) in cities.

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IDB, EARTH University Open Green Youth Innovators Contest [viewed]

greenovators17 July 2014: The Inter-American Development Bank (IDB) and the EARTH University of Costa Rica are inviting young innovators to develop projects to combat climate change in Latin America and the Caribbean in the ‘Green youth innovators contest.'

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Major Economies Forum Focuses on Finance, Nationally-Determined Contributions [viewed]

major-economies12 July 2014: Seventeen of the world's largest economies met for the 19th meeting of the Major Economies Forum (MEF) on Energy and Climate. This iteration of the MEF focused on reaching the political consensus needed for a successful outcome at the 20th session of the UNFCCC's Conference of the Parties (COP 20) in Lima, Peru, in December 2014.

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Mitigation Partnership's Asian Workshop Provides MRV Training [viewed]

Partnership on Mitigation and MRV9 July 2014: The 'Asian Regional Workshop: Tracking Mitigation Actions in Asia' brought together participants from Bhutan, China, Indonesia, Japan, the Philippines, Singapore, Thailand and Viet Nam to hear from experts and share experiences on measuring, reporting and verification (MRV) of climate change mitigation actions.

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Australia Assesses Barriers to Renewable Energy Integration in Asia-Pacific [viewed]

Australian Flag7 July 2014: The Bureau of Resources and Energy Economics (BREE) in Australia released an assessment of the costs of generating renewable energy in China, India, Indonesia, Japan, the Republic of Korea and Australia.

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European Commission Quantifies Cost of Climate Impacts [viewed]

European Union 25 June 2014: Climate change-related damage could cost the EU €190 billion or more unless further climate action is taken, according to a study by the European Commission's Joint Research Centre (JRC). The study seeks to quantify the biophysical impacts of climate change on household welfare and economic activity by examining climate impacts on ten sectors in five EU regions through a broad set of climate model simulations.

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ADB Workshop Focuses on Transport, Energy NAMAs in Central Asia [viewed]

ADB18 June 2014: Forty policy makers from Azerbaijan, Kazakhstan and Uzbekistan participated in the regional workshop on 'NAMA Readiness and Investment Training for Mitigation Activities in the Energy and Transport Sectors.' Participants learned about the design, implementation and monitoring of Nationally Appropriate Mitigation Actions (NAMAs), shared regional NAMA experience and progress, and discussed the financing of NAMA components.

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BRICS Launch Development Bank [viewed]

vi-brics-summit16 July 2014: The Sixth BRICS Summit resulted in the establishment of the New Development Bank, which is to finance infrastructure and sustainable development projects in BRICS and other emerging and developing economies. The Summit also launched a BRICS Contingent Reserve Arrangement (CRA), and issued a declaration outlining the five countries' common position on a number of global issues, including climate change and sustainable energy.

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EEA Highlights Employment, Innovation Benefits of a Green Economy [viewed]

EEA15 July 2014: The European Environment Agency (EEA) has released a report, titled 'Resource-efficient green economy and EU policies,' which describes a range of policies with environmental and economic benefits that can help Europe create jobs and encourage innovation.

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