Finance

CEOs, Finance Ministers Address Climate Change at World Bank, IMF Meetings [viewed]

WB and IMF13 October 2014: The 2014 Annual Meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF) tackled some of the most pressing issues and risks facing the world today, such as the Ebola epidemic, unrest in the Middle East, climate change and lack of money for critical infrastructure.

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European Commission Calculates EU Energy Costs and Subsidies [viewed]

EC13 October 2014: The European Commission has released a report that quantifies public interventions in energy markets. As the first study to provide data on energy costs and subsidies for all 28 EU member States and power generation technologies, the report seeks to enhance understanding on the functioning of energy markets and the size and effect of government interventions across the Union.

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Event: IEA World Energy Outlook 2014 Launch [viewed]

The International Energy Agency's (IEA) 'World Energy Outlook 2014' (WEO 2014) report will be launched on 12 November. The 2014 edition will comprise an analysis of medium- and longer-term energy trends, including latest data and developments of relevance for energy security, the economy and the environment. The report will cover: oil, natural gas and renewables; energy efficiency; energy-related carbon dioxide (CO2) emissions; fossil-fuel and renewable energy subsidies; and universal access to modern energy services. WEO 2014 will also provide in-depth analyses on energy sector investment, Africa and nuclear power. The WEO Special Reports 'World Energy Investment Outlook' and 'Africa Energy Outlook' were released on 3 June and 13 October 2014, respectively.  

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Climate and Development in Africa Conference Focuses on Food Security [viewed]

UNECA10 October 2014: The fourth conference on Climate Change and Development in Africa (CCDA-IV) focused on how the continent can feed itself, especially under a changing climate. The conference addressed the connections between climate and agriculture, examining how climate-smart agriculture can increase resilience, how climate change will affect the livelihoods and food security of vulnerable populations, and how climate knowledge can bolster agricultural productivity.

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BASIC Ministers Prepare for Lima [viewed]

South African Flag10 October 2014: Ministers from the four BASIC (Brazil, South Africa, India and China) countries convened for the group's 19th Ministerial Meeting on Climate Change to discuss: issues relating to the UNFCCC negotiations; matters relating to the Ad Hoc Working Group on the Durban Platform for Enhanced Action (ADP); and key topics emerging from the negotiations and informal consultations.

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UNEP, Partners Offset CBD COP 12 Emissions [viewed]

unep-cbd7 October 2014: The UN Environment Programme (UNEP), together with several partners, has launched an initiative aimed at reducing the carbon footprint of the 12th meeting of the Conference of the Parties (COP 12) to the Convention on Biological Diversity (CBD). A dedicated ‘Carbon Offsetting Fund' will operate though 17 October, seeking to encourage conference participants, as well as the general public, to offset their emissions resulting from the event.

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Event: 2014 APEC Economic Leaders' Week [viewed]

The 2014 Asia-Pacific Economic Cooperation (APEC) Economic Leaders' Week, hosted by China, will take place in Beijing from 5-11 November, and will include several high-level and other meetings, convened under the theme 'Shaping the Future through Asia-Pacific Partnership'. Key events taking place during the week are: the Concluding Senior Officials' Meeting (CSOM), from 5-6 November; the 26th APEC Ministerial Meeting (AMM), from 7-8 November; and the 22nd APEC Economic Leaders' Meeting (AELM), from 10-11 November. Other events hosted during the week include: the APEC CEO Summit, from 8-10 November; APEC Business Advisory Council (ABAC) Dialogue with Leaders; and Leaders' spouse programs. The Leaders' Week will also mark the culmination of the 2014 APEC China Year. APEC's 21 member economies are: Australia, Brunei Darussalam, Canada, Chile, People's Republic of China, Hong Kong, Indonesia, Japan, Republic of Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, the Philippines, the Russian Federation, Singapore, Chinese Taipei, Thailand, the US and Viet Nam.  

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Event: Workshop for Energy Regulators: Energy Pricing, Reform and Transition [viewed]

This expert group meeting on fuel price reform and renewable energy energy transitions, taking place from 29-31 October 2014, is organized by the UN Office of Sustainable Development (UNOSD), in partnership with the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) and the Global Subsidies Initiative (GSI) of the International Institute for Sustainable Development (IISD). The workshop will specifically focus on fuel pricing reform as a measure necessary for the transition to renewable energy, and complements a UNOSD workshop series on 'Fossil Fuels to Renewable Energy Transitions'. The workshop also builds on work by the organizing partners to build a network of fuel price regulators, and will benefit policymakers from approximately 20 African and Asian countries. Themes covered are: technical issues associated to energy policy; energy transition and political economy of reforms; and reform lessons and work plan building.  

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European Forum Progresses on Regional Consensus for Post-2015 DRR Framework [viewed]

UNISDR9 October 2014: The 5th European Forum for Disaster Risk Reduction (EFDRR) has called for joint action to face the challenges of climate change, sustainable development and disaster risk reduction (DRR). Participants discussed the role of science, the use of national platforms to coordinate policy among different stakeholders, and the need for greater interaction with other international negotiations, particularly those on climate change.

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World Bank Links Energy Subsidy Reform to Job Creation in MENA Region [viewed]

World Bank8 October 2014: A study by the World Bank finds evidence of a positive relationship between fuel prices, per capita gross domestic product (GDP) growth and job creation, and encourages the governments of the Middle East and North Africa (MENA) region to cut energy subsidies in order to build dynamic, employment-intensive economies. The study, titled ‘Corrosive Subsidies,' also projects economic growth in the MENA transition countries to be hampered by macroeconomic imbalances and unfinished subsidy reform.

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