Finance

ADF 9 Recommends Policies to Address Poverty, Attract Financing [viewed]

adfix16 October 2014: The UN Economic Commission for Africa's (ECA) Ninth African Development Forum (ADF IX) agreed the Marrakech Consensus, which outlines recommendations on fiscal policies and regulatory frameworks to address poverty and attract and deploy capital. The Forum, which convened under the theme ‘Innovative Financing for Africa's Transformation,' focused on: domestic resource mobilization, including for Africa's structural transformation; illicit financial flows (IFFs), private equity, partnerships and climate financing for Africa's adaptation and mitigation needs.

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Guest Article #114: Climate Finance for Global Impact [viewed]

GEF: US$3 Billion Climate Finance for Global Impact

Climate change is the defining challenge of our time. It is no longer a threat; it is already a reality. Atmospheric greenhouse gas (GHG) concentrations continue to increase at a rapid pace, and will exceed 400 ppm in the very near term.

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Sweden Announces US$550 Million GCF Contribution [viewed]

swedish flag22 October 2014: The Government of Sweden has announced its intention to increase Green Climate Fund (GCF) financing by approximately US$550 million (SEK 4 billion), for the Fund's initial resource mobilization process, and to allocate an additional SEK 500 million to international climate action.

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TEC Presents Recommendations on Linkages between Technology, Financial Mechanisms of UNFCCC [viewed]

UNFCCC21 October 2014: The UNFCCC Secretariat has published a document containing recommendations of the Technology Executive Committee (TEC) on the linkages between the Technology Mechanism and the Financial Mechanism of the Convention.

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Seychelles Qualifies for World Bank Resilience Financing [viewed]

World Bank15 October 2014: The World Bank announced that Seychelles has become the first African country to gain access to the Bank's contingency financing to help build resilience and better respond to natural disasters, such as cyclones, flooding and landslides. The financing will allow Seychelles to access a reserve of US$7 million in the aftermath of any natural disaster declared an emergency by the government.

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Event: India Clean Cookstoves Forum 2014 [viewed]

The India Clean Cookstoves Forum (ICCF) 2014, which aims to tackle barriers to the large-scale adoption of improved cookstoves (ICS) in India, will feature a practitioner workshop, conference and business model workshop. The practitioner workshop will take place on the first day and feature in-depth technical discussions on marketing, distribution networks, financing, gender and product design. Emphasis will be placed on increasing demand for and supply of ICS. The conference, to be held the second day, will focus on market transformation and ways to make ICS available in all Indian households. Representatives from Indian industry, business, banks, the government and the cookstove sector will offer their ideas for the best path to widespread adoption, through everything from marketing to government policies. On the third day, the business model workshop will serve to encourage, analyze and improve the business models of new entrepreneurs in this sector, to make them more attractive to investors. Expected participants at the Forum are practitioners, project developers, investors, banks, researchers, social enterprises, government, donor agencies, foundations and NGOs. The German International Cooperation (GIZ), Global Alliance for Clean Cookstoves, India's Ministry of New and Renewable Energy, Tata Trusts and the Shell Foundation are partnering to organize the Forum.  

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GCF Publishes Compilation of Submissions on Investment Framework [viewed]

green-climate-fund-newOctober 2014: The Green Climate Fund (GCF) has published a compilation of submissions on the Fund's investment framework. Following the adoption of the Fund's initial investment framework in August 2014, the GCF Board's Investment Committee is considering elements for further development of the framework, including: definitions for activity-specific sub-criteria and a set of activity-specific indicators; minimum benchmarks for each criterion, consideration of best practices of other institutions; and identification and comparison of methodologies for assessing the relative quality and innovativeness of comparable funding proposals in comparable circumstances.

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GCF Board Paves Way for Initial Resource Mobilization [viewed]

green-climate-fund-new18 October 2014: The eighth meeting of the Board of the Green Climate Fund (GCF) adopted decisions that form the foundation for robust capitalization, and endorsed the Fund's policies for receiving funding so that contributors can make pledges by the end of November.

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World Bank Organizes “Boot Camp” for Green Businesses in Viet Nam [viewed]

World Bank17 October 2014: The World Bank and the Asian Development Bank (ADB) have created a course to support Vietnamese businesses in developing sustainable energy-related solutions and adaptation technologies in the transport, agricultural and water sectors. The ‘Clean Tech Bootcamp,' which consisted of lectures and workshops for 24 small- and medium-size clean-technology start-up companies, will be proceeded with support from a local business hub, to be established in the second half of 2014.

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Event: Second Preparatory Committee meeting for Third UN World Conference on Disaster Risk Reduction [viewed]

A second session of the Preparatory Committee for the Third International Conference on Disaster Risk Reduction (DRR) is expected to develop the draft post-2015 DRR framework. In addition to negotiations on this document, technical workshops will convene to address: indicators, monitoring and review process for the post-2015 framework; and integration of disaster risks in financial regulation. The Chair is also expected to hold two dialogue sessions with major groups. The Third International Conference on DRR will be held in Sendai, Japan, in March 2015.  

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