Finance

February-April 2016 NAMA Update: NAMAs Receive Growing Attention as Implementation Tools Post-Paris [viewed]

feb_nama_update201615 April 2016: Nationally appropriate mitigation actions (NAMAs) by developing countries, first introduced in the UN Framework Convention on Climate Change (UNFCCC) Cancun Agreements, are becoming an increasingly important vehicle supporting the implementation of the Paris Agreement, with significant co-benefits for the 2030 Agenda for Sustainable Development due to their alignment with national development strategies. This update focuses on individual NAMAs, and related support, events and activities, for the period from mid-February 2016 to mid-April 2016.

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Banks Pledge US$7 Billion for Clean Energy, World Bank Adopts Climate Change Action Plan [viewed]

bloomberg_wbg7 April 2016: A number of private banks and the World Bank Group (WBG) have announced initiatives that will contribute to implementing the Paris Agreement on climate change, which was adopted in December 2015, as well as various Sustainable Development Goals (SDGs). By pledging US$7 billion, a group of eight banks and investors have joined the Bank of America's initiative aimed at stimulating US$10 billion for investments in clean energy and sustainable development. For its part, the WBG has announced its Climate Change Action Plan, which aims to support countries in delivering on their national climate plans, also referred to as Nationally Determined Contributions (NDCs) under the UNFCCC, and sets ambitious targets for 2020 in high-impact areas, including clean energy, green transport, climate-smart agriculture and urban resilience.

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Member States Negotiate FfD Forum Outcome [viewed]

FfD13 April 2016: UN Member States have continued negotiations on the conclusions and recommendations of the upcoming UN Economic and Social Council (ECOSOC) Forum on Financing for Development Follow-up (FfD Forum). A draft outcome, which was circulated on 7 April 2016, is the subject of ongoing consultations. Jean-Francis Regis Zinsou, Permanent Representative of Benin, and Vladimir Drobnjak, Permanent Representative of Croatia, are co-facilitating the consultations.

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Adaptation and Loss and Damage Update: Adaptation Committee and LDC Expert Group Begin Work under Paris Mandate, Climate Change Adaptation, DRR and Sustainable Development Interlinkages Come to the Fore [viewed]

unfccc_unu_undp_une-_wcmc9 April 2016: Alongside the long-term goal of limiting temperature increase to well below 2°C above pre-industrial levels by 2100, the Paris Agreement on climate change includes a long-term adaptation goal, namely that of "enhancing adaptive capacity, strengthening resilience and reducing vulnerability to climate change, with a view to contributing to sustainable development and ensuring an adequate adaptation response in the context of the temperature goal." Furthermore, the vast majority of national climate plans submitted in advance of Paris (or Intended Nationally Determined Contributions (INDCs)) included descriptions of countries' adaptation goals, priorities, actions and needs. This Adaptation Update is the first in a series that aims to track the implementation of the adaptation component of these INDCs, and progress towards the long-term adaptation goal of the Paris Agreement. The activities reported in this Update also contribute to the implementation of the Sustainable Development Goals (SDGs), especially SDG 13 (Take urgent action to combat climate change and its impacts), as well as SDG 1 (End poverty in all its forms everywhere), SDG 5 (Achieve gender equality and empower all women and girls) and SDG 10 (Reduce inequality within and among countries).

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Implementation Update: Momentum Builds Ahead of Paris Agreement Signing Ceremony [viewed]

UNFCCC8 April 2016: This Implementation Update report summarizes activities by UNFCCC Parties related to the fulfillment of their commitments, especially following the adoption in 2015 of the Paris Agreement and in the context of the Sustainable Development Goals (SDGs). Recent news includes actions taken by the UNFCCC Secretariat to support implementation, announcements by Parties of their intention to sign or ratify the Paris Agreement, and efforts by Canada, the US and Thailand aimed at accelerating climate action.

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World Bank and GFDRR, UN-Habitat and UfM to Collaborate on Sustainable Urban Development [viewed]

world_bank_new8 April 2016: Two partnerships related to resilient urban development have been recently been unveiled. The World Bank Group and the Global Facility for Disaster Risk Reduction (GFDRR) have announced a partnership that will strengthen building regulation for disaster resilience in vulnerable countries, by improving implementation and compliance through the 'Building Regulation for Resilience: Managing Risks for Safer Cities' program. For their part, UN-Habitat and the Union for the Mediterranean (UfM) have agreed to cooperate on actions aimed at achieving socially and environmentally sustainable urban development in the Mediterranean region. These developments will help achieve Sustainable Development Goal 11 (Make cities and human settlements inclusive, safe, resilient and sustainable).

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BASIC Countries Discuss Paris Agreement Implementation [viewed]

brazil_southafrica_india_china7 April 2016: At the conclusion of their 22nd Meeting on Climate Change, Ministers from Brazil, South Africa, India and China (BASIC countries) issued a joint statement, pledging to sign the Paris Agreement on 22 April 2016 during the High-Level Signature Ceremony convened by the UN Secretary-General and to initiate domestic processes for ratification, acceptance or approval as soon as possible.

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African Ministers Call for Integrated Monitoring of SDGs, Agenda 2063 [viewed]

UNECA AU5 April 2016: African ministers reaffirmed the importance of aligning Africa's Agenda 2063 and the Sustainable Development Goals (SDGs), including in national development plans, at the Ninth Joint Annual African Union (AU) and UN Economic Commission for Africa (UNECA) Conference of Ministers of Finance, Planning and Economic Development. The meeting adopted 17 resolutions that support Africa's implementation of the SDGs.

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Asia-Pacific Adopts Plan for Financing 2030 Agenda, GCF Offers Support [viewed]

UNESCAP31 March 2016: Delegates at a UN regional dialogue on Financing for Development (FfD) agreed on follow-up steps towards implementing the 2030 Agenda for Sustainable Development, including plans to nurture capital markets and establish a regional forum on tax cooperation in the Asia-Pacific region. At the meeting, the Green Climate Fund (GCF) urged countries to submit innovative project proposals on responding to climate challenges, for possible financing.

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Event: Oceans and Climate Meeting in Preparation for Oceans Day at UNFCCC COP 22 [viewed]

This is the third in a series of initial discussion meetings on oceans and climate change, which aim to: prioritize actions to be undertaken during the next 12 months to advance specific aspects of the oceans and climate agenda; help mobilize a group of high-level leaders on oceans and climate to provide the necessary political impetus and support; consider which collaborating organizations have the comparative advantage and willingness to take the lead on specific priority actions; and initiate work with the Government of Morocco and others to ensure oceans issues are prominent at the 22nd session of the Conference of the Parties (COP 22) to the UNFCCC, in particular, through the convening of Oceans Day. Priority actions will draw from recommendations on oceans and climate related to mitigation, adaptation, displacement, financing, and capacity development, laid out at Oceans Day during UNFCCC COP 21.  

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