Finance

GEF Council Marks 25th Anniversary, Approves Work Program for US$398.68 Million, CBIT Trust Fund [viewed]

gef509 June 2016: The 50th meeting of the Global Environment Facility (GEF) Council, which marked the occasion of the 25th anniversary of the GEF, approved a Work Program comprising 38 project concepts and four programmatic frameworks, with total resources amounting to US$398.68 million. In addition, the GEF Council established a new trust fund for the Capacity-building Initiative for Transparency (CBIT), which was created in response to a request by the UNFCCC Conference of the Parties, as reflected in the decision adopting the Paris Agreement on climate change.

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Global Green Growth Forum Showcases Sustainable Energy, Private Sector Partnerships [viewed]

Global Green Growth Forum (3GF)7 June 2016: The 2016 Global Green Growth Forum (3GF) showcased a range of “solutions” for promoting sustainability and encouraging private sector investments in sustainable development, highlighting initiatives related to sustainable energy, water management, climate-smart cities and others aimed at achieving the Sustainable Development Goals (SDGs).

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UNDP Report Showcases Role of Innovation for SDGs, Climate [viewed]

undp_innovation20307 June 2016: Innovation can contribute to achieving the 2030 Agenda for Sustainable Development through the development of new approaches, tools and partnerships, according to a recent report by the UN Development Programme (UNDP) Innovation Facility. The report, titled ‘2015 Year in Review: Innovation for 2030,' showcases 62 initiatives in 45 countries that tested or scaled new approaches and emerging technologies to eradicate poverty, protect the planet, manage climate risk and natural hazards, advance gender equality and prevent conflict.

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US, India Reaffirm Support for Early Entry into Force of Paris Agreement [viewed]

us_india7 June 2016: During an official visit to the US, Indian Prime Minister of India Narendra Modi met with US President Barack Obama in the White House for their third major bilateral summit. The two leaders reviewed the deepening strategic partnership between the US and India and pledged to pursue new opportunities to, inter alia, bolster economic growth and sustainable development. The joint statement issued at the conclusion of their meeting addresses climate, clean energy, clean energy finance and sustainable development, among other issues.

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Mission Innovation Countries to Double Clean Energy Investment by 2021 [viewed]

mi3 June 2016: The inaugural Mission Innovation Ministerial (MIM) took place in conjunction with the seventh Clean Energy Ministerial (CEM7), bringing together countries that have committed to increase their support for clean energy research and development, and providing an opportunity for individual countries to highlight plans and actions under MI and announce new collaborations. On 1 June, closed-door discussions for MI ministers and delegates were held, chaired by US Energy Secretary Ernest Moniz. The latter stated that MI is critical to funding the basic scientific research and development that will underpin the advanced clean energy solutions needed to combat climate change in the 21st century, noting such technologies will help drive down adoption costs to grow low-carbon economies.

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European Green Week Adopts Urban Agenda, Agrees to Accelerate Transition to Low-Carbon Economy [viewed]

green_week3 June 2016: The 2016 edition of Green Week focused on the theme 'investing for a greener future.' Participants discussed how to promote the role of green investments in achieving sustainable development and agreed on a range of measures to advance the European Union (EU) Urban Agenda, the blue economy and the transition to a low-carbon future, among other areas.

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Event: Industrial Efficiency 2016 [viewed]

Regardless of the sector, energy efficiency is key to productivity, energy security, job creation and lower carbon intensity. The European Council for an Energy Efficient Economy (ECEEE) and partners will hold its Industrial Efficiency 2016 conference from 12-14 September 2016, in Berlin, Germany. The conference will bring together policy makers, energy managers and other decision makers in energy-using industries, academics and experts in energy efficiency financing. The event offers a mix of formal presentations and informal events, plenaries, solutions workshops as well as networking opportunities.  

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Energy Outlook: Clean Energy Investments, RE Employment Increasing, Cities Unlock Mitigation Potential [viewed]

unfccc_wb_irena_iea2 June 2016: Energy-related news of the past few weeks reported here indicate that regional development banks' investments in clean energy are increasing. Other recent developments show that: renewables are currently firmly established as competitive, mainstream sources of energy; energy efficiency (EE) action in urban environments helps cities transition to sustainable energy systems; and employment in renewable energy (RE) is on the rise. Events, initiatives and publications described in this update contribute to the implementation of the Sustainable Development Goals (SDGs) of the 2030 Agenda for Sustainable Development, particularly SDGs 7 (Ensure access to affordable, reliable, sustainable and modern energy for all), 13 (Take urgent action to combat climate change and its impacts) and 1 (End poverty in all its forms everywhere).

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UNCCD Executive Secretary Briefs UN Security Council [viewed]

UNCCD logo​26 May 2016: While not offering a silver bullet, a land-based approach involving increased investment in land rehabilitation for frontline villages and communities would be “cheaper and more effective than investing in walls, wars and relief,” stressed UN Convention to Combat Desertification (UNCCD) Executive Secretary Monique Barbut at a UN Security Council briefing in New York, US on 26 May 2016. The briefing aimed to enhance understanding of the security implications of climate change in the Sahel and was addressed by representatives of more than 15 countries, intergovernmental and non-governmental organizations.

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Sustainable Energy Finance Update: MDBs Prioritize Clean, Efficient Energy, Invest in Infrastructure to Expand Electricity Access [viewed]

energy_update_jun1 June 2016: During the month of May, many multilateral development banks (MDBs) hosted their annual meetings, at which sustainable energy was often a central theme. The African Development Bank (AfDB), for instance, has placed powering the African continent “on the front burner,” putting it at the top of its priority list.

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