Finance

ADP Co-Chairs Issue Streamlined Geneva Negotiating Text [viewed]

UNFCCC24 July 2015: The Co-Chairs of the Ad Hoc Working Group on the Durban Platform for Enhanced Action (ADP) have issued a scenario note for the tenth part of the second session of ADP (ADP 2-10) that includes a consolidated version of the formal Geneva negotiating text. The Co-Chairs also released a document containing elements for a draft decision on ADP workstream 2 (pre-2020 ambition).

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European Environment Ministers Discuss SDGs, Climate Finance [viewed]

European Council23 July 2015: During an informal Council of Environment Ministers, European Ministers agreed that the proposed Sustainable Development Goals (SDGs) to be adopted at the UN summit for the adoption of the post-2015 development agenda are a challenge and an opportunity leading towards more sustainable, equitable and coherent policy making at the international and European level. The UN summit is to take place in September 2015, in New York, US.

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Stern Confirms Economic Case for Climate Action [viewed]

nicholas_stern22 July 2015: An article released ten years after the 'Stern Review on the Economics of Climate Change' reaffirms that the cost of inaction on climate change is still greater than the cost of action. Authored by Nicholas Stern, who authored the original Review, the article, titled 'Economic Development, Climate and Values: Making Policy,' finds that the case for climate action is even stronger today than at the time of the Stern Review's publication a decade ago.

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Vatican, Mayors Highlight Links between Climate Change and Human Trafficking [viewed]

pontifica_academia21 July 2015: At a summit for mayors of 70 cities from around the world, Pope Francis spoke on climate change and its links to human trafficking, health problems and unemployment. During the event, titled 'Modern Slavery and Climate Change: The Commitment of Cities,' the Pope and the mayors signed a declaration highlighting the "very vital role" of cities "in the face of the emergencies attributable to human-induced climate change, social exclusion, and extreme poverty."

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Major Economies Forum Discusses Elements of a Legally-Binding Climate Agreement [viewed]

mef19 July 2015: At its 22nd meeting, the Major Economies Forum on Energy and Climate (MEF) focused on issues related to the global climate change agreement that is expected to be adopted at the 21st session of the Conference of the Parties (COP 21) to the UNFCCC. The participating economies, mostly represented at the ministerial level, discussed their views on the legal form and contents of the agreement. Despite diverse positions on these aspects, the co-chairs called the meeting "productive" and "very constructive."

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Civil Society Reflects on FfD3, Issues Recommendations on Post-2015 Agenda [viewed]

post2015July 2015: Civil society organizations have responded to the Addis Ababa Action Agenda (AAAA) of the Third International Conference on Financing for Development (FfD3), and have released responses and summaries to the draft outcome document for the UN summit for the adoption of the post-2015 development agenda. Responses address, inter alia: areas of consensus and disagreement on the post-2015 draft; recommendations on improving text related to inequality, climate change, energy, land and other topics; data challenges; the translation of discourse into policy; education; and the role of business.

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France Hosts Informal Ministerial Consultations [viewed]

France-Flag21 July 2015: The French Government hosted the first of a series of informal ministerial consultations to prepare for the 21st session of the Conference of the Parties (COP 21) to the UNFCCC, which will take place in November-December 2015. The consultations brought together approximately 40 delegations, including 30 ministers, who discussed: the overall balance of the draft climate change agreement; its level of ambition; and the degree of differentiation that should be retained in order to take into account the situation and levels of development of the different UN member States.

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Marshall Islands Submits INDC [viewed]

marshall-flag21 July 2015: The UNFCCC Secretariat has announced that the Marshall Islands is the first small island developing State (SIDS) Party to formally submit its intended nationally determined contribution (INDC), which sets out a greenhouse gas (GHG) emissions reduction target of 32% below 2010 levels by 2025. The INDC also includes an indicative target of reducing emissions 45% below 2010 levels by 2030. The submission from the Marshall Islands brings the total number of Parties to submit an INDC to 48.

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North-Pacific SIDS Prepare for Paris Conference, INDCs [viewed]

government_micronesia16 July 2015: A 'North-Pacific Conference to Prepare for the Road to Paris' brought together participants from Palau, the Federated States of Micronesia (FSM) and the Marshall Islands in Pohnpei, FSM, from 13-15 July 2015. It was followed by a technical training workshop on intended nationally determined contributions (INDCs) on 16 July 2015.

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FfD3 Concludes with Adoption of Addis Ababa Action Agenda [viewed]

iisdrs_FfD316 July 2015: The Third International Conference on Financing for Development (FfD3) has concluded with the adoption of the Outcome Document of the Conference, the Addis Ababa Action Agenda (AAAA). In support of the AAAA, a number of significant partnerships were launched during FfD3, including: the Addis Tax Initiative, which will support strengthening domestic tax systems; the Global Financing Facility in Support of Every Woman Every Child, which brings together countries, donors and the private sector; and the Commission on Financing Global Education.

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