Finance

C2ES Dialogue Co-Chairs Outline Vision for 2015 Climate Agreement [viewed]

c2eslogo15 July 2015: The Co-Chairs of an informal international climate dialogue convened by the US Center for Climate and Energy Solutions (C2ES) have launched a report outlining emerging elements of a 2015 climate agreement. Based on the year-long 'Toward 2015' dialogue, which brought together senior climate negotiators from over 20 countries, the Co-Chairs' report foresees a durable legal agreement with binding commitments for all parties, including in relation to inscribing, maintaining and reporting on their nationally determined contributions (NDCs).

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IISD GSI Event: Fossil-Fuel Subsidies Reform Can Finance Development [viewed]

gsi-fffsr 14 July 2015: Reforming fossil-fuel subsidies can free up funds for investing in sustainable development and reduce global greenhouse gas (GHG) emissions by approximately 10%, according to a high-level side event held at the Third International Conference on Financing for Development (FfD3) in Addis Ababa, Ethiopia. Participants also underlined that current low international energy prices create a window of opportunity for fossil-fuel subsidy reform.

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IRENA Conference Launches Martinique Action Plan for Renewables Deployment on SIDS [viewed]

IRENA14 July 2015: A conference organized by the International Renewable Energy Agency (IRENA) has launched an action plan to accelerate the adoption of renewable energy in small island developing states (SIDS). The Martinique Action Plan outlines practical steps for deploying renewable energy resources and technologies in SIDS. It also seeks to demonstrate commitment of 27 SIDS and 19 development partners to the IRENA of SIDS Lighthouses Initiative in the run-up to the 2015 UN Climate Change Conference.

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UNFCCC, UNCCD and UNEP Highlight Development Benefits of Linking Land and Climate Agendas [viewed]

unfccc_unccd_unep13 July 2015: In their joint op-ed, titled 'The Land Battle for Sustainable Development,' Monique Barbut, Executive Secretary of the UN Convention to Combat Desertification (UNCCD), Christiana Figueres, Executive Secretary of the UN Framework Convention on Climate Change (UNFCCC), and Achim Steiner, Executive Director of the UN Environment Programme (UNEP), underscore the "huge, largely untapped potential for rapid gains in both the fight against climate change and efforts to achieve the Sustainable Development Goals [SDGs].”

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Event: World Water Week 2015 [viewed]

World Water Week 2015 will meet under the theme ‘Water for Development,' with experts, practitioners, decision makers, business innovators and young professionals from a range of sectors and countries coming together to network, exchange ideas, stimulate innovative thinking and develop solutions to water-related challenges. The Week will include 160 events and eight workshops to discuss issues related to financing, the proposed sustainable development goals (SDGs), integrity, gender, climate change, energy, sanitation, food, conflict resolution and water management. World Water Week in Stockholm is an annual event that focuses on current global water issues, and is organized by the Stockholm International Water Institute (SIWI). 2015 is the jubilee year for both the Week and the Stockholm Water Prize.  

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Event: Green Climate Fund (GCF) Regional Workshop Pacific Islands [viewed]

The Green Climate Fund (GCF) Secretariat is hosting a workshop for the national designated authorities (NDAs) and focal points, as well as registered observer organizations and accredited entities (AEs) of the Pacific island countries. The workshop, which follows similar trainings in Central America and Asia, is being held under the auspices of the Fund's Readiness and Preparatory Support Programme. The agenda includes sessions focused on preparing NDAs and focal points for their role in communicating country-driven investment priorities, understanding which projects the GCF can support, accessing the GCF's funds for country priority projects and programmes, and ensuring appropriate oversight of GCF activities at the country level. Discussions will also focus on how the GCF can best support the region, priorities and issues, accreditation support, and public and private sector partnerships. In addition, on the last day of the workshop, the GCF will hold bilateral meetings with NDAs and focal points.  

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Programme to Build DRR in Sub-Saharan Africa Announced at Margins of FfD3 [viewed]

UNISDR14 July 2015: An €80-million funding package has been unveiled to support disaster risk management across Sub-Saharan Africa. The five-year ‘Building Disaster Resilience to Natural Hazards in Sub-Saharan African Regions, Countries and Communities' programme was announced on the sidelines of the Third International Conference on Financing for Development (FfD3) in Addis Ababa, Ethiopia. The European Union is helping to fund the programme, while the UN Office for Disaster Risk Reduction (UNISDR) is one of the partners that will help to implement it.

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OECD, IEA, NEA, ITF Report Identifies Policies Misaligned with a Low-Carbon Economy [viewed]

low_carbon_economy3 July 2015: A report titled 'Aligning Policies for a Low-Carbon Economy' identifies current policy and regulatory frameworks that are not in line with creating a low-carbon economy. The report focuses on contradictory public policies, such as those that encourage investment in fossil fuels and work against global goals on climate change. It examines the policy domains of investment, taxation, innovation and skills, trade and adaptation, as well as sectors greatly impacting the climate such as electricity, urban mobility and rural land use.

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Event: African Regional Workshop on Nationally Appropriate Mitigation Actions (NAMAs) [viewed]

The UNFCCC Secretariat is organizing a capacity-building workshop for the African region on Nationally Appropriate Mitigation Actions (NAMAs). The workshop aims to strengthen the use of NAMAs as a tool for pre-2020 and post-2020 climate change action. Regional mitigation experts from international organizations and the private sector will present on designing and implementing NAMAs, as well as support programmes, and participants will share experiences, lessons learned and best practices. Discussions will focus on challenges and issues faced, financial engineering and investment strategies for leveraging multi-source financing, measurement, reporting and verification (MRV), sustainable development co-benefits, and the NAMA Registry.  

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Event: Major Economies Forum on Energy and Climate (MEF) [viewed]

The second meeting of the MEF in 2015 is scheduled for 18-19 July 2015, in Mondorf-les-Bains, Luxembourg. The meeting will be chaired by Caroline Atkinson, Deputy Assistant to the President and Deputy National Security Advisor for International Economics, and Todd Stern, Special Envoy for Climate Change. The MEF intends to convene four times in 2015. The Forum, launched in 2009 by US President Barack Obama, is aimed at facilitating candid dialogue among major emitting countries, both developed and developing, to garner the political leadership needed to advance efforts against climate change. The 17 major economies participating are: Australia, Brazil, Canada, China, the EU, France, Germany, India, Indonesia, Italy, Japan, the Republic of Korea, Mexico, the Russian Federation, South Africa, the UK and the US.  

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