Finance

Bonn Climate Talks Open, Focus on Implementation of the Paris Agreement [viewed]

UNFCCC16 May 2016: The Bonn Climate Change Conference opened on 16 May, at the World Conference Center Bonn, in Bonn, Germany. The meeting comprises the 44th sessions of the Subsidiary Body for Implementation (SBI 44) and the Subsidiary Body for Scientific and Technological Advice (SBSTA 44), as well as the first session of the Ad Hoc Working Group on the Paris Agreement (APA 1).

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Adaptation Conference Emphasizes Resilience, Financial Inclusion, Links with Development [viewed]

adaptation_futures201613 May 2016: Adaptation Futures 2016, the fourth biennial worldwide conference on climate change adaptation, advanced climate change adaptation issues along a range of themes, including: cities and infrastructure; food, forestry and rural livelihoods; fresh water availability and access; public health; ecosystems and ecosystem-based adaptation; disaster risk reduction (DRR); the Arctic; risk assessment, adaptation planning and evaluation; institutions and governance; and finance, investment and business. The Conference aimed to move climate change adaptation forward by promoting public, commercial and policy solutions across sectors, borders and communities.

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Capacity Building and Technology Update: TEC, CTCN Board Meet, Capacity-Building Initiatives Focus on Renewables, Subsidiary Bodies Prepare for Bonn Session [viewed]

unfccc_unitar_unep_unhabitat_wmo11 May 2016: Under the international climate regime, industrialized countries provide developing States, in particular small island developing States (SIDS) and Least Developed Countries (LDCs), with financial, technical and capacity-building support to help them implement mitigation and adaptation actions. A number of key meetings related to technology issues took place over the past few weeks, including the twelfth meeting of the Technology Executive Committee (TEC) and the seventh meeting of the Advisory Board of the Climate Technology Centre and Network (CTCN), which set the course for the years ahead. The CTCN Advisory Board recently received its 100th request for assistance and kicked off its series of 2016 Stakeholder Engagement Forums. Some of the capacity-building activities that took place over the past month focused on renewables, while others traced linkages among climate change, disaster risk reduction (DRR) and sustainable development.

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Annual Cost of Adaptation Significantly Understated, UNEP Reports [viewed]

UNEP10 May 2016: According to a report titled 'The Adaptation Finance Gap Report 2016,' which was just released by the UN Environment Programme (UNEP), the cost of adapting to climate change in developing countries could rise to between US$280 and US$500 billion per year by 2050, a figure that is four to five times greater than previous estimates.

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ECOSOC Discusses 2030 Agenda, Paris Agreement, Sendai Framework in Addressing El Niño Impacts [viewed]

ECOSOC6 May 2016: During a Special Meeting hosted by the UN Economic and Social Council (ECOSOC), experts analyzed the effects of the 2015/2016 El Niño phenomenon, which has affected over 60 million people. The event, titled 'Impacts of the 2015/16 El Niño Phenomenon: Reducing Risks and Capturing Opportunities,' was mandated by the UN General Assembly (UNGA) to consider the socioeconomic and environmental dimensions of El Niño, as well as the resilience measures undertaken by countries to confront it.

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Event: Dialogue for Climate Action [viewed]

This Dialogue, which is organized by the World Bank Group, will bring together businesses, governments and civil society to discuss policies that promote climate-friendly actions. The aim of the Dialogue is to determine how best to engage industries and others in order to stimulate climate-efficient industries and improve sector competitiveness, as well as ensure greater alignment and cooperation between the private sector and national goals. The conference will also officially launch the 'Vienna Principles for Dialogue on Climate Action,' which were developed by the World Bank Group and partners to help foster dialogues among the public and private sectors through a common standard/framework to improve the ability of companies to play an active role in designing policies and initiatives that tackle climate change. The World Bank publication 'A Greener Path to Competitiveness' will also be launched during the Dialogue.  

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Adaptation and Loss and Damage Update: Urban Resilience, DRR Enter the Limelight; Potentially Irreversible Harm Exposed [viewed]

adaptation_loss_damage 4 May 2016: The first target under Sustainable Development Goal (SDG) 13 (Take urgent action to combat climate change and its impacts) is to strengthen resilience and adaptive capacity to climate-related hazards and natural disasters in all countries. Much of the news on adaptation and loss and damage coming out of the month of April contributed to the implementation of this target, including projects promoting climate resilience in urban and rural settings, and resilience in the field of agriculture.

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UNEP Releases 2015 Annual Report [viewed]

UNEPMay 2016: The UN Environment Programme's (UNEP) annual report for 2015 provides examples of partnerships and global outlooks deemed critical for implementing the Paris Agreement on climate change and the 2030 Agenda for Sustainable Development, including its Sustainable Development Goals (SDGs).

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Sustainable Energy Finance Update: Public Finance Leverages Private Flows to Renewables [viewed]

energy_finance1 May 2016: Universal access to affordable, reliable, sustainable and modern energy, the

seventh of the Sustainable Development Goals (SDGs) agreed last year, starts with access to finance. Looking at the sustainable energy finance news coming out of April, a number of initiatives went beyond simply funding projects. They also built the capacity of developing country governments and companies to develop energy efficiency, energy access and renewables projects that will qualify for finance. Similarly, many of the finance flows were intended to make projects more attractive to private sector investments, compounding the impact of public funds.

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CSOs Make Recommendations for HLPF, Reflect on National Reviews, Climate Synergies, Wetlands, FfD Forum [viewed]

Sustainable Development Goals (SDGs)3 May 2016: A group of NGOs made recommendations for the High-Level Political Forum on Sustainable Development (HLPF) and a multi-level review system. Other recent contributions from civil society organizations and researchers include: the results of Together 2030's Perceptions Survey; a brief on the synergies between development goals and climate action; a report on wetlands and the Sustainable Development Goals (SDGs); and a critique of the inaugural UN Economic and Social Council (ECOSOC) Forum on Financing for Development (FfD) follow-up (FfD Forum).

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