Finance

September 2014 Climate Finance Update [viewed]

adb-afdb-eib-idb-cif-worldbank-gef-ifad1 October 2014: In September 2014, the African Development Bank (AfDB), the European Investment Bank (EIB), the Inter-American Development Bank (IDB), Climate Investment Funds (CIF), the Global Environment Facility (GEF), the International Fund for Agricultural Development (IFAD) and the World Bank reported on various climate finance developments, including in the areas of green bonds, transport, forest emissions and climate resilience.

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Indonesia Accepts Doha Amendment [viewed]

Indonesia Flag1 October 2014: The UNFCCC Secretariat has informed that Indonesia has accepted the Doha Amendment, which formalizes commitments for the second commitment period of the Kyoto Protocol (2013-2020). This announcement brings the total number of parties that have deposited their instruments of acceptance to 18.

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AfDB Launches Green Growth Framework [viewed]

AfDB30 September 2014: The African Development Bank (AfDB) has released its Green Growth Framework, which will serve as a basis for its future work on green growth. The framework, titled ‘Entry points for action for transition to Green Growth in Africa,' aims to provide Bank staff with a common understanding on the principles and practice of green growth and on entry points for engaging with member countries in transitioning towards green growth.

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OECD Highlights Environmental, Social Costs of Under-taxation [viewed]

OECD_NEW30 September 2014: The Organisation for Economic Co-operation and Development (OECD) is urging governments to cease subsidizing company cars and to phase out the tax differential that exists between diesel and petrol. Research released by OECD concludes that developed countries are causing an increase in carbon emissions, traffic congestion and air pollution by under-taxing company cars and diesel fuel, often at lower rates than wages, which tends to encourage more driving.

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UNFCCC Releases ADP 2-5 Report [viewed]

UNFCCC30 September 2014: The UNFCCC Secretariat has published the report of the fifth part of the second session of the Ad Hoc Working Group on the Durban Platform for Enhanced Action on (ADP 2-5), which was held from 4-14 June 2014, in Bonn, Germany. The document (FCCC/ADP/2014/2) contains summaries of proceedings and discussions under the five agenda items of the ADP, as well as two annexes containing documents and informal notes prepared for considered by ADP 2-5.

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PRI, Major Institutional Investors to Disclose Carbon Footprint [viewed]

unepfi-montrealpledge29 September 2014: The Principles for Responsible Investment (PRI) and a group of major institutional investors have launched a commitment to measure and disclose annually the carbon footprint of their investment portfolios. The first group of investors signing the ‘Montreal Carbon Pledge' represents a portfolio of over US$500 billion, and the UN-supported PRI aims to attract a total commitment of US$3 trillion by December 2015.

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Japan, India Enhance Cooperation in Sustainable Energy [viewed]

india-japan3 September 2014: An annual summit meeting between the Prime Ministers of India and Japan resulted in a joint statement, titled the ‘Tokyo Declaration for Japan-India Special Strategic and Global Partnership,' and several announcements of enhanced cooperation in programmes and projects in the areas of sustainable energy and climate change.

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UNGA Debate Concludes with Focus on 2015 Agreement, Link to Sustainable Development [viewed]

unga6930 September 2014: On the final day of the UN General Assembly's (UNGA) 69th General Debate, speakers again addressed: their countries priorities for the post-2015 development agenda; climate change; health; and security. Closing the Debate on 30 September, UNGA President Sam Kutesa urged Member States to “make real and meaningful change in the livelihoods of humanity and the health of our planet.”

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Leaders, Communities Voice Support for Zero Hunger Challenge [viewed]

zero-hunger25 September 2014: A high-level event, titled ‘Delivering Zero Hunger – Demonstrating Impact,' was organized by the Permanent Missions of Ireland, Mexico and the Netherlands, the Food and Agriculture Organization of the UN (FAO), the International Fund for Agricultural Development (IFAD) and the World Food Programme (WFP). Femi Oke, Al Jazeera, served as moderator. The event took place on 25 September 2014, at UN Headquarters in New York, US, on the sidelines of the UN General Assembly's 69th session.

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Event: High-level Event on Combating Climate Change [viewed]

The President of the UN General Assembly will convene this high-level event, with the aim of giving momentum and adding impetus to efforts to reach a global agreement in 2015 under the UN Framework Convention on Climate Change (UNFCCC).  

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