Finance

UN Climate Summit Offsets Emissions [viewed]

climate-summit-201429 September 2014: As part of a commitment to make the UN system climate neutral, the UN has measured the carbon footprint of the 2014 UN Climate Summit and will offset the greenhouse gas (GHG) emissions created by buying Certified Emission Reductions (CERs). An equivalent of 18,639 tons of carbon dioxide (CO2) will be purchased by the UN Framework Convention for Climate Change (UNFCCC) Secretariat from the Adaptation Fund, at a total offset cost of approximately US$6,000.

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Event: High-Level Thematic Debate on Means of Implementation for Post-2015 Development Agenda [viewed]

The President of the 69th UN General Assembly (UNGA), Sam Kutesa, will convene this thematic debate, which will focus on how to mobilize resources to turn aspirations for the post-2015 development agenda into realities. It is expected to discuss financing, technology development and transfer and capacity building. The debate will also consider investments in climate financing, rural development, infrastructure, protection of the global commons and social sectors. The event will take place in February 2015, per Kutesa's address to the opening of UNGA 69.  

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India, US Establish Strategic Partnership on Clean Energy and Climate Change [viewed]

india.us1 October 2014: The US and India have agreed to a series of sustainable energy and climate change joint measures under a new strategic partnership on energy security, clean energy and climate change. The announcement was made during the first bilateral summit of India's Prime Minister Narendra Modi and US President Barack Obama, which took place from 26-30 September in Washington DC, US.

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GEF to Address Biodiversity, Livelihoods, Climate Resilience in Belize [viewed]

GEF30 September 2014: The Global Environment Facility (GEF) Board of Directors has approved a five-year project to sustainably manage Belize's natural resources and promote alternative livelihoods for local communities. The project will also strengthen institutional capacity to enhance climate resilience, including increasing ecosystem resilience to climate change impacts.

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UNFCCC Outlines Available Information for SED [viewed]

UNFCCC29 September 2014: The UNFCCC Secretariat has published a note outlining the national information that will be available, and when it will be available, for consideration by the structured expert dialogue (SED). The information is grouped into three primary categories.

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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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