Finance

UNEP, PBC Detail Elements for China's Green Financial System [viewed]

unep_china12 June 2015: UN Environment Programme (UNEP) Executive Director, Achim Steiner, met with Pan Gongsheng, Deputy Governor of China's central bank, the People's Bank of China (PBC), to mark the publication of the final report of the Green Finance Task Force, addressing practical steps and policy recommendations for aligning China's financial and capital markets with sustainable development objectives.

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REN21 Reports Decoupling of CO2 Emissions and Economic Growth in 2014 [viewed]

REN2118 June 2015: For the first time in four decades, the world's gross domestic product (GDP) rose in 2014 without a coinciding rise in carbon dioxide (CO2) emissions, according to the Renewables 2015 Global Status Report. The report also finds that 2014 was a record year for wind and solar photovoltaic (PV) installations, and that investments in renewables, excluding large-scale hydropower, reached US$270.2 billion. The developing world accounted for almost half that figure, at US$131.3 billion.

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Southern, Eastern European Countries Seek Ways to Adopt Climate-friendly Technologies [viewed]

fao-iea-ebrd17 June 2015: A workshop for post-Soviet and southern and eastern Mediterranean countries convened to discuss policies and investment conditions conducive to the development and transfer of energy efficiency, renewable energy and other low-carbon technologies. The workshop was organized by the European Bank for Reconstruction and Development (EBRD) and the International Energy Agency (IEA) in collaboration with the Food and Agriculture Organization of the UN (FAO), and hosted by the Turkish Ministry of Energy and Natural Resources.

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Multilateral Development Banks Report 19% Increase in Climate Finance [viewed]

mdbs-logos-pr-header16 June 2015: Six multilateral development banks (MDBs) have launched the fourth edition of their annual joint report on climate finance. The report finds that, in 2014, the MDBs committed more than US$28.35 billion in financing to developing countries and emerging economies, with US$23.28 billion dedicated to mitigation efforts, and US$5.07 billion to adaptation work.

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Event: Oceans Day at UNFCCC COP 21 [viewed]

Oceans Day will be held on the sidelines of the 21st session of the Conference of the Parties (COP 21) to the UN Framework Convention on Climate Change (UNFCCC). It aims to advance the oceans and climate change agenda at COP 21 and beyond. Activities undertaken for the Day will: report on the science of oceans and climate change; showcase successful efforts in policies on oceans and climate, such as on ocean acidification and linkages among biodiversity, climate change and fisheries, among others; identify key actions on oceans and climate change to be addressed through the UNFCCC process; identify what the oceans community can do to advance the oceans and climate change agenda outside of the UNFCCC process; and mobilize resources.

Oceans Day at COP 21 is expected to result in a strategic action plan for the oceans and climate change agenda for the next five years.  

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UAE, UNEP FI Hold Sixth National Green Economy Conference [viewed]

uae_unep25 May 2015: The United Arab Emirates (UAE) held its sixth national Green Economy Annual Conference in cooperation with the UN Environment Programme (UNEP) Finance Initiative (FI). The Conference highlighted the UAE Government's green economy initiatives, including its national 'State of Green Economy' report, which was launched at the Abu Dhabi Sustainability Week in January 2015.

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WMO Congress Agrees on Post-2015 Priorities, Appoints New Secretary-General [viewed]

WMO12 June 2015: The 17th session of the World Meteorological Congress agreed on priorities for 2016-2019, adopting a new strategic plan and related budget. The Congress also appointed a new Secretary-General of the World Meteorological Organization (WMO). WMO Secretary-General Michel Jarraud, who will remain ‘Secretary-General emeritus,' reiterated that high-impact weather and climate extremes are likely to occur with greater frequency and intensity due to climate change, noting that while a window of opportunity still exists “to act and prevent irreversible damage,” it is closing fast.

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Bonn Climate Conference Focuses on Streamlining Negotiating Text for 2015 Agreement [viewed]

iisdrs-sd4211 June 2015: The Bonn Climate Change Conference under the UNFCCC included the 42nd sessions of the Subsidiary Body for Implementation (SBI) and the Subsidiary Body for Scientific and Technological Advice (SBSTA), as well as the ninth part of the second session of the Ad Hoc Working Group on the Durban Platform for Enhanced Action (ADP 2-9). Delegates in Bonn were faced with a gargantuan task. ADP negotiators had to produce a streamlined and concise negotiating text for the 2015 agreement; consider which elements to include in the agreement, and which ones to leave to COP decisions; and start substantive negotiations. They also had to continue efforts to enhance pre-2020 climate action. This packed ADP agenda stole the limelight, in spite of the SBSTA and SBI having a long list of outstanding issues for consideration.

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EU Energy Ministers Discuss Implementation of Energy Union [viewed]

EU-SE4ALL8 June 2015: The Council of the EU held a meeting to discuss energy security and the implementation of the Energy Union. The Council agreed that the goal of the EU's plans for the Energy Union must be to provide consumers with affordable, safe, competitive, secure and sustainable energy.

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Africa Progress Report 2015 Calls for Energy Revolution [viewed]

app5 June 2015: The Africa Progress Panel (APP) has released its Africa Progress Report 2015, titled 'Power, People, Planet: Seizing Africa's Energy and Climate Opportunities,' which calls on Africa's leaders to start an energy revolution that delivers energy access for all, and meets the demands of consumers, businesses and investors for affordable and reliable electricity.

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