Finance

UNGA President Calls for Investment, Action on Multilateral Commitments [viewed]

UNGA 2nd Committee - Economic and Financial16 February 2016: Multilateralism has "reasserted itself" in relation to sustainable development, but failed in the area of peace and security, said UN General Assembly (UNGA) President Mogens Lykketoft, in addresses to the European Parliament and the European Council. Lykketoft reflected on issues of focus for the 70th session of the UNGA, including the 2030 Agenda for Sustainable Development, the Paris Agreement on climate change, the selection of the next UN Secretary-General, and the refugee crisis.

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China's G20 Presidency Holds Green Finance, Energy Sustainability Meetings [viewed]

di_logo28 January 2016: The Green Finance Study Group (GFSG) and the Energy Sustainability Working Group were among the first meetings held under China's presidency of the Group of 20 (G20). The meetings took place in January 2016, and focused on the agenda for the year ahead, with the GFSG agreeing to prepare a synthesis report on the role of the financial system in mobilizing private green investment, in advance of the G20 finance ministers and central bank governors meeting in July 2016.

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Civil Society Highlights Areas for Action on SDGs, Climate Change [viewed]

Sustainable Development Goals (SDGs)February 2016: Commenting on the development of indicators for the Sustainable Development Goals (SDGs), civil society organizations (CSOs) have raised concerns about the process, neutrality of statistics, and socially stratified data collection. A coalition of European NGOs urges the European Commission (EC) to maintain a high level of ambition on the 2030 Agenda for Sustainable Development, the Sustainable Development Solutions Network (SDSN) invites comments on its 'SDG Index,' and others address climate change, the UN Environment Programme (UNEP) Financial Inquiry into the Design of a Sustainable Financial System, and the role of the private sector.

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Policy Update #27: Emissions from International Transport (AKA the Elephant in the Climate Change Policy Room) [viewed]

Global aviation and maritime shipping combined produce about 5% of global carbon dioxide (CO2) emissions. This is a sizeable share of global emissions: if these sectors were a country, they would be the seventh largest emitter. Furthermore, both sectors are among the fastest growing sources of emissions at the global level. Their share is projected to rise between 10-32% by 2050. Business as usual in the shipping and aviation industry alone would make unreachable the long-term global goal adopted by Parties to the UNFCCC at their 21st session (COP 21), namely to hold “the increase in the global average temperature to well below 2°C above pre-industrial levels,” let alone the 1.5°C target.

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EU Climate Diplomacy to Focus on Implementation of Paris Agreement [viewed]

ec15 February 2016: EU Foreign Affairs Ministers have adopted conclusions on European climate diplomacy, emphasizing three strands of action for 2016 related to: prioritizing climate change advocacy in diplomatic relations; implementing the Paris Agreement and intended nationally determined contributions (INDCs); and addressing the nexus among climate change, natural resources, prosperity, stability and migration.

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Post Davos Talks Highlight Urgency of Climate Change, Conflict and Migration [viewed]

unga_pwc_wef15 February 2016: Participants at the Post Davos Nordic Summit highlighted the role of the private sector and civil society in addressing sustainable development and geopolitical crises. They also discussed implementation of the Sustainable Development Goals (SDGs) and the Paris Agreement on climate change, and noted the importance of progress on sustainable development and climate change to achieve peace and security.

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December 2015-February 2016 NAMA Update [viewed]

nama_update14 February 2016: This update provides information about individual nationally appropriate mitigation actions (NAMAs) by developing countries, and related support, publications and events for the period from December 2015 to mid-February 2016. During this period, NAMAs registered as seeking support included ones on rural electrification in the Gambia and efficient use of biomass in Georgia. NAMAs in the Lao People's Democratic Republic (PDR), Vanuatu, Peru, Colombia, Kenya and China received support. Several reports, guides and other publications on NAMAs were also launched during this period.

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CARICOM Reviews Commitments Made under the Paris Agreement [viewed]

CARICOM12 February 2016: A two-day meeting of the Caribbean Community (CARICOM) climate change ministers undertook a review of the outcomes of the 21st session of the Conference of the Parties (COP 21) to the UNFCCC and assessed opportunities for the region. The main outcome of COP 21 is the Paris Agreement, an international climate change treaty that is expected to enter into force in 2020. Parties to the Paris Agreement agreed to limit the increase in the global average temperature to well below 2°C above preindustrial levels and to pursue efforts to limit the temperature increase to 1.5°C.

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UNISDR Analyzes Human Cost of Disasters in 2015 [viewed]

2015_disasters_numbers11 February 2016: The UN Office for Disaster Risk Reduction (UNISDR), the Catholic University of Louvain Brussels, Belgium, and the United States Agency for International Development (US AID) have released an infographic on disaster trends showing that 2015, which was the hottest year on record, confirmed that weather and climate-related disasters dominate disaster trends linked to natural hazards. Robert Glasser, Head of UNISDR, said the analysis reaffirms the key role of greenhouse gas (GHG) reductions and climate change adaptation for disaster risk reduction (DRR).

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Morocco Advances INDC Targets with Opening of Solar Power Plant [viewed]

morocco4 February 2016: In June 2015, the Government of Morocco submitted its intended nationally determined contribution (INDC) to the UNFCCC, announcing targets of reducing its greenhouse gas (GHG) emissions by 32% by 2030 compared to business-as-usual (BAU) projected emissions and reaching over 50% of installed electricity production capacity from renewable sources by 2025. In a significant step toward these goals, the first phase of the Noor-Ouarzazate concentrated solar power (CSP) plant became operational in February 2016.

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