Finance

UNFCCC Releases Advance Version of Technical Paper for Adaptation Fund Review [viewed]

UNFCCC23 October 2014: The UNFCCC Secretariat has published an advance version of a technical paper (FCCC/TP/2014/7) that provides background information for the second review of the Adaptation Fund. The paper serves to assist delegations in their preparations for the 10th session of the Conference of the Parties serving as the meeting of the Parties to the Kyoto Protocol (CMP 10) to be held in Lima, Peru, from 1-12 December 2014.

read more »

UNFCCC Publishes JISC Annual Report to the CMP [viewed]

UNFCCC22 October 2014: The UNFCCC Secretariat has published the annual report of the Joint Implementation Supervisory Committee (JISC) to the Conference of the Parties serving as the meeting of the Parties to the Kyoto Protocol (CMP), for consideration by the CMP at its 10th session (FCCC/KP/CMP/2014/4).

read more »

Adaptation Fund Board Approves Six Projects Totaling US$33 Million [viewed]

Adaptation Fund10 October 2014: The Adaptation Fund Board (AFB) has announced it will fund six climate resilience projects, in Costa Rica, India, Kenya and South Africa. The decision represents a doubling in the direct access finance provided by the Fund. In addition, the Board approved almost US$150,000 in South-South grants to provide training on the Fund's accreditation process so that more countries will be able to take advantage of direct access finance.

read more »

G77/China Ministerial Declaration Addresses Post-2015 Agenda, Climate Change [viewed]

G77logo26 September 2014: The Ministers for Foreign Affairs of the Group of 77 and China reaffirmed the report of the Open Working Group (OWG) on Sustainable Development Goals (SDGs) as the basis for integrating the SDGs into the post-2015 development agenda, at the 38th Annual Meeting of Ministers. They also discussed poverty eradication, means of implementation (MOI) for the post-2015 agenda, South-South cooperation, climate change, trade, and terrorism and occupation, among other issues.

read more »

ADF 9 Recommends Policies to Address Poverty, Attract Financing [viewed]

adfix16 October 2014: The UN Economic Commission for Africa's (ECA) Ninth African Development Forum (ADF IX) agreed the Marrakech Consensus, which outlines recommendations on fiscal policies and regulatory frameworks to address poverty and attract and deploy capital. The Forum, which convened under the theme ‘Innovative Financing for Africa's Transformation,' focused on: domestic resource mobilization, including for Africa's structural transformation; illicit financial flows (IFFs), private equity, partnerships and climate financing for Africa's adaptation and mitigation needs.

read more »

Guest Article #114: Climate Finance for Global Impact [viewed]

GEF: US$3 Billion Climate Finance for Global Impact

Climate change is the defining challenge of our time. It is no longer a threat; it is already a reality. Atmospheric greenhouse gas (GHG) concentrations continue to increase at a rapid pace, and will exceed 400 ppm in the very near term.

read more »

Sweden Announces US$550 Million GCF Contribution [viewed]

swedish flag22 October 2014: The Government of Sweden has announced its intention to increase Green Climate Fund (GCF) financing by approximately US$550 million (SEK 4 billion), for the Fund's initial resource mobilization process, and to allocate an additional SEK 500 million to international climate action.

read more »

TEC Presents Recommendations on Linkages between Technology, Financial Mechanisms of UNFCCC [viewed]

UNFCCC21 October 2014: The UNFCCC Secretariat has published a document containing recommendations of the Technology Executive Committee (TEC) on the linkages between the Technology Mechanism and the Financial Mechanism of the Convention.

read more »

Seychelles Qualifies for World Bank Resilience Financing [viewed]

World Bank15 October 2014: The World Bank announced that Seychelles has become the first African country to gain access to the Bank's contingency financing to help build resilience and better respond to natural disasters, such as cyclones, flooding and landslides. The financing will allow Seychelles to access a reserve of US$7 million in the aftermath of any natural disaster declared an emergency by the government.

read more »

Event: India Clean Cookstoves Forum 2014 [viewed]

The India Clean Cookstoves Forum (ICCF) 2014, which aims to tackle barriers to the large-scale adoption of improved cookstoves (ICS) in India, will feature a practitioner workshop, conference and business model workshop. The practitioner workshop will take place on the first day and feature in-depth technical discussions on marketing, distribution networks, financing, gender and product design. Emphasis will be placed on increasing demand for and supply of ICS. The conference, to be held the second day, will focus on market transformation and ways to make ICS available in all Indian households. Representatives from Indian industry, business, banks, the government and the cookstove sector will offer their ideas for the best path to widespread adoption, through everything from marketing to government policies. On the third day, the business model workshop will serve to encourage, analyze and improve the business models of new entrepreneurs in this sector, to make them more attractive to investors. Expected participants at the Forum are practitioners, project developers, investors, banks, researchers, social enterprises, government, donor agencies, foundations and NGOs. The German International Cooperation (GIZ), Global Alliance for Clean Cookstoves, India's Ministry of New and Renewable Energy, Tata Trusts and the Shell Foundation are partnering to organize the Forum.  

read more »