Finance

UNU Spotlights Climate Change-related Productivity Losses [viewed]

UNU23 September 2014: An article published by the UN University (UNU) argues that the economic case for climate action is further strengthened by heat-related labor productivity losses resulting from climate change, which amount to billions of US dollars. While the physiological limits of human beings exposed to heat when working have long been studied in public health science, scientists and economists have only recently begun paying attention to their links to climate change, according to environmental and occupational health scientist Tord Kjellstrom.

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Africa to Issue over US$1 Billion in Climate Change Catastrophe Bonds [viewed]

african-risk-capacity22 September 2014: In order to leverage available capital for climate change adaptation, African States are set to announce the African Risk Capacity (ARC) Extreme Climate Facility (XCF), a multi-year funding mechanism that will issue climate change catastrophe bonds. The bonds, to be issued in 2016, will provide additional financing to participating countries to enhance adaptation investments, in case extreme heat, droughts, floods or cyclones increase in frequency and intensity in Africa.

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Event: 25th Annual SPREP Meeting [viewed]

The 25th annual meeting of the Secretariat of the Pacific Regional Environment Programme (SPREP) will review progress over the past year, and discuss institutional reform, regional conventions, corporate services, regional cooperation, and the 2015 work programme and budget. The meeting of officials will be followed by a high-level ministerial meeting on 3 October to discuss climate change financing, ocean conservation and management, and countries' follow-up to the Third Conference on Small Island Developing States (SIDS).  

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UNGA General Debate Reflects on Climate Summit, Future Action [viewed]

unga6925 September 2015: The 69th UN General Assembly (UNGA) convened for the second day of its general debate. Many speakers addressed climate change, reflecting on UN Secretary-General Ban Ki-moon's Climate Summit and highlighting areas for future action.

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EBRD, CIF, GEF to Accelerate Climate Investments [viewed]

ebrd-cif-gef24 September 2014: The European Bank for Reconstruction and Development (EBRD) is financing clean energy projects through its own investments, as well as through partnering with the Climate Investment Funds (CIF) and the Global Environment Facility (GEF). These funds aim to scale up climate finance by providing concessional funding and enhancing knowledge sharing and advisory support, which has increased commercial financing for sustainable energy investments.

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UN-Led Initiative Considers Disaster Resilience Financial Reporting [viewed]

unisdr-unep-wef24 September 2014: During the UN Climate Summit, the UN Office for Disaster Risk Reduction (UNISDR), the World Economic Forum (WEF) and other partners, including Standard & Poor's Ratings Services, Swiss Re, Willis Group Holdings and the UN Environmental Programme (UNEP), launched the 'Integrating Risks into the Financial System: The 1-in-100 Initiative.'

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Djibouti, Peru Accept Doha Amendment [viewed]

djibouti-peru24 September 2014: The UNFCCC Secretariat has reported that the Governments of Djibouti and Peru have accepted the Doha Amendment, which formalizes commitments for the second commitment period of the Kyoto Protocol (2013-2020). This brings the total number of Parties that have deposited their instruments of acceptance to 17.

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Bank of America Announces Clean Energy Finance Initiative [viewed]

bank-america23 September 2014: Bank of America has announced a Catalytic Finance Initiative to stimulate US$10 billion worth of new investment in clean energy projects. The initiative will focus on developing or advancing innovative financing structures that reduce investment risk, and attract a range of institutional investors.

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UNEP, Investors Launch Coalition to Decarbonize Institutional Investment [viewed]

UNEP23 September 2014: A group of institutional investors have partnered with the UN Environment Programme (UNEP) and its Finance Initiative (UNEP FI) to decarbonize US$100 billion of institutional investment.

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Global Transport Alliances Launched at UN Climate Summit [viewed]

UN Climate Summit 201423 September 2014: Four global transport alliances launched or advanced initiatives aimed at significantly scaling up low-carbon transport technologies. These initiatives, which were launched during the UN Climate Summit, are expected to increase the number of electric vehicles on the road, improve rail transport and air travel efficiency, and provide sustainable public transportation options globally.

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