Finance

COP 21 Considers Revised Draft Paris Outcome [viewed]

cop21_day1110 December 2015: Negotiations continued on the draft outcome of the Paris Climate Change Conference on Thursday, 10 December, with COP 21 President Laurent Fabius introducing a revised draft text in the evening. Fabius said there are “open options” on the most complex issues of differentiation, finance and ambition, and asked delegates to examine the document with a "new perspective,” keeping the final agreement in mind, suggesting “we are extremely close to the finish line.” Following a second night of negotiations, delegates were told on Friday that the sixth meeting of the Comité de Paris would convene Saturday morning, 12 December, during which a final draft of the proposed Paris Outcome would be presented.

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Guide Offers Green Bonds Toolbox [viewed]

scaling_up_green_bond9 December 2015: The Climate Bonds Initiative and the UN Environment Programme (UNEP) launched a guide for public sector decision makers on scaling up green bond markets for climate change mitigation and other objectives of sustainable development. The guide aims to accelerate the growth of the green bond market to achieve the US$6.2 trillion of annual investment estimated necessary to build the infrastructure of low-carbon economies around the world.

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LPAA Results in Over 70 Major Climate Action Initiatives [viewed]

lpaa9 December 2015: The Lima-Paris Action Agenda (LPAA), which convened on the sidelines of the Paris Climate Change Conference, illustrated the “massive and rising response by cities, regions, business and civil society to take ambitious climate action, frequently in cooperation with national governments,” according to the UNFCCC Secretariat. The LPAA resulted in over 70 major initiatives from nearly 10,000 actors from 180 countries on agriculture, building, business, cities, forests, innovation, private finance, resilience, short-lived climate pollutants, transport and water.

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COP 21 Considers Revised Draft Outcome [viewed]

cop219 December: Delegates at COP 21 discussed a revised version of the Paris outcome during an evening session of the Comité de Paris. Introducing the revised draft, COP 21 President Laurent Fabius informed parties that the text: is “inspired” by the ADP draft Paris outcome from Saturday, 5 December; incorporates ministerial facilitators' recommendations; and draws from ADP co-facilitators' suggestions and experience. He explained that the 29-page text, which contains three-fourths fewer brackets than the previous draft, aims to provide an overview of progress made and identify clear options on three cross-cutting issues still to be settled at the political level.

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COP 21 Considering Draft Paris Outcome [viewed]

cop218 December 2015: Negotiations advanced on the draft outcome of COP 21, with minister-led informal consultations, bilaterals and party-led breakout groups under the "Comité de Paris" on: support: MOI (finance, technology and capacity building); acceleration of pre-2020 action (workstream 2, excluding pre-2020 finance); adaptation, and loss and damage; differentiation, in particular with regard to mitigation, finance and transparency; ambition, including long-term goals and periodic review; facilitating implementation and compliance; preamble; forests; cooperative mechanisms; and response measures.

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Business Leaders Commit to Advancing Low-carbon Economy [viewed]

Global Compact8 December 2015: The third annual Caring for Climate Business Forum brought together 400 business leaders, government officials and other stakeholders to discuss how business can accelerate action for climate change mitigation, and to announce new commitments by business leaders and joint initiatives. The event showed that a growing number of businesses is taking forward-looking actions to develop viable business models in support of a low-carbon economy.

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Energy Day Launches Major Initiatives on Renewables, Efficiency and Access [viewed]

s4all_irena_lpaa7 December 2015: A number of major cooperative initiatives on renewable energy, energy access and energy efficiency were announced during Energy Day at the Paris Climate Change Conference. Hundreds of participants from governments, businesses and financial institutions participated in the event held as part of the Lima-Paris Action Agenda (LPAA) Focus on Energy.

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UNDP, WRI Report Recommends Supporting MSEs in Adaptation Efforts [viewed]

undp_wri8 December 2015: Focusing on micro and small enterprises (MSEs) is critical to climate change adaptation because these businesses provide livelihoods for the world's poor, who are particularly vulnerable to climate change, according to a report by the UN Development Programme (UNDP) and the World Resources Institute (WRI). UNDP and WRI launched the report on the sidelines of the Paris Climate Change Conference.

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GLF Highlights Climate-related Land-Use Issues and Research [viewed]

glf_paris7 December 2015: The 2015 Global Landscapes Forum (GLF) gathered more than 3,000 people to discuss priority issues including land restoration, financing for sustainable landscapes and strengthening the role of indigenous peoples and local communities in land-related decision-making. Several publications were launched in concert with the Forum, which convened from 5-6 December 2015, on the sidelines of the Paris Climate Change Conference.

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Coalition of Financial Institutions Sign Five Principles for Mainstreaming Climate Action [viewed]

finantial_institutions7 December 2015: A coalition of 26 financial institutions has signed on to five voluntary principles, titled ‘Mainstreaming Climate Action Within Financial Institutions,' pledging to scale up their efforts to address climate change and to continue to integrate climate considerations into their investments and advisory functions. The principles outline how financial institutions can: commit to climate strategies; manage climate risks; promote climate smart objectives; improve climate performance; and account for climate action.

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