Finance

IPCC Publishes Full Report on Climate Change Mitigation [viewed]

IPCC28 November 2014: The Intergovernmental Panel on Climate Change (IPCC) has published the full version of Working Group III's (WG III) contribution to the IPCC Fifth Assessment Report (AR5), titled ‘Climate Change 2014: Mitigation of Climate Change,' in advance of the UN Climate Change Conference in Lima, Peru. The report explores solutions involved in climate change mitigation based on a comprehensive assessment of the relevant scientific, technical and socioeconomic literature and describes the costs, benefits, risks and trade-offs of alternative policy options.

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Spain Announces EUR120 Million Pledge to GCF [viewed]

spanish-flag28 November 2014: The Government of Spain has pledged to commit €120 million to the Green Climate Fund (GCF), bringing total GCF contributions to US$9.7 billion equivalent. The announcement was made in advance of the 20th session of the Conference of the Parties (COP 20) to the UNFCCC, which is opening in Lima, Peru, on 1 December 2014, and just after the first GCF pledging conference, which took place in Berlin, Germany, on 20 November 2014.

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CIFOR Explores REDD+ Engagement in Peru and Indonesia [viewed]

CIFORDecember 2014: Ahead of the 20th session of the Conference of the Parties to the UNFCCC in Lima, Peru, the Center for International Forestry Research (CIFOR) released two info briefs on REDD+, one focusing on Indonesia, and the other on Peru.

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November 2014 Climate Finance Update [viewed]

adb-eib-idb-wb-ifad-unidoNovember 2014: During November 2014, the African Development Bank (AfDB), the International Fund for Agricultural Development (IFAD), the UN Industrial Development Organization (UNIDO) and the World Bank reported on project approvals and progress in ongoing projects in Africa and Asia. AfDB, the Asian Development Bank (ADB), the European Investment Bank (EIB), the Inter-American Development Bank (IDB) and the World Bank launched publications on, inter alia, climate adaptation technologies, urban climate resilience and climate finance.

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European Parliament Adopts Resolution on Lima Climate Change Conference [viewed]

european-parliament26 November 2014: The European Parliament adopted a resolution stating that the climate change talks being held in Lima, Peru, should pave the way for negotiators to adopt an agreement in 2015 that will limit global average temperatures to warming of less than 2°C. The resolution calls for a 2015 agreement that aims to phase out global carbon emissions by 2050 and reiterates that the European Union (EU) is committed to reducing its greenhouse gas (GHG) emissions to 80-95% below 1990 levels by 2050.

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UNFCCC Releases Technical Paper on Actions with High Mitigation Potential [viewed]

UNFCCC26 November 2014: The UNFCCC Secretariat has released an updated technical paper compiling information on actions, initiatives and options for enhancing mitigation ambition and outlining their mitigation potential (FCCC/TP/2014/13). The technical paper, which updates similar compilations from 2013, will inform the work of the Ad Hoc Working Group on the Durban Platform for Enhanced Action (ADP) on raising pre-2020 ambition at the seventh part of its second session (ADP 2-7).

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US$413 Million Pledged at Cookstoves Future Summit [viewed]

Clean Cookstoves21 November 2014: The Global Alliance for Clean Cookstoves's inaugural pledging event, the Cookstoves Future Summit, raised more than US$400 million for clean cooking technologies over three years. The pledges come from a diverse range of stakeholders, including governments, UN agencies, the private sector and non-governmental organizations (NGOs) and address a range of actions, including affordability and access, awareness and behavior change, monitoring and standards and technology.

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Climate Services Board Reviews GFCS Progress [viewed]

gfcs10 November 2014: A meeting of the Intergovernmental Board on Climate Services reviewed progress and challenges in the provision and use of climate services, including seasonal forecasts and drought and flood management tools. Growing climate impacts highlight the “urgent need” for more cross-cutting climate services and partnerships to help communities adapt to extreme weather and increase disaster resilience.

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CCXG Publishes Papers Relevant to 2015 Climate Agreement [viewed]

OECD_NEWNovember 2014: The Climate Change Expert Group (CCXG) has released four papers examining technical issues relevant to the negotiations towards a 2015 climate change agreement under the UNFCCC.

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Event: Caring for Climate Business Forum: Innovation. Ambition. Collaboration. [viewed]

This Forum, to be convened on the sidelines of the UN Climate Change Conference in Lima, Peru, will provide a multi-stakeholder platform for dialogue and action among governments, UN agencies, business, investors and civil society. The first day of the Forum will include sessions on mitigation, adaptation, technology, finance and other cross-cutting issues, such as carbon pricing, responsible policy engagement and long-term goal setting aligned with climate science. The second day will feature a high-level meeting on corporate climate leadership convening chief and senior business executives, ministers and other government delegates. Nearly 300 participants are expected to attend, including UN Secretary-General Ban Ki-moon. The UN Global Compact, UN Environment Programme (including its Finance Initiative) and the UN Framework Convention on Climate Change (UNFCCC) Secretariat are convening in the Forum.  

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