Finance

FS-UNEP Highlights Climate Finance Projects and Training [viewed]

fs-unep-centreAugust 2014: The Frankfurt School (FS)-UN Environment Programme (UNEP) Collaborating Centre for Climate and Sustainable Energy Finance has published its sixth newsletter, which highlights, inter alia, work the Centre has carried out to increase the resilience of microfinance institutions (MFIs), to shift finance toward climate-friendly investments and to equip professionals to become climate and renewable energy finance experts.

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BMUB, IKI Workshop Advances Common Understanding of INDCs [viewed]

BMUB.IKI10 June 2014: Over 40 experts from International Climate Initiative (IKI) projects gathered for a workshop to discuss the information necessary for, and the potential elements of, intended nationally determined contributions (INDCs). The event served as a platform for sharing participants' experiences in working with their partner countries and building a common understanding of INDCs.

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BASIC Call for Finalizing Elements of Draft Negotiating Text in Lima [viewed]

Indian Flag8 August 2014: The 18th BASIC Ministerial Meeting on Climate Change brought together representatives from Brazil, India, South Africa and China (BASIC), who adopted a joint statement emphasizing the need to finalize the elements of a draft negotiating text for the 2015 agreement at the 20th session of the Conference of the Parties (COP 20) to the UNFCCC, to be held in Lima, Peru, in December 2014.

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NAP Expo 2014 Catalyzes Actions and Support for NAP Process [viewed]

UNFCCC9 August 2014: The National Adaptation Plan (NAP) Expo 2014 provided an opportunity to mobilize action and support for the formulation and implementation of NAPs, to share technical knowledge and tools, and identify gaps and needs of LDCs and other developing countries as they undertake their NAP process.

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GCF Calls for Inputs on Investment Framework [viewed]

Green Climate Fund (GCF)7 August 2014: The Secretariat of the Green Climate Fund (GCF) has issued a call for public inputs on aspects relating to the development of the Fund's investment framework. The call follows the adoption by the GCF Board of the Fund's initial investment framework in May 2014, and inputs will feed into the Board's consideration of the framework's further development.

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World Bank Announces US$5bn for Power Generation in Africa [viewed]

power.africa5 August 2014: The World Bank has committed US$5 billion in technical and financial support for energy projects in six African countries partnering with US President Barack Obama's Power Africa Initiative. The support will consist of direct financing, investment guarantees and advisory services for project preparation, with the aim of creating 2.5 GW in new electricity generation capacity.

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UN Secretary-General Releases Climate Summit 2014 Scenario [viewed]

climate-summit20144 August 2014: UN Secretary-General Ban Ki-moon has released the programme for the UN Climate Summit – Catalyzing Action, scheduled to take place at UN Headquarters in New York, US, on 23 September 2014.

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ADB, Private Equity Investments Partner in Climate-Related Transactions [viewed]

ADB4 August 2014: The Asian Development Bank (ADB), ORIX Corporation (ORIX) and Robeco Institutional Asset Management B.V. (Robeco) have formed a joint venture titled 'Asia Climate Partners' (ACP), which will undertake commercially-viable, private equity investments across a range of low-carbon transactions throughout Asia.

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IMF Stresses Role of Taxes for Sustainable Energy Pricing [viewed]

international.monetary.fund31 July 2014: The International Monetary Fund (IMF) has released a book for policy makers on how to use tax policy to ensure that energy prices properly reflect impacts on the environment and sustainable economic development.

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July 2014 Climate Finance Update [viewed]

EIB-CIF-AfDB-EBRD-World Bank-GEF31 July 2014: During July 2014, the European Investment Bank (EIB) and the Global Environment Facility (GEF) have reported on climate investments. Both the African Development Bank (AfDB) and European Bank for Reconstruction and Development (EBRD) announced partnerships with the Climate Investment Funds (CIF) for a variety of climate-related investments. The World Bank also announced additional funding to be provided by CIF.

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