Finance

UNGA General Debate 2014 Addresses Climate Agreement, Financing, SIDS [viewed]

United Nations27 September 2014: During days three and four of the UN General Assembly (UNGA) General Debate 2014, many speakers addressed climate change. Speakers focused on international and national action, including transitions to renewable energy, and financing. Small island developing States (SIDS) particularly urged action, emphasizing they are already experiencing adverse effects on food and water security, biodiversity and oceans.

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Resilient Cities Acceleration Initiative Launched at UN Climate Summit [viewed]

climate-summit-201425 September 2014: During the UN Climate Summit, commitments were made to: raise US$2 billion for cities at risk from extreme weather events due to climate change; help 500 local governments develop resilience action plans by 2020; and double the number of cities and partners committed to building resilience by the end of 2015.

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World Bank Identifies Clean-Tech Market Opportunities for SMEs [viewed]

world-bank-group24 September 2014: The World Bank Group has released a report, titled ‘Building Competitive Green Industries: The Climate and Clean Technology Opportunity for Developing Countries,' which quantifies opportunities for small and medium-sized enterprises (SMEs) in developing countries to generate profits and create jobs, while providing solutions to climate challenges.

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ICAO, Aviation Industry Cooperate on Climate Change [viewed]

icao-atag23 September 2014: The International Civil Aviation Organization (ICAO) and the aviation industry, represented by the Air Transport Action Group (ATAG), have announced a commitment to sustainable growth through actions including efficiency improvements, alternative fuel use, and market-based measures to cut emissions. The announcement was made as a contribution to the Climate Summit, which was held on 23 September 2014, in New York, US.

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AfDB to Enhance Climate Finance Access [viewed]

AfDB23 September 2014: On the eve of the UN Climate Summit, the African Development Bank (AfDB) participated in high-level meetings on financing opportunities for a climate-smart Africa, including the Clim-Dev Africa Special Fund (CDSF) and the Sustainable Energy for All (SE4ALL) Initiative.

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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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