Finance

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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OECD's ENVIRONET, WP-STAT Review Rio Markers in ODA Reporting [viewed]

OECD_NEW18 September 2014: The Organisation for Economic Co-operation and Development (OECD) Development Assistance Committee (DAC) Working Party on Development Finance Statistics (WP-STAT) and Network on Environment and Development Co-operation (ENVIRONET) held a joint expert meeting to review progress and improvements in members' reporting to the DAC on environment-related Official Development Assistance (ODA) and Other Official Flows (OOF), including the use of the Rio Markers.

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Mitigation and MRV Partnership Holds INDCs Summer School [viewed]

MRV10 September 2014: The third Summer School of the International Partnership on Mitigation and MRV, focusing on the preparation and implementation of Intended Nationally Determined Contributions (INDCs), attracted 28 policymakers and negotiators from 20 developed and developing countries and the EU.

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IMF Analyzes Co-Benefits of Carbon Pricing [viewed]

IMFSeptember 2014: The International Monetary Fund (IMF) has released a working paper, titled ‘How Much Carbon Pricing is in Countries' Own Interests? The Critical Role of Co-Benefits.' The paper assesses, for the top 20 emitting countries, the degree to which carbon pricing is in countries' national interests by analyzing domestic co-benefits before even considering climate benefits.

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Event: Asia and the Pacific Regional Workshop: Promoting the CDM and the Market Mechanisms [viewed]

The Asia and the Pacific Regional Workshop, to be held from 13-15 October in Bangkok, Thailand, will bring together designated national authorities (DNAs), national focal points (NFPs) and mitigation and market experts from the region, among others, to update market stakeholders on: recent developments in the Clean Development Mechanism (CDM); future and existing mechanisms; and new and emerging emission trading schemes. The workshop will also allow for an exchange of knowledge and experience in promoting carbon finance and mitigation action in Asia and the Pacific.  

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UN Climate Summit Catalyzes Action [viewed]

climate-summit-iisdrs23 September 2014: Climate Summit 2014 has concluded with countries committing to domestic action on climate change and pledging a total of US$2.3 billion to the Green Climate Fund (GCF).

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69th UN General Debate Opens, Addressing Post-2015 Agenda, Climate Change [viewed]

unga6924 September 2014: The UN General Assembly (UNGA) opened its 69th General Debate on 24 September 2014, at UN Headquarters in New York, US. Many Heads of State and Government addressed the post-2015 development agenda, including its architecture and means of implementation (MOI). Many applauded UN Secretary-General Ban Ki-moon's UN Climate Summit the day before, with several calling for future actions, including a legally binding agreement on climate change. Speakers also addressed strengthening international security, reforming the UN and tackling Ebola.

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