Mitigation

Banks Pledge US$7 Billion for Clean Energy, World Bank Adopts Climate Change Action Plan [viewed]

bloomberg_wbg7 April 2016: A number of private banks and the World Bank Group (WBG) have announced initiatives that will contribute to implementing the Paris Agreement on climate change, which was adopted in December 2015, as well as various Sustainable Development Goals (SDGs). By pledging US$7 billion, a group of eight banks and investors have joined the Bank of America's initiative aimed at stimulating US$10 billion for investments in clean energy and sustainable development. For its part, the WBG has announced its Climate Change Action Plan, which aims to support countries in delivering on their national climate plans, also referred to as Nationally Determined Contributions (NDCs) under the UNFCCC, and sets ambitious targets for 2020 in high-impact areas, including clean energy, green transport, climate-smart agriculture and urban resilience.

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Event: ICAO High-level Meeting on a Global Market-Based Measure Scheme for Global Aviation [viewed]

This meeting will discuss draft International Civil Aviation Organization (ICAO) Assembly resolution text on a global market-based measure (MBM) scheme and make recommendations to the 208th session of the ICAO Council, in preparation for the 39th Session of the ICAO Assembly, which will meet from 27 September to 7 October 2016. This high-level meeting will be attended by ICAO Contracting States and other international organizations with direct involvement in aviation and/or the environment. Prior to the meeting, on 10 May, a briefing will review the basic elements of the global MBM proposal. In 2013, the 38th session of the ICAO Assembly adopted a resolution, deciding to develop a global MBM scheme for international aviation. The meeting is being organized by ICAO.  

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Implementation Update: Momentum Builds Ahead of Paris Agreement Signing Ceremony [viewed]

UNFCCC8 April 2016: This Implementation Update report summarizes activities by UNFCCC Parties related to the fulfillment of their commitments, especially following the adoption in 2015 of the Paris Agreement and in the context of the Sustainable Development Goals (SDGs). Recent news includes actions taken by the UNFCCC Secretariat to support implementation, announcements by Parties of their intention to sign or ratify the Paris Agreement, and efforts by Canada, the US and Thailand aimed at accelerating climate action.

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OEWG 37 Discusses Challenges for HFC Amendment [viewed]

oewg378April 2016: The 37th meeting of the Open-Ended Working Group (OEWG 37) of the parties to the Montreal Protocol on Substances that Deplete the Ozone Layer discussed challenges involved with adopting a Protocol amendment regarding hydrofluorocarbons (HFCs). The Group reached agreement on compromise draft text for a formal exemption for high-ambient temperature (HAT) countries, and a linked deferral procedure, but suspended the session without completion of other matters, including on financing.

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BASIC Countries Discuss Paris Agreement Implementation [viewed]

brazil_southafrica_india_china7 April 2016: At the conclusion of their 22nd Meeting on Climate Change, Ministers from Brazil, South Africa, India and China (BASIC countries) issued a joint statement, pledging to sign the Paris Agreement on 22 April 2016 during the High-Level Signature Ceremony convened by the UN Secretary-General and to initiate domestic processes for ratification, acceptance or approval as soon as possible.

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Asia-Pacific Adopts Plan for Financing 2030 Agenda, GCF Offers Support [viewed]

UNESCAP31 March 2016: Delegates at a UN regional dialogue on Financing for Development (FfD) agreed on follow-up steps towards implementing the 2030 Agenda for Sustainable Development, including plans to nurture capital markets and establish a regional forum on tax cooperation in the Asia-Pacific region. At the meeting, the Green Climate Fund (GCF) urged countries to submit innovative project proposals on responding to climate challenges, for possible financing.

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Event: Oceans and Climate Meeting in Preparation for Oceans Day at UNFCCC COP 22 [viewed]

This is the third in a series of initial discussion meetings on oceans and climate change, which aim to: prioritize actions to be undertaken during the next 12 months to advance specific aspects of the oceans and climate agenda; help mobilize a group of high-level leaders on oceans and climate to provide the necessary political impetus and support; consider which collaborating organizations have the comparative advantage and willingness to take the lead on specific priority actions; and initiate work with the Government of Morocco and others to ensure oceans issues are prominent at the 22nd session of the Conference of the Parties (COP 22) to the UNFCCC, in particular, through the convening of Oceans Day. Priority actions will draw from recommendations on oceans and climate related to mitigation, adaptation, displacement, financing, and capacity development, laid out at Oceans Day during UNFCCC COP 21.  

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March 2016 Climate Finance Update: Fund Boards Meet, Carbon Markets Under the Spotlight [viewed]

march2016_climate_finance7 April 2016: In the Paris Agreement, agreed upon by 195 UN Member States in December 2015, countries agreed to make “finance flows consistent with a pathway towards low greenhouse gas (GHG) emissions and climate-resilient development.” Developing countries will receive financial resources for both mitigation and adaptation actions, while developed countries are expected to continue to lead in mobilizing climate finance from a variety of sources, with public funds playing a significant role in reaching the previously agreed US$100 billion annual target by 2020. Monthly IIDS RS Climate Finance Updates aim to help track multilateral financing to support the finance goal agreed under the UNFCCC, which will in turn contribute to the implementation of Sustainable Development Goal (SDG) 13 (Take urgent action to combat climate change and its impacts).

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Event: Oceans and Climate Meeting in Preparation for Oceans Day at UNFCCC COP 22 [viewed]

This meeting will convene on the sidelines of the first meeting of the Preparatory Committee on an international legally binding instrument on biodiversity beyond national jurisdiction (BBNJ). It is part of a series of initial discussion meetings on oceans and climate change, which aim to: prioritize actions to be undertaken during the next 12 months to advance specific aspects of the oceans and climate agenda; help mobilize a group of high-level leaders on oceans and climate to provide the necessary political impetus and support; consider which collaborating organizations have the comparative advantage and willingness to take the lead on specific priority actions; and initiate work with the Government of Morocco and others to ensure oceans issues are prominent at the 22nd session of the Conference of the Parties (COP 22) to the UNFCCC, in particular, through the convening of Oceans Day. Priority actions will draw from recommendations on oceans and climate related to mitigation, adaptation, displacement, financing, and capacity development, laid out at Oceans Day during UNFCCC COP 21.  

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Policy Update #31: Monthly Forecast: April 2016 [viewed]

As the international sustainable development community begins the fourth month of the “2016 Year of Implementation,” a number of events will demonstrate how various entities are approaching the implementation of the three key outcomes from the “2015 Year of Decision”: the Addis Ababa Action Agenda (AAAA), the 2030 Agenda for Sustainable Development, and the Paris Agreement on climate change.

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