Technology

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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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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UNFPA Tool Identifies Climate Vulnerable Populations and Areas [viewed]

iied-unfpa24 September 2014: The UN Population Fund (UNFPA) has developed a tool, called ‘Demographic Exploration for Climate Adaptation' (DECA), which allows experts, policymakers and community members to identify where vulnerable people are located and what conditions contribute to their vulnerabilities.

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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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High-Level Event Highlights Land-Based Adaptation [viewed]

UNCCD logo23 September 2014: A high-level event, titled ‘Sustainable Land Management for Adaptation, Resilience and Food Security,' which was co-organized by Germany, Iceland, Morocco, Qatar and the UN Convention to Combat Desertification (UNCCD) Secretariat, convened on the eve of the UN Climate Summit in New York.

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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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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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