Economics, Trade & Investment

This section deals with the perceived tension between effective action to slow climate change and maintenance of competitiveness. It also covers investments in climate change mitigation and adaptation activities, and the growing financial architecture responding to the climate change challenge.

UNECA Holds Regional Consultation on FfD, Prepares Common Position [viewed]

UNECA24 March 2015: The UN Economic Commission for Africa (UNECA) hosted a regional consultation for high-level political and Central Bank representatives, NGOs, civil society and the private sector to discuss: financing the post-2015 development agenda; Africa's progress since the Monterrey Consensus; climate financing; international private financial flows; international public finance and sovereign debt; trade, partnerships, technology and innovation; systemic issues; and monitoring, data and follow up, among other issues. The results of the consultation will be included as part of a Common African Position for the Third International Conference on Financing for Development (FfD 3).

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UNFCCC Publishes SBI 42 and SBSTA 42 Agendas [viewed]

UNFCCC23 March 2015: The UNFCCC Secretariat has published the agenda for the 42nd sessions of the Subsidiarity Body for Implementation (SBI) (FCCC/SBI/2015/1) and the Subsidiary Body for Scientific and Technological Advice (SBSTA) (FCCC/SBSTA/2015/1).

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Civil Society Calls for Ambitious Targets and Indicators for SDG on Energy [viewed]

measuring_what_matters23 March 2015: A policy brief representing the views of 28 civil society organizations (CSOs), companies and umbrella organizations outlines targets and indicators to support the proposed Sustainable Development Goal (SDG) on energy. Produced by Practical Action, Catholic Agency For Overseas Development (CAFOD) and the World Wildlife Fund (WWF), the brief calls for robust indicators and clear milestones.

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G20 Energy Efficiency Finance Task Group Holds Inaugural Meeting [viewed]

g20-turkey13 March 2015: During the first working session of the Group of 20 (G20) Energy Efficiency Finance Task Group (EEFTG), participants focused on enhancing understanding of the participating economies' challenges in increasing flows of energy efficiency finance and on potential opportunities for international cooperation in this area. The Task Group, coordinated by the International Partnership for Energy Efficiency Cooperation (IPEEC), was among the six work streams announced at the G20 Leaders' Summit in November 2014.

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GGKP Conference Explores Fiscal Measures for Green Economy Transitions [viewed]

green-growth-plataformMarch 2015: Participants explored fiscal measures for climate change mitigation and adaptation, environmental taxes in developing countries, sustainable water management, green fiscal reform and incentives for clean energy investments, among other topics at the Green Growth Knowledge Platform's (GGKP) third annual conference. The conference report, titled ‘Fiscal Policies and the Green Economy Transition: Generating Knowledge, Creating Impact,' highlights key messages and provides an overview of the sessions.

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Event: FCPF 19th Participants Committee Meeting (PC19) [viewed]

The Forest Carbon Partnership Facility (FCPF) will convene the 19th Participants Committee Meeting in order to consider updates and reviews to FCPF processes and funding requests.  

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Event: Major Economies Forum on Energy and Climate (MEF) [viewed]

The first meeting of the MEF in 2015 is tentatively scheduled for 19-20 April 2015. The MEF intends to convene four times in 2015. The Forum, launched in 2009 by US President Barack Obama, is aimed at facilitating candid dialogue among major emitting countries, both developed and developing, to garner the political leadership needed to advance efforts against climate change. The 17 major economies participating are: Australia, Brazil, Canada, China, the EU, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russian Federation, South Africa, the UK and the US.  

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Ninth GCF Board Meeting Opens [viewed]

green-climate-fund-new24 March 2015: The ninth meeting of the Board of the Green Climate Fund (GCF) opened in Songdo, Republic of Korea, on 24 March. This meeting is the first since over US$10 billion was pledged to the Fund in late 2014, as part of the Fund's Initial Resource Mobilization (IRM). The meeting will focus on the remaining elements needed to begin approving programme and project proposals no later than the Board's 11th meeting.

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Bonn Challenge Welcomes Restoration Pledges [viewed]

bonn_challenge_conference21 March 2015: On the occasion of the International Day of Forests, the Second International Conference on the Bonn Challenge resulted in a number of forest restoration commitments by national governments, bringing the total area to be restored to more than 59 million hectares.

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WCDRR Adopts Sendai Framework for Disaster Risk Reduction [viewed]

wcdrr_meeting19 March 2015: Representatives from 187 countries have adopted the ‘Sendai Framework for Disaster Risk Reduction 2015-2030,' making it the first major agreement of the post-2015 development agenda. The Framework, which was adopted following a marathon round of negotiations at the 3rd World Conference on Disaster Risk Reduction (WCDRR) held in Sendai, Japan, includes seven targets and four priorities for action.

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