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.

UNCCD, Partners Explore Land-Based Solutions to Counter Rural Exodus in West Africa [viewed]

global-mechanism-iom22 June 2016: A joint project by the Global Mechanism (GM) of the UN Convention to Combat Desertification (UNCCD) and the International Organization for Migration (IOM) is exploring ways to stem the rural-urban exodus in West Africa by developing sustainable alternatives for seasonal migration. Such migration was traditionally used as a coping mechanism in times of poor harvests or extreme drought, but is increasingly being replaced by more permanent relocation due to the cumulative impact of drought, land degradation and climate change on local livelihoods.

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UN Global Compact Summit Calls for Business Leadership on SDGs [viewed]

Globalcompact23 June 2016: Participants at the UN Global Compact's 2016 Leaders Summit discussed how to reach a new era of sustainability with responsible business practices, innovation, targeted investment and transformative partnerships. The Compact presented its priorities for the next five years, which include impact reporting and partnerships between the UN and business.

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High Level Forum Agrees on Actions to Increase Urban Resilience [viewed]

UNISDR17 June 2016: Ministers, government officials, mayors and UN representatives have agreed on actions that will make cities more resilient against disasters. The High Level Forum on 'Implementing the Sendai Framework For Disaster Risk Reduction (DRR) at the Local Level' marked the first time that mayors and representatives of municipalities came together to discuss how to implement the Framework. The meeting resulted in an outcome document titled 'The Florence Way Forward,' which recognizes the importance of coherence at the local level to complement overall implementation of the 2030 Agenda for Sustainable Development and the Paris Agreement on climate change.

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Mitigation Update: Solar and Wind Prices Plummet as Temperatures and Sea Levels Rise [viewed]

mitigation_update22 June 2016: The first five months of 2016 have served as a reminder of the urgency of mitigating climate change as each month, January-May, has set global temperature records, according to the World Meteorological Organization (WMO). On 17 June, the WMO announced May's record, saying combined average temperature over land and ocean surfaces was 0.87°C above the 20th century average of 14.8°C. May is the 13th consecutive month to set a global temperature high.

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EU Council Calls for Coherent Response to Arctic Region Challenges [viewed]

european_council20 June 2016: Recognizing that global activities have contributed to the "significant risks posed by climate change and environmental impacts" to the Arctic, the EU Council has issued conclusions emphasizing the need for implementation of commitments under environmental agreements, especially the Paris Agreement on climate change. The conclusions were adopted at a meeting of the EU's Foreign Affairs Council held on 20 June, where foreign ministers discussed an integrated EU policy for the Arctic, including a joint communication on the matter adopted on 27 April by the European Commission and the High Representative.

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Event: 2016 Business and Climate Summit [viewed]

This Summit will bring together leaders from business, government and finance to develop a roadmap for how business, in the short, medium and long term, can take advantage of a swift transition to the net zero carbon economy. Day one will focus on implementing the Paris Agreement, and sessions will address, inter alia: what the Paris Agreement means for business; how business can bend the curve below 2°C above pre-industrial levels; the energy transition and achieving Sustainable Development Goal 7 (SDG 7) (ensure access to affordable, reliable, sustainable and clean energy) and climate goals; the role of business in achieving climate-positive land use in agriculture and forestry; decarbonizing transport; doubling global real estate in a 2°C world; and accelerating the business transition to the circular economy. Day 2 will focus in finance, innovation and policy for the low carbon transition, and include session on, inter alia: financing the low carbon economy; risk disclosure; achieving climate goals with the right carbon pricing mechanisms; innovation, collaboration and leadership for business in a post-Paris world; the role and responsibility of creative industries on climate action; and climate and trade. The Summit is being convened by The Climate Group and We Mean Business, and supported by, among others, the World Business Council for Sustainable Development (WBCSD) and the UN Global Compact.  

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Event: First Alliances and Coalitions Global Forum [viewed]

The Forum is being organized by the incoming Moroccan Presidency of the 22nd session of the Conference of the Parties (COP 22) in collaboration with the French Presidency of COP 21, the UN Secretary-General, the UNFCCC and Peru. The Forum's aim is to lay the groundwork for the organization of the high-level event on climate action, scheduled to take place during COP 22 in Marrakesh, Morocco. It will also provide the opportunity for: the strengthening of coordination of climate action and encourage new voluntary initiatives; coalitions to discuss their implementation and plans for Marrakesh, and possible cooperation and synergies; the high-level champions to showcase their vision and expectations to maintain action and strengthen voluntary initiatives to accelerate the pathway from 2 °C to 1.5 °C. Parties and non-governmental stakeholders will also discuss ways to: strengthen the links between national action plans and voluntary initiatives, as well as the organization of the voluntary initiatives themselves; improve access to data; and share good practices. Key themes for discussion include: the strengthening of initiatives and means of implementation: the link between voluntary initiatives, Nationally Determined Contributions (NDCs) and the Sustainable Development Goals (SDGs); credibility and a reporting system; the high-level event on climate action in Marrakesh; organizational support to maintain the dynamics of voluntary action. An aide-memoire capturing the discussions will be produced and published after the forum.  

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CIF Discuss Future Strategy, Share Experiences in Forest Management [viewed]

CIF20 June 2016: The governing bodies of the Climate Investment Funds (CIF) met to make decisions on the Funds' future strategy. The meetings attracted the participation of over 150 experts from approximately 50 developing and donor countries, as well as international organizations and civil society. Following the official opening of the governing body meetings, on 12 June, the joint Clean Technology Fund (CTF) and Strategic Climate Fund (SCF) Trust Fund Committees met on 15 June. This meeting was followed by the CTF Trust Fund Committee Meeting on 16 June.

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European Development Days Focus on SDG Implementation [viewed]

edd16 June 2016: Participants at the European Development Days (EDD 2016) underscored the role of partnerships in implementing the 2030 Agenda for Sustainable Development. The tenth anniversary of the EDD, which was organized by the European Commission (EC), focused on 15 topics related to the implementation of the Sustainable Development Goals (SDGs).

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Oslo REDD Exchange Discusses Implementation, Cross-Cutting Themes [viewed]

NORAD16 June 2016: The Oslo REDD Exchange 2016 shared ideas, experiences and perspectives among professionals and leaders working on reducing deforestation and forest degradation in developing countries (REDD+). Discussions focused on REDD+ implementation at national and subnational levels in light of the Paris Agreement, and cross-cutting themes, including on financing options, corporate supply chain commitments, indigenous peoples and monitoring technologies.

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