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.

UNEP Inquiry Highlights Green Finance in 13 Developing Countries [viewed]

UNEP Logo18 July 2016: The UN Environment Programme (UNEP) Inquiry into the Design of a Sustainable Financial System has published a report highlighting the diverse experiences of 13 developing countries in directing finance toward sustainable development aims. Launching the report to coincide with the 2016 session of the UN High-level Political Forum on Sustainable Development (HLPF), UNEP emphasized the need for financing at the level of US$5-7 trillion each year to implement the Sustainable Development Goals (SDGs).

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Capacity Building and Technology Update: TEC Highlights 20 Years of Technological Assistance; Capacity-Building Activities Focus on DRR, Combating Desertification [viewed]

technologyupdate15 July 2016: The past weeks' activities under and outside the UNFCCC sought to build developing countries' capacity on climate change adaptation, disaster risk management (DRM) and other climate change-related issues, and to identify additional opportunities with regard to capacity building, and technology development and transfer.

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COFI 32 Concludes, Discusses Aquaculture and Blue Growth [viewed]

fao_headquarters15 July 2016: The 32nd session of the Committee on Fisheries (COFI) has concluded with participants welcoming the entry into force of the Agreement of the Food and Agriculture Organization of the UN (FAO) on Port State Measures to Prevent, Deter and Eliminate Illegal, Unreported and Unregulated (IUU) Fishing (PSMA). The meeting also featured discussions on aquaculture, food security and blue growth, among other issues.

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SDG 2 Event Highlights Need for Deep Transformation [viewed]

sdg212 July 2016: A discussion hosted by Biovision, the Institute for Sustainable Development and International Relations (IDDRI), the Sustainable Development Solutions Network (SDSN), and the Permanent Mission of Senegal highlighted two initiatives to support the achievement of Sustainable Development Goal (SDG) 2 (End hunger, achieve food security and improved nutrition and promote sustainable agriculture).

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Governments, Stakeholders Discuss Alignment of SDGs and Paris Agreement [viewed]

can_unngls_wri_aid13 July 2016: At a side event during the 2016 session of the UN High-level Political Forum on Sustainable Development (HLPF), representatives of governments, civil society and academia discussed ways to integrate climate change and sustainable development planning, by looking at both the 2030 Agenda for Sustainable Development and the Paris Agreement on climate change.

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In FY16, World Bank Provides Over US$61 Billion [viewed]

world_bank_new12 July 2016: The World Bank Group's (World Bank) commitments rose to over US$61 billion in loans, grants, equity investments and guarantees to countries and private businesses in fiscal year 2016 (FY16), according to a World Bank press release. This financing includes support for climate change and a continued focus on sub-Saharan Africa, which remains a top priority with commitments to countries reaching US$12.5 billion in FY16.

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UNSG Candidates Highlight Gender, UN Reform, Inclusiveness [viewed]

United Nations12 July 2016: UN General Assembly (UNGA) President Mogens Lykketoft held a Townhall event for candidates for the position of next UN Secretary-General to discuss their vision. The event was globally televised live by Al Jazeera Media Network. Ten of the 12 current candidates participated, discussing the challenges and opportunities facing the UN, and taking questions from UN Member States and the public, both from the floor and via video.

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Event: Friends of the President Meeting on a Global MBM Scheme for International Aviation [viewed]

This Friends of the President Informal Group Meeting on a Global Market-based Measure (MBM) Scheme for International Aviation will evaluate the results of the bilateral and multilateral consultations by countries related to the draft resolution text on a global MBM scheme for international aviation, building on results of the High-level Meeting on a Global MBM Scheme held in May 2016 and the June 2016 decision by the Council of the International Civil Aviation Organization (ICAO) in June 2016. The aim of the meeting is to develop compromise text for consideration by the ICAO Council and its submission to the 39th Session of the ICAO Assembly to be held from 27 September to 7 October 2016, in Montreal, Canada.  

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Adaptation and Loss and Damage Update: NAP Expo 2016 Underway, DRM Activities Enhance Urban Resilience [viewed]

adaptation_lost_damage11 July 2016: News in recent weeks related to climate change adaptation, disaster risk management (DRM) and disaster risk reduction (DRR) brought the issue of urban resilience to the forefront. NAP Expo 2016 and the Second Global Conference on Health and Climate contributed to the implementation of the Paris Agreement by giving renewed impetus to efforts to formulate and implement national adaptation plans (NAPs), and build healthier societies.

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Petersberg Climate Dialogue VII Builds Momentum toward Paris Agreement Implementation [viewed]

germany_morocco5 July 2016: During the seventh Petersberg Climate Dialogue, themed 'Making the Paris Agreement a Reality,' the 35 countries in attendance focused on swift implementation of the Paris Agreement. The German hosts announced a global partnership to support the implementation of nationally determined contributions (NDCs) and indicated their intent to conclude the steps in the German ratification process before the 22nd session of the Conference of the Parties to the UNFCCC (COP 22) in November 2016.

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