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.

June 2015 Climate Finance Update [viewed]

june2015-climatefinance11 July 2015: During the month of June, the Asian Development Bank (ADB), the African Development Bank (AfDB), the Inter-American Development Bank (IDB), the World Bank, the Adaptation Fund, the World Agroforestry Centre, the UN Office for Disaster Risk Reduction (UNISDR), the Caribbean Development Bank (CDB), the Global Environment Facility (GEF), the Green Climate Fund (GCF) and the UN Environment Programme (UNEP) DTU Partnership reported on climate finance projects and other related news. ADB, AfDB, GCF, the World Bank, the International Finance Corporation (IFC), the Partnership for Market Readiness (PMR), the Climate Investment Funds (CIF), the UNEP Finance Initiative (UNEP FI) and the International Fund for Agricultural Development (IFAD) launched publications.

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China Submits INDC [viewed]

Flag of China30 June 2015: The UNFCCC Secretariat has announced that the Government of China has submitted its intended nationally determined contribution (INDC). According to its INDC, China intends to peak carbon dioxide (CO2) emissions by around 2030 and lower CO2 emissions per unit of gross domestic product (GDP) by 60-65% from 2005 levels by 2030. China is the 43rd Party to the UNFCCC to formally submit its INDC.

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US-Brazil Intensify Collaboration on Climate Change [viewed]

us-brazil30 June 2015: During an official visit to Washington DC, US, Brazilian President Dilma Rousseff agreed with US President Barack Obama to intensify the collaboration between the two countries, both bilaterally and under the UNFCCC. They issued a Joint US-Brazil Statement on Climate Change that addresses: leadership on the road to the Paris Climate Change Conference in December 2015; ambitious climate action; the launch of a Brazil-US Joint Initiative on Climate Change; cooperation on sustainable land use; and cooperation on clean energy and on climate change adaptation.

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East African Parliamentarians Join Forces to Reduce Disaster Risk [viewed]

unisdr-wb-uganda26 June 2015: Parliamentarians from Burundi, Kenya, Rwanda, Tanzania and Uganda have joined in an effort to reduce the impacts caused by natural threats, epidemics and manmade hazards, by setting up a mechanism that aims to boost governance to reduce disaster risk and reinforce the capacity of populations to build sustainable livelihoods. The East African Disaster Risk Reduction Parliamentarian Platform was established during a June 2015 meeting, organized by the Government of Uganda with support from the World Bank and in collaboration with the Uganda Parliamentarian Forum for Disaster Risk Reduction (DRR).

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Living in a Changing Climate: EEA Reports [viewed]

EEA30 June 2015: The European Environment Agency (EEA) has published its Signals 2015 report titled 'Living in a changing climate' focusing on: current and future climate change impacts in Europe; the main sectors contributing to climate change; and the EU's mitigation and adaptation efforts, particularly in relation to investments, soil, oceans and food production.

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EU, China Adopt Joint Statement on Climate Change [viewed]

eu-china29 June 2015: At the 17th bilateral summit between the EU and China, the two parties adopted a joint statement on climate change, recognizing it as "one of the greatest threats facing humanity" and agreeing to elevate climate change cooperation in their bilateral relations. The summit, which commemorated the 40th anniversary of EU-China diplomatic relations, concluded with the adoption of a summit declaration that acknowledges the critical role the two sides must play in addressing climate change.

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UN Global Compact Celebrates 15th Anniversary, New Executive Director Appointed [viewed]

globalcompact26 June 2015: Marking its 15th anniversary, the UN Global Compact convened a meeting titled 'Business as a Force for Good,' bringing together business and civil society to illustrate how the private sector is taking action and partnering to advance societal priorities, as well as the UN's post-2015 development agenda. During the meeting, Global Compact platforms and working groups convened their respective annual events, while smaller meetings focused on how to contribute to achieving the proposed Sustainable Development Goals (SDGs).

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OECD: Energy Taxation Underutilized as Climate Change Mitigation Measure [viewed]

OECD_NEW25 June 2015: A report released by the Organisation for Economic Co-operation and Development (OECD) notes that energy taxes are one of the most effective policy tools for combating the negative effects of energy use. The report finds, however, that these taxes are currently "poorly aligned" with these negative effects, having limited impact on reducing energy use, increasing energy efficiency and shifting to alternative forms of energy.

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UNGA Holds High-Level Event on Climate Change [viewed]

HLE_Web-Graphics29 June 2015: "We must act with courage," UN General Assembly (UNGA) President Sam Kutesa told UN Member States gathered at the High-Level Event on Climate Change he hosted. He called for "bold, collective action" to "reverse the current trends and preserve our planet." The High-Level Event was convened at the midpoint between the 20th session of the Conference of the Parties (COP 20) to the UNFCCC and COP 21, and aimed to provide political momentum for an ambitious climate agreement.

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BASIC Ministers Outline Views on Paris Agreement [viewed]

Brazilian flag28 June 2015: Ministers from the four BASIC (Brazil, South Africa, India and China) countries convened for the group's 20th Ministerial Meeting on Climate Change to discuss: the outcomes of the previous sessions of the Ad Hoc Working Group on the Durban Platform for Enhanced Action (ADP); the upcoming sessions of the ADP; and the elements of the expected Paris Agreement.

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