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.

February 2015 Climate Finance Update [viewed]

afdb_eib_idb_cif_wbank and_citiFebruary 2015: During February 2015, the African Development Bank (AfDB), the European Investment Bank (EIB), the Inter-American Development Bank (IDB), the World Bank and the Citi corporation reported on funding and new financial instruments. IDB, the Climate Investment Funds (CIF) and the World Bank launched publications on, inter alia, climate resilience, green growth and carbon pricing, and reported on a regional event in Asia.

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Event: Seventh Africa Carbon Forum [viewed]

The Seventh Africa Carbon Forum (ACF) will focus on finance, development and investment opportunities related to climate change and of interest to project developers and policymakers. Participants will learn about international carbon market trends, opportunities under the Green Climate Fund (GCF), efforts to increase demand for Clean Development Mechanism (CDM) credits and results-based financing opportunities. The Government of Morocco will host a high-level ministerial segment, during which African countries will have the opportunity to discuss expectations and planned contributions to the anticipated 2015 climate change agreement. ACF is jointly organized by the UNFCCC Secretariat, UN Environment Programme (UNEP), UNEP-DTU Partnership, World Bank, African Development Bank (AfDB) and International Emissions Trading Association (IETA).  

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UNEP Assesses Adaptation Finance Gap in Africa [viewed]

Unep LogoFebruary 2015: The UN Environment Programme (UNEP) has published a report, titled ‘Africa's Adaptation Gap 2: Bridging the gap – mobilizing sources,' which assesses a range of possible options for closing the adaptation finance gap on the continent.

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OECD Projects 290% Increase in Freight Transport Emissions by 2050 [viewed]

OECD_NEW27 January 2015: The International Transport Forum (ITF) of the Organisation for Economic Co-operation and Development (OECD) has released its 2015 Transport Outlook. According to the report's projections, carbon dioxide (CO2) emissions from freight transport will increase by 290% by 2050. The Outlook also predicts that cities in China, India and Latin America will generate 38% of the growth in passenger transport emissions.

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European Commission Launches Strategy for Energy Union with Climate Change Policy [viewed]

EU-SE4ALL25 February 2015: The European Commission has adopted a framework strategy that aims to create, for the European Union, a resilient ‘Energy Union' with a forward-looking climate change policy. An annexed action plan presents fifteen "action points" for the coming years, including electricity market legislation, enhanced regional cooperation, increased funding for energy efficiency and a new renewable energy package. Two related communications focus on improved electricity interconnection and a vision for a global climate change agreement in Paris in December 2015.

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Event: World Green Economy Summit 2015 [viewed]

The second edition of the World Green Economy Summit (WGES) will take place from 22-23 April in Dubai, the United Arab Emirates (UAE). An initiative of the Dubai Electricity and Water Authority (DEWA), WGES 2015 aims to: develop the WGES Public-Private Partnership and Green Economy Marketplace Platform initiatives; follow up on commitments made at WGES 2014 through the Dubai Declaration; position WGES as the premier international platform for the green economy and Dubai as the 'capital of the green economy'; and create strong linkages to the UN climate agreement 2015 through the Road to Paris initiative and the sustainable development goals (SDGs). Taking place under the theme 'The Global Green Economy,' WGES 2015 is aimed at a multi-takeholder audience, and will feature plenary sessions, roundtables, workshops, networking opportunities and an exhibition. The 16th Water, Energy, Technology and Environment Exhibition (WETEX), will be held in parallel with WGES 2015, from 21-23 April, at the same venue.  

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Conferences in India Hear Calls for Smart Cities [viewed]

re_invest-dsds201517 February 2015: Two international conferences held in February in India have heard calls from UN officials to focus on smart cities as a win-win-solution to sustainable development and climate change.

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Norden, IISD Highlight Mitigation Potential of Fossil Fuel Subsidy Reform [viewed]

logos_nordic_iisd_gsi10 February 2015: Low oil prices offer an opportunity for countries to remove consumer fossil-fuel subsidies, argues a report by the Nordic Council of Ministers and the Global Subsidies Initiative (GSI) of the International Institute for Sustainable Development (IISD). GSI has also launched a free model for estimating the impact of fossil-fuel subsidy reform (FFSR) on countries' greenhouse gas (GHG) emission reductions.

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Event: 34th International Energy Workshop [viewed]

The 2015 International Energy Workshop (IEW) will take place from 3-5 June in Abu Dhabi, the United Arab Emirates. Hosted by the International Renewable Energy Agency (IRENA), the workshop will focus on, inter alia: climate change mitigation and adaptation; the economics of renewable energy sources; linkages between climate, air pollution and energy security; energy and economic growth in emerging economies; and energy poverty alleviation. The workshop is aimed at researchers and practitioners in developed and developing countries, and will comprise thematic sessions, during which papers presenting results of scientific or pratical experiences on the economics of energy and climate change will be discussed.  

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Report Highlights Actions to Limit Disaster Risk in ACP Countries [viewed]

logo-acpc-small12 February 2015: The Secretariat of the African, Caribbean and Pacific (ACP) Group of States has published a study that provides a comprehensive view of the risks faced across its member countries and efforts to reduce them. The ‘ACP Compendium of Risk Knowledge,' reveals that disaster risk in ACP countries is higher than in other regions, with 12 countries from Sub-Saharan Africa and one from the Caribbean among the 20 most-at-risk in the world.

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