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.

July 2014 Water Finance Update [viewed]

World Bank-AfDB-ADB-IDB-EBRD-GEFJuly 2014: The World Bank, the Global Environment Facility (GEF), the Asian Development Bank (ADB), the African Development Bank (AfDB), the Inter-American Development Bank (IDB) and the European Bank for Reconstruction and Development (EBRD) undertook a variety of activities during July. Projects were approved across Africa, Latin America, Asia and Europe, addressing issues such as transboundary water management, water, sanitation and hygiene (WASH) services, hydropower and climate resilience. Among major developments the World Bank outlined their increased infrastructure investment, including in WASH services, and the AfDB launched the Kigali Action Plan (KAP) to mobilize finance to achieve the WASH-related Millennium Development Goals (MDGs), targeting countries in Africa that are not on track to achieve the targets by 2015.

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Policy Update #15: The Direction of REDD+ Financing: Merging Ahead? [viewed]

Over the past year, parties to the UNFCCC have taken significant steps to advance the concept of reducing emissions from deforestation and forest degradation in developing countries, and the role of conservation, sustainable management of forests and the enhancement of carbon stocks (REDD+).

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UNFCCC, SLoCaT Discuss Sustainable Transport Collaboration [viewed]

unfccc-slocat25 July 2014: The UNFCCC Secretariat met with the Partnership on Sustainable Low Carbon Transport (SLoCaT) Secretary General and representatives of the Bridging the Gap Initiative (BtG) and the International Union of Railways (UIC) to coordinate their cooperation on sustainable and low-carbon transport initiatives. Areas of planned collaboration include Technical Expert Meetings (TEMs), capacity-building workshops, Transport Days, fact sheets and the formulation of Intended Nationally Determined Contributions (INDCs).

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Event: First Ministerial and Policy Conference on Sustainable Transport [viewed]

This conference is part of the Africa Sustainable Transport Forum, a high-level platform for discussion and policy decision making. The Forum aims to integrate sustainable transport into Africa's development and planning processes and increase funding to sustainable transport programmes in Africa, with the broader aim of improving access to transport, reducing air pollution and climate emissions, and improving road safety and health. The Forum also aims to share experiences from demonstration and pilot projects and foster South-South exchanges. The Forum intends to hold Ministerial conferences bi-annually, with Sub-Regional conferences in the interim years. The Forum is a partnership among the UN Environment Programme (UNEP), the UN Human Settlements Programme (UN-HABITAT) and the World Bank. UNEP hosts the Forum Secretariat.  

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Social Pre-COP Preparatory Event Issues Margarita Declaration [viewed]

logo-precop18 July 2014: A preparatory event for the Social Pre-COP on Climate Change, organized by the Government of Venezuela, resulted in the "Margarita Declaration on Climate Change," which contains views of participating organizations and movements structured around the themes of intergenerational equality and rights, and good and sustainable living. The results of the preparatory event will be presented to the UN Secretary General's Climate Summit in September 2014.

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EC Proposes 30% Energy Saving Target for 2030 [viewed]

European Union 23 July 2014: A communication from the European Commission (EC) proposing a new energy saving target of 30% for 2030 calls for energy efficiency to become an integral part of the EU's policy framework for climate and energy from 2020 to 2030. The communication also reviews progress towards the EU's 20% energy efficiency target for 2020.

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WCDRR PrepCom1 Identifies Priorities for Post-2015 DRR Framework [viewed]

UNISDR15 July 2014: The First Session of the Preparatory Committee (PrepCom1) of the Third UN World Conference on Disaster Risk Reduction (WCDRR) met to review the organizational and substantive preparations for the Conference, approve its programme of work, and propose its rules of procedure. Over 600 government representatives and experts attended the conference, with broadly converging views on how to address threats posed by disasters and climate change.

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ADB Presents Manila Water Company Case Study [viewed]

ADBJuly 2014: The Asian Development Bank (ADB) has published a book, titled 'Tap Secrets: The Manila Water Story,' which highlights the case of the Manila Water Company as a successful story of utility reform. The book notes that Manila Water faced a number of challenges prior to emerging as a successful model for public-private-partnerships (PPPs).

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Montreal Protocol OWEG 34 Addresses HFCs, MLF Replenishment [viewed]

oewg3421 July 2014: Delegates at the 34th meeting of the Open-ended Working Group (OEWG 34) of the parties to the Montreal Protocol on Substances that Deplete the Ozone Layer considered: a progress report of the Technology and Economic Assessment Panel (TEAP); organizational issues related to the TEAP; the report of the TEAP on 2015-2017 Multilateral Fund (MLF) replenishment; nominations for essential-use exemptions and critical-use exemptions; alternatives to ozone depleting substances (ODS); the outcomes of the workshop on hydrofluorocarbon (HFC) management; and a proposal for extending an exemption for laboratory and analytical uses.

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Member States Approve Draft Outcome of SIDS Conference [viewed]

samoa-conference11 July 2014: UN Member States approved the Draft Outcome of the Third International Conference on Small Island Developing States (SIDS), titled 'SIDS Accelerated Modalities of Action [S.A.M.O.A.] Pathway,' concluding the work of the Preparatory Committee for the conference, on 11 July 2014.

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