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.

UNSG Says “Stars Are Aligned” for Historic Action in 2015 [viewed]

bankimoon-warsaw17 December 2014: “The stars are aligned” for the international community to take historic action on climate, sustainable development and financing in 2015, said UN Secretary-General Ban Ki-moon as he reviewed the challenges and achievements of 2014. He called the Lima session of the Conference of Parties (COP 20) to the UN Framework Convention on Climate Change (UNFCCC) the “most encouraging” climate negotiations so far, and urged a high level of ambition in forging a new global agenda for development and securing a climate change agreement in 2015.

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African Sustainable Transport Forum Outcome Document Released [viewed]

astf15 December 2014: Following the inaugural conference of the African Sustainable Transport Forum (ASTF), an outcome document has been published that summarizes the ASTF's ministerial session and the ASTF Action Framework. The Framework includes 13 actions and an institutional structure for the ASTF Secretariat. It also presents a roadmap for sustainable transport in Africa, based on a harmonization of priority action areas identified by conference participants.

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IEA Projects 2.1% Annual Growth in Coal Demand through 2019 [viewed]

IEA15 December 2014: The 2014 Medium-Term Coal Market Report, published by the International Energy Agency (IEA), finds that coal demand will continue to grow at an average annual rate of 2.1% until 2019. China is expected to account for three-fifths of that demand, while modest declines in coal consumption in the US and EU will be offset by growth in India's demand, according to the report.

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Adaptation Fund Publishes 24th Board Meeting Report [viewed]

Adaptation Fund12 December 2014: The Adaptation Fund has published the report from the Adaptation Fund Board's (AFB) 24th meeting, which met from 9-10 October 2014, in Bonn, Germany. The report contains the proceedings of the meeting, including summaries of the reports: on activities of the Chair; on activities of the Secretariat; of the Accreditation Panel; of the 14th meeting of the Project and Programme Review Committee (PPRC); and of the 15th meeting of the Ethics and Finance Committee.

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IDB Report Highlights Benefits of Green Market Guarantees [viewed]

IDBDecember 2014: The Inter-American Development Bank (IDB) has published a report highlighting the benefits of guarantees for green markets, including by responding to challenges of investing in low-carbon and climate-resilient technologies and activities in Latin America and the Caribbean (LAC). 'Guarantees for Green Markets: Potential and Challenges' underscores the important role that national development banks (NDBs) can play in structuring and funding credit-guarantee schemes for domestic markets, and their unique position and capacities to effectively design, implement and promote green market investments.

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Ethiopia Receives First ClimDev Africa Special Fund Grant [viewed]

AU UNECA AFDB15 December 2014: Ethiopia will receive US$1.1 million from the Climate for Development in Africa (Clim-Dev Africa) Special Fund (CDSF) to strengthen its climate information and early warning systems for climate resilient adaptation and development, making it the first African country to benefit from the CDSF.

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ECLAC: Reducing Carbon Footprints Can Increase Competitiveness [viewed]

ECLAC11 December 2014: Measuring and reducing the carbon footprints of production processes in Latin America and the Caribbean could improve the insertion in global trade of countries in the region, according to a side event hosted by the UN Economic Commission for Latin America and the Caribbean (ECLAC) at the Lima Climate Change Conference.

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ECLAC Warns Against Increasing Climate Change Impacts in LAC [viewed]

ECLAC10 December 2014: A report, published by the Economic Commission for Latin America and the Caribbean (ECLAC), warns that climate change impacts in the region are already significant and will likely become more intense in the future. The report, titled ‘The economics of climate change in Latin America and the Caribbean: Paradoxes and challenges of sustainable development,' was presented during the UN Climate Change Conference in Lima, Peru, in December 2014.

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ECLAC, IDB, Peru Study the Economics of Climate Change in Peru [viewed]

eclac-idb10 December 2014: A joint study by the Peruvian Government, the Economic Commission for Latin America and the Caribbean (ECLAC) and the Inter-American Development Bank (IDB) predicts that the fishing, agriculture and livestock in the high Andes sectors will be the most affected by climate change in Peru in the coming years.

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World Bank Explores Climate Change-Poverty Relationship [viewed]

fao-worldbankNovember 2014: The World Bank Group has published a paper that explores the relationship between climate change and poverty by examining the impact of climate change on: poor people's livelihoods and wellbeing; the risk for non-poor people to fall into poverty; and the ability of poor people to escape poverty. The document, titled ‘Climate Change and Poverty: An Analytical Framework,' proposes four “channels” that determine household consumption and through which households may escape from or fall into poverty: prices, assets, productivity and opportunities.

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