Economics, Trade & Investment

GSI COP 20 Event: Fossil-Fuel Subsidies Threaten Decarbonization Efforts [viewed]

limacop2010 December 2014: The Friends of Fossil-Fuel Subsidy Reform and the Global Subsidies Initiative (GSI) held an event on 'Maximizing Contributions to Emissions Mitigation from Fossil-Fuel Subsidy Reform' on the sidelines of the Lima Climate Change Conference. The event outlined support available to countries undergoing subsidy reform and launched the GSI publication 'The Impact of Fossil-Fuel Subsidies on Renewable Electricity Generation.'

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COP 20 Side Event Proposes a New Security Agenda [viewed]

limacop2010 December 2014: The event 'A New Security Agenda: Safeguarding Water, Food, Energy and Health Security in a Changing Climate' emphasized that climate change is multiplying existing threats to sustainable economic growth and people's well-being. Convened on the sidelines of the Lima Climate Change Conference, the event explored natural resource dependencies and synergies and trade-offs among water, energy, food and health security.

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Catholic Bishops Urge Foundation for Binding Climate Agreement [viewed]

limacop209 December 2014: A group of Catholic bishops have called for ending fossil fuel use and urged negotiators at the Lima Climate Change Conference to lay the foundation for an internationally binding climate agreement in Paris in 2015.

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ECLAC Updates Study on Economics of Climate Change in Latin America and the Caribbean [viewed]

1280784375ECLAC_logo5 December 2014: The UN Economic Commission for Latin America and the Caribbean (ECLAC) has published an update of its study ‘The Economics of Climate Change in Latin America and the Caribbean: Paradoxes and challenges of sustainable development,' which provides an overview of expected climate impacts in the region, as well as subregional and national figures. The report explains that, while growth in the region has led to improved economic and social conditions, it has had negative impacts on the environment, economy and society as a whole, including through more air pollution in urban areas and a deterioration of natural assets, such as water resources and forests.

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C4C Business Forum Showcases Role of Business in Addressing Climate Change [viewed]

2014 Caring for Climate Business Forum10 December 2014: Nearly 300 CEOs and other participants from the private and public sectors from over 30 countries convened for a two-day Caring for Climate (C4C) Business Forum on the sidelines of the Lima Climate Change Conference. The Forum showcased business and investor contributions to tackle climate change and shared solutions, commitments and plans on corporate climate issues from carbon pricing to responsible lobbying.

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Think Tanks Offer Perspectives on 2015 Agreement, US-China Cooperation [viewed]

limacop209 December 2014: China's National Center for Climate Change Strategy and International Cooperation (NCSC) organized an event at the Lima Climate Change Conference that explored the interactions between bilateral and international processes, with a focus on the potential to reach a climate agreement in Paris in 2015. Think tanks from around the world offered their perspectives at the event, 'International Cooperation: Towards the 2015 Agreement: A Perspective from International Think Tanks.'

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IETA, GEF Event Explores Financial Innovations for Low-Carbon Investments [viewed]

limacop209 December 2014: The International Emissions Trading Association (IETA) and the Global Environment Facility (GEF) organized a 'High-Level Dialogue on Public and Private Green Financial Innovations' on the sidelines of the Lima Climate Change Conference. The event brought together public and private sector leaders to discuss how to scale up innovative financial mechanisms for low-carbon investments.

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CIF Pledges Reach US$8.3 Billion [viewed]

CIF8 December 2014: The Climate Investment Funds (CIF) has received approximately US$765 million in funding for its four programmes, bringing total CIF contributions to approximately US$8.3 billion. The additional financing will enable the CIF to expand into more countries and bridge a financing gap faced by some of its programmes.

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Ecuador Preparing National Communication, BUR to UNFCCC [viewed]

Ecuador10 December 2014: Ecuador is preparing its second national communication and its first biennial update report (BUR) to the Conference of the Parties (COP) to the UNFCCC, which will update and enhance information on its national circumstances, greenhouse gas (GHG) inventories, climate change mitigation, vulnerability to climate change and steps taken to adapt to climate change.

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GCF Passes US$10 Billion Mark Following Pledges from Australia, Belgium [viewed]

australia-belgia9 December 2014: Pledges from Australia and Belgium to the Green Climate Fund (GCF) have pushed GCF capitalization over the US$10 billion threshold. Australia committed AU$200 million while Belgium pledged €51.7 million.

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