Economics, Trade & Investment

In FY16, World Bank Provides Over US$61 Billion [viewed]

world_bank_new12 July 2016: The World Bank Group's (World Bank) commitments rose to over US$61 billion in loans, grants, equity investments and guarantees to countries and private businesses in fiscal year 2016 (FY16), according to a World Bank press release. This financing includes support for climate change and a continued focus on sub-Saharan Africa, which remains a top priority with commitments to countries reaching US$12.5 billion in FY16.

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UNSG Candidates Highlight Gender, UN Reform, Inclusiveness [viewed]

United Nations12 July 2016: UN General Assembly (UNGA) President Mogens Lykketoft held a Townhall event for candidates for the position of next UN Secretary-General to discuss their vision. The event was globally televised live by Al Jazeera Media Network. Ten of the 12 current candidates participated, discussing the challenges and opportunities facing the UN, and taking questions from UN Member States and the public, both from the floor and via video.

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Event: Friends of the President Meeting on a Global MBM Scheme for International Aviation [viewed]

This Friends of the President Informal Group Meeting on a Global Market-based Measure (MBM) Scheme for International Aviation will evaluate the results of the bilateral and multilateral consultations by countries related to the draft resolution text on a global MBM scheme for international aviation, building on results of the High-level Meeting on a Global MBM Scheme held in May 2016 and the June 2016 decision by the Council of the International Civil Aviation Organization (ICAO) in June 2016. The aim of the meeting is to develop compromise text for consideration by the ICAO Council and its submission to the 39th Session of the ICAO Assembly to be held from 27 September to 7 October 2016, in Montreal, Canada.  

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Adaptation and Loss and Damage Update: NAP Expo 2016 Underway, DRM Activities Enhance Urban Resilience [viewed]

adaptation_lost_damage11 July 2016: News in recent weeks related to climate change adaptation, disaster risk management (DRM) and disaster risk reduction (DRR) brought the issue of urban resilience to the forefront. NAP Expo 2016 and the Second Global Conference on Health and Climate contributed to the implementation of the Paris Agreement by giving renewed impetus to efforts to formulate and implement national adaptation plans (NAPs), and build healthier societies.

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Petersberg Climate Dialogue VII Builds Momentum toward Paris Agreement Implementation [viewed]

germany_morocco5 July 2016: During the seventh Petersberg Climate Dialogue, themed 'Making the Paris Agreement a Reality,' the 35 countries in attendance focused on swift implementation of the Paris Agreement. The German hosts announced a global partnership to support the implementation of nationally determined contributions (NDCs) and indicated their intent to conclude the steps in the German ratification process before the 22nd session of the Conference of the Parties to the UNFCCC (COP 22) in November 2016.

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Event: Asia Pacific Carbon Forum 2016 [viewed]

The Asia Pacific Carbon Forum 2016 will focus on two workstreams: emissions markets and carbon pricing, and climate finance and investment. It will address such themes as: carbon markets for climate change mitigation, particularly regarding how co-benefits from climate action can build resilience; finance and climate-friendly policies delivering on sustainable development, as part of countries' Nationally Determined Contributions (NDCs) under the Paris Agreement; how to align existing and new carbon markets and mechanisms in the region with the Paris Agreement; NDC implementation through market and non-market based approaches; and acceleration of climate action on the ground. The Forum, which is the region's leading annual event for climate finance, carbon markets and low carbon technologies, will bring together representatives of business, finance and government and is being held as part of Global Green Growth Week 2016. It is being jointly organized by the Asian Development Bank (ADB), the International Emissions Trading Association (IETA), the UN Framework Convention on Climate Change (UNFCCC) and the Institute for Global Environmental Strategies (IGES), in collaboration with the Global Green Growth Institute (GGGI).  

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June 2016 Climate Finance Update: Funds Meet, Non-state Actor Engagement Accelerates [viewed]

june20165 July 2016: This issue of the Climate Finance Update features recent global and regional news on climate finance activities by a variety of intergovernmental actors. Several climate funds met in June to make decisions on strategy and funding. A number of disaster recovery and resilience projects received funding in Asia and Africa. The World Bank highlighted developments in carbon pricing, and some concrete measures were taken to increase the engagement of non-state actors in climate financing.

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Mitigation Update: Southeast Asian Forest, European Transport Emissions Increasing, Cities and Businesses Scale-up Action [viewed]

july_mitigation_update4 July 2016: According to expert participants at a workshop in Paris, France, on 21 June, opportunities posed by solutions that cut across multiple energy end-use sectors are key to redefining climate ambition under the Paris Agreement's objective to keep global temperature rise to well below 2°C above pre-industrial levels, and aiming at 1.5°C. This Mitigation Update highlights recently-published information on emissions and solutions, as well as numerous events related to mitigation, in a variety of key sectors, such as forests, transport, cities, private companies and finance.

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Sustainable Energy Finance Update: World Bank and India Team Up on Solar, US$1 Billion Pledged for Sustainable Energy in Pacific [viewed]

sustainable_energy_finance1 July 2016: The New Energy Outlook 2016, a long-term forecast published in June by Bloomberg New Energy Finance (BNEF), predicts that coal and gas prices will remain lower than expected. However, with wind and solar costs anticipated to dip relatively lower, the Outlook assures that a fundamental transformation toward renewables is still in the works, with US$7.8 trillion in clean energy investments projected from 2016-2040.

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G20, IEA, IRENA Examine Progress Toward Clean Energy Supply [viewed]

g20_iea_irena

30 June 2016: Meeting on 29-30 June, in Beijing, China, the Group of Twenty (G20) energy ministers focused on the expansion of energy access, alternative energy sources and energy efficiency. Just prior to the ministerial meeting, on 28 June, the third meeting of the G20's Energy Sustainability Working Group also convened.

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