Economics, Trade & Investment

Event: Climate Action 2016 [viewed]

Announced at the 21st session of the Conference of the Parties (COP 21) to the UNFCCC, Climate Action 2016 will convene government, business and municipal leaders, civil society and academia to maintain momentum for multi-stakeholder climate implementation. This high-level gathering aims to complement and promote ongoing climate action on cities, land use, resilience, energy, transport, tools for decision makers, and finance. Organizing partners include: the World Bank; the Global Environment Facility (GEF); the Compact of Mayors; the World Business Council for Sustainable Development (WBCSD); We Mean Business; and the University of Maryland.  

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SBI, SBSTA and ADP Conclude in Paris, Drafts Forwarded to COP [viewed]

cop215 December 2015: On 4 December, the SBI and SBSTA concluded their work, but three items remained unresolved: the 2013-2015 review; capacity building under the Convention and the Kyoto Protocol; and impact of the implementation of response measures. On 5 December 2015, the ADP closed its work, adopted its conclusions, and forwarded the draft agreement and draft decision to the COP.

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Financial Stability Board Launches Task Force on Climate-related Financial Disclosures [viewed]

fsb4 December 2015: The Financial Stability Board (FSB) has launched a private sector-led task force that will develop voluntary risk disclosures for companies to inform lenders, insurers, investors and other stakeholders of their exposure to climate change-related risks.

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City Leaders Commit to “Game-Changing” Climate Actions [viewed]

cop214 December 2015: City leaders committed to reduce emissions and take actions to promote low-emission, climate-resilient urban infrastructure in a series of events on the sidelines of the Paris Climate Change Conference. The events featured commitments and a publication launch.

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CTCN, CEM Partner to Expand Clean Energy Policy Assistance to Developing Countries [viewed]

cem_ctcn3 December 2015: The Clean Energy Ministerial's (CEM) Clean Energy Solutions Center and the Climate Technology Centre and Network (CTCN) announced a new collaboration aimed at expanding clean energy policy assistance for developing countries.

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Paris Climate Change Conference Negotiations Continue; Side Events Consider Renewable Energy and Cities [viewed]

cop213 December 2015: On Thursday, 3 December, the Ad Hoc Working Group on the Durban Platform for Enhanced Action (ADP 2-12) contact group continued consideration of the negotiating text of the agreement and associated decisions. Spin-off groups, contact groups and informal consultations continued throughout the day.

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MDBs to Accelerate Efforts on Sustainable, Low-Carbon Transport [viewed]

mdb3 December 2015: On the sidelines of the Paris Climate Change Conference, the Multilateral Development Banks (MDBs) issued a joint statement that recognizes the contribution of transport to greenhouse gas (GHG) emissions and pledges to accelerate efforts to mitigate transport emissions. In their statement, the African Development Bank (AfDB), Asian Development Bank (ADB), CAF-Development Bank of Latin America (CAF), European Bank for Reconstruction and Development (EBRD), European Investment Bank (EIB), Inter-American Development Bank (IDB), Islamic Development Bank (ISDB), and the World Bank outline commitments to accelerate efforts on climate finance, low-carbon transport solutions and adaptation.

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Adaptation Committee Reports on Achievements and Sources of Support for Adaptation [viewed]

UNFCCC2 December 2015: The UNFCCC Secretariat has released two reports of the Adaptation Committee: one on the Committee's achievements in promoting enhanced action on adaptation and its future work plan and another on the available support for developing countries in formulating and implementing national adaptation plans (NAPs).

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Paris Climate Change Conference Considers Reports from Funds, Side Events Consider Land, Farmers, INDCs [viewed]

cop21_iisdrs2 December 2015: On Wednesday, 2 December, African parties to the 21st session of the Conference of the Parties to the UN Framework Convention on Climate Change (UNFCCC COP 21) endorsed Morocco to host COP 22. Also during the COP plenary, the Strategic Climate Fund reported that, for the first time, it has provided two draft compiled texts on guidance to the Green Climate Fund (GCF) and Global Environment Facility (GEF).

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Coalition Announces US$80 Million for Climate Risk Early Warning Systems [viewed]

cop212 December 2015: A coalition of countries and international organizations including the World Meteorological Organization (WMO), the UN Office for Disaster Risk Reduction (UNISDR) and the World Bank's Global Facility for Disaster Reduction and Recovery (GFDRR) launched the Climate Risk Early Warning Systems (CREWS) initiative, in order to: strengthen support for early warning systems in vulnerable countries; protect and shelter populations exposed to extreme climate events; and mobilize additional financing.

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