Economics, Trade & Investment

Meetings of the CBD and its Protocols Open in Pyeongchang [viewed]

CBD29 September 2014: The seventh Meeting of the Parties to the Cartagena Protocol on Biosafety (Cartagena Protocol COP/MOP 7) has opened in Pyeongchang, the Republic of Korea. It will be followed by the twelfth meeting of the Conference of the Parties to the Convention on Biological Diversity (CBD COP 12), which will run from 6-17 October 2014, also in Pyeongchang, and the first Meeting of the Parties to the Nagoya Protocol on Access to Genetic Resources and the Fair and Equitable Sharing of Benefits Arising from their Utilization (ABS) (NP COP/MOP 1), which will be held during the second week of CBD COP 12, from 13-17 October 2014.

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Resilient Cities Acceleration Initiative Launched at UN Climate Summit [viewed]

climate-summit-201425 September 2014: During the UN Climate Summit, commitments were made to: raise US$2 billion for cities at risk from extreme weather events due to climate change; help 500 local governments develop resilience action plans by 2020; and double the number of cities and partners committed to building resilience by the end of 2015.

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World Bank Identifies Clean-Tech Market Opportunities for SMEs [viewed]

world-bank-group24 September 2014: The World Bank Group has released a report, titled ‘Building Competitive Green Industries: The Climate and Clean Technology Opportunity for Developing Countries,' which quantifies opportunities for small and medium-sized enterprises (SMEs) in developing countries to generate profits and create jobs, while providing solutions to climate challenges.

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ICAO, Aviation Industry Cooperate on Climate Change [viewed]

icao-atag23 September 2014: The International Civil Aviation Organization (ICAO) and the aviation industry, represented by the Air Transport Action Group (ATAG), have announced a commitment to sustainable growth through actions including efficiency improvements, alternative fuel use, and market-based measures to cut emissions. The announcement was made as a contribution to the Climate Summit, which was held on 23 September 2014, in New York, US.

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AfDB to Enhance Climate Finance Access [viewed]

AfDB23 September 2014: On the eve of the UN Climate Summit, the African Development Bank (AfDB) participated in high-level meetings on financing opportunities for a climate-smart Africa, including the Clim-Dev Africa Special Fund (CDSF) and the Sustainable Energy for All (SE4ALL) Initiative.

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UNU Spotlights Climate Change-related Productivity Losses [viewed]

UNU23 September 2014: An article published by the UN University (UNU) argues that the economic case for climate action is further strengthened by heat-related labor productivity losses resulting from climate change, which amount to billions of US dollars. While the physiological limits of human beings exposed to heat when working have long been studied in public health science, scientists and economists have only recently begun paying attention to their links to climate change, according to environmental and occupational health scientist Tord Kjellstrom.

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Africa to Issue over US$1 Billion in Climate Change Catastrophe Bonds [viewed]

african-risk-capacity22 September 2014: In order to leverage available capital for climate change adaptation, African States are set to announce the African Risk Capacity (ARC) Extreme Climate Facility (XCF), a multi-year funding mechanism that will issue climate change catastrophe bonds. The bonds, to be issued in 2016, will provide additional financing to participating countries to enhance adaptation investments, in case extreme heat, droughts, floods or cyclones increase in frequency and intensity in Africa.

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Event: The Economics of Climate Change Mitigation Options in the Forestry Sector [viewed]

The Food and Agriculture Organization of the UN (FAO) is convening an online conference to discuss the costs and benefits of various options for climate change mitigation in the forestry sector including REDD+, green building, and the promotion of bioenergy. The conference will be organized under two themes: ‘climate change mitigation through forest management interventions', and ‘climate change mitigation through improved wood utilization'. The online discussion will take place from 6-27 February 2015.  

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EBRD, CIF, GEF to Accelerate Climate Investments [viewed]

ebrd-cif-gef24 September 2014: The European Bank for Reconstruction and Development (EBRD) is financing clean energy projects through its own investments, as well as through partnering with the Climate Investment Funds (CIF) and the Global Environment Facility (GEF). These funds aim to scale up climate finance by providing concessional funding and enhancing knowledge sharing and advisory support, which has increased commercial financing for sustainable energy investments.

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UN-Led Initiative Considers Disaster Resilience Financial Reporting [viewed]

unisdr-unep-wef24 September 2014: During the UN Climate Summit, the UN Office for Disaster Risk Reduction (UNISDR), the World Economic Forum (WEF) and other partners, including Standard & Poor's Ratings Services, Swiss Re, Willis Group Holdings and the UN Environmental Programme (UNEP), launched the 'Integrating Risks into the Financial System: The 1-in-100 Initiative.'

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