Economics, Trade & Investment

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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At UNFCCC High-level Segment, Ban Urges Draft Text as Basis for 2015 Climate Deal [viewed]

UNFCCC9 December 2014: The UN Climate Change Conference's high-level segment opened in Lima, Peru, with UN Secretary-General Ban Ki-moon stating that fully tackling the impacts of climate change requires a transformation, not just “tinkering” with past agreements and pledges.

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COP 20 Event Discusses Indicators, Technologies for a Decarbonized Earth [viewed]

limacop208 December 2014: Participants discussed research findings on sectoral energy efficiency and greenhouse gas (GHG)-intensity indicators at an event 'Exploring the Potential Path towards a Decarbonized Earth,' which convened on the sidelines of the Lima Climate Change Conference. The side event also considered corresponding measures that can be taken by world business leaders.

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World Bank President Highlights Role of Economic Transformation in Net Zero Emissions [viewed]

Worldbanklogo8 December 2014: In a speech to the Council on Foreign Relations in Washington DC, US, World Bank Group President Jim Yong Kim called on countries to price carbon, eliminate fossil fuel subsidies, create conditions favoring renewable energy and invest in projects that can withstand extreme weather events. He said a 2015 agreement must send signals to investors and financial markets that could help transform economies toward achieving zero net emissions of harmful pollutants before 2100, in order to keep temperature below 2°C. According to Kim, economic policy will be key to achieving this goal.

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COP 20 Event Showcases Joint Crediting Mechanism for Developing Countries [viewed]

limacop208 December 2014: The event 'Actions for Low-Carbon Development in Developing Countries through the Joint Crediting Mechanism (JCM)' covered current efforts and activities under the JCM. The JCM aims to facilitate the diffusion of low-carbon technologies, products, systems, services and infrastructure; the implementation of mitigation actions; and the sustainable development of 12 developing countries.

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KfW Launches Geothermal Facility for Latin America at COP 20 [viewed]

limacop208 December 2014: KfW Development Bank launched the Geothermal Development Facility (GDF) for Latin America on the margins of the Lima Climate Change Conference. The GDF, the first multi-donor climate initiative to promote geothermal resources on a continental scale, will provide at least US$75 million in grant-based risk mitigation instruments and US$1 billion in financing to geothermal projects in 10 Latin American countries.

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CDSB Proposes Climate Reporting Requirements for Stock Exchanges [viewed]

cdsb5 December 2014: The Climate Disclosure Standards Board (CDSB) Secretariat launched a report that proposes corporate climate change reporting requirements for adoption or support by stock exchanges, with the aim of encouraging the supply and use of information to strengthen market resilience against climate change impacts. ‘Climate resilient stock markets' discusses why stock exchanges should act to address climate change, the current state of activity on climate change reporting and challenges and opportunities for stock exchanges wishing to employ climate change reporting approaches.

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