Economics, Trade & Investment

UN Report Reviews Efforts to "Deliver as One" on Climate Change [viewed]

United Nations22 September 2014: Ahead of the Climate Summit 2014, the UN released a report, titled 'How the United Nations System Supports Ambitious Action on Climate Change: The United Nations System Delivering as One on Climate Change and Sustainable Development.'

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Climate Week NYC Opens with Focus on Low-Carbon Economy [viewed]

climate-week-nyc22 September 2014: Convened by the Climate Week NYC organizer The Climate Group, jointly with CDP, the opening day of the major, week-long event in New York, US, attracted the participation of global leaders from policy and business, and heard announcements of new greenhouse gas (GHG) reduction commitments from business and subnational governments. The event also marked the launch of a renewable energy campaign, a pro-mitigation business coalition, and a report on innovative climate and energy policies.

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Major Economies Forum Convenes Foreign Ministers [viewed]

MEF21 September 2014: The 20th Meeting of the Leaders' Representatives of the Major Economies Forum on Energy and Climate Change (MEF) convened on the side lines of the 2014 Climate Summit in New York, US, and marked the Forum's first-ever foreign minister's meeting. The meeting was hosted by US Secretary of State John Kerry, together with Foreign Minister of Peru Gonzalo Gutierrez and Foreign Minister of France Laurent Fabius.

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UNGA's Second Committee Launches Work [viewed]

UNGA19 September 2014: The UN General Assembly's Second Committee (Economic and Financial) held its organizational session for UNGA 69, on 19 September 2014, in New York, US. The Second Committee will conduct its substantive work from 7 October until 26 November, beginning with the general debate on 7-9 October.

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MDBs Report on Climate Finance Provided in 2013 [viewed]

AfDB - IDB - EIB - ADB - World Bank Group19 September 2014: The third edition of the Joint MDB Report on Climate Finance 2013 has been expanded to include a better sectoral breakdown, and divisions by public and private operations. Since 2011, multilateral development banks (MDBs) have provided over US$75 billion in climate finance to developing and emerging economies, while, in 2013, they provided US$23.8 billion to address climate change, with 80%, or US$18.9 billion, dedicated to mitigation and 20%, or US$4.8 billion, going to adaptation.

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UNFCCC Reports on Meeting on REDD+ Non-market-based Approaches [viewed]

UNFCCC18 September 2014: The Secretariat of the UN Framework Convention on Climate Change (UNFCCC) has released the report of an in-session expert meeting on non-market-based approaches, such as joint mitigation and adaptation approaches for the integral and sustainable management of forests, to support the implementation of the activities referred to in COP Decision 1/CP.16, paragraph 70 (REDD+ activities).

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Global Investors Urge Strong Climate Change Action Ahead of Summit [viewed]

UNEP FI18 September 2014: Nearly 350 global institutional investors, responsible for managing over US$24 trillion in assets, released a statement ahead of the UN Climate Change Summit, urging Heads of State to take strong action on climate change. In the Global Investor Statement on Climate Change, investors call on governments to: set a stable and reliable price on carbon that helps redirect investment commensurate with the scale of the climate challenge; develop plans to phase out fossil fuel subsidies; and agree on an ambitious climate deal in 2015.

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Event: 8th Meeting of the Standing Committee on Finance [viewed]

The eighth meeting of the UNFCCC Standing Committee on Finance (SCF) will take place in Bonn, Germany. Issues on the provisional agenda of the meeting include: the biennial assessment and overview of climate finance flows; fifth review of the financial mechanism; 2014 and 2015 Forums of the SCF; draft guidante to the financial mechanism operating entities; financing for forests; measurement, reporting and verification (MRV); and the report of the SCF to the 20th session of the Conference of the Parties to the UNFCCC (COP 20).  

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Event: Improving Transparency and Accountability Through Improved Tracking [viewed]

This event seeks to help enhance transparency and accountability in the tracking of climate-related development finance from public and private sources. Organized jointly by the Organisation for Economic Co-operation and Development (OECD) and Climate Policy Initiative (CPI), the event, held as a panel discussion, will focus on climate flows and recent initiatives contributing to their robust tracking. In particular, discussions will be centered on progress to date and still to be made in improving the coverage, transparency and quality of information and data on climate finance.  

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Event: Toward a Vibrant, Low Carbon Economy [viewed]

This event, which marks the opening of the Climate Week NYC, will convene CEOs from major global companies, heads of sub-national governments and civil society leaders to establish a shared vision for a low-carbon economy, including the action and leadership required for reaching it. The focus will be on key climate themes such as, finance, security and innovation, and the event will also serve to highlight leadership by businesses and governments. Planned sessions cover topics, including: a leaders' vision for a low-carbon economy; catalyzing action; health; ambitious actions by companies and at sub-national level; and building momentum toward Paris and beyond. The full-day event is co-convened by the Climate Group and CDP (Carbon Disclosure Project), and is by invitation only.  

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