Economics, Trade & Investment

UNFCCC SCF Releases Biennial Assessment of Climate Finance Flows [viewed]

UNFCCC3 December 2014: The UNFCCC Standing Committee on Finance (SCF) has released a compilation of information and data on financial flows supporting mitigation and adaptation within countries and via international support. The assessment estimates a lower range of global total climate finance flows of US$340 billion a year for the period 2011-2012 and an upper range of at least US$650 billion.

read more »

GEF Publication Summarizes 20 Years of UNFCCC COP Guidance [viewed]

GEF3 December 2014: The Global Environment Facility (GEF) has presented a report to the 20th session of the Conference of Parties (COP 20) to the UNFCCC in Lima, Peru, on its response to guidance received at COP 19 in 2013. As an operating entity of the UNFCCC's financial mechanism, the GEF functions under the guidance of and is accountable to the COP, which decides on UNFCCC-related policies, programme priorities and eligibility criteria.

read more »

World Bank Loan to Help Uruguay Mitigate Climate Shocks [viewed]

World Bank2 December 2014: The World Bank Group has approved a US$200 million loan to stabilize electricity costs and tariffs in the event of droughts in Uruguay, with the aim of avoiding financial pressures that might affect the government's ability to provide services to the poor. The loan will contribute to providing insurance coverage to support the Energy Stabilization Fund in mitigating climate shocks while helping to diversify the country's energy sector.

read more »

UNIDO Publication Spotlights SIDS' Sustainable Development [viewed]

UNIDODecember 2014: As a follow up to the Third International Conference on Small Island Developing States (SIDS), the UN Industrial Development Organization's (UNIDO) ‘Making It' publication examines the potential of SIDS to pursue sustainable economic development by steadily increasing economic productivity.

read more »

EU Parliament Outlines Priorities for Post-2015 Development Agenda [viewed]

europeanparliament27 November 2014: The European Parliament has adopted a resolution defining its collective priorities for the post-2015 development agenda. Priorities include ending poverty and fighting inequalities, a human rights-based approach, and a variety of social, economic, and environmental development issues.

read more »

CEB Publication Highlights UN System's Climate Change Efforts [viewed]

CEBNovember 2014: The UN System Chief Executives Board for Coordination (CEB) has showcased how the UN system is working together to support climate change action at the global, regional and national levels in a report, titled 'How the UN System Supports Ambitious Action on Climate Change: The UN System Delivering as One on Climate Change and Sustainable Development.'

read more »

IEA Recommends Actions toward EU 2030 Climate Targets, Competitiveness, Energy Security [viewed]

IEA1 December 2014: The International Energy Agency (IEA) has launched a report reviewing the European Union's (EU) energy policies and recommending cost-effective ways to meet the EU's 2030 energy and climate targets. Titled 'Energy Policies of IEA Countries: European Union 2014 Review,' the report assesses the state of renewable energy, energy efficiency and greenhouse gas (GHG) emissions and analyzes the EU's energy security and industrial competitiveness.

read more »

AfDB, World Bank Partner to Improve Hydromet Services in Africa [viewed]

AfDB27 November 2014: The African Development Bank (AfDB) and the World Bank held a seminar on improving Africa's hydrological and meteorological systems in order to capture weather and climate data and disseminate information to assist in development planning. Discussions emphasized the critical role of hydrometeorological services in providing information to support economic development and build resilience in many sectors in Africa, including disaster risk reduction and management, water, agriculture, transport, energy, public health and aviation safety and security.

read more »

UNFCCC Publishes Addendum to GEF Report to COP 20 [viewed]

UNFCCC25 November 2014: The UNFCCC Secretariat has released an addendum to the report of the Global Environment Facility (GEF) to the 20th session of the Conference of the Parties (COP 20) to the UNFCCC, containing information on consultations between the GEF and the Climate Technology Center and Network (CTCN). The report discusses a workshop that was co-organized by the GEF Secretariat and the CTCN, during which participants considered, inter alia, joint efforts and cooperation to accelerate climate-related technology transfer.

read more »

Spain Announces EUR120 Million Pledge to GCF [viewed]

spanish-flag28 November 2014: The Government of Spain has pledged to commit €120 million to the Green Climate Fund (GCF), bringing total GCF contributions to US$9.7 billion equivalent. The announcement was made in advance of the 20th session of the Conference of the Parties (COP 20) to the UNFCCC, which is opening in Lima, Peru, on 1 December 2014, and just after the first GCF pledging conference, which took place in Berlin, Germany, on 20 November 2014.

read more »