Economics, Trade & Investment

Event: Working Group Meeting of the Climate and Clean Air Coalition to Reduce Short-Lived Climate Pollutants (CCAC) [viewed]

The Working Group meeting of the Climate and Clean Air Coalition to Reduce Short-Lived Climate Pollutants (CCAC) will take place from 16-17 July 2014, in Paris, France. The CCAC is a voluntary international framework that was launched in February 2012 by six governments and the UN Environment Programme (UNEP) to address short-lived climate pollutants (SLCPs) as an urgent and collective challenge. The CCAC is a partner-led effort and aims to reduce emissions of methane, black carbon, and many hydrofluorocarbons (HFCs) in order to protect the environment and public health, promote food and energy security, and address near-term climate change. The CCAC Working Group oversees the CCAC's cooperative actions.  

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Event: Sixth BRICS Summit [viewed]

The sixth Summit of the BRICS, which comprises Brazil, Russia, India, China and South Africa, will convene in Fortaleza and Brasília, Brazil, from 15-16 July, under the theme 'Inclusive Growth, Sustainable Solutions'. The Summit will discuss the establishment of the BRICS Development Bank, aimed at financing infrastructure and sustainable development projects, and the Contingent Reserve Arrangement for assisting countries of the bloc. Discussions will also be held on social inclusion and development. The Summit is expected to result in the signing of two primary financial agreements, an action plan for common social indicators methodologies, and the Fortaleza Declaration containing views of the group on matters on the international agenda and of cooperation within the BRICS. Preceding the Summit, meetings of the BRICS finance ministers, central bank governors and ministers of trade, the BRICS Business Forum and Business Council, and the BRICS Financal Forum will be held on 14 July in Fortaleza.  

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WMO Maps Mortality and Economic Loss from Extreme Events [viewed]

WMO11 July 2014: The World Meteorological Organization (WMO) and the Centre for Research on the Epidemiology of Disasters (CRED) of the Catholic University of Louvain (UCL) in Belgium have jointly published the ‘Atlas of Mortality and Economic Losses from Weather, Climate and Water Extremes 1970-2012,' which describes the distribution and impacts of weather, climate and water-related disasters, and highlights measures to increase resilience.

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UNDP Highlights Humanitarian, Development and Climate Finance Synergies [viewed]

UNDP10 July 2014: Helen Clark, Administrator of the UN Development Programme (UNDP) and Chair of the UN Development Group (UNDG), has launched a report by the UNDP Multi-Partner Trust Fund Office (MPTF Office) focusing on the role of pooled financing mechanisms in strengthening synergies among humanitarian, development and climate finance provided to fragile and conflict-affected countries.

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World Bank Issues First Catastrophe Bond [viewed]

worldbank-ccrif8 July 2014: The World Bank Group's International Bank for Reconstruction and Development (IBRD) has issued its first catastrophe ("cat") bond, which will benefit the 16 member States of the Caribbean Catastrophe Risk Insurance Facility (CCRIF). The bond, which is a three-year, US$30 million transaction under IBRD's Capital-at-Risk Notes Program, is linked to tropical cyclone and earthquake risk in CCRIF countries.

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ADP Co-Chairs Reflect on June Session [viewed]

UNFCCC7 July 2014: The UNFCCC Secretariat has published a reflections note prepared by the Co-Chairs of the the Ad Hoc Working Group on the Durban Platform for Enhanced Action (ADP) on progress made at the fifth part of the second session of the ADP, as well as on the way forward.

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Pacific Partnerships Meeting Focuses on Gender, Climate Change [viewed]

SPC logo13 June 2014: With the goal of advancing the Pacific region's agenda on gender, sustainable development and climate change within UN bodies, the Secretariat of the Pacific Community (SPC), Diverse Voices and Action for Equality (DIVA for Equality) and the Pacific Youth Council convened representatives from civil society organizations (CSOs) and UN missions for the regional meeting 'Pacific Partnerships to Strengthen Gender, Climate Change Response and Sustainable Development.'

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US, China to Cooperate on Energy and Forests to Tackle Climate Change [viewed]

china_us_flag9 July 2014: The US and China have announced several joint initiatives with the aim of addressing climate change, including demonstration projects in carbon capture, utilization and storage (CCUS) and smart grids, a study on natural gas use in industrial boilers, and an initiative on climate change and forests.

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EC Awards €1 Billion to Demonstrate Low-Carbon Technologies [viewed]

European Union8 July 2014: The European Commission (EC) has announced the results of the second call for proposals under the New Entrants' Reserve 300 programme (NER 300), which is funded from the sale of 300 million emission allowances. The EC awarded one billion euro funding to 19 renewable energy projects for demonstration activities. A carbon capture and storage (CCS) project was selected for the first time under the programme.

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FCPF Carbon Fund Selects Three Country Programmes [viewed]

worldbank-fcpfJuly 2014: The 'Chair's Summary' of the tenth meeting of the Forest Carbon Partnership Facility (FCPF) Carbon Fund (C10) has been released, with Duncan Marsh, C10 Chair, highlighting the selection of Chile and Viet Nam into the Carbon Fund pipeline. The Republic of the Congo, which also presented its Emission Reductions Program Idea Note (ER-PIN), was provisionally selected.

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