Economics, Trade & Investment

FAO, Partners Develop Methodology for Herders and Grazers to Access Carbon Finance [viewed]

FAO30 May 2014: In recognition of the potential for grassland restoration to both mitigate climate change and improve profitability of livestock farmers, the Food and Agriculture Organization of the UN (FAO), in collaboration with Chinese partners, has developed a tool that can measure carbon sequestration resulting from sustainable grassland management. The Verified Carbon Standard (VCS) has approved the tool, which will allow the carbon credits derived from improved grassland management to be sold in voluntary carbon markets.

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FAO Issues Agriculture Brief in Advance of Bonn Climate Talks [viewed]

FAO29 May 2014: The Food and Agriculture Organization of the UN (FAO) has issued a brief, titled ‘Agriculture at the UN Climate Change Talks,' in advance of the Bonn Climate Change Conference taking place from 4-15 June in Bonn, Germany. The brief, which is targeted at an audience with a particular interest in agriculture and land-use issues, highlights the meeting context, key issues for agriculture and land use and areas where agriculture will be directly and indirectly addressed during the discussions, including both negotiations and side events.

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World Bank Report Highlights Growing Momentum to Price Carbon [viewed]

World Bank28 May 2014: The World Bank and Ecofys have released a report, titled ‘State and Trends of Carbon Pricing 2014,' which states that momentum for carbon-pricing initiatives is building and initiatives such as emission trading schemes (ETS) and carbon taxes have increased significantly over the past year. 

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FS-UNEP Collaborating Centre Report Outlines Fiduciary Standards for Accessing Climate Finance [viewed]

fs-unep-centreMay 2014: The Frankfurt School (FS)-UN Environment Programme (UNEP) Collaborating Centre for Climate and Sustainable Energy Finance has released a report aimed at assisting developing country climate finance institutions in accessing funding from the Global Environment Facility (GEF) and the Adaptation Fund (AF). The report, titled 'Direct Access to International Climate Finance and Associated Fiduciary Standards,' compiles the minimum fiduciary standards required by these Funds and uses case studies to illustrate necessary supporting documentation.

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FS-UNEP Collaborating Centre Report Describes Transformation of Existing Fund into NCFI in Benin [viewed]

fs-unep-centreMay 2014: The Frankfurt School (FS)-UN Environment Programme (UNEP) Collaborating Centre for Climate and Sustainable Energy Finance has released a ‘Case study of the National Environment Fund Benin (FNE).' The report describes the transformation of an existing entity, FNE, an institution originally designed to mobilize international and national funding sources for national environmental projects, into a national climate finance institution (NCFI), the National Fund for the Environment and Climate (FNEC), which addresses climate change adaptation and mitigation as well as environment and development efforts.

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Event: G7 Summit [viewed]

The leaders of Canada, France, Germany, Italy, Japan, the United Kingdom (UK), the US, the President of the European Council and the President of the European Commission (EC) will convene for a G7 Summit from the evening of 4 June through the morning of 5 June 2014. Leaders are expected to discuss: the situation in Ukraine and relations with the Russian Federation; climate change and development; energy security; the global economy; trade; and other foreign policy topics. The 40th meeting of the G8 summit was scheduled to be held in the Russian Federation in June 2014. At their meeting in The Hague, the Netherlands in March 2014, the G7 leaders decided to hold a meeting without the Russian Federation, due to the Crimean crisis.  

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May 2014 Water Finance Update [viewed]

ebrd-worldbank-adb-gef-eib-afdbMay 2014: During May, international and regional financial institutions, including the World Bank, the Global Environment Facility (GEF), the African Development Bank (AfDB), the Asian Development Bank (ADB), the Inter-American Development Bank (IDB) and the European Bank for Reconstruction and Development (EBRD), undertook a variety of actions related to water resources, including presenting the results of existing projects, participating in regional conferences and approving new loans. Projects this month addressed issues including transboundary water cooperation, water supply and sanitation, hydroelectric generation, disaster risk reduction (DRR) and ecosystem service conservation, among others.

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DRC Launches REDD+ University [viewed]

cbfp28 May 2014: The REDD+ National Coordination Office in the Democratic Republic of the Congo (DRC) convened the first REDD+ University for a hundred participants representing government organizations, civil society, local communities and indigenous peoples.

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UNEP Inquiry Examining Design Options for a Sustainable Financial System [viewed]

financialinquiry28 May 2014: The UN Environment Programme (UNEP) launched an 'Inquiry into the Design of a Sustainable Financial System: Policy Innovations for a Green Economy' to explore how the financial system might better meet the needs of, and mobilize capital for, a green economy in January 2014. The Inquiry Co-Directors, Nick Robins and Simon Zadek, presented the background, approach and goals of this 18-month initiative at an event on 28 May, at the Johns Hopkins University's School of Advanced International Studies (SAIS), in Washington DC, US.

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WBCSD Report Describes Advantages of Addressing the Water, Food and Energy Nexus [viewed]

WBCSDMay 2014: The World Business Council for Sustainable Development (WBCSD) has released a report on the water, food and energy nexus, titled ‘Co-optimizing Solutions: Water and Energy for Food, Feed and Fiber.' The report was launched during the ‘Sustainability in the Water-Energy-Food Nexus' conference, on 20 May in Bonn, Germany, which was convened in recognition that the increasing demand for food and other agricultural products will put significant pressures on resources and impact greenhouse gas emissions and climate change. 

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