Economics, Trade & Investment

EC Launches Legal Action over Non-Transposition of Energy Efficiency Directive by Member States [viewed]

ec26 March 2015: The European Commission referred Hungary to the European Court of Justice for failing to transpose the EU's Energy Efficiency Directive into national law. In addition, the Commission launched procedures against all EU member States except Malta for failure to notify the Commission on the national transposition measures of the same directive.

read more »

European Council Addresses Next Steps for Energy Union [viewed]

European Council19 March 2015: The European Council has confirmed its commitment to the EU's Energy Union at a meeting focused on designing the first steps toward the Union. The Council released its 'Conclusions on the Energy Union,' which call for concrete actions to support the Union and a forward-looking climate policy. The Conclusions also call for coordinated climate diplomacy ahead of the Paris Climate Change Conference in December 2015 and intensified work on financing, technology transfer and capacity building.

read more »

Event: Climate Finance Day 2015 [viewed]

The European Investment Bank (EIB) and Caisse des Dépôts are organizing this event to give private financial operators an opportunity to reflect on "how to shift the trillions" of dollars needed toward the goal of limiting average global temperature rise to below 2°C. The banking and financial sector will share solutions for reducing financing for a high carbon economy, engage in debates on green investment, highlight successful policies that lower risks and open up opportunities, and showcase its commitment to combating climate change.  

read more »

Event: Scaling Up Finance for Climate Action: A Public-Private Dialogue [viewed]

This event will focus on what it will take to close the climate finance gap in the lead-up to the 21st session of the Conference of the Parties (COP 21) to the UNFCCC. World Bank Group President Jim Yong Kim and European Investment Bank (EIB) President Werner Hoyer will lead the discussion with policy makers, international financial institutions (IFIs), civil society and the private sector, focusing on ways to deliver the funds needed to transition to a low-carbon, resilient economy. Other speakers will include Rachel Kyte, World Bank Group Vice President and Climate Change Special Envoy, and Pierre Moscovici, European Commissioner for Economic and Financial Affairs.  

read more »

C40 Latin American Mayors Forum Demonstrate Local Climate Leadership [viewed]

c40_forum28 March 2015: The first-ever C40 Latin American Mayors Forum convened in order to provide a platform for mayors across the region to demonstrate their leadership in tackling climate change, and an opportunity for mayors and city experts to share successful practices, engage with climate finance institutions and commit to the Compact of Mayors, a global initiative to accelerate local climate action.

read more »

GCF Board Accredits Seven Entities, Adopts Investment Framework [viewed]

green-climate-fund-new26 March 2015: At its ninth meeting, the Green Climate Fund (GCF) Board took a number of necessary steps toward its goal of approving funding for the first projects and programmes in October 2015. It agreed to accredit seven organizations, opening the door for them to begin developing and submitting project and programme proposals. In addition, it agreed on an initial investment framework, which will guide entities in the development of their proposals and create a transparent process for evaluating them.

read more »

UNFCCC Releases Programme Budget Proposal for 2016-2017 [viewed]

UNFCCC23 March 2015: The UNFCCC Secretariat has launched its proposal for a programme budget for the biennium 2016-2017 for consideration by the 42nd session of the Subsidiary Body for Implementation (SBI 42). The document (FCCC/SBI/2015/3) contains information on, inter alia, the approach of the Executive Secretary to framing the proposal, the structure of the proposed budget, additional requirements and the proposed programme budget.

read more »

Event: Green Bond Principles' First Annual General Meeting and Conference [viewed]

The Green Bond Principles (GBP) will convene its member and observer organizations for the first GBP Annual General Meeting (AGM), which will take place at the European Bank for Reconstruction and Development (EBRD) headquarters in London UK. Following the AGM, a conference open to members of the International Capital Market Association (ICMA) will provide an update on the GBP and information on developments in the green bond market. The GBP, launched in April 2014, establishes a set of voluntary process guidelines for issuing green bonds, and currently has close to 100 member and observer organizations. ICMA serves as the Secretariat to the GBP.  

read more »

UNECA Holds Regional Consultation on FfD, Prepares Common Position [viewed]

UNECA24 March 2015: The UN Economic Commission for Africa (UNECA) hosted a regional consultation for high-level political and Central Bank representatives, NGOs, civil society and the private sector to discuss: financing the post-2015 development agenda; Africa's progress since the Monterrey Consensus; climate financing; international private financial flows; international public finance and sovereign debt; trade, partnerships, technology and innovation; systemic issues; and monitoring, data and follow up, among other issues. The results of the consultation will be included as part of a Common African Position for the Third International Conference on Financing for Development (FfD 3).

read more »

UNFCCC Publishes SBI 42 and SBSTA 42 Agendas [viewed]

UNFCCC23 March 2015: The UNFCCC Secretariat has published the agenda for the 42nd sessions of the Subsidiarity Body for Implementation (SBI) (FCCC/SBI/2015/1) and the Subsidiary Body for Scientific and Technological Advice (SBSTA) (FCCC/SBSTA/2015/1).

read more »