Economics, Trade & Investment

ESCAP 71 Establishes Energy Committee, Disaster Information Centre [viewed]

UNESCAP29 May 2015: The UN Economic and Social Commission for Asia and the Pacific (ESCAP) adopted 14 resolutions at its 71st session, including agreement to promote transport and information and communications technology (ICT) links, establish a centre to share and manage disaster information, and create a Committee on Energy.

read more »

SE4ALL Accelerators Plan Joint Action for High-Efficiency Products [viewed]

enlighten15 May 2015: The UN Environment Programme (UNEP) and the Global Environment Facility (GEF) hosted the first joint Project Steering Committee meeting of the en.lighten and United for Efficiency (U4E) initiatives, developing strategic guidance for coordinated action by the two initiatives. U4E and en.lighten are the Sustainable Energy for All (SE4ALL) initiative's Accelerators on appliances and lighting, respectively, and are working together to assist countries in leapfrogging to high-efficiency products.

read more »

CEM6 Announces Actions for Global Clean Energy Transition [viewed]

CEM6 Participants28 May 2015: During the sixth Clean Energy Ministerial (CEM6), “ambitious actions to accelerate the global transition to clean energy” were announced, including global efforts addressing critical technology and policy challenges of efficient lighting, low-carbon power systems and information availability regarding low-carbon development policies. At CEM6, ministers agreed to launch an enhanced, second phase of work under the CEM, referred to as “CEM 2.0.”

read more »

Carbon Expo 2015 Highlights Market Mechanisms for Climate Change Mitigation [viewed]

CARBON EXPO 201228 May 2015: The 12th edition of the Carbon Expo instilled a sense of renewed optimism about the future of carbon markets, according to event organizers. The 2015 Carbon Expo, which is a global carbon market fair and conference, brought together stakeholders from the policy, business, non-governmental, research and financial realms to discuss carbon pricing and finance tools for transitioning to low-carbon economies.

read more »

May 2015 Climate Finance Update [viewed]

AfDB - IDB - Adaptation Fund - UNDP - GEF - World Bank - APEC - SLoCaT - UNISDR - ADB - EIB1 June 2015: Climate finance-related news and announcements during May 2015 were published by the African Development Bank (AfDB), the Inter-American Development Bank (IDB), the Adaptation Fund, the UN Development Programme (UNDP), the Global Environment Facility (GEF), the World Bank, Asia-Pacific Economic Cooperation (APEC), the Partnership on Sustainable Low Carbon Transport (SLoCaT) and the UN Office for Disaster Risk Reduction (UNISDR). AfDB, IDB, the Asian Development Bank (ADB), the European Investment Bank (EIB) and the World Bank launched studies, reports and stories related to climate risk and finance. AfDB, ADB and the World Bank reported on climate change and finance-related events.

read more »

May 2015 Sustainable Energy Finance Update [viewed]

AfDB-ADB-EBRD-EIB-GEF-IDB-OPEC-World BankMay 2015: In May, the African Development Bank (AfDB), Asian Development Bank (ADB), European Bank for Reconstruction and Development (EBRD), European Investment Bank (EIB), Global Environment Facility (GEF), Inter-American Development Bank (IDB), OPEC (Organization of the Petroleum Exporting Countries) and World Bank announced funding for sustainable energy projects.

read more »

Canada, Mexico, US Partner on Climate Change and Energy [viewed]

mexico_canada_us25 May 2015: The Governments of Canada, Mexico and the US have announced the creation of the North American Energy Ministers' Working Group on Climate Change and Energy. The partnership aims to harmonize efforts and policies toward common climate goals while protecting jobs and the economy. The joint announcement was made by Greg Rickford, Canada's Minister of Natural Resources, Ernest J. Moniz, US Secretary of Energy, and Pedro Joaquín-Coldwell, Mexico Secretary of Energy.

read more »

CIF Expands Investment Opportunities to 72 Countries [viewed]

CIF19 May 2015: Decisions taken during the semi-annual Climate Investment Funds (CIF) governing body meetings will bring the US$8.1 billion CIF to a total of 72 developing and middle-income countries in the areas of renewable energy, technology, sustainable forestry and climate resilience. During the meetings, the CIF earmarked US$100 million to Ghana, Nicaragua and Haiti to help them develop their renewable energy markets.

read more »

IMF Estimates Global Energy Subsidies at US$5.3 Trillion [viewed]

IMF18 May 2015: A study by the International Monetary Fund (IMF) concludes that, despite the decline in energy prices, global energy subsidies are “dramatically higher than previously estimated.” The working paper, which presents updated information on regional and global energy subsidies, argues that subsidy reform is in countries' own interests given related fiscal, environmental and welfare benefits.

read more »

UNDP, UNEP Support Environment and Climate Mainstreaming for Poverty Reduction [viewed]

UNDP UNEPMay 2015: The UN Development Programme (UNDP) – UN Environment Programme (UNEP) Poverty-Environment Initiative (PEI) has published the second edition of a report, titled 'Mainstreaming environment and climate for poverty reduction and sustainable development: A handbook to strengthen planning and budgeting processes,' which supports the integration and implementation of pro-poor, environmental sustainability objectives into national, subnational and sectoral development policies, plans and budgets to contribute to poverty alleviation and an inclusive, green economy.

read more »