Economics, Trade & Investment

February-April 2016 NAMA Update: NAMAs Receive Growing Attention as Implementation Tools Post-Paris [viewed]

feb_nama_update201615 April 2016: Nationally appropriate mitigation actions (NAMAs) by developing countries, first introduced in the UN Framework Convention on Climate Change (UNFCCC) Cancun Agreements, are becoming an increasingly important vehicle supporting the implementation of the Paris Agreement, with significant co-benefits for the 2030 Agenda for Sustainable Development due to their alignment with national development strategies. This update focuses on individual NAMAs, and related support, events and activities, for the period from mid-February 2016 to mid-April 2016.

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ICAO's 2016 GLADs Collect Feedback on Proposed Global Market-Based Measure Scheme [viewed]

Icao8 April 2016: During a second round of Global Aviation Dialogues (GLADs) on market-based measures (MBM) to address climate change, the International Civil Aviation Organization (ICAO) has presented draft Assembly resolution text to member States and other stakeholders in the five ICAO regions. Each GLAD provided participants the opportunity to learn about the design elements and implementation mechanisms of the MBM draft resolution text and to offer initial feedback during discussions.

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EU FLEGT Facility Releases Factsheet on VPAs and the SDGs [viewed]

euflegt30 March 2016: The EU Forest Law Enforcement, Governance and Trade (FLEGT) Facility has released a factsheet and a briefing exploring how Voluntary Partnership Agreements (VPAs) between the EU and timber-exporting countries contribute to the Sustainable Development Goals (SDGs).

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'Two Degrees of Change' Initiative Addresses Women's Role in Climate Action [viewed]

newton11 April 2016: A new initiative aimed at accelerating progress on climate action and gender equality by forming a more joined-up approach and creating a “compounding effect” has been launched. The 'Two Degrees of Change' initiative is led by Helena Morrissey, CEO, Newton Investment Management (a global investment management firm), and Christiana Figueres, UNFCCC Executive Secretary. It will help achieve Sustainable Development Goal 13 (SDG 13) on taking urgent action to combat climate change and its impacts, and SDG 5 on achieving gender equality.

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Banks Pledge US$7 Billion for Clean Energy, World Bank Adopts Climate Change Action Plan [viewed]

bloomberg_wbg7 April 2016: A number of private banks and the World Bank Group (WBG) have announced initiatives that will contribute to implementing the Paris Agreement on climate change, which was adopted in December 2015, as well as various Sustainable Development Goals (SDGs). By pledging US$7 billion, a group of eight banks and investors have joined the Bank of America's initiative aimed at stimulating US$10 billion for investments in clean energy and sustainable development. For its part, the WBG has announced its Climate Change Action Plan, which aims to support countries in delivering on their national climate plans, also referred to as Nationally Determined Contributions (NDCs) under the UNFCCC, and sets ambitious targets for 2020 in high-impact areas, including clean energy, green transport, climate-smart agriculture and urban resilience.

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Member States Negotiate FfD Forum Outcome [viewed]

FfD13 April 2016: UN Member States have continued negotiations on the conclusions and recommendations of the upcoming UN Economic and Social Council (ECOSOC) Forum on Financing for Development Follow-up (FfD Forum). A draft outcome, which was circulated on 7 April 2016, is the subject of ongoing consultations. Jean-Francis Regis Zinsou, Permanent Representative of Benin, and Vladimir Drobnjak, Permanent Representative of Croatia, are co-facilitating the consultations.

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Event: High-level Forum: The Africa We Want in 2030, 2063 and Beyond [viewed]

The Office of the Special Adviser on Africa (OSAA), the Government of Sweden and the African Union Commission (AUC) are organizing a High-level Forum on ‘Early Action and Results on the 2030 Agenda for Sustainable Development'. The Forum will bring together high-level speakers and participants to focus on the synergies and complementarity of Agenda 2063 and the 2030 Agenda for Sustainable Development. It will address three themes: towards transformative economic growth and regional integration in Africa, including sustainable and decent work for youth (SDGs 8 and 9); empowering African Women and gender (SDG 5); and consolidating peace and security in Africa (SDG 16). The event will take place during the week of the High-level Ceremony of the Paris Agreement and the UN General Assembly's High-level Thematic Debate on Achieving the SDGs.  

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Adaptation and Loss and Damage Update: Adaptation Committee and LDC Expert Group Begin Work under Paris Mandate, Climate Change Adaptation, DRR and Sustainable Development Interlinkages Come to the Fore [viewed]

unfccc_unu_undp_une-_wcmc9 April 2016: Alongside the long-term goal of limiting temperature increase to well below 2°C above pre-industrial levels by 2100, the Paris Agreement on climate change includes a long-term adaptation goal, namely that of "enhancing adaptive capacity, strengthening resilience and reducing vulnerability to climate change, with a view to contributing to sustainable development and ensuring an adequate adaptation response in the context of the temperature goal." Furthermore, the vast majority of national climate plans submitted in advance of Paris (or Intended Nationally Determined Contributions (INDCs)) included descriptions of countries' adaptation goals, priorities, actions and needs. This Adaptation Update is the first in a series that aims to track the implementation of the adaptation component of these INDCs, and progress towards the long-term adaptation goal of the Paris Agreement. The activities reported in this Update also contribute to the implementation of the Sustainable Development Goals (SDGs), especially SDG 13 (Take urgent action to combat climate change and its impacts), as well as SDG 1 (End poverty in all its forms everywhere), SDG 5 (Achieve gender equality and empower all women and girls) and SDG 10 (Reduce inequality within and among countries).

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World Bank and GFDRR, UN-Habitat and UfM to Collaborate on Sustainable Urban Development [viewed]

world_bank_new8 April 2016: Two partnerships related to resilient urban development have been recently been unveiled. The World Bank Group and the Global Facility for Disaster Risk Reduction (GFDRR) have announced a partnership that will strengthen building regulation for disaster resilience in vulnerable countries, by improving implementation and compliance through the 'Building Regulation for Resilience: Managing Risks for Safer Cities' program. For their part, UN-Habitat and the Union for the Mediterranean (UfM) have agreed to cooperate on actions aimed at achieving socially and environmentally sustainable urban development in the Mediterranean region. These developments will help achieve Sustainable Development Goal 11 (Make cities and human settlements inclusive, safe, resilient and sustainable).

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BASIC Countries Discuss Paris Agreement Implementation [viewed]

brazil_southafrica_india_china7 April 2016: At the conclusion of their 22nd Meeting on Climate Change, Ministers from Brazil, South Africa, India and China (BASIC countries) issued a joint statement, pledging to sign the Paris Agreement on 22 April 2016 during the High-Level Signature Ceremony convened by the UN Secretary-General and to initiate domestic processes for ratification, acceptance or approval as soon as possible.

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