Economics, Trade & Investment

India, UK Issue Statement on Energy and Climate Change [viewed]

india_uk13 November 2015: The Prime Ministers of the UK and India have issued a joint statement stressing their shared and uncompromising commitment to tackling climate change, including by taking domestic action and by working together for an ambitious and comprehensive agreement at the Paris Climate Change Conference. The Joint Statement on Energy and Climate Change was released during a meeting between India's Prime Minister Narendra Modi and British Prime Minister David Cameron held in London, UK.

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Egypt, Pakistan Submit INDCs [viewed]

UNFCCC12 November 2015: The UNFCCC Secretariat has reported that Egypt and Pakistan have formally submitted their intended nationally determined contributions (INDCs), bringing the total number of Parties that have made their submissions to 161. Egypt's INDC focuses largely on mitigation in the energy sector, especially through efficiency and alternative energy sources. Pakistan's INDC notes studies calculating the country's emissions projections are underway, which will allow the Party to make specific commitments.

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Guest Article #130: New Thinking on Agriculture and Fossil Fuel Subsidies [viewed]

New Zealand is a small, globalized economy built on the land sector. Our farming systems are mostly based on pastoral agriculture. In any given year, our land sector produces about 70% of the value of New Zealand's merchandise exports. As a consequence, there must be few other countries where milk prices are headline news, watched closely by currency traders, bank economists, and dairy farmers alike.

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Climate Vulnerable Forum Issues Manila Communiqué [viewed]

Climate Vulnerable Forum11 November 2015: A meeting of 43 countries vulnerable to climate change concluded with the adoption of a call to "enshrine the critical goal of below 1.5°C together with a successive 5-year commitment cycle" in the Paris climate change agreement. The 20-member Climate Vulnerable Forum (CVF) convened its Sherpa Senior Officers' Meeting, with participation by 23 incoming members, to take stock of progress and prepare a common position ahead of the Paris Climate Change Conference.

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UNEP, Axa Group Highlights Insurance Industry's Role in Building Resilience [viewed]

unep_fi_axa_2 November 2015: The UN Environment Programme Finance Initiative (UNEP FI) Principles for Sustainable Insurance (PSI) Initiative and the AXA Group, a global institutional investor, have published a report that showcases how cities and small and medium enterprises (SMEs) are building resilience to climate risks, and highlights the important role the insurance industry plays in working with cities and SMEs to help build resilient and sustainable communities and economies.

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Saudi Arabia, Sudan Submit INDCs [viewed]

UNFCCC10 November 2015: The UNFCCC Secretariat has reported that Saudi Arabia and Sudan have formally submitted their intended nationally determined contributions (INDCs), bringing the total number of Parties that have made their submissions to 159. Saudi Arabia's INDC indicates it will pursue economic diversification and adaptation with the aim of generating mitigation co-benefits. Sudan's INDC identifies objectives in the energy, forestry and waste sectors designed to guide the country toward low-carbon development.

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UNISDR Launches Private Sector Alliance for Disaster Resilient Societies [viewed]

UNISDRS6 November 2015: The UN Office for Disaster Risk Reduction (UNISDR) has launched the Private Sector Alliance for Disaster Resilient Societies (ARISE), which focuses on ensuring that businesses play an important role in minimizing disaster risk. ARISE aims to facilitate the exchange of experience and knowledge on how to implement projects in disaster risk management (DRM) strategies, investment metrics, benchmarking and standards, education and training, legal and regulatory, urban risk reduction and resilience, and insurance.

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Event: 12th Meeting of the Board of the Green Climate Fund [viewed]

During its 12th meeting, the Green Climate Fund (GCF) Board is set to discuss a number of pending issues related to fully operationalizing the Fund, and its policies and procedures. Among other things, the Board intends to consider proposals from entities wishing to be accredited by the Fund. The meeting will take place the week of 7 March 2016, with exact dates to be determined based on the length of the agenda. The Board governs and supervises the GCF based on guidance from the Conference of the Parties to the UNFCCC, including on matters relating to policies, programme priorities and eligibility criteria and matters related thereto.  

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Event: OECD Webcast Media Briefing on COP 21 [viewed]

This webcast media briefing will provide an update on the work of the Organisation for Economic Co-operation and Development (OECD) on climate change mitigation, climate finance, energy taxes, fossil fuel subsidies and the economic costs of climate change action. The briefing will be led by the OECD department on climate change. Experts from other OECD agencies and organizations, including the International Energy Agency (IEA), the Nuclear Energy Agency (NEA), the International Transport Forum (ITF) and the OECD Economics Department will also participate.  

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World Bank Highlights Poverty Reduction Benefits of Climate-Smart Development [viewed]

World Bank8 November 2015: In advance of the Paris Climate Change Conference, the World Bank has published a report, titled 'Shock Waves: Managing the Impacts of Climate Change on Poverty,' which finds that poverty reduction and the fight against climate change can be more effectively achieved if addressed in tandem. It indicates that climate change poses “an acute threat” to poorer people, and has the potential to push more than 100 million people back into poverty by 2030, mostly in Sub-Saharan Africa and South Asia.

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