Economics, Trade & Investment

EBRD, BNEF Hold Forum on Sustainable Energy Finance [viewed]

erdb-bloomber-energy22 September 2014: Leaders from the climate finance community gathered at a forum hosted by the European Bank for Reconstruction and Development (EBRD), Bloomberg New Energy Finance (BNEF) and Finance for Resilience (FiRe) to accelerate sustainable energy finance by US$5 billion over a three-year period.

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UNFCCC Reports on Long-term Climate Finance Workshop [viewed]

UNFCCC22 September 2014: The UNFCCC Secretariat has released a summary report on the discussions held during an in-session workshop on long-term finance, which took place from 11-12 June 2014, in Bonn, Germany. The report (FCCC/CP/2014/3) contains information on the workshop proceedings, and summaries of its sessions on scaling up climate finance, and enabling environments and support needs.

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GEF Launches Sustainable Cities Program [viewed]

GEF23 September 2014: The Global Environment Facility (GEF) launched an Integrated Program on Sustainable Cities in the context of the UN Climate Summit, which took place on 23 September 2014. The program will establish a common platform for cities to access and share solutions on climate change adaptation and mitigation, energy, transport and water.

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UN-REDD Evaluates REDD+ Benefits in Panama [viewed]

unredd23 September 2014: The UN Collaborative Programme on Reducing Emissions from Deforestation (UN-REDD) conducted an assessment on 'The Potential Economic Values of the Multiple Benefits from REDD+ in Panama.' The assessment considers the value of non-timber forest products (NTFP), the preservation of genetic resources, recreational benefits, hydrological ecosystem services, erosion control, pollination and climate regulation.

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UN Private Sector Forum Focuses on Carbon Pricing [viewed]

United Nations Global Compact23 September 2014: The 2014 UN Private Sector Forum, held as part of the UN Secretary-General's Climate Summit, brought together approximately 400 global business, government and civil society leaders. During the event, a list of 31 ‘Carbon Pricing Champions' was announced and 11 ‘Corporate Commitments to Climate and Energy' were presented.

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Over 1000 Businesses, 73 Countries Support Carbon Pricing [viewed]

World Bank23 September 2014: Seventy-three countries and 22 states, provinces and cities, alongside over 1,000 business and investors, have signed a statement signaling their support for carbon pricing to help limit global temperature increase to below 2ºC, citing climate change as “one of the greatest global challenges" that "threatens to roll back decades of development and prosperity.”

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ILO, UNFCCC Argue Planet's De-carbonization Can Create Green Jobs [viewed]

unfccc-ilo22 September 2014: Director-General of the International Labour Organization (ILO), Guy Ryder, and Executive Secretary of the UN Framework Convention on Climate Change (UNFCCC), Christiana Figueres, have published an op-ed, titled 'Cleaner, Greener and Richer,' arguing that the UN Secretary-General's Climate Summit in New York and the UNFCCC session of the Conference of the Parties (COP) to be held in Paris in 2015 can deliver a more prosperous world that provides millions of decent work opportunities. The editorial highlights that climate change mitigation can promote growth and high-quality employment.

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UN Partners Discuss Raising Global Demand for Sustainability [viewed]

UNDP UNEPunorcid22 September 2014: A day prior to the UN Climate Summit 2014, a high level discussion, on the theme 'Towards a Deforestation-Free Future: The Demand-Side Challenge,' discussed how to generate and increase demand for products and services that contribute to land-based climate change mitigation, as well as sustainable development overall. The event identified the need to address the imbalance between the supply of sustainable production on one hand, and private sector initiatives and innovative finance, as related to demand for sustainable production and supply chains, on the other.

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ECLAC Assesses Climate Change Costs for Latin America and Caribbean [viewed]

1280784375ECLAC_logo22 September 2014: A report by the UN Economic Commission for Latin America and the Caribbean (ECLAC) calculates that, in a 2.5°C temperature rise scenario, the economic costs of climate change will equal approximately 2.5% of the region's annual gross domestic product (GDP). The study notes that the region is faced with “an asymmetrical dual challenge” given its limited contribution to total greenhouse gas (GHG) emissions and high vulnerability to climate change. It estimates the annual adaptation costs for the region at approximately 0.5% of the region's annual GDP.

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EU Climate Action Commissioner Hosts Ministerial Roundtable on Climate Change [viewed]

European Union 21 September 2014: An Informal Ministerial Roundtable on Climate Change, focusing on progress on the UN climate change negotiations, was hosted by EU Climate Action Commissioner Connie Hedegaard. The roundtable was held in the lead-up to other major climate events held in New York, including the 20th meeting of the Major Economies Forum (MEF) and the UN Secretary-General's Climate Summit.

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