Economics, Trade & Investment

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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New Climate Economy Highlights Benefits of Energy Efficiency Standards [viewed]

the_new_climate_economy5 November 2015: The New Climate Economy reports that raising energy efficiency standards around the world could reduce greenhouse gas emissions by up to 6.9 gigatonnes carbon dioxide equivalent (GtCO2e) per year by 2030. Exceeding the current annual emissions of the US, such reductions would also provide economic savings in appliances, buildings, industry and transport. The research appears in a working paper, titled ‘Raising Energy Efficiency Standards to the Global Best,' which provides recommendations for raising energy efficiency standards in G20 countries and globally.

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Global Joint REDD+ Knowledge Exchange Day Shares Lessons and Challenges [viewed]

unredd-fcpf8 November 2015: The Forest Carbon Partnership Facility (FCPF) and the UN Programme on Reducing Emissions from Deforestation and Forest Degradation (UN-REDD) hosted the 2015 Global Joint (REDD+) Exchange Day on 8 November 2015, in San José, Costa Rica. The event was designed as a country-led South-South knowledge exchange opportunity, and was webcasted live.

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Carbon Sequestration Leadership Forum Issues Ministerial Communiqué [viewed]

L-R: L-R: Ali bin Ibrahim Al-Naimi, Minister of Petroleum and Mineral Resources, Saudi Arabia, and CSLF Ministerial Co-Chair, and Ernest Moniz, Secretary of Energy, US, and CSLF Ministerial Co-Chair, and Ernest Moniz, Secretary of Energy, US, and CSLF Ministerial Co-Chair 7 November 2015: The Ministerial Conference of the sixth Carbon Sequestration Leadership Forum (CSLF) issued a Communiqué that calls for accelerating carbon capture and storage (CCS) deployment through strong global commitments and supportive government policies. The Ministerial Communiqué also stresses that "more needs to be done to bring CCS to the marketplace."

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UNEP Emissions Gap Report: 2°C Goal Still Within Reach [viewed]

UNEP6 November 2015: The UN Environment Programme (UNEP) has published its sixth edition of its 'Emissions Gap Report' ahead of the Paris Climate Change Conference. The report assesses the 119 intended nationally determined contributions (INDCs) that have been submitted by 146 countries as of 1 October 2015, representing approximately 88% of global emissions. As previous editions, it then compares the resulting emission levels in 2030 with what is required by science to be on track towards the agreed target of a global average temperature increase below 2°C by 2100. The report notes that, while the implementation of INDCs will limit greenhouse gas (GHG) emissions by 2030, the expected Paris agreement can still encourage further action to achieve the 2°C goal.

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GCF Board Approves First Projects [viewed]

green-climate-fund-new6 November 2015: The Green Climate Fund (GCF) is set to fund its first projects after the Board approved eight proposals at its 11th meeting (GCFB 11). The approved funding, which is contingent on fulfillment of specified conditions for seven of the projects, totals US$168 million. At the meeting, the Board also adopted an initial monitoring and accountability framework for accredited entities, a process to develop a strategic plan, a decision on the readiness programme and an updated set of administrative guidelines on procurement.

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Non-State Actor Zone for Climate Action Registers 2,245 Commitments [viewed]

UNFCCC Lima and Paris Climate Change Conferences6 November 2015: The UN, the French and Peruvian Governments, and businesses have added a total of 2,245 commitments to the Non-State Actor Zone for Climate Action (NAZCA) portal, launched in 2014 by the Peruvian Presidency of the 20th session of the Conference of the Parties (COP 20) to the UNFCCC. The information released brought the total number of commitments registered in the NAZCA portal to 6,649.

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Silva2015 Calls for Development of Forest-Related Indicators on SDGs [viewed]

Participants at Ssilva20156 November 2015: Silva2015, the joint session of the UN Economic Commission for Europe (UNECE) Committee on Forests and the Forest Industry and the European Forestry Commission of the Food and Agriculture Organization of the UN (FAO), addressed the theme 'The Value of Forests.' The session gathered representatives from 39 countries from Europe, Central Asia, the Caucasus and North America, who pledged to continue their efforts to build climate change into national forest programmes, and asked UNECE and FAO to develop global forest-related indicators related to the Sustainable Development Goals (SDGs), building on existing indicators.

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Fiji Submits INDC [viewed]

Fiji Flag5 November 2015: The UNFCCC Secretariat has reported that Fiji has formally submitted its intended nationally determined contribution (INDC), bringing the total number of Parties that have made their submissions to 157. Fiji's INDC is specific to the national energy sector, where it aims to achieve a 30% reduction in carbon dioxide (CO2) emissions compared to a business-as-usual (BAU) scenario by 2030.

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UN General Assembly Holds Informal Meeting on COP 21 [viewed]

UN logo4 November 2015: During a briefing on preparations for the 21st session of the Conference of the Parties (COP 21) to the UNFCCC, UN Secretary-General Ban Ki-moon told an informal meeting of the UN General Assembly (UNGA) that he will actively engage Heads of State and Government in the remaining weeks before COP 21 takes place in Paris, France, saying "ultimate responsibility for success in Paris rests firmly in their hands." He urged leaders to tell negotiators that "now is the time for compromise and consensus building."

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