Economics, Trade & Investment

MDBs to Accelerate Efforts on Sustainable, Low-Carbon Transport [viewed]

mdb3 December 2015: On the sidelines of the Paris Climate Change Conference, the Multilateral Development Banks (MDBs) issued a joint statement that recognizes the contribution of transport to greenhouse gas (GHG) emissions and pledges to accelerate efforts to mitigate transport emissions. In their statement, the African Development Bank (AfDB), Asian Development Bank (ADB), CAF-Development Bank of Latin America (CAF), European Bank for Reconstruction and Development (EBRD), European Investment Bank (EIB), Inter-American Development Bank (IDB), Islamic Development Bank (ISDB), and the World Bank outline commitments to accelerate efforts on climate finance, low-carbon transport solutions and adaptation.

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Adaptation Committee Reports on Achievements and Sources of Support for Adaptation [viewed]

UNFCCC2 December 2015: The UNFCCC Secretariat has released two reports of the Adaptation Committee: one on the Committee's achievements in promoting enhanced action on adaptation and its future work plan and another on the available support for developing countries in formulating and implementing national adaptation plans (NAPs).

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Paris Climate Change Conference Considers Reports from Funds, Side Events Consider Land, Farmers, INDCs [viewed]

cop21_iisdrs2 December 2015: On Wednesday, 2 December, African parties to the 21st session of the Conference of the Parties to the UN Framework Convention on Climate Change (UNFCCC COP 21) endorsed Morocco to host COP 22. Also during the COP plenary, the Strategic Climate Fund reported that, for the first time, it has provided two draft compiled texts on guidance to the Green Climate Fund (GCF) and Global Environment Facility (GEF).

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Coalition Announces US$80 Million for Climate Risk Early Warning Systems [viewed]

cop212 December 2015: A coalition of countries and international organizations including the World Meteorological Organization (WMO), the UN Office for Disaster Risk Reduction (UNISDR) and the World Bank's Global Facility for Disaster Reduction and Recovery (GFDRR) launched the Climate Risk Early Warning Systems (CREWS) initiative, in order to: strengthen support for early warning systems in vulnerable countries; protect and shelter populations exposed to extreme climate events; and mobilize additional financing.

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International Solar Energy Alliance Launched [viewed]

india_france30 November 2015: The International Solar Energy Alliance, initiated by the Governments of India and France at the 21st session of the Conference of the Parties (COP 21) to the UNFCCC, has garnered the support of 120 countries. Among other commitments, the supporting countries express their intention to collectively mobilize more than US$1000 billion by 2030 to scale up solar energy deployment.

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GFC Publishes Guide on Investment Opportunities [viewed]

green-climate-fund-new26 November 2015: The Green Climate Fund (GFC) has released the second volume of its information series 'Elements,' focusing on investment opportunities with the Fund. The publication provides an overview of the areas in which the Fund is expected to make investments, including its results management framework and criteria for prioritizing project proposals.

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Policy Update #25: Balancing Urgency and Integrity in Climate Finance: The Green Climate Fund's Daunting Task [viewed]

November 2015 began with an historic meeting of the Green Climate Fund (GCF), where the Board of this new international financial institution (IFI) approved the funding for its very first projects and programmes, totaling US$168 million and allocating an additional US$195 million over time. November ended with the first day of negotiations at the much anticipated Paris Climate Change Conference, where finance for mitigation and adaptation is expected to be a contentious issue as governments work toward a new global climate agreement. Climate finance has been named one of the pillars underlying a successful outcome in Paris by the French Presidency of the 21st session of the Conference of the Parties (COP 21) to the UNFCCC.

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COP 21 Starts Substantive Negotiations [viewed]

cop21_1dec_iisdrs1 December 2015: Governments began substantive negotiations on the second day of the Paris Climate Change Conference. The Rio Conventions Pavilion and Africa Pavilion, among other organizers of side events, also convened panels on the themes of UNFCCC COP 21.

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Angola, Brunei Darussalam, Jamaica, Malaysia, Nigeria, Palau and Tuvalu Submit INDCs [viewed]

UNFCCC1 December 2015: The UNFCCC Secretariat has reported that Angola, Brunei Darussalam, Jamaica, Malaysia, Nigeria, Palau and Tuvalu have formally submitted their intended nationally determined contributions (INDCs), bringing the total number of Parties that have made their submissions to 185.

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LPAA Forest Event Features Commitments to Protect and Restore Forests [viewed]

lpaa1 December 2015: A special event on forests, held as part of the Paris Climate Change Conference and under the Lima-Paris Action Agenda (LPAA), showcased partnerships, commitments and implementation strategies to protect and restore forests, and endorsed them as a key climate solution. The LPAA is a joint undertaking of the Peruvian and French Presidencies of the Conference of the Parties (COP) to the UNFCCC, the Office of the UN Secretary-General and the UNFCCC Secretariat.

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