Economics, Trade & Investment

BASIC Call for Finalizing Elements of Draft Negotiating Text in Lima [viewed]

Indian Flag8 August 2014: The 18th BASIC Ministerial Meeting on Climate Change brought together representatives from Brazil, India, South Africa and China (BASIC), who adopted a joint statement emphasizing the need to finalize the elements of a draft negotiating text for the 2015 agreement at the 20th session of the Conference of the Parties (COP 20) to the UNFCCC, to be held in Lima, Peru, in December 2014.

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NAP Expo 2014 Catalyzes Actions and Support for NAP Process [viewed]

UNFCCC9 August 2014: The National Adaptation Plan (NAP) Expo 2014 provided an opportunity to mobilize action and support for the formulation and implementation of NAPs, to share technical knowledge and tools, and identify gaps and needs of LDCs and other developing countries as they undertake their NAP process.

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GCF Calls for Inputs on Investment Framework [viewed]

Green Climate Fund (GCF)7 August 2014: The Secretariat of the Green Climate Fund (GCF) has issued a call for public inputs on aspects relating to the development of the Fund's investment framework. The call follows the adoption by the GCF Board of the Fund's initial investment framework in May 2014, and inputs will feed into the Board's consideration of the framework's further development.

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First US-Africa Summit Addresses Energy, Food Security [viewed]

us.africa.summit6 August 2014: The US-Africa Summit, which brought together over 50 Heads of State from Africa and US President Barack Obama, addressed, inter alia: promoting inclusive sustainable development; expanding trade and investment ties; engaging young African leaders; and expanding cooperation on peace and security. The Summit also featured sessions on resilience and food security in a changing climate, and combatting wildlife trafficking.

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World Bank Announces US$5bn for Power Generation in Africa [viewed]

power.africa5 August 2014: The World Bank has committed US$5 billion in technical and financial support for energy projects in six African countries partnering with US President Barack Obama's Power Africa Initiative. The support will consist of direct financing, investment guarantees and advisory services for project preparation, with the aim of creating 2.5 GW in new electricity generation capacity.

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ADB, Private Equity Investments Partner in Climate-Related Transactions [viewed]

ADB4 August 2014: The Asian Development Bank (ADB), ORIX Corporation (ORIX) and Robeco Institutional Asset Management B.V. (Robeco) have formed a joint venture titled 'Asia Climate Partners' (ACP), which will undertake commercially-viable, private equity investments across a range of low-carbon transactions throughout Asia.

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UNEP Tracks Adaptation Actions in Africa [viewed]

UNEPAugust 2014: The UN Environmental Programme (UNEP) has published a report, titled ‘Keeping Track of Adaptation Actions in Africa: Targeted Fiscal Stimulus Actions Making a Difference,' which reviews, for both policy makers and other stakeholders, the current and future implications of climate change impacts in Africa.

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WorldFish Report Discusses Fisheries, Food Security and Climate Change in Kiribati [viewed]

WorldFishAugust 2014: WorldFish has released a report that examines fisheries governance and livelihoods in Kiribati. The report, titled ‘Fish for the Future: Fisheries development and food security for Kiribati in an era of global climate change,' analyzes the status of Kiribati coastal and ocean fisheries resources and discusses challenges related to sustainability and climate change; population, food security and coastal fisheries management; social challenges in Kiribati fisheries; and licensing revenue and development.

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IMF Stresses Role of Taxes for Sustainable Energy Pricing [viewed]

international.monetary.fund31 July 2014: The International Monetary Fund (IMF) has released a book for policy makers on how to use tax policy to ensure that energy prices properly reflect impacts on the environment and sustainable economic development.

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India, US Consult on Climate Change [viewed]

india.us30 July 2014: High-level officials from India and the US have met to discuss bi- and multilateral cooperation on climate change. The meeting constituted the first round of bilateral consultations under the India-US Joint Working Group on Climate Change.

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