Economics, Trade & Investment

ESCAP, RIMES Warn Pacific Islands of Extreme Weather Risks [viewed]

unescap-rimes21 November 2014: Through a joint press release, the UN Economic and Social Commission for Asia and the Pacific (ESCAP) and the Regional Integrated Multi-Hazard Early Warning System for Africa and Asia (RIMES) have warned that extreme weather conditions predicted for the Pacific Ocean pose a significant threat for the industry and infrastructure of island States, and encourages establishing a regional mechanism for better preparedness.

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CIF Governing Body Confirms Funds' Mandate [viewed]

CIF20 November 2014: The semi-annual Climate Investment Funds (CIF) governing body meetings concluded in a unanimous commitment to the CIF mandate in the future in order to ensure continuity of climate finance and action. The meeting also emphasized the need to maintain diversity of financing options, and complementarity and coherence of CIF with other sources of climate finance.

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ICCG Best Climate Practices Winners Announced [viewed]

ICCG11 November 2014: The International Center for Climate Governance (ICCG) has announced the 2014 Best Climate Practices Contest winners. Under this year's theme, ‘Energy Poverty Reduction,' a range of projects was submitted addressing the challenges of climate change and energy poverty. The awards were announced in two categories: the Experts' Choice Award and the Users' Choice Award.

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Samoa Launches Largest-Ever GEF LDC Fund Adaptation Project [viewed]

GEF UNDP7 November 2014: Samoa launched a US$12.3 million project on climate adaptation, the largest national project to be funded under the Least Development Countries Fund (LDCF) of the Global Environment Facility (GEF).

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South East Europe to Improve Provision of Climate Services [viewed]

gfcs24 November 2014: A regional workshop in South East Europe (SEE) discussed pooling knowledge and expertise to improve the provision of user-friendly climate services in order to increase resilience against weather and climate extremes. Attendees included meteorologists, hydrologists, disaster, health, water and agricultural managers, as well as representatives of the World Meteorological Organization (WMO), the World Health Organization (WHO) and the UN Development Programme (UNDP).

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Canada Pledges Funding to GCF [viewed]

CANADA Flag21 November 2014: The Government of Canada has announced it will commit CAD$300 million to the Green Climate Fund (GCF). The announcement was made ahead of the 20th session of the Conference of the Parties (COP 20) to the UNFCCC, to be held in Lima, Peru, in December 2014, and just after the first GCF pledging conference, which took place in Berlin, Germany, on 20 November 2014.

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IEA Proposes Five Actions for Energy Sector Decarbonization [viewed]

IEA20 November 2014: The International Energy Agency (IEA) has proposed a list of five actions and implementation options for decarbonizing the energy sector. The proposal, which offers concrete recommendations for a 2015 climate agreement, appears in a document titled, ‘The Way Forward: Five Key Actions to Achieve a Low-Carbon Energy Sector.'

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SDSN Outlines Pathways to Deep Decarbonization in the US [viewed]

unsdsn20 November 2014: The Deep Decarbonization Pathways Project (DDPP) has released a report demonstrating that the US could achieve an 80% reduction in greenhouse gas (GHG) emissions below 1990 levels by 2050. Using what the report indicates are conservative economic assumptions and existing or near-commercial technologies, the report creates four low-carbon scenarios, all leading to the 80% cut, which translates into an 83% reduction over 2005 levels.

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US$9.3 Billion Pledged to GCF [viewed]

green-climate-fund-new20 November 2014: Representatives from 21 governments presented pledges at the Green Climate Fund (GCF) High-Level Pledging Conference amounting to US$9.3 billion. The GCF underlined that this is the highest sum ever raised within a five-month period for an international financing mechanism dedicated to combating climate change.

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UNFCCC Identifies Cooperation Areas on the Impacts of Response Measures [viewed]

UNFCCC19 November 2014: A technical paper published by the UNFCCC Secretariat continues work on the impact of measures implemented in response to climate change. As such response measures may have various impacts, whether social, environmental or economic, parties have looked for areas of convergence in addressing this issue, including through a forum held on 6 June 2013. The technical paper summarizes opportunities for cooperation on this issue.

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