Economics, Trade & Investment

IRENA Conference Launches Martinique Action Plan for Renewables Deployment on SIDS [viewed]

IRENA14 July 2015: A conference organized by the International Renewable Energy Agency (IRENA) has launched an action plan to accelerate the adoption of renewable energy in small island developing states (SIDS). The Martinique Action Plan outlines practical steps for deploying renewable energy resources and technologies in SIDS. It also seeks to demonstrate commitment of 27 SIDS and 19 development partners to the IRENA of SIDS Lighthouses Initiative in the run-up to the 2015 UN Climate Change Conference.

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Event: World Water Week 2015 [viewed]

World Water Week 2015 will meet under the theme ‘Water for Development,' with experts, practitioners, decision makers, business innovators and young professionals from a range of sectors and countries coming together to network, exchange ideas, stimulate innovative thinking and develop solutions to water-related challenges. The Week will include 160 events and eight workshops to discuss issues related to financing, the proposed sustainable development goals (SDGs), integrity, gender, climate change, energy, sanitation, food, conflict resolution and water management. World Water Week in Stockholm is an annual event that focuses on current global water issues, and is organized by the Stockholm International Water Institute (SIWI). 2015 is the jubilee year for both the Week and the Stockholm Water Prize.  

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Event: Green Climate Fund (GCF) Regional Workshop Pacific Islands [viewed]

The Green Climate Fund (GCF) Secretariat is hosting a workshop for the national designated authorities (NDAs) and focal points, as well as registered observer organizations and accredited entities (AEs) of the Pacific island countries. The workshop, which follows similar trainings in Central America and Asia, is being held under the auspices of the Fund's Readiness and Preparatory Support Programme. The agenda includes sessions focused on preparing NDAs and focal points for their role in communicating country-driven investment priorities, understanding which projects the GCF can support, accessing the GCF's funds for country priority projects and programmes, and ensuring appropriate oversight of GCF activities at the country level. Discussions will also focus on how the GCF can best support the region, priorities and issues, accreditation support, and public and private sector partnerships. In addition, on the last day of the workshop, the GCF will hold bilateral meetings with NDAs and focal points.  

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OECD, IEA, NEA, ITF Report Identifies Policies Misaligned with a Low-Carbon Economy [viewed]

low_carbon_economy3 July 2015: A report titled 'Aligning Policies for a Low-Carbon Economy' identifies current policy and regulatory frameworks that are not in line with creating a low-carbon economy. The report focuses on contradictory public policies, such as those that encourage investment in fossil fuels and work against global goals on climate change. It examines the policy domains of investment, taxation, innovation and skills, trade and adaptation, as well as sectors greatly impacting the climate such as electricity, urban mobility and rural land use.

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UNEP, CIFOR Publications Focus on REDD+ in Tanzania [viewed]

forests_ecosystemsJuly 2015: A report undertaken by the Tanzania Forest Services, in collaboration with the UN Environment Programme (UNEP) under the UN-REDD Programme, provides an economic rationale for Tanzania to invest in more sustainable use and conservation of its forest assets. Tanzania is the also focus of a publication by the Center for International Forestry Research (CIFOR), which outlines the rules and choices to be addressed by participatory countries in REDD+ activities and shows potential technical problems and related options.

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Event: African Regional Workshop on Nationally Appropriate Mitigation Actions (NAMAs) [viewed]

The UNFCCC Secretariat is organizing a capacity-building workshop for the African region on Nationally Appropriate Mitigation Actions (NAMAs). The workshop aims to strengthen the use of NAMAs as a tool for pre-2020 and post-2020 climate change action. Regional mitigation experts from international organizations and the private sector will present on designing and implementing NAMAs, as well as support programmes, and participants will share experiences, lessons learned and best practices. Discussions will focus on challenges and issues faced, financial engineering and investment strategies for leveraging multi-source financing, measurement, reporting and verification (MRV), sustainable development co-benefits, and the NAMA Registry.  

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Event: Major Economies Forum on Energy and Climate (MEF) [viewed]

The second meeting of the MEF in 2015 is scheduled for 18-19 July 2015, in Mondorf-les-Bains, Luxembourg. The meeting will be chaired by Caroline Atkinson, Deputy Assistant to the President and Deputy National Security Advisor for International Economics, and Todd Stern, Special Envoy for Climate Change. The MEF intends to convene four times in 2015. The Forum, launched in 2009 by US President Barack Obama, is aimed at facilitating candid dialogue among major emitting countries, both developed and developing, to garner the political leadership needed to advance efforts against climate change. The 17 major economies participating are: Australia, Brazil, Canada, China, the EU, France, Germany, India, Indonesia, Italy, Japan, the Republic of Korea, Mexico, the Russian Federation, South Africa, the UK and the US.  

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African, Caribbean and Pacific Countries Discuss COP 21 Position [viewed]

uneca-gcca1 July 2015: UNFCCC Parties from Africa, the Caribbean and the Pacific gathered for a Joint Policy Discussion geared toward finding a common position ahead of the 21st session of the Conference of the Parties (COP 21), scheduled to take place in November-December 2015, in Paris, France. According to the UN Economic Commission for Africa (UNECA), co-host of the Discussion with the Global Climate Change Alliance (GCCA), participants unanimously expressed concern about the difficulty of adaptation in the current state of climate politics and finance.

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GCF Set to Review First Project Proposals [viewed]

green-climate-fund-new10 July 2015: The 10th meeting of the Board of the Green Climate Fund (GCF) decided on policies and procedures that will enable a review of the Fund's first project proposals at the GCF Board's 11th meeting, with an eye on making financing decisions ahead of the 21st session of the Conference of the Parties (COP 21) to the UN Framework Convention on Climate Change (UNFCCC). The Board also accredited 13 new partner institutions, and launched a US$200 million pilot programme for enhancing direct access to the GCF.

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MDBs Will Collaborate to Mobilize Resources for Achievement of SDGs [viewed]

mdbs_210 July 2015: In the lead-up to the Third International Conference on Financing for Development (FfD), the African Development Bank (AfDB), Asian Development Bank (ADB), European Bank for Reconstruction and Development (EBRD), European Investment Bank (EIB), Inter-American Development Bank (IADB), World Bank Group and the International Monetary Fund (IMF) signaled their intention to extend over US$400 billion in financing over the next three years and to work more closely with each other and with public and private sector partners to mobilize resources to support the achievement of the proposed Sustainable Development Goals (SDGs).

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