Economics, Trade & Investment

UNFCCC Releases Advance Version of Technical Paper for Adaptation Fund Review [viewed]

UNFCCC23 October 2014: The UNFCCC Secretariat has published an advance version of a technical paper (FCCC/TP/2014/7) that provides background information for the second review of the Adaptation Fund. The paper serves to assist delegations in their preparations for the 10th session of the Conference of the Parties serving as the meeting of the Parties to the Kyoto Protocol (CMP 10) to be held in Lima, Peru, from 1-12 December 2014.

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Adaptation Fund Board Approves Six Projects Totaling US$33 Million [viewed]

Adaptation Fund10 October 2014: The Adaptation Fund Board (AFB) has announced it will fund six climate resilience projects, in Costa Rica, India, Kenya and South Africa. The decision represents a doubling in the direct access finance provided by the Fund. In addition, the Board approved almost US$150,000 in South-South grants to provide training on the Fund's accreditation process so that more countries will be able to take advantage of direct access finance.

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European Council Agrees on 2030 Climate and Energy Policy Framework [viewed]

European Council24 October 2014: The European Council has endorsed a binding EU target of at least a 40% domestic reduction in greenhouse gas (GHG) emissions by 2030 compared to 1990, and will submit its contribution under the UNFCCC by the first quarter of 2015, in accordance with the timeline agreed at the 19th session of the Conference of the Parties (COP 19). The target is part of the 2030 Climate and Energy Policy Framework agreed by the European Council at its meeting on 23-24 October 2014.

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Senior Arctic Officials Prepare for Arctic Council Ministerial Meeting [viewed]

Arctic Council23 October 2014: The Senior Arctic Officials (SAOs) and Heads of Delegation of Indigenous Permanent Participant organizations of the Arctic Council met to assess overall progress toward the priorities set under the Canadian Chairmanship. SAO Chair, Vincent Rigby, noted that the productive meeting would yield a "rich set of recommendations" for the Arctic Council Ministers to consider. Notably, SAOs approved a report outlining concrete recommendations for reducing woodstove black carbon emissions.

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World Resources Forum Discusses Economic and Environmental Linkages [viewed]

World Resources Forum22 October 2014: The 2014 World Resources Forum (WRF) brought together over 1,000 participants from 40 countries and international organizations to share knowledge and ideas on how to increase resource productivity, promote sustainable consumption and production (SCP) and mitigate climate change, while still maintaining and improving the quality of life for people everywhere.

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SE4ALL Launches in the Americas [viewed]

s4all-americas17 October 2014: The UN Decade of Sustainable Energy for All (SE4ALL) has officially launched in the Americas. With over 500 participants from across Latin America and the Caribbean in attendance, the event highlighted that a transition to universal sustainable energy access is possible in the region and pointed to the health, economic, social and environmental benefits of making that transition a reality.

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ADF 9 Recommends Policies to Address Poverty, Attract Financing [viewed]

adfix16 October 2014: The UN Economic Commission for Africa's (ECA) Ninth African Development Forum (ADF IX) agreed the Marrakech Consensus, which outlines recommendations on fiscal policies and regulatory frameworks to address poverty and attract and deploy capital. The Forum, which convened under the theme ‘Innovative Financing for Africa's Transformation,' focused on: domestic resource mobilization, including for Africa's structural transformation; illicit financial flows (IFFs), private equity, partnerships and climate financing for Africa's adaptation and mitigation needs.

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Sweden Announces US$550 Million GCF Contribution [viewed]

swedish flag22 October 2014: The Government of Sweden has announced its intention to increase Green Climate Fund (GCF) financing by approximately US$550 million (SEK 4 billion), for the Fund's initial resource mobilization process, and to allocate an additional SEK 500 million to international climate action.

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TEC Presents Recommendations on Linkages between Technology, Financial Mechanisms of UNFCCC [viewed]

UNFCCC21 October 2014: The UNFCCC Secretariat has published a document containing recommendations of the Technology Executive Committee (TEC) on the linkages between the Technology Mechanism and the Financial Mechanism of the Convention.

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Central African Countries Agree to Regional SE4ALL Vision [viewed]

SE4ALL21 October 2014: Central African countries have come together to back a regional policy on universal energy access and to promote social and economic development under the UN-led Sustainable Energy for All (SE4ALL) initiative. In committing to a SE4ALL Action Agenda, countries will focus on doubling the share of renewables and the rate of energy efficiency improvement, as well as ensuring access to modern energy services for their populations.

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