Economics, Trade & Investment

COP 21 Considers Revised Draft Outcome [viewed]

cop219 December: Delegates at COP 21 discussed a revised version of the Paris outcome during an evening session of the Comité de Paris. Introducing the revised draft, COP 21 President Laurent Fabius informed parties that the text: is “inspired” by the ADP draft Paris outcome from Saturday, 5 December; incorporates ministerial facilitators' recommendations; and draws from ADP co-facilitators' suggestions and experience. He explained that the 29-page text, which contains three-fourths fewer brackets than the previous draft, aims to provide an overview of progress made and identify clear options on three cross-cutting issues still to be settled at the political level.

read more »

IUCN and WBCSD Announce Partnership to Help Businesses Address Climate Change [viewed]

iucn_wbcsd7 December 2015: The International Union for Conservation of Nature (IUCN) and the World Business Council for Sustainable Development (WBCSD) announced a five-year partnership focused on helping businesses address climate change and ecosystem degradation through the valuation of nature.

read more »

COP 21 Considering Draft Paris Outcome [viewed]

cop218 December 2015: Negotiations advanced on the draft outcome of COP 21, with minister-led informal consultations, bilaterals and party-led breakout groups under the "Comité de Paris" on: support: MOI (finance, technology and capacity building); acceleration of pre-2020 action (workstream 2, excluding pre-2020 finance); adaptation, and loss and damage; differentiation, in particular with regard to mitigation, finance and transparency; ambition, including long-term goals and periodic review; facilitating implementation and compliance; preamble; forests; cooperative mechanisms; and response measures.

read more »

Business Leaders Commit to Advancing Low-carbon Economy [viewed]

Global Compact8 December 2015: The third annual Caring for Climate Business Forum brought together 400 business leaders, government officials and other stakeholders to discuss how business can accelerate action for climate change mitigation, and to announce new commitments by business leaders and joint initiatives. The event showed that a growing number of businesses is taking forward-looking actions to develop viable business models in support of a low-carbon economy.

read more »

Energy Day Launches Major Initiatives on Renewables, Efficiency and Access [viewed]

s4all_irena_lpaa7 December 2015: A number of major cooperative initiatives on renewable energy, energy access and energy efficiency were announced during Energy Day at the Paris Climate Change Conference. Hundreds of participants from governments, businesses and financial institutions participated in the event held as part of the Lima-Paris Action Agenda (LPAA) Focus on Energy.

read more »

UNDP, WRI Report Recommends Supporting MSEs in Adaptation Efforts [viewed]

undp_wri8 December 2015: Focusing on micro and small enterprises (MSEs) is critical to climate change adaptation because these businesses provide livelihoods for the world's poor, who are particularly vulnerable to climate change, according to a report by the UN Development Programme (UNDP) and the World Resources Institute (WRI). UNDP and WRI launched the report on the sidelines of the Paris Climate Change Conference.

read more »

GLF Highlights Climate-related Land-Use Issues and Research [viewed]

glf_paris7 December 2015: The 2015 Global Landscapes Forum (GLF) gathered more than 3,000 people to discuss priority issues including land restoration, financing for sustainable landscapes and strengthening the role of indigenous peoples and local communities in land-related decision-making. Several publications were launched in concert with the Forum, which convened from 5-6 December 2015, on the sidelines of the Paris Climate Change Conference.

read more »

Coalition of Financial Institutions Sign Five Principles for Mainstreaming Climate Action [viewed]

finantial_institutions7 December 2015: A coalition of 26 financial institutions has signed on to five voluntary principles, titled ‘Mainstreaming Climate Action Within Financial Institutions,' pledging to scale up their efforts to address climate change and to continue to integrate climate considerations into their investments and advisory functions. The principles outline how financial institutions can: commit to climate strategies; manage climate risks; promote climate smart objectives; improve climate performance; and account for climate action.

read more »

UNDP and Partners Make the Case for Ecosystem-Based Adaptation [viewed]

making_the_caseDecember 2015: Launched on the sidelines of the Paris Climate Change Conference, a publication by the UN Development Programme (UNDP) and partners showcases lessons learned from Nepal, Peru and Uganda in integrating ecosystem-based adaptation (EbA) into broader adaptation strategies, and in making the required policy and finance shifts.

read more »

Guest Article #136: The Green Climate Fund Starts Funding Climate Action in Developing Countries [viewed]

A few weeks ahead of the start of the 21st session of the Conference of the Parties (COP 21), where climate negotiators are set to gather to seal the fate of the Universal Climate Agreement, the Green Climate Fund sent a strong message to the world community: Its Board approved its initial set of projects and programmes, financing USD 168 million, with an additional allocation of USD 195 million over time, overall catalyzing up to USD 1.3 billion in private and public investments. This marks the end of the GCF launch phase and kick-starts the flow of climate finance through the Fund to developing countries.

read more »