Economics, Trade & Investment

Adaptation and Loss and Damage Update: Adaptation Committee and LDC Expert Group Begin Work under Paris Mandate, Climate Change Adaptation, DRR and Sustainable Development Interlinkages Come to the Fore [viewed]

unfccc_unu_undp_une-_wcmc9 April 2016: Alongside the long-term goal of limiting temperature increase to well below 2°C above pre-industrial levels by 2100, the Paris Agreement on climate change includes a long-term adaptation goal, namely that of "enhancing adaptive capacity, strengthening resilience and reducing vulnerability to climate change, with a view to contributing to sustainable development and ensuring an adequate adaptation response in the context of the temperature goal." Furthermore, the vast majority of national climate plans submitted in advance of Paris (or Intended Nationally Determined Contributions (INDCs)) included descriptions of countries' adaptation goals, priorities, actions and needs. This Adaptation Update is the first in a series that aims to track the implementation of the adaptation component of these INDCs, and progress towards the long-term adaptation goal of the Paris Agreement. The activities reported in this Update also contribute to the implementation of the Sustainable Development Goals (SDGs), especially SDG 13 (Take urgent action to combat climate change and its impacts), as well as SDG 1 (End poverty in all its forms everywhere), SDG 5 (Achieve gender equality and empower all women and girls) and SDG 10 (Reduce inequality within and among countries).

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World Bank and GFDRR, UN-Habitat and UfM to Collaborate on Sustainable Urban Development [viewed]

world_bank_new8 April 2016: Two partnerships related to resilient urban development have been recently been unveiled. The World Bank Group and the Global Facility for Disaster Risk Reduction (GFDRR) have announced a partnership that will strengthen building regulation for disaster resilience in vulnerable countries, by improving implementation and compliance through the 'Building Regulation for Resilience: Managing Risks for Safer Cities' program. For their part, UN-Habitat and the Union for the Mediterranean (UfM) have agreed to cooperate on actions aimed at achieving socially and environmentally sustainable urban development in the Mediterranean region. These developments will help achieve Sustainable Development Goal 11 (Make cities and human settlements inclusive, safe, resilient and sustainable).

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BASIC Countries Discuss Paris Agreement Implementation [viewed]

brazil_southafrica_india_china7 April 2016: At the conclusion of their 22nd Meeting on Climate Change, Ministers from Brazil, South Africa, India and China (BASIC countries) issued a joint statement, pledging to sign the Paris Agreement on 22 April 2016 during the High-Level Signature Ceremony convened by the UN Secretary-General and to initiate domestic processes for ratification, acceptance or approval as soon as possible.

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African Ministers Call for Integrated Monitoring of SDGs, Agenda 2063 [viewed]

UNECA AU5 April 2016: African ministers reaffirmed the importance of aligning Africa's Agenda 2063 and the Sustainable Development Goals (SDGs), including in national development plans, at the Ninth Joint Annual African Union (AU) and UN Economic Commission for Africa (UNECA) Conference of Ministers of Finance, Planning and Economic Development. The meeting adopted 17 resolutions that support Africa's implementation of the SDGs.

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Asia-Pacific Adopts Plan for Financing 2030 Agenda, GCF Offers Support [viewed]

UNESCAP31 March 2016: Delegates at a UN regional dialogue on Financing for Development (FfD) agreed on follow-up steps towards implementing the 2030 Agenda for Sustainable Development, including plans to nurture capital markets and establish a regional forum on tax cooperation in the Asia-Pacific region. At the meeting, the Green Climate Fund (GCF) urged countries to submit innovative project proposals on responding to climate challenges, for possible financing.

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Event: Signature Ceremony of the Paris Climate Agreement: High-Level Luncheon [viewed]

On the occasion of the signing ceremony of the Paris Agreement on climate change, UN Secretary-General Ban Ki-moon will host a high-level luncheon bringing together governments, business, investors, civil society and the UN to signal support for translating the agreement into action. It will focus on the scale and pace of the market transformation required to achieve a safer, healthier and more prosperous future. The luncheon is being organized with support from the UN Global Compact, and is open to UN Global Compact company representatives at the chief executive level.  

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March 2016 Climate Finance Update: Fund Boards Meet, Carbon Markets Under the Spotlight [viewed]

march2016_climate_finance7 April 2016: In the Paris Agreement, agreed upon by 195 UN Member States in December 2015, countries agreed to make “finance flows consistent with a pathway towards low greenhouse gas (GHG) emissions and climate-resilient development.” Developing countries will receive financial resources for both mitigation and adaptation actions, while developed countries are expected to continue to lead in mobilizing climate finance from a variety of sources, with public funds playing a significant role in reaching the previously agreed US$100 billion annual target by 2020. Monthly IIDS RS Climate Finance Updates aim to help track multilateral financing to support the finance goal agreed under the UNFCCC, which will in turn contribute to the implementation of Sustainable Development Goal (SDG) 13 (Take urgent action to combat climate change and its impacts).

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Policy Update #31: Monthly Forecast: April 2016 [viewed]

As the international sustainable development community begins the fourth month of the “2016 Year of Implementation,” a number of events will demonstrate how various entities are approaching the implementation of the three key outcomes from the “2015 Year of Decision”: the Addis Ababa Action Agenda (AAAA), the 2030 Agenda for Sustainable Development, and the Paris Agreement on climate change.

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Implementation Update: Palestine Joins UNFCCC, China, EU, India, US Announce Climate Actions [viewed]

UNFCCC2 April 2016: Parties to the UNFCCC are making major announcements related to the Paris Agreement and its objectives. The actions described in this Update are also important for implementing the Sustainable Development Goals (SDGs), especially SDG 13 (Take urgent action to combat climate change and its impacts). A number news items reported here will also advance SDG 7, especially Target 7.2 to "increase substantially the share of renewable energy in the global energy mix."

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Sustainable Energy Finance Update: Majority of 2015 Renewables Investment Went to Developing Countries [viewed]

energy_finance_review20151 April 2016: When governments adopted the Sustainable Development Goals (SDGs) in September of last year, they agreed to a goal of ensuring access to affordable, reliable, sustainable and modern energy for all (SDG 7) by 2030. In a separate Goal, SDG 17, they set out targets for the means of implementation (MOI) necessary for achieving the SDGs. As the focus shifts from "the year of decisions" to "the year of implementation," the MOI necessary for achieving SDG 7, as well as the other Goals, are receiving greater attention. This update examines recent news related to finance MOI, with a view to identifying what governments and intergovernmental actors are doing to mobilize renewable energy, energy efficiency and energy access finance.

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