Economics, Trade & Investment

Progress Report Shows MDBs on Target To Meet Sustainable Transport Investment Goals [viewed]

progress-mdb2 March 2015: The eight multilateral development banks (MDBs) are on target to reach their goal of investing US$ 175 billion in sustainable transport over the decade from 2012-2022, according to a report jointly published by the MDBs. The report emphasizes how the MDBs' sustainable transport investments are supporting climate-resilient, low-carbon growth in developing countries.

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February 2015 Sustainable Energy Finance Update [viewed]

feb_2015_energy_financeFebruary 2015: In February, the African Development Bank (AfDB), Asian Development Bank (ADB), Caribbean Development Bank (CDB), Climate Investment Funds (CIF) of the World Bank, European Bank for Reconstruction and Development (EBRD), European Investment Bank (EIB), Inter-American Development Bank (IDB) and the UN Department of Economic and Social Affairs (UN-DESA) announced funding for sustainable energy projects. Recipient countries include Belarus, Chile, Colombia, Ecuador, Germany, Honduras, India and the UK.

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Event: Business and Climate Summit [viewed]

The Business and Climate Summit will provide a platform to highlight business solutions towards a low-carbon economy and discuss the frameworks and policies needed to deploy low-carbon solutions. It will convene both international business leaders and policymakers to encourage dialogue between public and private actors and to build momentum towards a climate agreement in December 2015 in Paris, France. In response to UN Secretary-General Ban Ki-moon's call for the private sector to take a more active role in addressing climate change, the summit offers business leaders and policymakers an opportunity to discuss how to scale up low-carbon solutions. This Summit is the main event of Climate Week Paris (19-22 May) and is being organized by the Global Compact Network France and Enterprises pour l'Environnement, with support from Caring for Climate and other partners.  

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Ceremony Concludes SIDS Year, Emphasizes Links with 2015 Processes [viewed]

IYSIDS-logo-sml24 February 2015: Speakers reflected on the International Year of Small Island Developing States (SIDS) at a closing ceremony, noting the Year's efforts to raise awareness of SIDS' contributions to the global community, their resilience, their cultural heritage and the special challenges faced by SIDS in achieving sustainable development, including climate change and sea level rise, vulnerability to external shocks, and degradation of their biodiversity and marine resources. Many speakers discussed SIDS within the context of the post-2015 development agenda, the Third International Conference on Financing for Developing (FfD 3) and climate change negotiations.

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UNEP Report: Modern District Energy Systems Key to Reducing Cities' Emissions [viewed]

UNEP25 February 2015: A report released by the UN Environment Programme (UNEP) finds that transitioning to modern district energy systems could reduce primary energy consumption by up to 50%. The resulting emission reductions could amount to 60% of those required of the energy sector by 2050 to keep average temperature rise below 2°C, according to the report, titled 'District Energy in Cities: Unlocking the Potential of Energy Efficiency and Renewable Energy.'

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February 2015 Climate Finance Update [viewed]

afdb_eib_idb_cif_wbank and_citiFebruary 2015: During February 2015, the African Development Bank (AfDB), the European Investment Bank (EIB), the Inter-American Development Bank (IDB), the World Bank and the Citi corporation reported on funding and new financial instruments. IDB, the Climate Investment Funds (CIF) and the World Bank launched publications on, inter alia, climate resilience, green growth and carbon pricing, and reported on a regional event in Asia.

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Event: Seventh Africa Carbon Forum [viewed]

The Seventh Africa Carbon Forum (ACF) will focus on finance, development and investment opportunities related to climate change and of interest to project developers and policymakers. Participants will learn about international carbon market trends, opportunities under the Green Climate Fund (GCF), efforts to increase demand for Clean Development Mechanism (CDM) credits and results-based financing opportunities. The Government of Morocco will host a high-level ministerial segment, during which African countries will have the opportunity to discuss expectations and planned contributions to the anticipated 2015 climate change agreement. ACF is jointly organized by the UNFCCC Secretariat, UN Environment Programme (UNEP), UNEP-DTU Partnership, World Bank, African Development Bank (AfDB) and International Emissions Trading Association (IETA).  

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UNEP Assesses Adaptation Finance Gap in Africa [viewed]

Unep LogoFebruary 2015: The UN Environment Programme (UNEP) has published a report, titled ‘Africa's Adaptation Gap 2: Bridging the gap – mobilizing sources,' which assesses a range of possible options for closing the adaptation finance gap on the continent.

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OECD Projects 290% Increase in Freight Transport Emissions by 2050 [viewed]

OECD_NEW27 January 2015: The International Transport Forum (ITF) of the Organisation for Economic Co-operation and Development (OECD) has released its 2015 Transport Outlook. According to the report's projections, carbon dioxide (CO2) emissions from freight transport will increase by 290% by 2050. The Outlook also predicts that cities in China, India and Latin America will generate 38% of the growth in passenger transport emissions.

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European Commission Launches Strategy for Energy Union with Climate Change Policy [viewed]

EU-SE4ALL25 February 2015: The European Commission has adopted a framework strategy that aims to create, for the European Union, a resilient ‘Energy Union' with a forward-looking climate change policy. An annexed action plan presents fifteen "action points" for the coming years, including electricity market legislation, enhanced regional cooperation, increased funding for energy efficiency and a new renewable energy package. Two related communications focus on improved electricity interconnection and a vision for a global climate change agreement in Paris in December 2015.

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