Economics, Trade & Investment

Adaptation and Loss and Damage Update: COP 22 Preparations Pick Up Speed; Regions Enhance DRM Cooperation [viewed]

unisdrs_unfccc_pifs1 September 2016: With the 22nd session of the Conference of the Parties (COP 22) to the UNFCCC to be held in Marrakesh, Morocco, from 7-18 November 2016, less than three months away, preparations are underway. The UNFCCC Secretariat has released a number of meeting documents, and Parties have been submitting their views on a range of issues, including the Nairobi Work Programme (NWP) on impacts, vulnerability and adaptation to climate change. The outcomes of several upcoming September meetings will also feed into the Marrakesh Climate Change Conference.

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US Meets with India, Pacific Islands on Paris Agreement Implementation [viewed]

us_india_pifs2 September 2016: US leaders, including President Barack Obama, Secretary of State John Kerry and Special Envoy for Climate Change Jonathan Pershing, attended a number of meetings related to climate change in the past week, engaging with their counterparts at the second US-India Strategic and Commercial Dialogue (S&CD) and at the 10th Pacific Islands Conference of Leaders meeting.

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Event: World Economic Forum Annual Meeting 2017 [viewed]

The World Economic Forum Annual Meeting in Davos-Klosters gathers the world's top leaders at the beginning of each year to discuss challenges related to the global, regional and industry agendas.  

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UNU Warns Inadequate Infrastructure Increases Disaster Risk [viewed]

UNU25 August 2016: Inadequate infrastructure and weak logistic chains increase the risk that an extreme natural event, such as an earthquake or flood, will become a disaster, according to the 'WorldRiskReport 2016.' The report, published by the UN University Institute for Environment and Human Security (UNU-EHS) and Bündnis Entwicklung Hilft – Gemeinsam für Menschen in Not e.V., analyzes the role of infrastructure and logistics in determining a country's disaster risk.

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Event: Sustainable Investment Forum [viewed]

The Sustainable Investment Forum will bring together approximately 300 participants from national and regional governments, international finance and the private sector to advance dialogue on effective public-private funding mechanisms for scaling up low-carbon innovation and green finance opportunities necessary to realize the goals of the Paris Agreement. Topics to be addressed include: measuring and standardizing climate disclosure; developing climate-friendly investment portfolios; low-carbon investment in emerging regions; private sector innovation for low-carbon growth; and cities and regions as drivers of change. The event is being organized by Climate Action as part of Climate Week NYC, taking place from 19-25 September 2016. Climate Action builds partnerships between business, government and public bodies to accelerate international sustainable development and advance a green economy, and was established in 2007.  

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Event: Climate Week NYC [viewed]

Climate Week NYC will bring together business and government leaders to continue the transition toward net zero emissions, through sharing a vision of a strong, low carbon economy, which requires innovation, a clean energy revolution and finance mechanisms. The annual event, which is convened by The Climate Group, will take place from 19-25 September 2016, in New York, US, during the 71st session of the UN General Assembly (UNGA). The opening ceremony, titled 'America Means Business: US Leadership in a Post-Paris World,' will focus on climate leadership in the 21st century, technology and innovation, and the clean energy transition. Climate Week NYC's “signature” event, 'Securing a Paris Dividend: Leadership and innovation for a strong, sustainable economy,' will include keynote addresses from: John Kufuor, former President of Ghana and the UN Secretary-General's Special Envoy on Climate Change; Prakash Javadekar, Minister of State Environment, Forests and Climate Change, India; Michael Bloomberg, UN Secretary-General's Special Envoy for Cities and Climate Change; Angel Gurria, Secretary-General, Organisation for Economic Co-operation and Development (OECD); and Jim Yong Kim, World Bank Group President. More than 30 affiliated events, including government panel discussions, workshops, academic seminars, exhibitions and artistic productions, will take place throughout the week. Events will focus on, inter alia: the role of corporate campaigns in the changing global energy landscape towards renewable energy; climate neutrality; climate finance; catalyzing climate change innovation through charitable and impact investment; the role of green bonds in public finance; energy storage; sustainable investment; urban innovation for livable cities; innovative approaches for scaling up climate-smart agriculture; climate action and sustainable land use in forestry and agriculture; and transformative low-carbon scenarios and risk implications for fossil fuel demand. Carbon Forum North America and a US-Canada Renewable Energy Roundtable will also convene, as will the UN Private Sector Forum, which will focus on realizing the 2030 Agenda for Sustainable Development and the Sustainable Development Goals (SDGs). The Climate Group, which was founded in 2004, works with business and government to promote clean technologies and policies, in order to expand clean technology markets and reducing emissions.  

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August 2016 Climate Finance Update: Readiness, Simplified Access to Finance in the Spotlight; Caribbean Disaster Resilience and Relief Gets Support [viewed]

august_climte_update30 August 2016: During the month of August, the focus of multilateral climate financing activities turned to the South, with a number of high-level meetings and technical workshops focusing on access, readiness and the special circumstances of vulnerable developing countries. The Green Climate Fund (GCF) signed its first disbursement agreement and the Adaptation Fund reported a record level of requested support.

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Investors Call on G20 Leaders to Ratify Paris Agreement, Price Carbon, Disclose Climate Risks [viewed]

investorsonclimatechange24 August 2016: A coalition of six organizations representing 130 investors wrote a letter to the Heads of State of the Group of Twenty (G20), offering six recommendations on how to catalyze the investments needed to achieve the goals of the Paris Agreement on climate change. The signatories call on the G20 Governments to ratify the Paris Agreement, double investment in clean energy, tighten climate disclosure mandate, provide meaningful carbon pricing and phase out fossil fuel subsidies.

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Capacity Building and Technology Update: Technology Action Plan Guidance Enhances Paris Agreement Implementation [viewed]

capacity_building_technology21 August 2016: In Paris, the Conference of the Parties (COP) to the UNFCCC requested the Subsidiary Body for Scientific and Technological Advice (SBSTA) to initiate the elaboration of the technology framework established under the Paris Agreement, which, among other things, should facilitate the undertaking and updating of technology needs assessments (TNAs), as well as the enhanced implementation of their results. An enhanced guidance issued by the Technology Executive Committee (TEC) for preparing a technology action plan (TAP) supports the new technology framework as well as Parties' long-term vision on technology development and transfer reflected in the Paris Agreement.

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World Bank Approves Environmental and Social Framework Inclusive of Ten Safeguards [viewed]

world_bank_new4 August 2016: An Environmental and Social Framework (ESF) meant to expand the protection of people and the environment in World Bank-financed projects has been approved by the World Bank's Board of Executive Directors, following almost four years of review.

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