Economics, Trade & Investment

BRICS to Operationalize New Development Bank, Strengthen Energy Cooperation [viewed]

brics9 July 2015: At its seventh annual summit, the BRICS group of countries (Brazil, the Russian Federation, India, China and South Africa) announced the BRICS Economic Partnership Strategy through 2020, which aims to strengthen ties in energy, high technology, agriculture, science and education. The BRICS also adopted the New Development Bank and Contingent Reserve Arrangement, with a total capacity of US$200 billion.

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Climate Summit of the Americas Issues Climate Action Statement [viewed]

iisd_climate_summit9 July 2015: The Climate Summit of the Americas has issued the first-ever Pan-American Climate Action Statement leading up to the 21st session of the Conference of the Parties (COP 21) to the UN Framework Convention on Climate Change (UNFCCC), scheduled to take place in Paris, France, from 30 November to 11 December 2015. The Government of Ontario convened over 300 government, business and civil society leaders to foster and strengthen partnerships among jurisdictions for global climate action, and build motivation and support for carbon pricing.

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IEA Presents Hydrogen and Fuel Cell Roadmap [viewed]

IEA30 June 2015: A report by the International Energy Agency (IEA) examining the potential of hydrogen in the global energy mix stresses its usefulness as an energy carrier that allows for low-carbon energy to be stored, including in fuel cell electric vehicles (FCEVs). The report estimates that a 25% share of FCEVs in global road transport by 2050 can contribute up to 10% of the cumulative transport carbon dioxide (CO2) emissions reductions required for moving from a 6°C average global temperature rise scenario (an extension of current trends) to a 2°C scenario.

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Event: 2nd Africa Food Security and Adaptation Conference (AFSAC2) [viewed]

This conference will convene under the theme ‘Africa's Soil the New Frontier: Re-imagining Africa Food Security Now and into the Future under a Changing Climate'. The conference will explore how to sustainably tap into soil, one of Africa's key resources, in order to enhance food security and climate change resilience, while creating new employment opportunities for the continent's increasing youth population. Specific sessions will address a range of strategies to promote and transform ecosystem-based adaptation (EBA) driven agriculture in Africa, including how to: build scalable and inclusive business models; tap into innovative financing; involve women and youth more effectively; harness education, information and communication technology, and data; scale up EBA extension and knowledge services; incentivize private sector involvement; and contribute to increased South-South cooperation and capacity building. Building on the thematic discussions, the conference will focus on how to maximize policy frameworks and develop an action plan for implementing and scaling up EBA approaches and agro-value chains across Africa.

The conference is co-organized by the UN Environmental Programme (UNEP), the Food and Agricultural Organization of the UN (FAO) and the African Union Commission (AUC), in collaboration with a range of partners from UN Agencies, international research and policy organizations, civil society networks and the private sector.  

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IFAD, CCAFS Outline Smallholder Farmers' Role in Reducing Emissions [viewed]

ifad-ccafs8 July 2015: The International Fund for Agricultural Development (IFAD) and the CGIAR Research Program on Climate Change, Agriculture and Food Security (CCAFS) have released the 'Mitigation Advantage Report' at Our Common Future Under Climate Change Science Conference held by the UN Educational, Scientific and Cultural Organization (UNESCO) in Paris, France.

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New Zealand Submits INDC [viewed]

new-zealand7 July 2015: The UNFCCC Secretariat has announced that New Zealand is the 46th Party to formally submit its intended nationally determined contribution (INDC), committing to reduce greenhouse gas (GHG) emissions to 30% below 2005 levels by 2030. According to the INDC, the target corresponds to a reduction of 11% from 1990 emissions, which will be used as the formal reference level.

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UNEP Inquiry Event Urges Aligning Financial System with Sustainable Development Objectives [viewed]

inquiry-axa3 July 2015: At an event hosted by the UN Environment Programme (UNEP) and AXA insurance company, high-level experts called attention to the misalignment between the current financial system and the goal of creating a sustainable, resource-efficient, low-carbon economy. Panelists called for considering environmental risk when determining financial risk and risk pricing, boosting financial education to increase access to financial services and favorably treating long-term investments that limit climate risks.

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IRENA Assesses Renewables Readiness of Fiji, Marshall Islands and Vanuatu [viewed]

IRENA2 July 2015: The International Renewable Energy Agency (IRENA) has released Renewables Readiness Assessments (RRAs) for three small island developing States (SIDS): Fiji, the Marshall Islands and Vanuatu. The RRAs find that the three countries could meet their energy needs, expand energy access, decrease electricity costs and strengthen energy independence through a combination of renewable energy resources.

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Global Commission Identifies Economic Opportunities that Mitigate Emissions [viewed]

new_climate_economy6 July 2015: The Global Commission on the Economy and the Climate has released a report that identifies ten concrete economic opportunities that could also reduce emissions, and close up to 96% of the gap between business-as-usual emissions and the level required to limit temperature rise to below 2°C compared to pre-industrial levels. The report was prepared in the context of international climate negotiations for a new climate deal expected to be reached at the Paris Climate Change Conference in November-December 2015.

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CARICOM Countries Address Renewable Energy, SIDS' Development, Climate Change [viewed]

CARICOM5 July 2015: The 36th Regular Meeting of the Conference of Heads of Government of the Caribbean Community (CARICOM) focused on energy, bolstering education systems, and Haiti's "looming humanitarian crisis," among other issues. A high-level symposium on sustainable development convened on the sidelines of the Conference.

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