Economics, Trade & Investment

European Environment Ministers Discuss SDGs, Climate Finance [viewed]

European Council23 July 2015: During an informal Council of Environment Ministers, European Ministers agreed that the proposed Sustainable Development Goals (SDGs) to be adopted at the UN summit for the adoption of the post-2015 development agenda are a challenge and an opportunity leading towards more sustainable, equitable and coherent policy making at the international and European level. The UN summit is to take place in September 2015, in New York, US.

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Stern Confirms Economic Case for Climate Action [viewed]

nicholas_stern22 July 2015: An article released ten years after the 'Stern Review on the Economics of Climate Change' reaffirms that the cost of inaction on climate change is still greater than the cost of action. Authored by Nicholas Stern, who authored the original Review, the article, titled 'Economic Development, Climate and Values: Making Policy,' finds that the case for climate action is even stronger today than at the time of the Stern Review's publication a decade ago.

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Major Economies Forum Discusses Elements of a Legally-Binding Climate Agreement [viewed]

mef19 July 2015: At its 22nd meeting, the Major Economies Forum on Energy and Climate (MEF) focused on issues related to the global climate change agreement that is expected to be adopted at the 21st session of the Conference of the Parties (COP 21) to the UNFCCC. The participating economies, mostly represented at the ministerial level, discussed their views on the legal form and contents of the agreement. Despite diverse positions on these aspects, the co-chairs called the meeting "productive" and "very constructive."

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Study Provides Valuation of Benefits of Indonesian Forests [viewed]

unorcid8 July 2015: A report undertaken by the UN Office for REDD+ Coordination in Indonesia (UNORCID) concluded that an additional US$600 million annually is needed to maintain current Indonesian forest cover and enable forests to deliver critical ecosystem services, with REDD+ acting as a catalyst for the rehabilitation of forest and forest ecosystem services.

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UN-REDD Supports Development of REDD+ Forest Reference Emission Level [viewed]

UN-REDD ProgrammeJuly 2015: The UN Collaborative Programme on Reducing Emissions from Deforestation and Forest Degradation in Developing Countries (UN-REDD) has released a new technical publication that aims to support countries seeking to develop a REDD+ Forest Reference Emission Level and/or Forest Reference Level (FREL/FRL) under the UN Framework Convention on Climate Change (UNFCCC).

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Civil Society Reflects on FfD3, Issues Recommendations on Post-2015 Agenda [viewed]

post2015July 2015: Civil society organizations have responded to the Addis Ababa Action Agenda (AAAA) of the Third International Conference on Financing for Development (FfD3), and have released responses and summaries to the draft outcome document for the UN summit for the adoption of the post-2015 development agenda. Responses address, inter alia: areas of consensus and disagreement on the post-2015 draft; recommendations on improving text related to inequality, climate change, energy, land and other topics; data challenges; the translation of discourse into policy; education; and the role of business.

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Marshall Islands Submits INDC [viewed]

marshall-flag21 July 2015: The UNFCCC Secretariat has announced that the Marshall Islands is the first small island developing State (SIDS) Party to formally submit its intended nationally determined contribution (INDC), which sets out a greenhouse gas (GHG) emissions reduction target of 32% below 2010 levels by 2025. The INDC also includes an indicative target of reducing emissions 45% below 2010 levels by 2030. The submission from the Marshall Islands brings the total number of Parties to submit an INDC to 48.

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APEC Advances Sustainable City Development Efforts [viewed]

apec16 July 2015: Asia-Pacific Economic Cooperation (APEC) economies have announced accelerated support for sustainable city development in the region. According to the APEC Energy Working Group, APEC officials are advancing technical support for solar-powered, energy-efficient buildings and high efficiency lighting, improved vehicle fuel efficiency labeling and consumer information, and accessible green energy financing.

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FfD3 Concludes with Adoption of Addis Ababa Action Agenda [viewed]

iisdrs_FfD316 July 2015: The Third International Conference on Financing for Development (FfD3) has concluded with the adoption of the Outcome Document of the Conference, the Addis Ababa Action Agenda (AAAA). In support of the AAAA, a number of significant partnerships were launched during FfD3, including: the Addis Tax Initiative, which will support strengthening domestic tax systems; the Global Financing Facility in Support of Every Woman Every Child, which brings together countries, donors and the private sector; and the Commission on Financing Global Education.

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IISD GSI Event: Fossil-Fuel Subsidies Reform Can Finance Development [viewed]

gsi-fffsr 14 July 2015: Reforming fossil-fuel subsidies can free up funds for investing in sustainable development and reduce global greenhouse gas (GHG) emissions by approximately 10%, according to a high-level side event held at the Third International Conference on Financing for Development (FfD3) in Addis Ababa, Ethiopia. Participants also underlined that current low international energy prices create a window of opportunity for fossil-fuel subsidy reform.

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