Economics, Trade & Investment

Event: Carbon Sequestration Leadership Forum and Sixth Ministerial Meeting [viewed]

The sixth Ministerial Meeting of the Carbon Sequestration Leadership Forum (CSLF) will provide policy and technical direction to the organization. The Ministerial is the highest decision-making body of the Forum, which is an international climate change initiative focused on developing cost-effective technologies for the separation and capture of carbon dioxide (CO2) for its transport and long-term safe storage. The initiative focuses on breaking down technical, economic and environmental barriers to improving CO2 capture and sequestration (CCS) technologies. It further promotes awareness and champions legal, regulatory, financial and institutional environments conducive to such technologies.  

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Event: G20 Development Working Group Meeting [viewed]

The Group of 20 (G20) Development Working Group (DWG) will hold its second meeting of 2015 in support of the Turkish Presidency's priority of "buttressing sustainability". The Turkish Presidency of the G20 is placing development at the center of its 2015 agenda for the G20. The DWG was established in 2010 under the Korean Presidency of the G20 and is responsible for implementing the G20 Development Agenda and reporting progress to the Sherpas. Under its pillar of buttressing sustainability, the Turkish Presidency is also focusing on climate change finance and energy.  

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Event: Climate Summit of the Americas [viewed]

The Government of Ontario is hosting a Climate Summit of the Americas to: develop and deliver a common statement on commitments by subnational governments to reduce greenhouse gas (GHG) emissions; develop a vision agreed by government, business and environmental leaders for climate action through GHG reductions and low-carbon market mechanisms, including broader adoption of carbon pricing; identify opportunities for collaboration that will result in reduced emissions; and facilitate continued dialogue and strengthen cooperation among subnational pan-American governments leading up to the 21st session of the Conference of the Parties (COP 21) to the UNFCCC in Paris, France. Representatives from pan-American jurisdictions, environmental groups and industry are expected to attend the Summit.  

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Development Finance Institutions Work on Principles for Tracking Climate Finance [viewed]

world_bank_idfc3 April 2015: Over two dozen development finance institutions are working on common sets of principles that each will use for tracking climate finance. The first set for tracking mitigation finance has been agreed and similar principles for tracking adaptation finance and the ability to leverage finance will follow later this year. Rachel Kyte, World Bank Group Vice President and Special Envoy for Climate Change, said that common methodologies will help “build trust that climate finance is flowing.”

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FIP Establishes Dedicated Fund for Indigenous Peoples and Local Communities [viewed]

wb_cif_ci31 March 2015: The World Bank has approved a climate investment mechanism to be implemented by indigenous peoples and local communities seeking to address deforestation and forest degradation.

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Event: AfDB Annual Meetings 2015 [viewed]

During its Annual Meetings 2015, the African Development Bank (AfDB) will celebrate its 50th anniversary and elect its next president. The meetings will be held under the theme 'Africa and the New Global Landscape'. The agenda includes, inter alia: the launches of the African Economic Outlook (AEO 2015) and the Africa Ecological Futures Report; discussions on youth leaders, gender equality, Ebola, agribusiness, Africa's Power Challenge, local currency bond markets, stock exchanges, and water, sanitation and hygiene (WASH); high-level events on the anticipated global climate change agreement and financing Africa's development post-2015; and meetings of the Board of Governors.  

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Event: First Global Methane Initiative Workshop and Exhibition in the Middle East [viewed]

The Saudi Ministry of Petroleum and Mineral Resources is hosting this Global Methane Initiative (GMI) workshop to disseminate technical information, present profit-generating technologies and share best practices that cost-effectively reduce methane emissions. Saudi Arabia is a member of the GMI, which is an international public-private initiative that advances cost-effective, near-term methane abatement and recovery and use of methane as a clean energy source in the agricultural, coal mine, municipal solid waste, oil and gas, and wastewater sectors. The event is being organized in cooperation with Saudi Aramco, the US Environmental Protection Agency (EPA) and the UN Climate and Clean Air Coalition to Reduce Short-Lived Climate Pollutants (CCAC).  

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Russian Federation, Gabon Submit INDCs [viewed]

flags_russia_gabon1 April 2015: The Governments of the Russian Federation and Gabon have submitted their intended nationally determined contributions (INDCs) to the UNFCCC Secretariat. With their submissions, a total of 35 parties have formally announced their INDCs. The Russian Federation's contribution brings the total emissions from industrialized countries covered by INDCs to nearly 80%. Gabon is the first African country to announce an INDC.

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ECOSOC Hosts Integration Segment on Employment and Decent Work [viewed]

ECOSOC1 April 2015: The 2015 Integration Segment of the UN Economic and Social Council (ECOSOC) addressed the theme of 'Achieving sustainable development through employment creation and decent work for all.' Bringing together leaders from the public and private sectors, in dialogue with UN Member States and civil society representatives, the Segment examined policy recommendations for decent work and employment, and how these issues fit in with ongoing discussions on the post-2015 development agenda and other UN processes.

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African Finance Ministers Address FfD, Data Revolution, Climate Change [viewed]

UNECA AU31 March 2015: The Eighth Joint Annual Meetings of the African Union (AU) Specialised Technical Committee of Finance, Monetary Affairs, Economic Planning and Integration, and the UN Economic Commission for Africa (UNECA) Conference of African Ministers of Finance, Planning and Economic Development agreed on a ministerial statement that addresses progress on the Millennium Development Goals (MDGs) and support for the post-2015 development agenda, financing for development (FfD), the data revolution and climate change, among other issues. The meeting convened under the theme, ‘Implementing Agenda 2063: Planning, Mobilizing and Financing for Development.'

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