Economics, Trade & Investment

Event: Sixth Annual WAVES Partnership Meeting [viewed]

The sixth annual meeting of the Wealth Accounting and the Valuation of Ecosystem Services (WAVES) partnership will bring together WAVES countries, UN agencies, donors, civil society organizations, and other institutions supporting natural capital accounting (NCA). WAVES countries will showcase results from their work on constructing water, forest, minerals and ecosystem accounts. The meeting will provide the opportunity for discussions on how to move from having accounts to using them in policy and decision making. The meeting will include a panel discussion on how NCA can support the Sustainable Development Goals (SDGs) and the Paris Agreement on climate change, and participants will hear more on WAVES+, the next phase of the partnership. WAVES is a World Bank-led partnership that aims to promote sustainable development by ensuring that natural resources accounting is mainstreamed in development planning and national economic accounting.  

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Climate Action 2016 Event Builds Momentum to Implement Paris Agreement [viewed]

climate_action20166 May 2016: Two weeks after the Paris Agreement on climate change was opened for signature, an estimated 700 representatives from intergovernmental and non-governmental organizations, national governments and the private sector gathered in Washington, DC, for “Climate Action 2016,” to continue building momentum and partnerships for global action to address climate change. The two-day event involved keynote speeches and round table discussions in which participants discussed the challenges and opportunities to turn the “intended” nationally determined contributions (INDCs) developed under the context of the UN Framework Convention on Climate Change (UNFCCC) into “implemented” NDCs.

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G7 Energy Ministers Focus on Energy Security for Global Growth [viewed]

g7_20162 May 2016: Energy Ministers of the Group of Seven (G7) and the European Commissioner for Climate Action and Energy met under the theme 'Global Energy Security for Growth.' The ministerial meeting concluded with the adoption of a joint statement, titled the 'Kitakyushu Initiative on Energy Security for Global Growth,' in which the Ministers express their intention to: "play their full part" in implementing the Paris Agreement on climate change and accelerate work towards transitioning to an energy system that enables a decarbonisation of the global economy; and facilitate investments for secure and sustainable energy.

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Event: Dialogue for Climate Action [viewed]

This Dialogue, which is organized by the World Bank Group, will bring together businesses, governments and civil society to discuss policies that promote climate-friendly actions. The aim of the Dialogue is to determine how best to engage industries and others in order to stimulate climate-efficient industries and improve sector competitiveness, as well as ensure greater alignment and cooperation between the private sector and national goals. The conference will also officially launch the 'Vienna Principles for Dialogue on Climate Action,' which were developed by the World Bank Group and partners to help foster dialogues among the public and private sectors through a common standard/framework to improve the ability of companies to play an active role in designing policies and initiatives that tackle climate change. The World Bank publication 'A Greener Path to Competitiveness' will also be launched during the Dialogue.  

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Adaptation and Loss and Damage Update: Urban Resilience, DRR Enter the Limelight; Potentially Irreversible Harm Exposed [viewed]

adaptation_loss_damage 4 May 2016: The first target under Sustainable Development Goal (SDG) 13 (Take urgent action to combat climate change and its impacts) is to strengthen resilience and adaptive capacity to climate-related hazards and natural disasters in all countries. Much of the news on adaptation and loss and damage coming out of the month of April contributed to the implementation of this target, including projects promoting climate resilience in urban and rural settings, and resilience in the field of agriculture.

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UNEP Releases 2015 Annual Report [viewed]

UNEPMay 2016: The UN Environment Programme's (UNEP) annual report for 2015 provides examples of partnerships and global outlooks deemed critical for implementing the Paris Agreement on climate change and the 2030 Agenda for Sustainable Development, including its Sustainable Development Goals (SDGs).

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Sustainable Energy Finance Update: Public Finance Leverages Private Flows to Renewables [viewed]

energy_finance1 May 2016: Universal access to affordable, reliable, sustainable and modern energy, the

seventh of the Sustainable Development Goals (SDGs) agreed last year, starts with access to finance. Looking at the sustainable energy finance news coming out of April, a number of initiatives went beyond simply funding projects. They also built the capacity of developing country governments and companies to develop energy efficiency, energy access and renewables projects that will qualify for finance. Similarly, many of the finance flows were intended to make projects more attractive to private sector investments, compounding the impact of public funds.

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CSOs Make Recommendations for HLPF, Reflect on National Reviews, Climate Synergies, Wetlands, FfD Forum [viewed]

Sustainable Development Goals (SDGs)3 May 2016: A group of NGOs made recommendations for the High-Level Political Forum on Sustainable Development (HLPF) and a multi-level review system. Other recent contributions from civil society organizations and researchers include: the results of Together 2030's Perceptions Survey; a brief on the synergies between development goals and climate action; a report on wetlands and the Sustainable Development Goals (SDGs); and a critique of the inaugural UN Economic and Social Council (ECOSOC) Forum on Financing for Development (FfD) follow-up (FfD Forum).

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Mitigation Update: Saudi Arabia Adopts Vision 2030; Transport Goes Emissions-Free [viewed]

mitigation_update28 April 2016: Recent news offers a glimpse of what the world might look like beyond fossil fuels. Saudi Arabia has announced a new strategy for its economy that aims at diversifying away from hydrocarbons, France is planning to set a price floor for carbon emissions, and emissions-free aviation is looking closer to reality. Transport on the ground is also going emissions-free in various parts of Europe.

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April 2016 Climate Finance Update: Key Meetings Mobilize Action, Adaptation Put under the Spotlight [viewed]

climate_finance_april_20161 May 2016: In the Paris Agreement, agreed upon by 195 UN Member States in December 2015, countries agreed to make “finance flows consistent with a pathway towards low greenhouse gas (GHG) emissions and climate-resilient development.” Developing countries will receive financial resources for both mitigation and adaptation actions, while developed countries are expected to continue to lead in mobilizing climate finance from a variety of sources, with public funds playing a significant role in reaching the previously agreed US$100 billion annual target by 2020. Monthly IIDS RS Climate Finance Updates aim to help track multilateral financing to support the finance goal agreed under the UNFCCC, which will in turn contribute to the implementation of Sustainable Development Goal (SDG) 13 (Take urgent action to combat climate change and its impacts).

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