Economics, Trade & Investment

April-June 2016 NAMA Update: Linkages Among NAMAs, NDCs and Finance Explored for Enhanced Implementation and Support [viewed]

April 2016 NAMA Update20 June 2016: This periodic update focuses on individual nationally appropriate mitigation actions (NAMAs) by developing countries, and related support, events and activities, for the period from mid-April 2016 to mid-June 2016. During this period, a number of workshops were organized on capacity building for NAMA design and implementation. The linkages among NAMAs, nationally determined contributions (NDCs) and finance also received attention.

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Capacity Building and Technology Update: SB 44 Outcomes Focus on Implementation of Paris Agreement, GEF Establishes CBIT Trust Fund [viewed]

UNFCCC - GEF - UNITAR18 June 2016: The 44th sessions of the UNFCCC Subsidiary Body for Implementation (SBI 44) and Subsidiary Body for Scientific and Technological Advice (SBSTA 44) and the first session of the Ad Hoc Working Group on the Paris Agreement (APA 1) were held in Bonn, Germany, from 16-26 May 2016. The sessions presented the first opportunity for Parties to consider Paris mandates on capacity building and technology development and transfer, including the terms of reference (ToR) for the Paris Committee on Capacity-building, the Paris Agreement's technology framework, and the scope and modalities for the periodic assessment of the Technology Mechanism in the context of how it serves the Paris Agreement.

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Guest Article #142: Collaborative Effort of European Financing Institutions to Help Improve Implementation of Climate Change Adaptation [viewed]

When the Paris Agreement on climate change was adopted in December 2015, it included a long-term goal for the adaptation to climate change – “enhancing adaptive capacity, strengthening resilience and reducing vulnerability to climate change, with a view to contributing to sustainable development […]”. It recognised the direct link of climate change adaptation to sustainable development and further highlighted its importance. This added momentum to an increasing need for practical approaches for climate change adaptation, which can range from making transport infrastructure more resilient to storms and floods, to helping small businesses adapt to increasing water scarcity.

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Mitigation Update: Work Continues on Aviation, Black Carbon Emissions, Regions Cooperate on Clean Energy [viewed]

icao_arctic_adb_afdb13 June 2016: According to a policy paper from the Grantham Research Institute on Climate Change and the Environment, “carbon-intensive companies are not ready for the impact of the Paris Agreement's commitments.” The authors, economists Nicholas Stern and Dimitri Zenghelis, submitted the paper to the Task Force on Climate-Related Financial Disclosures, arguing that the Financial Stability Board (FSB) should create robust reporting guidance on climate risks.

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GEF Council Marks 25th Anniversary, Approves Work Program for US$398.68 Million, CBIT Trust Fund [viewed]

gef509 June 2016: The 50th meeting of the Global Environment Facility (GEF) Council, which marked the occasion of the 25th anniversary of the GEF, approved a Work Program comprising 38 project concepts and four programmatic frameworks, with total resources amounting to US$398.68 million. In addition, the GEF Council established a new trust fund for the Capacity-building Initiative for Transparency (CBIT), which was created in response to a request by the UNFCCC Conference of the Parties, as reflected in the decision adopting the Paris Agreement on climate change.

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Global Green Growth Forum Showcases Sustainable Energy, Private Sector Partnerships [viewed]

Global Green Growth Forum (3GF)7 June 2016: The 2016 Global Green Growth Forum (3GF) showcased a range of “solutions” for promoting sustainability and encouraging private sector investments in sustainable development, highlighting initiatives related to sustainable energy, water management, climate-smart cities and others aimed at achieving the Sustainable Development Goals (SDGs).

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UNDP Report Showcases Role of Innovation for SDGs, Climate [viewed]

undp_innovation20307 June 2016: Innovation can contribute to achieving the 2030 Agenda for Sustainable Development through the development of new approaches, tools and partnerships, according to a recent report by the UN Development Programme (UNDP) Innovation Facility. The report, titled ‘2015 Year in Review: Innovation for 2030,' showcases 62 initiatives in 45 countries that tested or scaled new approaches and emerging technologies to eradicate poverty, protect the planet, manage climate risk and natural hazards, advance gender equality and prevent conflict.

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US, India Reaffirm Support for Early Entry into Force of Paris Agreement [viewed]

us_india7 June 2016: During an official visit to the US, Indian Prime Minister of India Narendra Modi met with US President Barack Obama in the White House for their third major bilateral summit. The two leaders reviewed the deepening strategic partnership between the US and India and pledged to pursue new opportunities to, inter alia, bolster economic growth and sustainable development. The joint statement issued at the conclusion of their meeting addresses climate, clean energy, clean energy finance and sustainable development, among other issues.

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STAP Reports Advise GEF Council on SLM, Sustainable Agriculture, Project Design and Source-to-Sea Continuum [viewed]

gef_stapJune 2016: As input to the 50th meeting of the Council of the Global Environment Facility (GEF), the Scientific and Technical Advisory Panel (STAP) of the GEF produced four reports, addressing: the design of sustainable development projects; sustainable land management (SLM) and food security; indicators for assessing the sustainability of agricultural production; and a framework for managing flows in the source-to-sea continuum.

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Mission Innovation Countries to Double Clean Energy Investment by 2021 [viewed]

mi3 June 2016: The inaugural Mission Innovation Ministerial (MIM) took place in conjunction with the seventh Clean Energy Ministerial (CEM7), bringing together countries that have committed to increase their support for clean energy research and development, and providing an opportunity for individual countries to highlight plans and actions under MI and announce new collaborations. On 1 June, closed-door discussions for MI ministers and delegates were held, chaired by US Energy Secretary Ernest Moniz. The latter stated that MI is critical to funding the basic scientific research and development that will underpin the advanced clean energy solutions needed to combat climate change in the 21st century, noting such technologies will help drive down adoption costs to grow low-carbon economies.

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