Economics, Trade & Investment

Event: African Regional Workshop on Nationally Appropriate Mitigation Actions (NAMAs) [viewed]

The UNFCCC Secretariat is organizing a capacity-building workshop for the African region on Nationally Appropriate Mitigation Actions (NAMAs). The workshop aims to strengthen the use of NAMAs as a tool for pre-2020 and post-2020 climate change action. Regional mitigation experts from international organizations and the private sector will present on designing and implementing NAMAs, as well as support programmes, and participants will share experiences, lessons learned and best practices. Discussions will focus on challenges and issues faced, financial engineering and investment strategies for leveraging multi-source financing, measurement, reporting and verification (MRV), sustainable development co-benefits, and the NAMA Registry.  

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Event: Major Economies Forum on Energy and Climate (MEF) [viewed]

The second meeting of the MEF in 2015 is scheduled for 18-19 July 2015, in Mondorf-les-Bains, Luxembourg. The meeting will be chaired by Caroline Atkinson, Deputy Assistant to the President and Deputy National Security Advisor for International Economics, and Todd Stern, Special Envoy for Climate Change. The MEF intends to convene four times in 2015. The Forum, launched in 2009 by US President Barack Obama, is aimed at facilitating candid dialogue among major emitting countries, both developed and developing, to garner the political leadership needed to advance efforts against climate change. The 17 major economies participating are: Australia, Brazil, Canada, China, the EU, France, Germany, India, Indonesia, Italy, Japan, the Republic of Korea, Mexico, the Russian Federation, South Africa, the UK and the US.  

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African, Caribbean and Pacific Countries Discuss COP 21 Position [viewed]

uneca-gcca1 July 2015: UNFCCC Parties from Africa, the Caribbean and the Pacific gathered for a Joint Policy Discussion geared toward finding a common position ahead of the 21st session of the Conference of the Parties (COP 21), scheduled to take place in November-December 2015, in Paris, France. According to the UN Economic Commission for Africa (UNECA), co-host of the Discussion with the Global Climate Change Alliance (GCCA), participants unanimously expressed concern about the difficulty of adaptation in the current state of climate politics and finance.

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GCF Set to Review First Project Proposals [viewed]

green-climate-fund-new10 July 2015: The 10th meeting of the Board of the Green Climate Fund (GCF) decided on policies and procedures that will enable a review of the Fund's first project proposals at the GCF Board's 11th meeting, with an eye on making financing decisions ahead of the 21st session of the Conference of the Parties (COP 21) to the UN Framework Convention on Climate Change (UNFCCC). The Board also accredited 13 new partner institutions, and launched a US$200 million pilot programme for enhancing direct access to the GCF.

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MDBs Will Collaborate to Mobilize Resources for Achievement of SDGs [viewed]

mdbs_210 July 2015: In the lead-up to the Third International Conference on Financing for Development (FfD), the African Development Bank (AfDB), Asian Development Bank (ADB), European Bank for Reconstruction and Development (EBRD), European Investment Bank (EIB), Inter-American Development Bank (IADB), World Bank Group and the International Monetary Fund (IMF) signaled their intention to extend over US$400 billion in financing over the next three years and to work more closely with each other and with public and private sector partners to mobilize resources to support the achievement of the proposed Sustainable Development Goals (SDGs).

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MDBs Adopt Principles for Tracking Climate Adaptation Finance [viewed]

mdbs_png9 July 2015: Six multilateral development banks (MDBs) and the International Development Finance Club (IDFC) have released a document titled 'Common Principles for Climate Change Adaptation Finance Tracking,' which outlines the approach the banks have agreed to take in measuring adaptation finance commitments and flows. The common approach is expected to improve consistency in reporting and consequently boost confidence that funds are flowing to vulnerable societies dealing with climate change impacts.

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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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