Economics, Trade & Investment

EU Energy Council Meeting Signals Support for Energy Union [viewed]

EU-SE4ALL6 March 2015: The EU Energy Council met to discuss the European Commission's plans for an ‘Energy Union' for the EU. Held under the Transport, Telecommunications and Energy Council (TTE) of the Council of the EU, the meeting focused on issues including energy security, energy efficiency, decarbonization and the internal energy market.

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Event: Climate and Sustainable Energy Finance Summer Academy 2015 [viewed]

Taking place for the sixth time, the 2015 Climate and Sustainable Energy Finance (CSEF) Summer Academy is organized by the Frankfurt School of Finance and Management within the framework of the Frankfurt School (FS) - UN Environment Programme (UNEP) Collaborating Centre for Climate & Sustainable Energy Finance. The 2015 Summer Academy will seek to provide participants with extensive knowledge on public and private sector climate finance on theoretical classroom learning, enhanced by practical sessions in financial modeling and case studies. The CSEF Summer Academy is part of UNEP-FS Centre's Development Finance Summer Academy series and will also include a panel discussion, two social programmes and a field trip.  

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AMCEN Declaration Urges Action on Climate Change, Illegal Wildlife Trade, Green Economy [viewed]

African Ministerial Conference on Environment (AMCEN)6 March 2015: African ministers called for adaptation-mitigation parity in the 2015 climate agreement at the 15th session of the African Ministerial Conference on the Environment (AMCEN). Ministers also supported measures to develop a common wildlife strategy, enhance natural resources management, ensure an inclusive green economy and support the continent's poverty eradication and sustainable development efforts.

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EU Submits INDC, Reports on State of Europe's Environment [viewed]

ec6 March 2015: The EU has submitted its intended nationally determined contribution (INDC) to the UNFCCC Secretariat, the second party to do so after Switzerland. The contribution, approved by the Environment Council, indicates that the EU intends to achieve at least a 40% domestic reduction in greenhouse gas (GHG) emissions below 1990 levels by 2030, in line with the EU 2030 Climate and Energy Framework, which was agreed by the European Council in October 2014.

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UNISDR Assessment: US$250-300 Billion/Year Lost From Disasters [viewed]

GAR154 March 2015: According to the 2015 Global Assessment Report on Disaster Risk Reduction (GAR15), economic losses from disasters amount to US$250-300 billion each year. The report, prepared by the UN Office for Disaster Risk Reduction (UNISDR) and launched by UN Secretary-General Ban Ki-moon, estimates that an annual investment of US$6 billion in disaster risk management would generate US$360 billion over the next 15 years through avoided losses.

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Progress Report Shows MDBs on Target To Meet Sustainable Transport Investment Goals [viewed]

progress-mdb2 March 2015: The eight multilateral development banks (MDBs) are on target to reach their goal of investing US$ 175 billion in sustainable transport over the decade from 2012-2022, according to a report jointly published by the MDBs. The report emphasizes how the MDBs' sustainable transport investments are supporting climate-resilient, low-carbon growth in developing countries.

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February 2015 Sustainable Energy Finance Update [viewed]

feb_2015_energy_financeFebruary 2015: In February, the African Development Bank (AfDB), Asian Development Bank (ADB), Caribbean Development Bank (CDB), Climate Investment Funds (CIF) of the World Bank, European Bank for Reconstruction and Development (EBRD), European Investment Bank (EIB), Inter-American Development Bank (IDB) and the UN Department of Economic and Social Affairs (UN-DESA) announced funding for sustainable energy projects. Recipient countries include Belarus, Chile, Colombia, Ecuador, Germany, Honduras, India and the UK.

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Event: Business and Climate Summit [viewed]

The Business and Climate Summit will provide a platform to highlight business solutions towards a low-carbon economy and discuss the frameworks and policies needed to deploy low-carbon solutions. It will convene both international business leaders and policymakers to encourage dialogue between public and private actors and to build momentum towards a climate agreement in December 2015 in Paris, France. In response to UN Secretary-General Ban Ki-moon's call for the private sector to take a more active role in addressing climate change, the summit offers business leaders and policymakers an opportunity to discuss how to scale up low-carbon solutions. This Summit is the main event of Climate Week Paris (19-22 May) and is being organized by the Global Compact Network France and Enterprises pour l'Environnement, with support from Caring for Climate and other partners.  

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Ceremony Concludes SIDS Year, Emphasizes Links with 2015 Processes [viewed]

IYSIDS-logo-sml24 February 2015: Speakers reflected on the International Year of Small Island Developing States (SIDS) at a closing ceremony, noting the Year's efforts to raise awareness of SIDS' contributions to the global community, their resilience, their cultural heritage and the special challenges faced by SIDS in achieving sustainable development, including climate change and sea level rise, vulnerability to external shocks, and degradation of their biodiversity and marine resources. Many speakers discussed SIDS within the context of the post-2015 development agenda, the Third International Conference on Financing for Developing (FfD 3) and climate change negotiations.

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UNEP Report: Modern District Energy Systems Key to Reducing Cities' Emissions [viewed]

UNEP25 February 2015: A report released by the UN Environment Programme (UNEP) finds that transitioning to modern district energy systems could reduce primary energy consumption by up to 50%. The resulting emission reductions could amount to 60% of those required of the energy sector by 2050 to keep average temperature rise below 2°C, according to the report, titled 'District Energy in Cities: Unlocking the Potential of Energy Efficiency and Renewable Energy.'

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