Economics, Trade & Investment

CARICOM Countries Address Renewable Energy, SIDS' Development, Climate Change [viewed]

CARICOM5 July 2015: The 36th Regular Meeting of the Conference of Heads of Government of the Caribbean Community (CARICOM) focused on energy, bolstering education systems, and Haiti's "looming humanitarian crisis," among other issues. A high-level symposium on sustainable development convened on the sidelines of the Conference.

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Subnational Governments to Reduce Emissions by 1.5 Billion Tons by 2020 [viewed]

world-climate-summit2 July 2015: Subnational governments from around the world have come together to pledge greenhouse gas (GHG) emissions reductions that will total 1.5 billion tons of carbon by 2020. Gathered at the World Summit Climate and Territories, 50 local and civil society organizations adopted a declaration supporting a local and subnational approach to climate action, and calling for greater access to climate financing for subnational governments in developing countries.

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June 2015 Sustainable Energy Finance Update [viewed]

june20151 July 2015: During the month of June, the African Development Bank (AfDB), the Asian Development Bank (ADB), the Caribbean Development Bank (CDB), the European Bank for Reconstruction and Development (EBRD), the European Commission, the European Investment Bank (EIB), the Global Environment Facility (GEF), the Inter-American Development Bank (IDB) and the World Bank announced funding for sustainable energy projects. AfDB, ADB, EBRD, the European Commission and the World Bank also released publications on financing and deploying clean energy.

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UNECE Reviews Montenegro's Environmental Performance [viewed]

UNECEJuly 2015: The UN Economic Commission for Europe (UNECE) has released the third 'Environmental Performance Review' of Montenegro, which discusses policy-making, implementation and the financing of environmental policies and projects.

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Iceland, Republic of Korea, Serbia Submit INDCs [viewed]

iceland_korea_serbia30 June 2015: Iceland, the Republic of Korea and Serbia have formally submitted their intended nationally determined contributions (INDCs) to the UNFCCC Secretariat, bringing the total number of Parties to do so to 44. According to their respective INDCs, Iceland aims to contribute to European countries' collective target of reducing greenhouse gas (GHG) emissions 40% by 2030 compared to 1990 levels, the Republic of Korea plans to reduce its GHG emissions by 37% from the business-as-usual (BAU) level by 2030, and Serbia intends to reduce GHG emissions by 9.8% by 2030 compared to 1990 levels.

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June 2015 Climate Finance Update [viewed]

june2015-climatefinance11 July 2015: During the month of June, the Asian Development Bank (ADB), the African Development Bank (AfDB), the Inter-American Development Bank (IDB), the World Bank, the Adaptation Fund, the World Agroforestry Centre, the UN Office for Disaster Risk Reduction (UNISDR), the Caribbean Development Bank (CDB), the Global Environment Facility (GEF), the Green Climate Fund (GCF) and the UN Environment Programme (UNEP) DTU Partnership reported on climate finance projects and other related news. ADB, AfDB, GCF, the World Bank, the International Finance Corporation (IFC), the Partnership for Market Readiness (PMR), the Climate Investment Funds (CIF), the UNEP Finance Initiative (UNEP FI) and the International Fund for Agricultural Development (IFAD) launched publications.

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China Submits INDC [viewed]

Flag of China30 June 2015: The UNFCCC Secretariat has announced that the Government of China has submitted its intended nationally determined contribution (INDC). According to its INDC, China intends to peak carbon dioxide (CO2) emissions by around 2030 and lower CO2 emissions per unit of gross domestic product (GDP) by 60-65% from 2005 levels by 2030. China is the 43rd Party to the UNFCCC to formally submit its INDC.

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US-Brazil Intensify Collaboration on Climate Change [viewed]

us-brazil30 June 2015: During an official visit to Washington DC, US, Brazilian President Dilma Rousseff agreed with US President Barack Obama to intensify the collaboration between the two countries, both bilaterally and under the UNFCCC. They issued a Joint US-Brazil Statement on Climate Change that addresses: leadership on the road to the Paris Climate Change Conference in December 2015; ambitious climate action; the launch of a Brazil-US Joint Initiative on Climate Change; cooperation on sustainable land use; and cooperation on clean energy and on climate change adaptation.

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East African Parliamentarians Join Forces to Reduce Disaster Risk [viewed]

unisdr-wb-uganda26 June 2015: Parliamentarians from Burundi, Kenya, Rwanda, Tanzania and Uganda have joined in an effort to reduce the impacts caused by natural threats, epidemics and manmade hazards, by setting up a mechanism that aims to boost governance to reduce disaster risk and reinforce the capacity of populations to build sustainable livelihoods. The East African Disaster Risk Reduction Parliamentarian Platform was established during a June 2015 meeting, organized by the Government of Uganda with support from the World Bank and in collaboration with the Uganda Parliamentarian Forum for Disaster Risk Reduction (DRR).

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Living in a Changing Climate: EEA Reports [viewed]

EEA30 June 2015: The European Environment Agency (EEA) has published its Signals 2015 report titled 'Living in a changing climate' focusing on: current and future climate change impacts in Europe; the main sectors contributing to climate change; and the EU's mitigation and adaptation efforts, particularly in relation to investments, soil, oceans and food production.

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