Economics, Trade & Investment

EU High-Level Event Considers Future Vehicle Emissions Policy [viewed]

ec18 June 2015: The European Commission held a high-level event on decarbonizing the European road transport sector, which is responsible for one quarter of the EU's energy consumption and approximately one fifth of its carbon dioxide (CO2) emissions. The event examined potential next steps for road-based climate change mitigation in the context of: the expected 2015 climate agreement; the goal to hold average temperature rise below 2°C compared to pre-industrial levels; and commitments by the Group of Seven (G7).

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RRI Dialogue Explores Links Among Forest Tenure, Restoration and Green Growth [viewed]

iucn-rri18 June 2015: The Rights and Resources Initiative (RRI) organized its 17th Dialogue on Forests, Governance and Climate Change under the theme 'Forest Tenure, Restoration and Green Growth.' The day-long event featured four panel-led discussions, which highlighted the centrality of tenure and rights to successful forest landscape restoration (FLR) and debated the role of FLR in "green growth."

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UN, Insurance Industry Partner for Sustainable Development [viewed]

psi17 June 2015: A platform launched by the UN Environment Programme Finance Initiative (UNEP FI) is allowing insurance companies to make voluntary contributions to sustainable development through risk management, insurance products, investment, partnerships and disclosure frameworks. Through the platform and other activities of UNEP FI's Principles for Sustainable Insurance (PSI) Initiative, insurers managing US$14 trillion and 20% of world premium volume are working with the UN toward a greener future.

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UNEP, PBC Detail Elements for China's Green Financial System [viewed]

unep_china12 June 2015: UN Environment Programme (UNEP) Executive Director, Achim Steiner, met with Pan Gongsheng, Deputy Governor of China's central bank, the People's Bank of China (PBC), to mark the publication of the final report of the Green Finance Task Force, addressing practical steps and policy recommendations for aligning China's financial and capital markets with sustainable development objectives.

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REN21 Reports Decoupling of CO2 Emissions and Economic Growth in 2014 [viewed]

REN2118 June 2015: For the first time in four decades, the world's gross domestic product (GDP) rose in 2014 without a coinciding rise in carbon dioxide (CO2) emissions, according to the Renewables 2015 Global Status Report. The report also finds that 2014 was a record year for wind and solar photovoltaic (PV) installations, and that investments in renewables, excluding large-scale hydropower, reached US$270.2 billion. The developing world accounted for almost half that figure, at US$131.3 billion.

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Southern, Eastern European Countries Seek Ways to Adopt Climate-friendly Technologies [viewed]

fao-iea-ebrd17 June 2015: A workshop for post-Soviet and southern and eastern Mediterranean countries convened to discuss policies and investment conditions conducive to the development and transfer of energy efficiency, renewable energy and other low-carbon technologies. The workshop was organized by the European Bank for Reconstruction and Development (EBRD) and the International Energy Agency (IEA) in collaboration with the Food and Agriculture Organization of the UN (FAO), and hosted by the Turkish Ministry of Energy and Natural Resources.

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Multilateral Development Banks Report 19% Increase in Climate Finance [viewed]

mdbs-logos-pr-header16 June 2015: Six multilateral development banks (MDBs) have launched the fourth edition of their annual joint report on climate finance. The report finds that, in 2014, the MDBs committed more than US$28.35 billion in financing to developing countries and emerging economies, with US$23.28 billion dedicated to mitigation efforts, and US$5.07 billion to adaptation work.

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IEA Outlines Pillars for Success at Paris Climate Change Conference [viewed]

IEA15 June 2015: A special report by the International Energy Agency (IEA) proposes a four-pillar approach to making the UN Paris Climate Change Conference a success from the energy perspective, namely through: a peak in energy emissions; a five-year review of national emission targets; a long-term emissions goal; and a process for tracking energy-sector achievements.

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UN General Assembly Elects 70th President [viewed]

denmark15 June 2015: The UN General Assembly (UNGA) has elected Mogens Lykketoft of Denmark as President of its 70th session. Lykketoft, currently the Speaker of the Parliament of Denmark and former Finance and Foreign Minister, chose as the theme for UNGA 70 'The UN at 70 - a new commitment to action.'

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Side Events at Bonn Climate Talks Highlight Mitigation Co-benefits for Sustainable Development [viewed]

UNFCCC9 June 2015: Participants at the Bonn Climate Conference highlighted ways that action on climate change can support the post-2015 development agenda, including through the linking of agreed targets, and undertaking mitigation actions that have co-benefits for sustainable development.

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