Economics, Trade & Investment

Mitigation Update: Saudi Arabia Adopts Vision 2030; Transport Goes Emissions-Free [viewed]

mitigation_update28 April 2016: Recent news offers a glimpse of what the world might look like beyond fossil fuels. Saudi Arabia has announced a new strategy for its economy that aims at diversifying away from hydrocarbons, France is planning to set a price floor for carbon emissions, and emissions-free aviation is looking closer to reality. Transport on the ground is also going emissions-free in various parts of Europe.

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April 2016 Climate Finance Update: Key Meetings Mobilize Action, Adaptation Put under the Spotlight [viewed]

climate_finance_april_20161 May 2016: In the Paris Agreement, agreed upon by 195 UN Member States in December 2015, countries agreed to make “finance flows consistent with a pathway towards low greenhouse gas (GHG) emissions and climate-resilient development.” Developing countries will receive financial resources for both mitigation and adaptation actions, while developed countries are expected to continue to lead in mobilizing climate finance from a variety of sources, with public funds playing a significant role in reaching the previously agreed US$100 billion annual target by 2020. Monthly IIDS RS Climate Finance Updates aim to help track multilateral financing to support the finance goal agreed under the UNFCCC, which will in turn contribute to the implementation of Sustainable Development Goal (SDG) 13 (Take urgent action to combat climate change and its impacts).

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FAO, Mountain Partnership to Launch Mountain Funding Facility [viewed]

fao_mountain27 April 2016: The Food and Agriculture Organization (FAO) and the Mountain Partnership Secretariat announced plans to launch a Mountain Facility, or funding mechanism, to address the increasing threat of hunger in mountain regions in developing countries.

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ECLAC Caribbean Committee Highlights National Ownership, Coordination for 2030 Agenda [viewed]

1280784375ECLAC_logo22 April 2016: Senior government officials shared their perspectives on sustainable development priorities in the Caribbean, during the 26th session of the Caribbean Development and Cooperation Committee (CDCC), a subsidiary body of the UN Economic Commission for Latin America and the Caribbean (ECLAC). Among other priorities, participants stressed national ownership and integrated planning, and suggested addressing debt management through a Caribbean Resilience Fund.

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IYP 2016 Events Promote Pulses as “Climate-Smart” Food of the Future [viewed]

icp_fao20 April 2016: Two events organized as part of the International Year of Pulses (IYP 2016) have called for increased efforts to scale up global production of pulses, such as beans, chickpeas, and lentils, due to their multiple benefits as nutrient-dense, soil improving and “climate-smart” crops. The International Conference on Pulses for Health, Nutrition and Sustainable Agriculture in Drylands (ICP 2016) took place from 18-20 April in Rabat, Morocco, while the Food and Agriculture Organization of the UN (FAO) hosted a seminar in Rome, Italy addressing the links between pulses and soils (the focus of international efforts in 2015), on 19 April 2016.

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Major Economies Forum Considers Paris Agreement Implementation [viewed]

major_economies_forum24 April 2016: Two days after 175 Parties to the UNFCCC signed the Paris Agreement, the Major Economies Forum on Climate and Energy (MEF) met in New York, US, and contemplated how to continue the momentum ushered in by the adoption of the Agreement by the 21st session of the Conference of the Parties to the UNFCCC (COP 21). The 24 April meeting was the first time the MEF, which includes the world's largest emitters, convened since the Agreement was adopted in December 2015.

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Outlook on Green Finance: Impetus Grows for Carbon Pricing, Clean Energy [viewed]

cp_india_france_ndb25 April 2016: Over the past few days, announcements supporting carbon pricing and clean energy have been made. Ten leaders have issued a joint vision statement laying out the goal of doubling the percentage of global greenhouse gas (GHG) emissions covered by explicit carbon pricing to 25% by 2020, and of doubling it again to achieve 50% coverage within the next decade. In separate news, over 25 countries have pledged to unleash a potential investment flow of up to US$1 trillion into solar assets. And for its part, the New Development Bank has announced it will provide US$811 million in a first round of loans for clean energy projects in Brazil, China, India and South Africa.

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G20 Finance Ministers, Central Bank Governors Call for Scaling Up Climate Financing [viewed]

g20-201615 April 2016: A communiqué issued by the Group of Twenty (G20) Finance Ministers and Central Bank Governors Meeting calls for the Green Climate Fund (GCF) to continue scaling up its operations, and stresses the importance of monitoring and transparency of climate finance. In the communiqué, the ministers and governors also give further guidance to the G20 Green Finance Study Group (GFSG) for its July 2016 report and reaffirm their commitment to rationalizing and phasing out inefficient fossil fuel subsidies.

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High-level Event Highlights Imperative of SDG Implementation [viewed]

View of the opening ceremony of the High-level Thematic Debate on Achieving the Sustainable Development Goals at the chamber of the UN General Assembly21 April 2016: The UN General Assembly (UNGA) held a High-level Thematic Debate on Achieving the Sustainable Development Goals (SDGs), with high-level officials from approximately 136 UN Member States making statements on taking action at the country level, and interactive dialogues addressing ‘financing poverty eradication and sustainable development' and ‘technology and data for SDGs.'

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Development Partners Call for Increased Investment in Hydromet Services [viewed]

gfdrr_wmo19 April 2016: The World Meteorological Organization (WMO) and the World Bank's Global Facility for Disaster Reduction and Recovery (GFDRR) convened a roundtable on 'Strengthening Hydrometeorological Services for Sustainable Development.' The event brought together over 50 high-level representatives of development agencies and weather and hydrological services, who supported improved coordination measures among donors at the national level, including: country-level modernization plans for national meteorological and hydrological services; development partners forums; and better indicator use to assess progress on services.

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