Economics, Trade & Investment

Sustainable Energy Finance Update: MDBs Boost African, Asian Energy Access and Building, Lighting Efficiency [viewed]

sustainable_energy_update1 August 2016: During the month of July, the International Energy Agency (IEA) released data demonstrating the growing market share of renewable energy, which has reached 13.8% of the world's primary energy supply and nearly a quarter of electricity production. Over the course of July, significant public investments in energy access, renewable energy and energy efficiency were announced, with financing for energy access largely focused on Asia and Africa, while renewable energy investments tended to be in Europe. The energy efficiency initiatives announced focused on the building and lighting sectors in a variety of countries.

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Multilateral Initiatives Advance Renewable Energy, Efficiency in the Caribbean, Asia [viewed]

cbd_ifc_irena_iea_unido28 July 2016: A number of capacity-building projects, including workshops and a new center in Asia, have been announced and are geared toward helping developing countries adopt and standardize energy efficiency measures and expand the reach of renewable energy. Recently published reports also have the potential to serve as resources for several countries as they move toward a cleaner energy future. These initiatives, as emphasized by their sponsors, are important for achieving the climate objectives in the Paris Agreement and the Sustainable Development Goal 7 (SDG) related to clean energy and energy access.

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Kigali Declaration Increases Forest Landscape Restoration Commitments in Africa [viewed]

rwanda_eac_iucn27 July 2016: Thirteen African country representatives and stakeholders participating in the 'Africa High Level Bonn Challenge Roundtable' adopted the 'Kigali Declaration on Forest Landscape Restoration in Africa,' which reaffirms and increases commitments to the Bonn Challenge, an initiative aiming to restore 150 million hectares of the world's deforested and degraded lands by 2020 and 350 million hectares by 2030 through forest landscape restoration (FLR) activities.

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July 2016 Climate Finance Update: Meetings Call for Access, Mobilization, Scaling Up [viewed]

july2016_finance1 August 2016: During the month of July, a number of high-level meetings highlighted the need for enhanced focus on climate finance. Resilience and disaster recovery projects in Asia and Africa received new financing. Climate funds launched calls for readiness and private sector support projects, and a number of entities reported on lessons learned from climate finance in agriculture, forests, gender mainstreaming and regional resilience investment planning.

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G20 Finance Ministers Recognize Role of Green Investment for Sustainable Growth [viewed]

g20-201625 July 2016: The Group of 20 (G20) Finance Ministers and Central Bank Governors' July meeting addressed green and climate finance. During the meeting, the G20 Green Finance Study Group (GFSG) and Climate Finance Study Group (CFSG) presented their reports. In their final communiqué, the Ministers and Governors recognize the need to scale up green financing and express interest in promoting voluntary principles for green finance.

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23rd Session of FAO COFO Supports 'New Agenda for Forests' [viewed]

cofo2325 July 2016: Participants of the 23rd session of the Committee on Forestry (COFO) of the Food and Agriculture Organization of the UN (FAO), which convened in conjunction with the 5th World Forest Week, involved a series of discussions, events and publication launches under the theme, 'Shaping a new agenda for forests.'

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Event: UN Sustainable Stock Exchanges Dialogue [viewed]

The UN organizes the global Sustainable Stock Exchanges (SSE) Global Dialogue every two years as a platform for discussing ways to achieve sustainable capital markets. This half-day event will build on the launch of the Sustainable Development Goals (SDGs), the outcomes of the 21st session of the Conference of the Parties (COP 21) to the UN Framework Convention on Climate Change (UNFCCC), and the work of the G20 Green Finance Study Group. Representatives of stock exchanges will discuss ways to contribute to implementation of the SDGs, for example through promoting transparency and encouraging green finance products, such as low-carbon indices and green bonds. The event is held in conjunction with a meeting of the Principles for Responsible Investment (PRI), a UN-supported initiative.  

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Event: Second Green Climate Fund Regional Meeting in the Pacific [viewed]

The second Green Climate Fund (GCF) regional meeting in the Pacific will take place from 1-4 August in Suva, Fiji. The event will be co-hosted by the GCF Secretariat and the Government of Australia and will take place at the headquarters of the Pacific Islands Forum Secretariat. Led by the GCF Board Co-Chairs, the meeting will seek to build Pacific countries' capacity to access GCF funding and to develop country-driven ideas into concrete funding proposals.  

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DCF Addresses Development Financing, Policy Instruments for 2030 Agenda, Paris Agreement [viewed]

ecosoc7022 July 2016: The 2030 Agenda for Sustainable Development and the Paris Agreement on climate change will require “an unprecedented multilateral cooperation,” underlined participants at the UN Economic and Social Council's (ECOSOC) fifth biennial high-level meeting of the Development Cooperation Forum (DCF). During the two-day meeting, representatives from governments, UN agencies, and civil society discussed the role of various types of development financing and related policy changes necessary for the implementation of the 2030 Agenda and other international agreements signed in 2015.

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UNCTAD to Play "Central Role" in Achieving SDGs [viewed]

unctad1425 July 2016: Delegates agreed to give the UN Conference on Trade and Development (UNCTAD) a central role in achieving the Sustainable Development Goals (SDGs), by adopting a framework that will guide UNCTAD's work over the next four years, and that is primarily focused on realizing the 2030 Agenda for Sustainable Development. The 14th session of UNCTAD (UNCTAD 14) resulted in a political declaration and the ‘Nairobi Consensus,' on providing technical assistance to ensure that globalization and trade benefit people in developing countries.

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