Economics, Trade & Investment

African Countries Prepare for Paris Climate Negotiations at Seventh Africa Carbon Forum [viewed]

AfricaCarbonForum15 April 2015: Intended nationally determined contributions (INDCs) to the anticipated 2015 climate change agreement will be essential for durable African economies, according to remarks made by UNFCCC Deputy Executive Secretary Richard Kinley at the Seventh Africa Carbon Forum. Speaking on the outcomes needed for a successful Paris Climate Change Conference, Kinley told African countries gathered at the Forum that "INDCs are each country's opportunity to express their development priorities."

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China, UN Sign MOU on South-South Climate Cooperation [viewed]

China, UN Sign MOU13 April 2015: As a follow-up to its commitment at the 2014 Climate Summit, the Government of China has signed a memorandum of understanding (MOU) with the UN on South-South cooperation on climate change. Under the MOU, China and the UN will work together to promote the sharing of technologies, know-how and experience among countries in the global South.

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Event: G20/OECD High-Level Roundtable on Institutional Investors and Long-Term Investment [viewed]

The Group of 20 (G20) and Organisation for Economic Co-operation and Development (OECD) will participate in their annual High-Level Roundtable on Institutional Investors and Long-Term Investment, which focuses on barriers to institutional long-term investing and solutions that encourage such investment.  

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Event: Climate Change Innovation Camp [viewed]

Ten finalist teams that answered a call for innovative solutions to climate change under a UN Development Programme (UNDP) nationwide campaign in the former Yugoslav Republic (fYR) of Macedonia will participate in a three-day Climate Change Innovation Camp. The finalists were selected from 130 submissions to the campaign, which was launched in December 2014 by UNDP in fYR Macedonia. During the Camp, the finalists will receive expert technical advice to develop their proposals further and compete for a US$10,000 prize to develop their proposals into prototypes. Finalists have put forward ideas involving: bikes and shoes to charge electronics; 'Eco Taxis'; solar collectors and billboards; solar cooling devices; re-using shower water for flushing toilets; using smartphones to create reminders for shutting off lights and optimizing heating and cooling; a smart app for carpooling; promotion of alternative means of transport; 'climate cafés'; and green roofs and facades.  

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G7 Foreign Ministers Identify Climate Change, Fragility as Priority [viewed]

G7 Germany15 April 2015: The G7 Foreign Ministers Meeting convened within the framework of Germany's G7 Presidency to address pressing international issues that impact global peace and security. The meeting resulted in the G7 Foreign Ministers' Meeting Communiqué, in which the Ministers describe climate change as one of the most serious challenges the world faces, threatening the environment, global security and economic prosperity, and potentially reversing progress made in tackling poverty.

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India, France Express Support to Successful Paris Conference [viewed]

Agreement_India_France14 April 2015: Indian Prime Minister Narendra Modi and French President François Hollande issued a joint statement affirming their support to ensuring a successful outcome at the UN Paris Climate Change Conference in December 2015, and stressing the importance of timely submissions of intended nationally determined contributions (INDCs) and raising pre-2020 ambition. In the statement, made during an official visit by Prime Minister Modi to Paris, France, the two leaders also announced cooperation on smart cities and sustainable energy.

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UNFCCC Publishes International Transaction Log Budget and Implementation Status [viewed]

UNFCCC10 April 2015: The UNFCCC Secretariat has published two documents on the international transaction log (ITL) for consideration by the Subsidiary Body for Implementation (SBI) at its 42nd session, scheduled to take place in June 2015, in Bonn, Germany.

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IRENA, MIST Find Solar PV Cost-Competitive in the UAE [viewed]

renewable_energy_prospectsApril 2015: According to a study by the International Renewable Energy Agency (IRENA) and Masdar Institute of Science and Technology (MIST), renewable energy, in particular electricity from solar photovoltaics (PV), has been cost-competitive in the United Arab Emirates (UAE) since 2014. Prepared as part of IRENA's REmap country study series, the report finds that increasing the share of renewable energy in the UAE's energy mix to 10% and electricity generation mix to 25% by 2030 could generate annual net savings of at least US$1.9 billion.

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Event: Employment Working Group Meeting [viewed]

The second Employment Working Group meeting under Turkey's Group of 20 (G20) Presidency will take place on 7-9 May 2015, in Istanbul, Turkey. The issue of employment falls under the first pillar of the Turkish Presidency, 'Strengthening the Global Recovery and Lifting the Potential'. Turkey has chosen to focus on understanding the factors behind the "jobless growth phenomenon," discussing labor income as a share of gross domestic product (GDP) and creating better quality jobs. The Presidency is also guided by the "three I's": Inclusiveness, Implementation and Investment for growth. Under inclusiveness, Turkey wants to ensure that the benefits of growth and prosperity are shared by all segments of the society, focusing on small- and medium-sized enterprises (SMEs), gender equality and youth unemployment. Further, according to Turkey's Prime Minister, Ahmet Davutoğlu, implementation will focus on the Brisbane Action Plan and the 1,000 commitments that, if fully implemented, will generate millions of additional jobs by 2018.  

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Event: G20 Finance and Central Bank Deputies Meeting [viewed]

The third meeting of the Group of 20 (G20) finance and central bank deputies under the Turkish Presidency will be hosted in Washington DC, US, on 16 April 2015. The meeting coincides with the Turkish Presidency's second finance ministers and central bank governors meeting, to be held 16-17 April 2015, in Washington DC. Turkey has chosen to focus on 'inclusive and robust growth through collective action' under its leadership in 2015. The three pillars that will guide the G20's work this year are: strengthening the global recovery and lifting the potential; enhancing resilience; and buttressing sustainability.  

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