Economics, Trade & Investment

Business Leaders Commit to Advancing Low-carbon Economy [viewed]

Global Compact8 December 2015: The third annual Caring for Climate Business Forum brought together 400 business leaders, government officials and other stakeholders to discuss how business can accelerate action for climate change mitigation, and to announce new commitments by business leaders and joint initiatives. The event showed that a growing number of businesses is taking forward-looking actions to develop viable business models in support of a low-carbon economy.

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Energy Day Launches Major Initiatives on Renewables, Efficiency and Access [viewed]

s4all_irena_lpaa7 December 2015: A number of major cooperative initiatives on renewable energy, energy access and energy efficiency were announced during Energy Day at the Paris Climate Change Conference. Hundreds of participants from governments, businesses and financial institutions participated in the event held as part of the Lima-Paris Action Agenda (LPAA) Focus on Energy.

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UNDP, WRI Report Recommends Supporting MSEs in Adaptation Efforts [viewed]

undp_wri8 December 2015: Focusing on micro and small enterprises (MSEs) is critical to climate change adaptation because these businesses provide livelihoods for the world's poor, who are particularly vulnerable to climate change, according to a report by the UN Development Programme (UNDP) and the World Resources Institute (WRI). UNDP and WRI launched the report on the sidelines of the Paris Climate Change Conference.

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GLF Highlights Climate-related Land-Use Issues and Research [viewed]

glf_paris7 December 2015: The 2015 Global Landscapes Forum (GLF) gathered more than 3,000 people to discuss priority issues including land restoration, financing for sustainable landscapes and strengthening the role of indigenous peoples and local communities in land-related decision-making. Several publications were launched in concert with the Forum, which convened from 5-6 December 2015, on the sidelines of the Paris Climate Change Conference.

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Coalition of Financial Institutions Sign Five Principles for Mainstreaming Climate Action [viewed]

finantial_institutions7 December 2015: A coalition of 26 financial institutions has signed on to five voluntary principles, titled ‘Mainstreaming Climate Action Within Financial Institutions,' pledging to scale up their efforts to address climate change and to continue to integrate climate considerations into their investments and advisory functions. The principles outline how financial institutions can: commit to climate strategies; manage climate risks; promote climate smart objectives; improve climate performance; and account for climate action.

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UNDP and Partners Make the Case for Ecosystem-Based Adaptation [viewed]

making_the_caseDecember 2015: Launched on the sidelines of the Paris Climate Change Conference, a publication by the UN Development Programme (UNDP) and partners showcases lessons learned from Nepal, Peru and Uganda in integrating ecosystem-based adaptation (EbA) into broader adaptation strategies, and in making the required policy and finance shifts.

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Guest Article #136: The Green Climate Fund Starts Funding Climate Action in Developing Countries [viewed]

A few weeks ahead of the start of the 21st session of the Conference of the Parties (COP 21), where climate negotiators are set to gather to seal the fate of the Universal Climate Agreement, the Green Climate Fund sent a strong message to the world community: Its Board approved its initial set of projects and programmes, financing USD 168 million, with an additional allocation of USD 195 million over time, overall catalyzing up to USD 1.3 billion in private and public investments. This marks the end of the GCF launch phase and kick-starts the flow of climate finance through the Fund to developing countries.

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COP 21 Ministerial Week Commences [viewed]

cop217 December 2015: The COP 21 ministerial week opened in Paris, France, beginning with the joint COP/CMP high-level segment, a contact group on JI meeting under the CMP, minister-led informal consultations under the Paris Committee on "support: MOI (finance, technology and capacity building),” as well as a meeting of the Committee itself, and bilaterals conducted by co-facilitators on: acceleration of pre-2020 action; ambition, including long-term goals and periodic review; differentiation, in particular with regard to mitigation, finance and transparency; and “support: MOI (finance, technology and capacity building).”

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Zero Routine Flaring Initiative Receives 20 New Endorsements [viewed]

world_bank_new7 December 2015: The World Bank's Zero Routine Flaring by 2030 Initiative, which encourages oil companies to seek solutions to eliminate the need for flaring by 2030, has received 20 additional endorsements by governments, oil companies and development institutions, bringing the total number to 45 backers, representing more than 40% of global flaring.

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GGGI Launches Inclusive Green Growth Partnership [viewed]

Global Green Growth Institute (GGGI) 7 December 2015: The Global Green Growth Institute (GGGI), in collaboration with multilateral development banks (MDBs) and UN regional, economic and social commissions, has launched the 'Inclusive Green Growth Partnership' to support finance for green growth projects that promote inclusiveness, shared prosperity and equitable growth in emerging economies.

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