Economics, Trade & Investment

EU, China Adopt Joint Statement on Climate Change [viewed]

eu-china29 June 2015: At the 17th bilateral summit between the EU and China, the two parties adopted a joint statement on climate change, recognizing it as "one of the greatest threats facing humanity" and agreeing to elevate climate change cooperation in their bilateral relations. The summit, which commemorated the 40th anniversary of EU-China diplomatic relations, concluded with the adoption of a summit declaration that acknowledges the critical role the two sides must play in addressing climate change.

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UN Global Compact Celebrates 15th Anniversary, New Executive Director Appointed [viewed]

globalcompact26 June 2015: Marking its 15th anniversary, the UN Global Compact convened a meeting titled 'Business as a Force for Good,' bringing together business and civil society to illustrate how the private sector is taking action and partnering to advance societal priorities, as well as the UN's post-2015 development agenda. During the meeting, Global Compact platforms and working groups convened their respective annual events, while smaller meetings focused on how to contribute to achieving the proposed Sustainable Development Goals (SDGs).

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OECD: Energy Taxation Underutilized as Climate Change Mitigation Measure [viewed]

OECD_NEW25 June 2015: A report released by the Organisation for Economic Co-operation and Development (OECD) notes that energy taxes are one of the most effective policy tools for combating the negative effects of energy use. The report finds, however, that these taxes are currently "poorly aligned" with these negative effects, having limited impact on reducing energy use, increasing energy efficiency and shifting to alternative forms of energy.

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UNGA Holds High-Level Event on Climate Change [viewed]

HLE_Web-Graphics29 June 2015: "We must act with courage," UN General Assembly (UNGA) President Sam Kutesa told UN Member States gathered at the High-Level Event on Climate Change he hosted. He called for "bold, collective action" to "reverse the current trends and preserve our planet." The High-Level Event was convened at the midpoint between the 20th session of the Conference of the Parties (COP 20) to the UNFCCC and COP 21, and aimed to provide political momentum for an ambitious climate agreement.

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BASIC Ministers Outline Views on Paris Agreement [viewed]

Brazilian flag28 June 2015: Ministers from the four BASIC (Brazil, South Africa, India and China) countries convened for the group's 20th Ministerial Meeting on Climate Change to discuss: the outcomes of the previous sessions of the Ad Hoc Working Group on the Durban Platform for Enhanced Action (ADP); the upcoming sessions of the ADP; and the elements of the expected Paris Agreement.

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UN-HABITAT Report Explores Climate Change, Urbanization in SIDS [viewed]

urbanization_climate_sidsMay 2015: A small island developing States (SIDS) urban agenda must reflect the cultural, economic and geographic characteristics of SIDS, in order to address sustainable urbanization in SIDS, according to a publication by the UN Human Settlements Programme (UN-HABITAT). The report provides an overview of current trends in climate change and urbanization, describes the impact of climate change on cities in SIDS, and explores the role of urban planning and design as a tool for addressing the challenges and opportunities of climate change in relation to human settlements in SIDS.

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Nairobi Convention COP 8 Focuses on Western Indian Ocean's Marine and Coastal Environment Conservation [viewed]

UNEPnairobi-convention24 June 2015: The 8th session of the Conference of the Parties (COP 8) to the Nairobi Convention for the Protection, Management and Development of the Marine and Coastal Environment of the Eastern African Region convened under the theme, ‘Conserving the Marine and Coastal Environment for the Western Indian Ocean for the next 30 Years.'

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Bloomberg New Energy Finance Releases New Energy Outlook 2015 [viewed]

bloombergnewenergyfinance23 June 2015: Bloomberg New Energy Finance (BNEF) has published its New Energy Outlook (NEO) 2015, which is a long-term forecast of the global energy sector. BNEF emphasizes five "seismic shifts" projected in the electricity sector over the next 25 years, based on analysis of expected demand, costs of generation and structural changes to the electricity system. The authors predict $12.2 trillion will be invested in global power generation through 2040, with 78% invested in emerging markets and 66.7% in renewables.

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Lancet Commission: Tackling Climate Change the Greatest Health Opportunity [viewed]

thelancet22 June 2015: The 2015 Lancet Commission on Health and Climate Change was established to map out the impacts of climate change and the necessary policy responses to ensure the highest attainable health standards worldwide. The Commission has released a report titled ‘Health and climate change: policy responses to protect public health,' identifying key messages and recommendations to accelerate action in the next five years.

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US, China Cooperate on CCS, Energy Efficiency and Clean Energy [viewed]

united_nations-china24 June 2015: The US and China have announced cooperation on two new carbon capture and storage (CCS) projects as part of ongoing climate change cooperation being undertaken by the US-China Climate Change Working Group (CCWG). The two projects and a number of other plans for further cooperation on climate change mitigation were announced during a series of high-level climate change events held between the two governments in Washington DC, US, from 22-23 June 2015.

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