Economics, Trade & Investment

July 2014 Sustainable Energy Finance Update [viewed]

World Bank-EBRD-EIB-ADB-AfDB-IDB-CDB31 July 2014: During the month of July, the World Bank, the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), the Asian Development Bank (ADB), the African Development Bank (AfDB), the Inter-American Development Bank (IDB), the Caribbean Development Bank (CDB), the Government of Germany, and other donors undertook activities and approved funding for sustainable energy projects in Armenia, Austria, Brazil, India, Indonesia, Israel, Kyrgyz Republic, Nepal, Poland, Sri Lanka, Tajikistan, Tunisia and Uruguay, among other countries.

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WMO, SPREP Campaign to Improve Weather and Climate Services [viewed]

wmo-sprep4 August 2014: A global campaign to improve weather and climate services for small island developing States (SIDS) was launched with support from the World Meteorological Organization (WMO), the Secretariat of the Pacific Regional Environment Programme (SPREP) and Digicel Pacific. The 'Small Islands, Weather Together' campaign aims to illustrate that SIDS can work together to improve critical weather and climate services.

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ECOSOC Recommends Upgrading Tuvalu from LDC Status [viewed]

tuvalu.flag31 July 2014: The Pacific Island Forum Secretariat (PIFS) has reported that the UN Economic and Social Council (ECOSOC) has recommended that Tuvalu no longer be considered a Least Developed Country (LDC).

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US Report Highlights Cost of Delaying Climate Action [viewed]

the-white-house29 July 2014: The White House Council of Economic Advisers has released a report that examines the economic consequences of delaying the implementation of policies aimed at combating climate change and reducing greenhouse gas (GHG) emissions, and emphasizes the urgency of taking policy action on climate change.

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Pacific Adaptation to Climate Change Project's Final Review Conducted [viewed]

PACC28 July 2014: The fifth and final multi-partite review of the Pacific Adaptation to Climate Change (PACC) Project, scheduled to finish in December 2014, was conducted in Nadi, Fiji. The PACC Project is a partnership funded by Australia and the Global Environment Facility (GEF), with the UN Development Programme (UNDP) as implementing agency and the Secretariat of the Pacific Regional Environment Programme (SPREP) as implementing partner.

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ADB Reviews its Energy Operations [viewed]

ADB24 July 2014: The '2014 Annual Evaluation Review (AER)' of the Asian Development Bank (ADB) reviews ADB's 2013 operational performance, features a chapter focused on its energy operations, and examines the dichotomy between green and brown growth in the Asian region. Overall, the AER finds that, while growth in many Asian countries is "threatened by high pollution levels, climate change, resource depletion and growing social inequality," growth does not have to come at the expense of environmental sustainability.

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UNIDO Magazine Focuses on Partnerships and Financing for Development [viewed]

UNIDOJuly 2014: The 16th edition of the UN Industrial Development Organization (UNIDO) Magazine, ‘Making It' focuses on the theme ‘Partnerships and Financing for Inclusive and Sustainable Industrial Development.' The issue highlights potential ways to address environmental and social challenges in a sustainable and lasting manner, including through partnering with the private sector and harnessing industry's potential to achieve sustainable development.

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Event: B4E Climate Summit 2014 [viewed]

The 2014 Business For the Environment (B4E) Climate Summit will be held under the theme 'Moving towards a Restorative Economy'. The day-long event will feature cross-sector working groups on energy, water and forestry, which will help delegates form recommendations for policymakers on supporting restorative and net positive business growth that is good for society, encourages innovation and addresses climate change. The agenda also includes sessions on: crowd-sourcing big ideas on restoration and climate change; financing a restorative future: the long-term global impacts of restoring the world's forests; and restorative and net positive innovation in small businesses. The event is expected to attract business leaders, decision makers and civil society representatives from around the world. This is the fourth Climate Summit organized by B4E.  

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July 2014 Water Finance Update [viewed]

World Bank-AfDB-ADB-IDB-EBRD-GEFJuly 2014: The World Bank, the Global Environment Facility (GEF), the Asian Development Bank (ADB), the African Development Bank (AfDB), the Inter-American Development Bank (IDB) and the European Bank for Reconstruction and Development (EBRD) undertook a variety of activities during July. Projects were approved across Africa, Latin America, Asia and Europe, addressing issues such as transboundary water management, water, sanitation and hygiene (WASH) services, hydropower and climate resilience.

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Policy Update #15: The Direction of REDD+ Financing: Merging Ahead? [viewed]

Over the past year, parties to the UNFCCC have taken significant steps to advance the concept of reducing emissions from deforestation and forest degradation in developing countries, and the role of conservation, sustainable management of forests and the enhancement of carbon stocks (REDD+).

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