Economics, Trade & Investment

ADF 9 Recommends Policies to Address Poverty, Attract Financing [viewed]

adfix16 October 2014: The UN Economic Commission for Africa's (ECA) Ninth African Development Forum (ADF IX) agreed the Marrakech Consensus, which outlines recommendations on fiscal policies and regulatory frameworks to address poverty and attract and deploy capital. The Forum, which convened under the theme ‘Innovative Financing for Africa's Transformation,' focused on: domestic resource mobilization, including for Africa's structural transformation; illicit financial flows (IFFs), private equity, partnerships and climate financing for Africa's adaptation and mitigation needs.

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Sweden Announces US$550 Million GCF Contribution [viewed]

swedish flag22 October 2014: The Government of Sweden has announced its intention to increase Green Climate Fund (GCF) financing by approximately US$550 million (SEK 4 billion), for the Fund's initial resource mobilization process, and to allocate an additional SEK 500 million to international climate action.

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TEC Presents Recommendations on Linkages between Technology, Financial Mechanisms of UNFCCC [viewed]

UNFCCC21 October 2014: The UNFCCC Secretariat has published a document containing recommendations of the Technology Executive Committee (TEC) on the linkages between the Technology Mechanism and the Financial Mechanism of the Convention.

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Central African Countries Agree to Regional SE4ALL Vision [viewed]

SE4ALL21 October 2014: Central African countries have come together to back a regional policy on universal energy access and to promote social and economic development under the UN-led Sustainable Energy for All (SE4ALL) initiative. In committing to a SE4ALL Action Agenda, countries will focus on doubling the share of renewables and the rate of energy efficiency improvement, as well as ensuring access to modern energy services for their populations.

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Seychelles Qualifies for World Bank Resilience Financing [viewed]

World Bank15 October 2014: The World Bank announced that Seychelles has become the first African country to gain access to the Bank's contingency financing to help build resilience and better respond to natural disasters, such as cyclones, flooding and landslides. The financing will allow Seychelles to access a reserve of US$7 million in the aftermath of any natural disaster declared an emergency by the government.

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IPCC Launches Full Working Group II Report [viewed]

IPCC15 October 2014: Working Group II of the Intergovernmental Panel on Climate Change (IPCC) launched the full version of its contribution to the IPCC Fifth Assessment Report (AR4), titled ‘Climate Change 2014: Impacts, Adaptation, and Vulnerability,' which includes a Summary for Policymakers (SPM), a Technical Summary, 30 assessment chapters, cross-chapter boxes, frequently asked questions and high-resolution graphics.

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TEC Workshop Focuses on Strengthening National Systems of Innovation for Climate Action [viewed]

UNFCCC14 October 2014: The Technology Executive Committee (TEC) of the UNFCCC held a workshop on strengthening national systems of innovation in developing countries. The workshop outlined the complexities of a national system of innovation, pointing the way to policies, regulatory frameworks and standards that could invigorate and sustain innovation. The workshop also highlighted the co-benefits of climate innovation as a driver of economic growth and well-being.

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Event: India Clean Cookstoves Forum 2014 [viewed]

The India Clean Cookstoves Forum (ICCF) 2014, which aims to tackle barriers to the large-scale adoption of improved cookstoves (ICS) in India, will feature a practitioner workshop, conference and business model workshop. The practitioner workshop will take place on the first day and feature in-depth technical discussions on marketing, distribution networks, financing, gender and product design. Emphasis will be placed on increasing demand for and supply of ICS. The conference, to be held the second day, will focus on market transformation and ways to make ICS available in all Indian households. Representatives from Indian industry, business, banks, the government and the cookstove sector will offer their ideas for the best path to widespread adoption, through everything from marketing to government policies. On the third day, the business model workshop will serve to encourage, analyze and improve the business models of new entrepreneurs in this sector, to make them more attractive to investors. Expected participants at the Forum are practitioners, project developers, investors, banks, researchers, social enterprises, government, donor agencies, foundations and NGOs. The German International Cooperation (GIZ), Global Alliance for Clean Cookstoves, India's Ministry of New and Renewable Energy, Tata Trusts and the Shell Foundation are partnering to organize the Forum.  

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Event: First Bangladesh SE4ALL Investor Forum [viewed]

The World Bank, Asian Development Bank (ADB) and US Department of State have partnered with the Government of Bangladesh to organize the first Bangladesh SE4ALL Investor Forum. The Forum will cover the global status of SE4ALL activities, opportunities for SE4ALL investment in Bangladesh and the current investment climate in the country. Participants will hear remarks from Mohinder Gulati, SE4ALL Chief Operating Officer; Tapos Kumar Roy, Additional Secretary in Bangladesh's Ministry of Power, Energy, and Mineral Resources; US Ambassador Dan Mozena; and high-level World Bank, ADB and German Government officials. The second day of the Forum (by invitation only), will feature presentations by project proponents.  

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GCF Publishes Compilation of Submissions on Investment Framework [viewed]

green-climate-fund-newOctober 2014: The Green Climate Fund (GCF) has published a compilation of submissions on the Fund's investment framework. Following the adoption of the Fund's initial investment framework in August 2014, the GCF Board's Investment Committee is considering elements for further development of the framework, including: definitions for activity-specific sub-criteria and a set of activity-specific indicators; minimum benchmarks for each criterion, consideration of best practices of other institutions; and identification and comparison of methodologies for assessing the relative quality and innovativeness of comparable funding proposals in comparable circumstances.

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