Economics, Trade & Investment

Africa to Issue over US$1 Billion in Climate Change Catastrophe Bonds [viewed]

african-risk-capacity22 September 2014: In order to leverage available capital for climate change adaptation, African States are set to announce the African Risk Capacity (ARC) Extreme Climate Facility (XCF), a multi-year funding mechanism that will issue climate change catastrophe bonds. The bonds, to be issued in 2016, will provide additional financing to participating countries to enhance adaptation investments, in case extreme heat, droughts, floods or cyclones increase in frequency and intensity in Africa.

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Event: The Economics of Climate Change Mitigation Options in the Forestry Sector [viewed]

The Food and Agriculture Organization of the UN (FAO) is convening an online conference to discuss the costs and benefits of various options for climate change mitigation in the forestry sector including REDD+, green building, and the promotion of bioenergy. The conference will be organized under two themes: ‘climate change mitigation through forest management interventions', and ‘climate change mitigation through improved wood utilization'. The online discussion will take place from 6-27 February 2015.  

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EBRD, CIF, GEF to Accelerate Climate Investments [viewed]

ebrd-cif-gef24 September 2014: The European Bank for Reconstruction and Development (EBRD) is financing clean energy projects through its own investments, as well as through partnering with the Climate Investment Funds (CIF) and the Global Environment Facility (GEF). These funds aim to scale up climate finance by providing concessional funding and enhancing knowledge sharing and advisory support, which has increased commercial financing for sustainable energy investments.

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UN-Led Initiative Considers Disaster Resilience Financial Reporting [viewed]

unisdr-unep-wef24 September 2014: During the UN Climate Summit, the UN Office for Disaster Risk Reduction (UNISDR), the World Economic Forum (WEF) and other partners, including Standard & Poor's Ratings Services, Swiss Re, Willis Group Holdings and the UN Environmental Programme (UNEP), launched the 'Integrating Risks into the Financial System: The 1-in-100 Initiative.'

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Bank of America Announces Clean Energy Finance Initiative [viewed]

bank-america23 September 2014: Bank of America has announced a Catalytic Finance Initiative to stimulate US$10 billion worth of new investment in clean energy projects. The initiative will focus on developing or advancing innovative financing structures that reduce investment risk, and attract a range of institutional investors.

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UNEP, Investors Launch Coalition to Decarbonize Institutional Investment [viewed]

UNEP23 September 2014: A group of institutional investors have partnered with the UN Environment Programme (UNEP) and its Finance Initiative (UNEP FI) to decarbonize US$100 billion of institutional investment.

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OECD's ENVIRONET, WP-STAT Review Rio Markers in ODA Reporting [viewed]

OECD_NEW18 September 2014: The Organisation for Economic Co-operation and Development (OECD) Development Assistance Committee (DAC) Working Party on Development Finance Statistics (WP-STAT) and Network on Environment and Development Co-operation (ENVIRONET) held a joint expert meeting to review progress and improvements in members' reporting to the DAC on environment-related Official Development Assistance (ODA) and Other Official Flows (OOF), including the use of the Rio Markers.

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IMF Analyzes Co-Benefits of Carbon Pricing [viewed]

IMFSeptember 2014: The International Monetary Fund (IMF) has released a working paper, titled ‘How Much Carbon Pricing is in Countries' Own Interests? The Critical Role of Co-Benefits.' The paper assesses, for the top 20 emitting countries, the degree to which carbon pricing is in countries' national interests by analyzing domestic co-benefits before even considering climate benefits.

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UN Climate Summit Catalyzes Action [viewed]

climate-summit-iisdrs23 September 2014: Climate Summit 2014 has concluded with countries committing to domestic action on climate change and pledging a total of US$2.3 billion to the Green Climate Fund (GCF).

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69th UN General Debate Opens, Addressing Post-2015 Agenda, Climate Change [viewed]

unga6924 September 2014: The UN General Assembly (UNGA) opened its 69th General Debate on 24 September 2014, at UN Headquarters in New York, US. Many Heads of State and Government addressed the post-2015 development agenda, including its architecture and means of implementation (MOI). Many applauded UN Secretary-General Ban Ki-moon's UN Climate Summit the day before, with several calling for future actions, including a legally binding agreement on climate change. Speakers also addressed strengthening international security, reforming the UN and tackling Ebola.

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