Economics, Trade & Investment

September 2014 Climate Finance Update [viewed]

adb-afdb-eib-idb-cif-worldbank-gef-ifad1 October 2014: In September 2014, the African Development Bank (AfDB), the European Investment Bank (EIB), the Inter-American Development Bank (IDB), Climate Investment Funds (CIF), the Global Environment Facility (GEF), the International Fund for Agricultural Development (IFAD) and the World Bank reported on various climate finance developments, including in the areas of green bonds, transport, forest emissions and climate resilience.

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AfDB Launches Green Growth Framework [viewed]

AfDB30 September 2014: The African Development Bank (AfDB) has released its Green Growth Framework, which will serve as a basis for its future work on green growth. The framework, titled ‘Entry points for action for transition to Green Growth in Africa,' aims to provide Bank staff with a common understanding on the principles and practice of green growth and on entry points for engaging with member countries in transitioning towards green growth.

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OECD Highlights Environmental, Social Costs of Under-taxation [viewed]

OECD_NEW30 September 2014: The Organisation for Economic Co-operation and Development (OECD) is urging governments to cease subsidizing company cars and to phase out the tax differential that exists between diesel and petrol. Research released by OECD concludes that developed countries are causing an increase in carbon emissions, traffic congestion and air pollution by under-taxing company cars and diesel fuel, often at lower rates than wages, which tends to encourage more driving.

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PRI, Major Institutional Investors to Disclose Carbon Footprint [viewed]

unepfi-montrealpledge29 September 2014: The Principles for Responsible Investment (PRI) and a group of major institutional investors have launched a commitment to measure and disclose annually the carbon footprint of their investment portfolios. The first group of investors signing the ‘Montreal Carbon Pledge' represents a portfolio of over US$500 billion, and the UN-supported PRI aims to attract a total commitment of US$3 trillion by December 2015.

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EEA Study on F-gases Reports Falling Net Supply, Increasing Imports [viewed]

EEA29 September 2014: A report by the European Environment Agency (EEA) shows that, in 2013, the net supply of fluorinated gases (F-gases) in the EU fell by 1.4% measured in carbon dioxide equivalent (CO2e). While production of the gases decreased, imports increased by 12%. An EU regulation on F-gases, applied from 2015 onwards, will aim to reduce related emissions by two-thirds from 2010 levels, by 2030.

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UNGA Debate Concludes with Focus on 2015 Agreement, Link to Sustainable Development [viewed]

unga6930 September 2014: On the final day of the UN General Assembly's (UNGA) 69th General Debate, speakers again addressed: their countries priorities for the post-2015 development agenda; climate change; health; and security. Closing the Debate on 30 September, UNGA President Sam Kutesa urged Member States to “make real and meaningful change in the livelihoods of humanity and the health of our planet.”

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Guest Article #112: Sustainable Energy for All in the Americas: Combating Climate Change in Latin America and the Caribbean [viewed]

The United Nations Initiative Sustainable Energy for All (SE4ALL) has the goal of ensuring universal access to modern energy services, doubling the global rate of improvement in energy efficiency, and doubling the share of renewable energy in the global energy mix, all by 2030. These goals both work to combat climate change and provide an improved standard of living and greater opportunities for citizens.

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UNEP Calls for Action on Mangroves [viewed]

UNEP29 September 2014: On the occasion of the 16th Global Meeting of the Regional Seas Conventions and Action Plans, the UN Environment Programme (UNEP) has issued a report, titled 'The Importance of Mangroves to People: A Call to Action.' The report details the economic and environmental importance of mangroves, as well as tools and policy measures available for protecting them.

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UNGA General Debate 2014 Addresses Climate Change, Renewable Energy, SLM [viewed]

unga6929 September 2014: As the UN General Assembly (UNGA) General Debate 2014 entered its second week, speakers continued to reflect on the challenges of climate change. Delegates addressed climate change impacts, climate financing and the role of renewable energy and climate smart agriculture (CSA) in tackling climate change.

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Urgency of Healthy Oceans Stressed by Experts, Officials [viewed]

italy-palau-monaco26 September 2014: At a high-level special event on ‘Healthy Oceans and Seas: Paving the Way Towards a Sustainable Development Goal,' participants addressed specific ways to conserve and promote the sustainable use of oceans, seas and marine resources, in relation to the proposed SDG 14. Climate change was also a strong theme of the discussion.

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