Energy

Development Finance Institutions Work on Principles for Tracking Climate Finance [viewed]

world_bank_idfc3 April 2015: Over two dozen development finance institutions are working on common sets of principles that each will use for tracking climate finance. The first set for tracking mitigation finance has been agreed and similar principles for tracking adaptation finance and the ability to leverage finance will follow later this year. Rachel Kyte, World Bank Group Vice President and Special Envoy for Climate Change, said that common methodologies will help “build trust that climate finance is flowing.”

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Event: AfDB Annual Meetings 2015 [viewed]

During its Annual Meetings 2015, the African Development Bank (AfDB) will celebrate its 50th anniversary and elect its next president. The meetings will be held under the theme 'Africa and the New Global Landscape'. The agenda includes, inter alia: the launches of the African Economic Outlook (AEO 2015) and the Africa Ecological Futures Report; discussions on youth leaders, gender equality, Ebola, agribusiness, Africa's Power Challenge, local currency bond markets, stock exchanges, and water, sanitation and hygiene (WASH); high-level events on the anticipated global climate change agreement and financing Africa's development post-2015; and meetings of the Board of Governors.  

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Event: First Global Methane Initiative Workshop and Exhibition in the Middle East [viewed]

The Saudi Ministry of Petroleum and Mineral Resources is hosting this Global Methane Initiative (GMI) workshop to disseminate technical information, present profit-generating technologies and share best practices that cost-effectively reduce methane emissions. Saudi Arabia is a member of the GMI, which is an international public-private initiative that advances cost-effective, near-term methane abatement and recovery and use of methane as a clean energy source in the agricultural, coal mine, municipal solid waste, oil and gas, and wastewater sectors. The event is being organized in cooperation with Saudi Aramco, the US Environmental Protection Agency (EPA) and the UN Climate and Clean Air Coalition to Reduce Short-Lived Climate Pollutants (CCAC).  

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ECOSOC Hosts Integration Segment on Employment and Decent Work [viewed]

ECOSOC1 April 2015: The 2015 Integration Segment of the UN Economic and Social Council (ECOSOC) addressed the theme of 'Achieving sustainable development through employment creation and decent work for all.' Bringing together leaders from the public and private sectors, in dialogue with UN Member States and civil society representatives, the Segment examined policy recommendations for decent work and employment, and how these issues fit in with ongoing discussions on the post-2015 development agenda and other UN processes.

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UNEP Global Trends Report: New Solar and Wind Installations Hit Record High in 2014 [viewed]

UNEP31 March 2015: The UN Environment Programme (UNEP) has released the 9th iteration of its 'Global Trends in Renewable Energy Investment' (GTR), reporting that 2014 saw a 17% increase in renewable energy investments over 2013. GTR 2015 also finds that 2014 was the best year on record for newly installed renewables capacity at 103 gigawatts (GW), an amount equivalent to the total capacity of the US's 158 nuclear power plant reactors.

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March 2015 Sustainable Energy Finance Update [viewed]

march_2015_sustainable_rnergyMarch 2015: Sustainable energy finance projects in Albania, Armenia, Chad, China, Georgia, Honduras, Latvia, Morocco, Poland, Romania, Ukraine and the EU were announced by the African Development Bank (AfDB), Asian Development Bank (ADB), Climate Investment Funds (CIF), European Bank for Reconstruction and Development (EBRD), European Commission, European Investment Bank (EIB), Inter-American Development Bank (IDB) and World Bank during the month of March. In addition, the multilateral development banks (MDBs) and World Bank released publications related to sustainable energy finance, and EBRD and the World Bank hosted energy efficiency and renewable energy events.

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Event: G7 Summit [viewed]

In addition to standing agenda items on the global economy and foreign, security and development policy, the heads of state and government of the Group of Seven (G7) will consider: protection of the marine environment, marine governance and resource efficiency; antibiotic resistance, neglected and poverty-related diseases, and Ebola; retail and supply chain standards; and empowering self-employed women and women in vocational training. On development policy, the G7 will address in particular the post-2015 development agenda, as well as other conferences taking place in 2015, such as the 21st session of the Conference of the Parties (COP 21) to the UNFCCC. The Group will also continue its work on the Rome G7 Energy Initiative for Energy Security. On the second day of the Summit, G7 leaders will hold a dialogue with leaders from African nations. The G7 members are Canada, France, Germany, Italy, Japan, the UK and the US.  

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March 2015 Climate Finance Update [viewed]

march_climate_finance_201531 March 2015: During the month of March 2015, the African Development Bank (AfDB), the Asian Development Bank (ADB), the Center for International Forestry Research (CIFOR), the European Investment Bank (EIB), the UN Development Programme (UNDP)/World Bank Climate Finance Options (CFO) platform and the World Bank reported on climate finance projects, mechanisms and developments. ADB, EIB, the European Bank for Reconstruction and Development (EBRD), the Inter-American Development Bank (IDB), the Nordic Environment Finance Corporation (NEFCO), the Climate Investment Funds (CIF), the UN Environment Programme Finance Initiative (UNEP-FI) and the World Bank released publications and organized events.

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European Mayors to Cooperate on Climate Change [viewed]

europeans_mayors26 March 2015: Representatives from 30 European capitals and major cities met to express and formalize their commitment to address climate change, emphasizing the role major urban centers play in this field. The meeting, which took place on 26 March 2015, in Paris, France, came in advance of the 21st session of the Conference of the Parties (COP 21) to the UNFCCC in Paris in December 2015. French President Francois Hollande addressed the European mayors, stating that major cities must be “pioneers” in terms of low-emission practices.

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Renewable Energy Met 15% of EU Energy Demand in 2013 [viewed]

ec26 March 2015: Energy from renewable sources met 15% of gross energy consumption in the EU in 2013, according to the EU's statistical office, Eurostat. This figure compares with the 8.3% of energy consumption covered by renewables in 2004. Since then, renewables have grown in all EU countries, with 13 at least doubling their renewable share over the last ten years.

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