Energy

2015 Climate Finance by MDBs at US$25 Billion [viewed]

2015_climate_finance9 August 2016: In 2015, six multilateral development banks (MDBs) jointly committed more than US$25 billion in climate finance. According to the '2015 Joint Report on Multilateral Development Banks' Climate Finance,' in addition, a total of US$55.7 billion were committed in co-finance, raising the total to US$80.8 billion. The sum committed in 2015 by the six MDBs represents an 11% drop compared to climate financing commitments in 2014, at US$28.3 billion, but is above 2013 levels (US$23.8 billion). The 2014 report (published in 2015) did not include data for co-financing.

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Mitigation Update: Cities Intensify Climate Action; IMO, ICAO Take Steps to Enable Mitigation Policies [viewed]

cdp_unfccc_imo_icao_mrv4 August 2016: The year 2015 has been confirmed as the hottest on record since at least the mid-to-late 1800s, according to the American Meteorological Society (AMS). The 'State of the Climate in 2015' report published in the Bulletin of the AMS notes the combined effect of long-term global warming and a very strong El Niño effect, and reports record-high sea levels, upper ocean heat content, global sea surface temperatures, global surface temperatures, and major greenhouse gas (GHG) concentrations.

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NGOs Make Recommendations for Future HLPF Sessions, Early SDG Action [viewed]

Sustainable Development Goals (SDGs)2 August 2016: Recommendations for future sessions of the High-level Political Forum on Sustainable Development (HLPF) are among the highlights of civil society input and action in recent weeks. They have also offered views and tools on financing for the UN Development System (UNDS), institutional gaps in the UNDS, integrated action to address climate change and achieve the Sustainable Development Goals (SDGs). The Overseas Development Institute (ODI) makes a case for early action to achieve the SDGs, both generally and in Latin America and the Caribbean.

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Sustainable Energy Finance Update: MDBs Boost African, Asian Energy Access and Building, Lighting Efficiency [viewed]

sustainable_energy_update1 August 2016: During the month of July, the International Energy Agency (IEA) released data demonstrating the growing market share of renewable energy, which has reached 13.8% of the world's primary energy supply and nearly a quarter of electricity production. Over the course of July, significant public investments in energy access, renewable energy and energy efficiency were announced, with financing for energy access largely focused on Asia and Africa, while renewable energy investments tended to be in Europe. The energy efficiency initiatives announced focused on the building and lighting sectors in a variety of countries.

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Multilateral Initiatives Advance Renewable Energy, Efficiency in the Caribbean, Asia [viewed]

cbd_ifc_irena_iea_unido28 July 2016: A number of capacity-building projects, including workshops and a new center in Asia, have been announced and are geared toward helping developing countries adopt and standardize energy efficiency measures and expand the reach of renewable energy. Recently published reports also have the potential to serve as resources for several countries as they move toward a cleaner energy future. These initiatives, as emphasized by their sponsors, are important for achieving the climate objectives in the Paris Agreement and the Sustainable Development Goal 7 (SDG) related to clean energy and energy access.

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July 2016 Climate Finance Update: Meetings Call for Access, Mobilization, Scaling Up [viewed]

july2016_finance1 August 2016: During the month of July, a number of high-level meetings highlighted the need for enhanced focus on climate finance. Resilience and disaster recovery projects in Asia and Africa received new financing. Climate funds launched calls for readiness and private sector support projects, and a number of entities reported on lessons learned from climate finance in agriculture, forests, gender mainstreaming and regional resilience investment planning.

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23rd Session of FAO COFO Supports 'New Agenda for Forests' [viewed]

cofo2325 July 2016: Participants of the 23rd session of the Committee on Forestry (COFO) of the Food and Agriculture Organization of the UN (FAO), which convened in conjunction with the 5th World Forest Week, involved a series of discussions, events and publication launches under the theme, 'Shaping a new agenda for forests.'

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DCF Addresses Development Financing, Policy Instruments for 2030 Agenda, Paris Agreement [viewed]

ecosoc7022 July 2016: The 2030 Agenda for Sustainable Development and the Paris Agreement on climate change will require “an unprecedented multilateral cooperation,” underlined participants at the UN Economic and Social Council's (ECOSOC) fifth biennial high-level meeting of the Development Cooperation Forum (DCF). During the two-day meeting, representatives from governments, UN agencies, and civil society discussed the role of various types of development financing and related policy changes necessary for the implementation of the 2030 Agenda and other international agreements signed in 2015.

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Energy Initiatives Reduce Emissions, Increase Access to Modern, Efficient Technology [viewed]

Energy Initiatives Reduce Emissions20 July 2016: Announcements from various intergovernmental organizations over recent weeks hold promise for reducing emissions from the energy sector and increasing participation in the energy economy. Whether toolkits guiding decision makers on energy-related issues or technological analysis, the initiatives described below contribute to the implementation of both the Paris Agreement and Sustainable Development Goals (SDGs) 7 (Ensure access to affordable, reliable, sustainable and modern energy for all) and 13 (Take urgent action to combat climate change and its impacts).

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UNEP-IRP Warns Against Rising Natural Resource Use [viewed]

unep_irp20 July 2016: Increasing consumption intensified by a growing middle class has tripled primary materials extraction over the last 40 years, with the richest countries consuming around ten times as much as the poorest countries, according to a report published by the UN Environment Programme (UNEP)-hosted International Resource Panel (IRP).

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