Energy

Mitigation Update: Saudi Arabia Adopts Vision 2030; Transport Goes Emissions-Free [viewed]

mitigation_update28 April 2016: Recent news offers a glimpse of what the world might look like beyond fossil fuels. Saudi Arabia has announced a new strategy for its economy that aims at diversifying away from hydrocarbons, France is planning to set a price floor for carbon emissions, and emissions-free aviation is looking closer to reality. Transport on the ground is also going emissions-free in various parts of Europe.

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April 2016 Climate Finance Update: Key Meetings Mobilize Action, Adaptation Put under the Spotlight [viewed]

climate_finance_april_20161 May 2016: In the Paris Agreement, agreed upon by 195 UN Member States in December 2015, countries agreed to make “finance flows consistent with a pathway towards low greenhouse gas (GHG) emissions and climate-resilient development.” Developing countries will receive financial resources for both mitigation and adaptation actions, while developed countries are expected to continue to lead in mobilizing climate finance from a variety of sources, with public funds playing a significant role in reaching the previously agreed US$100 billion annual target by 2020. Monthly IIDS RS Climate Finance Updates aim to help track multilateral financing to support the finance goal agreed under the UNFCCC, which will in turn contribute to the implementation of Sustainable Development Goal (SDG) 13 (Take urgent action to combat climate change and its impacts).

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Major Economies Forum Considers Paris Agreement Implementation [viewed]

major_economies_forum24 April 2016: Two days after 175 Parties to the UNFCCC signed the Paris Agreement, the Major Economies Forum on Climate and Energy (MEF) met in New York, US, and contemplated how to continue the momentum ushered in by the adoption of the Agreement by the 21st session of the Conference of the Parties to the UNFCCC (COP 21). The 24 April meeting was the first time the MEF, which includes the world's largest emitters, convened since the Agreement was adopted in December 2015.

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Outlook on Green Finance: Impetus Grows for Carbon Pricing, Clean Energy [viewed]

cp_india_france_ndb25 April 2016: Over the past few days, announcements supporting carbon pricing and clean energy have been made. Ten leaders have issued a joint vision statement laying out the goal of doubling the percentage of global greenhouse gas (GHG) emissions covered by explicit carbon pricing to 25% by 2020, and of doubling it again to achieve 50% coverage within the next decade. In separate news, over 25 countries have pledged to unleash a potential investment flow of up to US$1 trillion into solar assets. And for its part, the New Development Bank has announced it will provide US$811 million in a first round of loans for clean energy projects in Brazil, China, India and South Africa.

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Event: Second Stakeholder Forum of the Africa-EU Energy Partnership (AEEP) (SDEP2) [viewed]

The Second Stakeholder Forum of the Africa-EU Energy Partnership (AEEP) will be hosted jointly by the Italian Government, the African Union Commission (AUC) and the European Union Commission (EC). The two day Forum will be split into day one, 16 May being a technical thematic stakeholder day deepening on Energy Access, Energy Efficiency, Renewable Energy and Energy Security, and day two, 17 May will be dedicated to high level delegates and stakeholders. The Forum will build on the First Stakeholder meeting held in Cape Town, South Africa in 2012. It envisages participation of African and European Ministers, AU and EU Commissioners, and more than 300 other high-level participants representing policy-makers, regional institutions, international organisations, the banking & finance industry, the private sector, academia, the civil society and the media. The conference is expected to result in an Africa-EU Energy Stakeholder Forum Communiqué, launch a “Mapping of Initiatives and Programmes in Africa Report”, release of an “Intermediate AEEP Status Report”, and develop a stakeholders' call-for-action.  

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IMO Approves Mandatory Fuel Consumption Data Collection for Ships [viewed]

imo_mandatoryfuelconsumption22 April 2016: In a step toward determining what possible climate change actions are needed from the international shipping sector, the Marine Environment Protection Committee (MEPC) of the International Maritime Organization (IMO) has approved a mandatory system for collecting data on ships' fuel consumption. Ships of 5,000 gross tonnage or more will have to record and report their consumption for every type of fuel they use to their flag State at the end of the calendar year. The flag State will determine whether the reporting meets requirements, issue a Statement of Compliance to the ship and transfer the data to the IMO Ship Fuel Consumption Database.

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IUCN, WCS Present Nature-based Solutions for Mitigation and Adaptation [viewed]

iucn_wcs22 April 2016: The International Union for Conservation of Nature (IUCN) and the Wildlife Conservation Society (WCS) held an event to highlight initiatives at national, regional and local levels that mitigate and adapt to climate change through nature-based solutions. The event took place on the sidelines of the UN's signing ceremony for the Paris Agreement on climate change.

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G20 Finance Ministers, Central Bank Governors Call for Scaling Up Climate Financing [viewed]

g20-201615 April 2016: A communiqué issued by the Group of Twenty (G20) Finance Ministers and Central Bank Governors Meeting calls for the Green Climate Fund (GCF) to continue scaling up its operations, and stresses the importance of monitoring and transparency of climate finance. In the communiqué, the ministers and governors also give further guidance to the G20 Green Finance Study Group (GFSG) for its July 2016 report and reaffirm their commitment to rationalizing and phasing out inefficient fossil fuel subsidies.

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Implementation Update: As Governments Prepare for Paris Agreement Signing Ceremony, Carbon Pricing in the Spotlight [viewed]

paris_agreement_ceremony21 April 2016: In the lead up to the Paris Agreement on climate change Signing Ceremony, various events have added to the growing momentum of what is expected to be one of the largest ever signing events. In the shadow of the announcement by the US National Oceanic and Atmospheric Administration (NOAA) that March 2016 recorded the highest combined global average temperature of any March since 1880, the growing number of countries expected to sign the Paris Agreement on 22 April is also on track to set a record. This Implementation Update summarizes activities by UNFCCC Parties as they focus on mitigating and adapting to these warming trends, especially following the adoption in 2015 of the Paris Agreement and in the context of the Sustainable Development Goals (SDGs). It includes: recent buzz around market mechanisms, carbon pricing and scaling private sector involvement; the growing impetus ahead of the High Level Signing Ceremony; an outlook to the May session of the UNFCCC; good news about European cars; and Fiji's post-disaster recovery efforts.

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SE4All Highlights Investment Needs for SDG 7 Implementation [viewed]

s4all_sweden_zambia20 April 2016: An informal meeting held on the margins of the Financing for Development (FfD) Forum addressed investment in affordable and clean energy needed to achieve Sustainable Development Goal (SDG) 7 (Ensure access to affordable, reliable, sustainable and modern energy for all). Speakers highlighted the relevance of affordable and clean energy to the achievement of other SDGs and new climate change commitments.

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