Energy

Renewable Energy Outlook: Share of Renewables Hits Record High in 2015, a Trend that Could Save Trillions [viewed]

irena_iea_ren21_eea13 April 2016: Two reports recently published by the International Renewable Energy Agency (IRENA) indicate that the world can save over US$4 trillion annually by 2030 if the share of renewables in the global energy mix were to double, also by 2030, and that renewable generation capacity has been on the rise, with 2015 marking the highest annual growth rate. While an International Energy Agency (IEA) Energy Business Council meeting examined the global post-Paris energy landscape, regional developments included: a decline of fossil fuel use across the European Union (EU); electricity generation from wind and solar rising by 16% in the countries that make up the Organisation for Economic Co-operation and Development (OECD); and the launch of an interactive Southern African Development Community (SADC) map designed to help meet the region's energy needs and increase the deployment of renewable energy and energy efficiency.

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Banks Pledge US$7 Billion for Clean Energy, World Bank Adopts Climate Change Action Plan [viewed]

bloomberg_wbg7 April 2016: A number of private banks and the World Bank Group (WBG) have announced initiatives that will contribute to implementing the Paris Agreement on climate change, which was adopted in December 2015, as well as various Sustainable Development Goals (SDGs). By pledging US$7 billion, a group of eight banks and investors have joined the Bank of America's initiative aimed at stimulating US$10 billion for investments in clean energy and sustainable development. For its part, the WBG has announced its Climate Change Action Plan, which aims to support countries in delivering on their national climate plans, also referred to as Nationally Determined Contributions (NDCs) under the UNFCCC, and sets ambitious targets for 2020 in high-impact areas, including clean energy, green transport, climate-smart agriculture and urban resilience.

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Event: ICAO High-level Meeting on a Global Market-Based Measure Scheme for Global Aviation [viewed]

This meeting will discuss draft International Civil Aviation Organization (ICAO) Assembly resolution text on a global market-based measure (MBM) scheme and make recommendations to the 208th session of the ICAO Council, in preparation for the 39th Session of the ICAO Assembly, which will meet from 27 September to 7 October 2016. This high-level meeting will be attended by ICAO Contracting States and other international organizations with direct involvement in aviation and/or the environment. Prior to the meeting, on 10 May, a briefing will review the basic elements of the global MBM proposal. In 2013, the 38th session of the ICAO Assembly adopted a resolution, deciding to develop a global MBM scheme for international aviation. The meeting is being organized by ICAO.  

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Implementation Update: Momentum Builds Ahead of Paris Agreement Signing Ceremony [viewed]

UNFCCC8 April 2016: This Implementation Update report summarizes activities by UNFCCC Parties related to the fulfillment of their commitments, especially following the adoption in 2015 of the Paris Agreement and in the context of the Sustainable Development Goals (SDGs). Recent news includes actions taken by the UNFCCC Secretariat to support implementation, announcements by Parties of their intention to sign or ratify the Paris Agreement, and efforts by Canada, the US and Thailand aimed at accelerating climate action.

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March 2016 Climate Finance Update: Fund Boards Meet, Carbon Markets Under the Spotlight [viewed]

march2016_climate_finance7 April 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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Implementation Update: Palestine Joins UNFCCC, China, EU, India, US Announce Climate Actions [viewed]

UNFCCC2 April 2016: Parties to the UNFCCC are making major announcements related to the Paris Agreement and its objectives. The actions described in this Update are also important for implementing the Sustainable Development Goals (SDGs), especially SDG 13 (Take urgent action to combat climate change and its impacts). A number news items reported here will also advance SDG 7, especially Target 7.2 to "increase substantially the share of renewable energy in the global energy mix."

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Sustainable Energy Finance Update: Majority of 2015 Renewables Investment Went to Developing Countries [viewed]

energy_finance_review20151 April 2016: When governments adopted the Sustainable Development Goals (SDGs) in September of last year, they agreed to a goal of ensuring access to affordable, reliable, sustainable and modern energy for all (SDG 7) by 2030. In a separate Goal, SDG 17, they set out targets for the means of implementation (MOI) necessary for achieving the SDGs. As the focus shifts from "the year of decisions" to "the year of implementation," the MOI necessary for achieving SDG 7, as well as the other Goals, are receiving greater attention. This update examines recent news related to finance MOI, with a view to identifying what governments and intergovernmental actors are doing to mobilize renewable energy, energy efficiency and energy access finance.

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Global Methane Forum, Related Events Explore Methane Abatement Strategies [viewed]

global_methane_forum1 April 2016: The Global Methane Initiative (GMI) and the Climate and Clean Air Coalition (CCAC) of the UN Environment Programme (UNEP) co-hosted the Global Methane Forum, which focused on international methane reduction, highlighting methane reduction technologies, policies and opportunities, and addressing finance issues. The Forum was directly followed by the CCAC second annual Science Policy Dialogue on Short-Lived Climate Pollutants (SLCPs), the CCAC Municipal Solid Waste Initiative Workshop and the CCAC Working Group Meeting.

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2016 Global Food Policy Report Explores Contributions of Food Systems to SDG Implementation [viewed]

Ifpri31 March 2016: The '2016 Global Food Policy Report: How we Feed the World is Unsustainable' of the International Food Policy Research Institute (IFPRI) analyzes food policy developments in 2015, assesses challenges and opportunities for the coming year, and investigates the role of food systems in achieving multiple Sustainable Development Goals (SDGs).

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March 2016 Transparency Update [viewed]

enlighten_unfccc_mrv31 March 2016: During the month of March, the UNFCCC Secretariat published a number of reports in accordance with the current transparency system of the UNFCCC. These include an information note on the creation of a public registry for nationally determined contributions (NDCs), 19 true-up period review reports (TPRs) and the greenhouse gas (GHG) inventory review report for Canada. Two UNFCCC meetings of lead reviewers also took place and the outcomes were subsequently published. In addition, the UN Environment Programme (UNEP) and Global Environment Facility (GEF) en.lighten initiative and the International Partnership on Mitigation and MRV announced transparency-related capacity-building initiatives.

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