Energy

Carbon Expo 2015 Highlights Market Mechanisms for Climate Change Mitigation [viewed]

CARBON EXPO 201228 May 2015: The 12th edition of the Carbon Expo instilled a sense of renewed optimism about the future of carbon markets, according to event organizers. The 2015 Carbon Expo, which is a global carbon market fair and conference, brought together stakeholders from the policy, business, non-governmental, research and financial realms to discuss carbon pricing and finance tools for transitioning to low-carbon economies.

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May 2015 Climate Finance Update [viewed]

AfDB - IDB - Adaptation Fund - UNDP - GEF - World Bank - APEC - SLoCaT - UNISDR - ADB - EIB1 June 2015: Climate finance-related news and announcements during May 2015 were published by the African Development Bank (AfDB), the Inter-American Development Bank (IDB), the Adaptation Fund, the UN Development Programme (UNDP), the Global Environment Facility (GEF), the World Bank, Asia-Pacific Economic Cooperation (APEC), the Partnership on Sustainable Low Carbon Transport (SLoCaT) and the UN Office for Disaster Risk Reduction (UNISDR). AfDB, IDB, the Asian Development Bank (ADB), the European Investment Bank (EIB) and the World Bank launched studies, reports and stories related to climate risk and finance. AfDB, ADB and the World Bank reported on climate change and finance-related events.

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May 2015 Sustainable Energy Finance Update [viewed]

AfDB-ADB-EBRD-EIB-GEF-IDB-OPEC-World BankMay 2015: In May, the African Development Bank (AfDB), Asian Development Bank (ADB), European Bank for Reconstruction and Development (EBRD), European Investment Bank (EIB), Global Environment Facility (GEF), Inter-American Development Bank (IDB), OPEC (Organization of the Petroleum Exporting Countries) and World Bank announced funding for sustainable energy projects.

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UN Scientific Advisory Board Discusses "Big Ideas" for the Future of Humanity and the Planet [viewed]

United Nations26 May 2015: The third meeting of the Scientific Advisory Board of the UN Secretary-General, which took place in Kuala Lumpur, Malaysia, from 25-26 May 2015, discussed a call by Secretary-General Ban Ki-moon for members to express “scientific concerns you have about the future of people and the planet” for his consideration.

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Canada, Mexico, US Partner on Climate Change and Energy [viewed]

mexico_canada_us25 May 2015: The Governments of Canada, Mexico and the US have announced the creation of the North American Energy Ministers' Working Group on Climate Change and Energy. The partnership aims to harmonize efforts and policies toward common climate goals while protecting jobs and the economy. The joint announcement was made by Greg Rickford, Canada's Minister of Natural Resources, Ernest J. Moniz, US Secretary of Energy, and Pedro Joaquín-Coldwell, Mexico Secretary of Energy.

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CIF Expands Investment Opportunities to 72 Countries [viewed]

CIF19 May 2015: Decisions taken during the semi-annual Climate Investment Funds (CIF) governing body meetings will bring the US$8.1 billion CIF to a total of 72 developing and middle-income countries in the areas of renewable energy, technology, sustainable forestry and climate resilience. During the meetings, the CIF earmarked US$100 million to Ghana, Nicaragua and Haiti to help them develop their renewable energy markets.

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IMF Estimates Global Energy Subsidies at US$5.3 Trillion [viewed]

IMF18 May 2015: A study by the International Monetary Fund (IMF) concludes that, despite the decline in energy prices, global energy subsidies are “dramatically higher than previously estimated.” The working paper, which presents updated information on regional and global energy subsidies, argues that subsidy reform is in countries' own interests given related fiscal, environmental and welfare benefits.

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Climate Week Paris Showcases Business Leadership on Climate Change [viewed]

climate_week_paris22 May 2015: Planned 200 days in advance of the 21st session of the Conference of the Parties (COP 21) to the UNFCCC, Climate Week Paris highlighted that "climate action makes good business sense." Business leaders, policymakers and non-governmental organizations (NGOs) alike confirmed that a strong global climate change agreement, to be adopted at COP 21, will be a critical signal to the private sector to scale up their low-carbon activities.

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Climate Finance Day Focuses on Shifting Capital to Low-Carbon Economy [viewed]

climate_finance_day22 May 2015: At the Paris 2015 Climate Finance Day, key stakeholders from the financial sector gathered for four roundtables on climate change, which all centered around the theme of shifting trillions of dollars toward the goal of limiting global warming below 2°C above pre-industrial levels. In addition, two platforms for tracking climate actions in the financial sector were announced and speakers throughout the day discussed tools for mitigating risk and transaction costs of climate-friendly projects.

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Stakeholder Launch of Sustainable Innovation Forum 2015 Held at Climate Week Paris [viewed]

climate_action_parisweek21 May 2015: The UN Environment Programme (UNEP) and Climate Action held a Stakeholder Launch of the Sustainable Innovation Forum 2015 (SIF15) at Climate Week Paris, 200 days ahead of the SIF event to be held at the 21st session of the Conference of the Parties (COP 21) to the UNFCCC in December 2015. UNEP and Climate Action partner to host the SIF, which is the largest business-focused event at each COP session.

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