Energy

Event: IRENA Innovation Week: The Age of Renewable Power [viewed]

IRENA Innovation Week aims to develop a unified vision, along with sector-specific strategies, to find innovative solutions and accelerate renewable energy deployment. The theme for the first Innovation Week is 'The Age of Renewable Power: Centralised, Distributed or Supergrids?'. The meeting will seek to help governments and industries to identify what technologies to focus on and what hinders technological breakthroughs in order to achieve a clean energy revolution. Site visits will take place on 10 May, followed by a series of plenaries and deepdive sessions on 11-13 May. This event takes place in Bonn, Germany, immediately before the forty-fourth sessions of the Subsidiary Body for Implementation (SBI 44) and Subsidiary Body for Scientific and Technological Advice (SBSTA 44) as well as the first session of the Ad Hoc Working Group on the Paris Agreement (APA 1), which are taking place in Bonn from 16-26 May.  

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G7 Energy Ministers Focus on Energy Security for Global Growth [viewed]

g7_20162 May 2016: Energy Ministers of the Group of Seven (G7) and the European Commissioner for Climate Action and Energy met under the theme 'Global Energy Security for Growth.' The ministerial meeting concluded with the adoption of a joint statement, titled the 'Kitakyushu Initiative on Energy Security for Global Growth,' in which the Ministers express their intention to: "play their full part" in implementing the Paris Agreement on climate change and accelerate work towards transitioning to an energy system that enables a decarbonisation of the global economy; and facilitate investments for secure and sustainable energy.

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UNEP Releases 2015 Annual Report [viewed]

UNEPMay 2016: The UN Environment Programme's (UNEP) annual report for 2015 provides examples of partnerships and global outlooks deemed critical for implementing the Paris Agreement on climate change and the 2030 Agenda for Sustainable Development, including its Sustainable Development Goals (SDGs).

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Sustainable Energy Finance Update: Public Finance Leverages Private Flows to Renewables [viewed]

energy_finance1 May 2016: Universal access to affordable, reliable, sustainable and modern energy, the

seventh of the Sustainable Development Goals (SDGs) agreed last year, starts with access to finance. Looking at the sustainable energy finance news coming out of April, a number of initiatives went beyond simply funding projects. They also built the capacity of developing country governments and companies to develop energy efficiency, energy access and renewables projects that will qualify for finance. Similarly, many of the finance flows were intended to make projects more attractive to private sector investments, compounding the impact of public funds.

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INDC Analyses Show Improvement, Need for Radical Action [viewed]

unfccc_etc_wcrp2 May 2016: The UNFCCC Seceretariat has released an updated synthesis report outlining the aggregate effect of the intended nationally determined contributions (INDCs) submitted by 189 Parties as of 4 April 2016. The report finds that full implementation of both the conditional and unconditional actions outlined in the INDCs would result in total aggregate global emission levels of 55 (51.4-57.3) Gt carbon dioxide (CO2)-equivalent (eq) in 2025 and 56.2 (52-59.3) Gt CO2-eq in 2030. While this emissions trajectory does show an improvement over likely pre-INDC scenarios, it is far from those consistent with the goal of limiting warming to 2°C or 1.5°C above pre-industrial levels.

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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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