Governance

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-REDD Policy Board Welcomes Progress on 2016-2020 Strategic Framework [viewed]

UN-REDD Programme22 May 2015: The UN Collaborative Programme on Reducing Emissions from Deforestation and Forest Degradation in Developing Countries (UN-REDD) completed the fourteenth meeting of its Policy Board, reaffirming support for the development of the 2016 – 2020 Strategic Framework and welcoming progress from Chile, Myanmar and Peru.

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OECD, IEA Explore Role of Paris Agreement in Enhancing Climate Adaptation [viewed]

OECD_NEW21 May 2015: The Secretariats of the Organisation for Economic Co-operation and Development (OECD) and the International Energy Agency (IEA) have released a report, titled 'The Role of the 2015 Agreement in Enhancing Adaptation to Climate Change,' which explores the technical pros and cons of Parties' adaptation-related proposals for the 2015 agreement, focusing on aspects that may help enhance policies and coordinated planning for national adaptation.

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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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World Meteorological Congress Opens with Focus on Post-2015 Development Agenda, DRR [viewed]

Wmo25 May 2015: The 17th session of the World Meteorological Congress will discuss the role of the World Meteorological Organization (WMO) in the post-2015 development agenda and the Sendai Framework for Disaster Risk Reduction (DRR). The Congress is also scheduled to help shape the WMO contribution to the climate change negotiations in the lead up to the Paris Climate Change Conference in December 2015, where a new climate agreement is expected to be adopted.

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GCF Set to Begin Funding Projects [viewed]

green-climate-fund-new23 May 2015: The Government of Japan and the Green Climate Fund (GCF) have signed a contribution arrangement confirming the conversion of Japan's pledge of US$1.5 billion equivalent, which carries the Fund over the required 50% threshold to begin allocating resources for projects and programmes in developing countries.

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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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UN-REDD Rolls out Benefits and Risks Tool (BeRT) [viewed]

UN-REDD Programme19 May 2015: The UN collaborative initiative on Reducing Emissions from Deforestation and forest Degradation (REDD) in developing countries (UN-REDD Programme) has launched a tool designed to help REDD+ countries assess the social and environmental benefits and risks associated with potential REDD+ activities. The Benefits and Risks Tool (BeRT) can also analyze existing policies, laws and regulations to see how effectively they address the safeguards that the Conference of the Parties (COP) to the UNFCCC decided should be considered in the undertaking of REDD+ actions.

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UNEP Annual Report 2014 Highlights “Crucial Crossroads” for Sustainable Development [viewed]

UNEPMay 2015: The UN Environment Programme (UNEP) released its annual report for 2014, highlighting its policy and research work in support of decision making on sustainable development. The year's work included analyses of: emissions cuts required to limit global temperature rise to two degrees Celcius (2°C); financing needs for adaptation to climate change; and ecosystems as drivers of economic growth.

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