Industrial Development

BRICS to Operationalize New Development Bank, Strengthen Energy Cooperation [viewed]

brics9 July 2015: At its seventh annual summit, the BRICS group of countries (Brazil, the Russian Federation, India, China and South Africa) announced the BRICS Economic Partnership Strategy through 2020, which aims to strengthen ties in energy, high technology, agriculture, science and education. The BRICS also adopted the New Development Bank and Contingent Reserve Arrangement, with a total capacity of US$200 billion.

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IEA Presents Hydrogen and Fuel Cell Roadmap [viewed]

IEA30 June 2015: A report by the International Energy Agency (IEA) examining the potential of hydrogen in the global energy mix stresses its usefulness as an energy carrier that allows for low-carbon energy to be stored, including in fuel cell electric vehicles (FCEVs). The report estimates that a 25% share of FCEVs in global road transport by 2050 can contribute up to 10% of the cumulative transport carbon dioxide (CO2) emissions reductions required for moving from a 6°C average global temperature rise scenario (an extension of current trends) to a 2°C scenario.

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IRENA Assesses Renewables Readiness of Fiji, Marshall Islands and Vanuatu [viewed]

IRENA2 July 2015: The International Renewable Energy Agency (IRENA) has released Renewables Readiness Assessments (RRAs) for three small island developing States (SIDS): Fiji, the Marshall Islands and Vanuatu. The RRAs find that the three countries could meet their energy needs, expand energy access, decrease electricity costs and strengthen energy independence through a combination of renewable energy resources.

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Singapore Submits INDC [viewed]

singapure3 July 2015: The Government of Singapore has formally submitted its intended nationally determined contribution (INDC) to the UNFCCC Secretariat, making it the 45th Party to do so. According to its submission, the country intends to achieve a 36% reduction in its 2005 emissions intensity by 2030. It also plans to stabilize its emissions levels, aiming to peak emissions by around 2030.

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June 2015 Sustainable Energy Finance Update [viewed]

june20151 July 2015: During the month of June, the African Development Bank (AfDB), the Asian Development Bank (ADB), the Caribbean Development Bank (CDB), the European Bank for Reconstruction and Development (EBRD), the European Commission, the European Investment Bank (EIB), the Global Environment Facility (GEF), the Inter-American Development Bank (IDB) and the World Bank announced funding for sustainable energy projects. AfDB, ADB, EBRD, the European Commission and the World Bank also released publications on financing and deploying clean energy.

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Iceland, Republic of Korea, Serbia Submit INDCs [viewed]

iceland_korea_serbia30 June 2015: Iceland, the Republic of Korea and Serbia have formally submitted their intended nationally determined contributions (INDCs) to the UNFCCC Secretariat, bringing the total number of Parties to do so to 44. According to their respective INDCs, Iceland aims to contribute to European countries' collective target of reducing greenhouse gas (GHG) emissions 40% by 2030 compared to 1990 levels, the Republic of Korea plans to reduce its GHG emissions by 37% from the business-as-usual (BAU) level by 2030, and Serbia intends to reduce GHG emissions by 9.8% by 2030 compared to 1990 levels.

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China Submits INDC [viewed]

Flag of China30 June 2015: The UNFCCC Secretariat has announced that the Government of China has submitted its intended nationally determined contribution (INDC). According to its INDC, China intends to peak carbon dioxide (CO2) emissions by around 2030 and lower CO2 emissions per unit of gross domestic product (GDP) by 60-65% from 2005 levels by 2030. China is the 43rd Party to the UNFCCC to formally submit its INDC.

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Living in a Changing Climate: EEA Reports [viewed]

EEA30 June 2015: The European Environment Agency (EEA) has published its Signals 2015 report titled 'Living in a changing climate' focusing on: current and future climate change impacts in Europe; the main sectors contributing to climate change; and the EU's mitigation and adaptation efforts, particularly in relation to investments, soil, oceans and food production.

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EU, China Adopt Joint Statement on Climate Change [viewed]

eu-china29 June 2015: At the 17th bilateral summit between the EU and China, the two parties adopted a joint statement on climate change, recognizing it as "one of the greatest threats facing humanity" and agreeing to elevate climate change cooperation in their bilateral relations. The summit, which commemorated the 40th anniversary of EU-China diplomatic relations, concluded with the adoption of a summit declaration that acknowledges the critical role the two sides must play in addressing climate change.

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UN Global Compact Celebrates 15th Anniversary, New Executive Director Appointed [viewed]

globalcompact26 June 2015: Marking its 15th anniversary, the UN Global Compact convened a meeting titled 'Business as a Force for Good,' bringing together business and civil society to illustrate how the private sector is taking action and partnering to advance societal priorities, as well as the UN's post-2015 development agenda. During the meeting, Global Compact platforms and working groups convened their respective annual events, while smaller meetings focused on how to contribute to achieving the proposed Sustainable Development Goals (SDGs).

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