Industrial Development

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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France, Peru Issue Call for Action on Climate Change and Decent Work [viewed]

france-peru26 June 2015: François Rebsamen, Minister of Labor, Employment, Vocational Training and Social Dialogue, France, and Luis Enrique Chávez Basagoitia, Permanent Representative of Peru to the UN in Geneva, signed a Joint Call on Climate Change and Decent Work. The Joint Call encourages Parties to the UN Framework Convention on Climate Change (UNFCCC) to better integrate decent work dimensions into the fight against climate change, both in negotiations towards a new climate agreement, and in formulating and implementing national policies.

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CEM's Global Sustainable Cities Network Focuses on Energy Efficiency [viewed]

Clean Energy Ministerial25 June 2015: The Global Sustainable Cities Network (GSCN), an initiative of the Clean Energy Ministerial (CEM), held its third session in France.

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Bloomberg New Energy Finance Releases New Energy Outlook 2015 [viewed]

bloombergnewenergyfinance23 June 2015: Bloomberg New Energy Finance (BNEF) has published its New Energy Outlook (NEO) 2015, which is a long-term forecast of the global energy sector. BNEF emphasizes five "seismic shifts" projected in the electricity sector over the next 25 years, based on analysis of expected demand, costs of generation and structural changes to the electricity system. The authors predict $12.2 trillion will be invested in global power generation through 2040, with 78% invested in emerging markets and 66.7% in renewables.

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US, China Cooperate on CCS, Energy Efficiency and Clean Energy [viewed]

united_nations-china24 June 2015: The US and China have announced cooperation on two new carbon capture and storage (CCS) projects as part of ongoing climate change cooperation being undertaken by the US-China Climate Change Working Group (CCWG). The two projects and a number of other plans for further cooperation on climate change mitigation were announced during a series of high-level climate change events held between the two governments in Washington DC, US, from 22-23 June 2015.

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