Industrial Development

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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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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February-April 2016 NAMA Update: NAMAs Receive Growing Attention as Implementation Tools Post-Paris [viewed]

feb_nama_update201615 April 2016: Nationally appropriate mitigation actions (NAMAs) by developing countries, first introduced in the UN Framework Convention on Climate Change (UNFCCC) Cancun Agreements, are becoming an increasingly important vehicle supporting the implementation of the Paris Agreement, with significant co-benefits for the 2030 Agenda for Sustainable Development due to their alignment with national development strategies. This update focuses on individual NAMAs, and related support, events and activities, for the period from mid-February 2016 to mid-April 2016.

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'Two Degrees of Change' Initiative Addresses Women's Role in Climate Action [viewed]

newton11 April 2016: A new initiative aimed at accelerating progress on climate action and gender equality by forming a more joined-up approach and creating a “compounding effect” has been launched. The 'Two Degrees of Change' initiative is led by Helena Morrissey, CEO, Newton Investment Management (a global investment management firm), and Christiana Figueres, UNFCCC Executive Secretary. It will help achieve Sustainable Development Goal 13 (SDG 13) on taking urgent action to combat climate change and its impacts, and SDG 5 on achieving gender equality.

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Event: ICAO High-level Meeting on a Global Market-Based Measure Scheme for Global Aviation [viewed]

This meeting will discuss draft International Civil Aviation Organization (ICAO) Assembly resolution text on a global market-based measure (MBM) scheme and make recommendations to the 208th session of the ICAO Council, in preparation for the 39th Session of the ICAO Assembly, which will meet from 27 September to 7 October 2016. This high-level meeting will be attended by ICAO Contracting States and other international organizations with direct involvement in aviation and/or the environment. Prior to the meeting, on 10 May, a briefing will review the basic elements of the global MBM proposal. In 2013, the 38th session of the ICAO Assembly adopted a resolution, deciding to develop a global MBM scheme for international aviation. The meeting is being organized by ICAO.  

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March 2016 Climate Finance Update: Fund Boards Meet, Carbon Markets Under the Spotlight [viewed]

march2016_climate_finance7 April 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).

read more »

Sustainable Energy Finance Update: Majority of 2015 Renewables Investment Went to Developing Countries [viewed]

energy_finance_review20151 April 2016: When governments adopted the Sustainable Development Goals (SDGs) in September of last year, they agreed to a goal of ensuring access to affordable, reliable, sustainable and modern energy for all (SDG 7) by 2030. In a separate Goal, SDG 17, they set out targets for the means of implementation (MOI) necessary for achieving the SDGs. As the focus shifts from "the year of decisions" to "the year of implementation," the MOI necessary for achieving SDG 7, as well as the other Goals, are receiving greater attention. This update examines recent news related to finance MOI, with a view to identifying what governments and intergovernmental actors are doing to mobilize renewable energy, energy efficiency and energy access finance.

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Global Methane Forum, Related Events Explore Methane Abatement Strategies [viewed]

global_methane_forum1 April 2016: The Global Methane Initiative (GMI) and the Climate and Clean Air Coalition (CCAC) of the UN Environment Programme (UNEP) co-hosted the Global Methane Forum, which focused on international methane reduction, highlighting methane reduction technologies, policies and opportunities, and addressing finance issues. The Forum was directly followed by the CCAC second annual Science Policy Dialogue on Short-Lived Climate Pollutants (SLCPs), the CCAC Municipal Solid Waste Initiative Workshop and the CCAC Working Group Meeting.

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UNEP Reports World Record in Renewable Energy Investments [viewed]

global_trends_rei24 March 2016: A UN Environment Programme (UNEP) report, titled 'Global Trends in Renewable Energy Investment 2016' (GTR), finds that global investments in renewables in 2015 hit a new record high at US$286 billion and that, for the first time, investments in renewables in developing countries topped those of developed countries.

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IEA Confirms Decoupling of CO2 Emissions, Economic Growth in 2015 [viewed]

IEA16 March 2016: For the second year in a row, global energy-related carbon dioxide (CO2) emissions registered no growth, according to the International Energy Agency (IEA), while global gross domestic product (GDP) continued to grow. Releasing preliminary data for 2015, the IEA reported that CO2 emissions amounted to 32.1 billion tonnes in 2015 and have remained flat since 2013. The IEA pointed to a surge in renewables as a key factor, noting they accounted for 90% of new electricity generation in 2015.

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