Industrial Development

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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Event: Dialogue for Climate Action [viewed]

This Dialogue, which is organized by the World Bank Group, will bring together businesses, governments and civil society to discuss policies that promote climate-friendly actions. The aim of the Dialogue is to determine how best to engage industries and others in order to stimulate climate-efficient industries and improve sector competitiveness, as well as ensure greater alignment and cooperation between the private sector and national goals. The conference will also officially launch the 'Vienna Principles for Dialogue on Climate Action,' which were developed by the World Bank Group and partners to help foster dialogues among the public and private sectors through a common standard/framework to improve the ability of companies to play an active role in designing policies and initiatives that tackle climate change. The World Bank publication 'A Greener Path to Competitiveness' will also be launched during the Dialogue.  

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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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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).

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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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