Industrial Development

EBRD, CIF, GEF to Accelerate Climate Investments [viewed]

ebrd-cif-gef24 September 2014: The European Bank for Reconstruction and Development (EBRD) is financing clean energy projects through its own investments, as well as through partnering with the Climate Investment Funds (CIF) and the Global Environment Facility (GEF). These funds aim to scale up climate finance by providing concessional funding and enhancing knowledge sharing and advisory support, which has increased commercial financing for sustainable energy investments.

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Bank of America Announces Clean Energy Finance Initiative [viewed]

bank-america23 September 2014: Bank of America has announced a Catalytic Finance Initiative to stimulate US$10 billion worth of new investment in clean energy projects. The initiative will focus on developing or advancing innovative financing structures that reduce investment risk, and attract a range of institutional investors.

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UNEP, Investors Launch Coalition to Decarbonize Institutional Investment [viewed]

UNEP23 September 2014: A group of institutional investors have partnered with the UN Environment Programme (UNEP) and its Finance Initiative (UNEP FI) to decarbonize US$100 billion of institutional investment.

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IMF Analyzes Co-Benefits of Carbon Pricing [viewed]

IMFSeptember 2014: The International Monetary Fund (IMF) has released a working paper, titled ‘How Much Carbon Pricing is in Countries' Own Interests? The Critical Role of Co-Benefits.' The paper assesses, for the top 20 emitting countries, the degree to which carbon pricing is in countries' national interests by analyzing domestic co-benefits before even considering climate benefits.

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UNEP and Partners Launch Energy Efficient Appliances Partnership [viewed]

UNEP23 September 2014: The UN Environment Programme (UNEP) has launched a partnership to reduce global energy demand, mitigate climate change and improve access to energy by accelerating the global transition to efficient appliances and equipment. The ‘Efficient Appliances and Equipment Partnership' supports the UN Secretary-General's Sustainable Energy for All (SE4ALL) initiative, and builds on UNEP's ‘en.lighten' initiative on phasing out incandescent lamps.

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IRENA Launches Renewable Energy Initiatives in Africa, SIDS [viewed]

IRENA23 September 2014: During the 2014 Climate Summit, the International Renewable Energy Agency (IRENA) launched two initiatives aimed at reducing fossil fuel dependency in Africa and delivering cleaner energy for small island developing States (SIDS). Both initiatives will seek to speed up the development of renewable energy resources and strengthen related international cooperation.

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UN Private Sector Forum Focuses on Carbon Pricing [viewed]

United Nations Global Compact23 September 2014: The 2014 UN Private Sector Forum, held as part of the UN Secretary-General's Climate Summit, brought together approximately 400 global business, government and civil society leaders. During the event, a list of 31 ‘Carbon Pricing Champions' was announced and 11 ‘Corporate Commitments to Climate and Energy' were presented.

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Over 1000 Businesses, 73 Countries Support Carbon Pricing [viewed]

World Bank23 September 2014: Seventy-three countries and 22 states, provinces and cities, alongside over 1,000 business and investors, have signed a statement signaling their support for carbon pricing to help limit global temperature increase to below 2ºC, citing climate change as “one of the greatest global challenges" that "threatens to roll back decades of development and prosperity.”

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ILO, UNFCCC Argue Planet's De-carbonization Can Create Green Jobs [viewed]

unfccc-ilo22 September 2014: Director-General of the International Labour Organization (ILO), Guy Ryder, and Executive Secretary of the UN Framework Convention on Climate Change (UNFCCC), Christiana Figueres, have published an op-ed, titled 'Cleaner, Greener and Richer,' arguing that the UN Secretary-General's Climate Summit in New York and the UNFCCC session of the Conference of the Parties (COP) to be held in Paris in 2015 can deliver a more prosperous world that provides millions of decent work opportunities. The editorial highlights that climate change mitigation can promote growth and high-quality employment.

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ECLAC Assesses Climate Change Costs for Latin America and Caribbean [viewed]

1280784375ECLAC_logo22 September 2014: A report by the UN Economic Commission for Latin America and the Caribbean (ECLAC) calculates that, in a 2.5°C temperature rise scenario, the economic costs of climate change will equal approximately 2.5% of the region's annual gross domestic product (GDP). The study notes that the region is faced with “an asymmetrical dual challenge” given its limited contribution to total greenhouse gas (GHG) emissions and high vulnerability to climate change. It estimates the annual adaptation costs for the region at approximately 0.5% of the region's annual GDP.

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