Poverty Eradication

It is recognized that the poor are particularly vulnerable to the effects of climate change. This section covers issues related to the vulnerability and climate risks of developing countries, adaptation to climate change impacts, and the implications of climate change for poverty eradication.

APEC Advances Sustainable City Development Efforts [viewed]

apec16 July 2015: Asia-Pacific Economic Cooperation (APEC) economies have announced accelerated support for sustainable city development in the region. According to the APEC Energy Working Group, APEC officials are advancing technical support for solar-powered, energy-efficient buildings and high efficiency lighting, improved vehicle fuel efficiency labeling and consumer information, and accessible green energy financing.

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FfD3 Concludes with Adoption of Addis Ababa Action Agenda [viewed]

iisdrs_FfD316 July 2015: The Third International Conference on Financing for Development (FfD3) has concluded with the adoption of the Outcome Document of the Conference, the Addis Ababa Action Agenda (AAAA). In support of the AAAA, a number of significant partnerships were launched during FfD3, including: the Addis Tax Initiative, which will support strengthening domestic tax systems; the Global Financing Facility in Support of Every Woman Every Child, which brings together countries, donors and the private sector; and the Commission on Financing Global Education.

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IISD GSI Event: Fossil-Fuel Subsidies Reform Can Finance Development [viewed]

gsi-fffsr 14 July 2015: Reforming fossil-fuel subsidies can free up funds for investing in sustainable development and reduce global greenhouse gas (GHG) emissions by approximately 10%, according to a high-level side event held at the Third International Conference on Financing for Development (FfD3) in Addis Ababa, Ethiopia. Participants also underlined that current low international energy prices create a window of opportunity for fossil-fuel subsidy reform.

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UNFCCC, UNCCD and UNEP Highlight Development Benefits of Linking Land and Climate Agendas [viewed]

unfccc_unccd_unep13 July 2015: In their joint op-ed, titled 'The Land Battle for Sustainable Development,' Monique Barbut, Executive Secretary of the UN Convention to Combat Desertification (UNCCD), Christiana Figueres, Executive Secretary of the UN Framework Convention on Climate Change (UNFCCC), and Achim Steiner, Executive Director of the UN Environment Programme (UNEP), underscore the "huge, largely untapped potential for rapid gains in both the fight against climate change and efforts to achieve the Sustainable Development Goals [SDGs].”

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MDBs Will Collaborate to Mobilize Resources for Achievement of SDGs [viewed]

mdbs_210 July 2015: In the lead-up to the Third International Conference on Financing for Development (FfD), the African Development Bank (AfDB), Asian Development Bank (ADB), European Bank for Reconstruction and Development (EBRD), European Investment Bank (EIB), Inter-American Development Bank (IADB), World Bank Group and the International Monetary Fund (IMF) signaled their intention to extend over US$400 billion in financing over the next three years and to work more closely with each other and with public and private sector partners to mobilize resources to support the achievement of the proposed Sustainable Development Goals (SDGs).

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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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UNEP Inquiry Event Urges Aligning Financial System with Sustainable Development Objectives [viewed]

inquiry-axa3 July 2015: At an event hosted by the UN Environment Programme (UNEP) and AXA insurance company, high-level experts called attention to the misalignment between the current financial system and the goal of creating a sustainable, resource-efficient, low-carbon economy. Panelists called for considering environmental risk when determining financial risk and risk pricing, boosting financial education to increase access to financial services and favorably treating long-term investments that limit climate risks.

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Final MDG Report: Gains, Shortfalls Point Way to Post-2015 Success [viewed]

milenium_goals_report6 July 2015: Extreme poverty was ended for more than one billion people through efforts under the Millennium Development Goals (MDGs), according to the final edition of the MDGs Report. The 2015 report highlights achievements in access to drinking water, universal primary education, child and maternal health, gender equality and eliminating hunger, among others. However, the report also underscores the need for more work as part of the post-2015 development agenda and the proposed Sustainable Development Goals (SDGs) to ensure that the poorest and most vulnerable people are not left behind.

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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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June 2015 Climate Finance Update [viewed]

june2015-climatefinance11 July 2015: During the month of June, the Asian Development Bank (ADB), the African Development Bank (AfDB), the Inter-American Development Bank (IDB), the World Bank, the Adaptation Fund, the World Agroforestry Centre, the UN Office for Disaster Risk Reduction (UNISDR), the Caribbean Development Bank (CDB), the Global Environment Facility (GEF), the Green Climate Fund (GCF) and the UN Environment Programme (UNEP) DTU Partnership reported on climate finance projects and other related news. ADB, AfDB, GCF, the World Bank, the International Finance Corporation (IFC), the Partnership for Market Readiness (PMR), the Climate Investment Funds (CIF), the UNEP Finance Initiative (UNEP FI) and the International Fund for Agricultural Development (IFAD) launched publications.

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