Asia

Event: Asia Pacific Carbon Forum 2016 [viewed]

The Asia Pacific Carbon Forum 2016 will focus on two workstreams: emissions markets and carbon pricing, and climate finance and investment. It will address such themes as: carbon markets for climate change mitigation, particularly regarding how co-benefits from climate action can build resilience; finance and climate-friendly policies delivering on sustainable development, as part of countries' Nationally Determined Contributions (NDCs) under the Paris Agreement; how to align existing and new carbon markets and mechanisms in the region with the Paris Agreement; NDC implementation through market and non-market based approaches; and acceleration of climate action on the ground. The Forum, which is the region's leading annual event for climate finance, carbon markets and low carbon technologies, will bring together representatives of business, finance and government and is being held as part of Global Green Growth Week 2016. It is being jointly organized by the Asian Development Bank (ADB), the International Emissions Trading Association (IETA), the UN Framework Convention on Climate Change (UNFCCC) and the Institute for Global Environmental Strategies (IGES), in collaboration with the Global Green Growth Institute (GGGI).  

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June 2016 Climate Finance Update: Funds Meet, Non-state Actor Engagement Accelerates [viewed]

june20165 July 2016: This issue of the Climate Finance Update features recent global and regional news on climate finance activities by a variety of intergovernmental actors. Several climate funds met in June to make decisions on strategy and funding. A number of disaster recovery and resilience projects received funding in Asia and Africa. The World Bank highlighted developments in carbon pricing, and some concrete measures were taken to increase the engagement of non-state actors in climate financing.

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Mitigation Update: Southeast Asian Forest, European Transport Emissions Increasing, Cities and Businesses Scale-up Action [viewed]

july_mitigation_update4 July 2016: According to expert participants at a workshop in Paris, France, on 21 June, opportunities posed by solutions that cut across multiple energy end-use sectors are key to redefining climate ambition under the Paris Agreement's objective to keep global temperature rise to well below 2°C above pre-industrial levels, and aiming at 1.5°C. This Mitigation Update highlights recently-published information on emissions and solutions, as well as numerous events related to mitigation, in a variety of key sectors, such as forests, transport, cities, private companies and finance.

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Transparency and Compliance Update: Developed Countries' Reviews Released, GEF Approves Trust Fund for CBIT [viewed]

Transparency and Compliance Update1 July 2016: In the last month, the UNFCCC Secretariat has released updates regarding national reporting from Parties on their climate change action, including status reports on greenhouse gas (GHG) inventories, reports of the technical review of Biennial Report (BR) submissions, and the summary report on the technical analysis of Andorra's first Biennial Update Report (BUR). Also in June, the Enforcement Branch took up questions of implementation with respect to Ukraine under the Kyoto Protocol, and the Global Environment Facility (GEF) approved a financial initiative and trust fund for the Paris Agreement's Capacity Building Initiative for Transparency (CBIT).

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Sustainable Energy Finance Update: World Bank and India Team Up on Solar, US$1 Billion Pledged for Sustainable Energy in Pacific [viewed]

sustainable_energy_finance1 July 2016: The New Energy Outlook 2016, a long-term forecast published in June by Bloomberg New Energy Finance (BNEF), predicts that coal and gas prices will remain lower than expected. However, with wind and solar costs anticipated to dip relatively lower, the Outlook assures that a fundamental transformation toward renewables is still in the works, with US$7.8 trillion in clean energy investments projected from 2016-2040.

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G20, IEA, IRENA Examine Progress Toward Clean Energy Supply [viewed]

g20_iea_irena

30 June 2016: Meeting on 29-30 June, in Beijing, China, the Group of Twenty (G20) energy ministers focused on the expansion of energy access, alternative energy sources and energy efficiency. Just prior to the ministerial meeting, on 28 June, the third meeting of the G20's Energy Sustainability Working Group also convened.

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GCF Board Approves Nine Projects, Adopts Risk and Investment Guidelines [viewed]

green-climate-fund-new30 June 2016: During its 13th meeting, the Green Climate Fund (GCF) Board approved nine new projects, totaling US$256.6 million in GCF funding. The Board also adopted interim risk and investment guidelines, approved resources for national adaptation planning processes and announced a US$200 million pilot for Enhanced Direct Access.

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Adaptation and Loss and Damage Update: Regions Step up DRR Efforts and Resilience to El Niño, Human Mobility, Climate Change and Development Nexus Explored [viewed]

Adaptation_loss_and_damage30 June 2016: As May 2016 became the 13th consecutive month to break the global temperature records, the world's regions' need to adapt to the changing climate grew stronger. In 2015-2016, the periodic warming of the central to Eastern tropical Pacific, known as 'El Niño,' was the strongest since 1997-1998, causing some regions to receive more rain, and others to receive no precipitation. These changes impacted agriculture, food security and nutrition among the affected populations. During the past few weeks, the world's regions, States and sectors have redoubled adaptation efforts, focusing on building resilience and managing disaster risks. The news reported in this Update also demonstrate that the role of cooperation, innovation and knowledge dissemination in advancing climate change adaptation efforts cannot be underestimated.

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UN Global Compact Summit Calls for Business Leadership on SDGs [viewed]

Globalcompact23 June 2016: Participants at the UN Global Compact's 2016 Leaders Summit discussed how to reach a new era of sustainability with responsible business practices, innovation, targeted investment and transformative partnerships. The Compact presented its priorities for the next five years, which include impact reporting and partnerships between the UN and business.

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Mitigation Update: Solar and Wind Prices Plummet as Temperatures and Sea Levels Rise [viewed]

mitigation_update22 June 2016: The first five months of 2016 have served as a reminder of the urgency of mitigating climate change as each month, January-May, has set global temperature records, according to the World Meteorological Organization (WMO). On 17 June, the WMO announced May's record, saying combined average temperature over land and ocean surfaces was 0.87°C above the 20th century average of 14.8°C. May is the 13th consecutive month to set a global temperature high.

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