Europe

January-February 2016 Transparency Update [viewed]

UNFCCC29 February 2016: A number of reports have been published by the UNFCCC Secretariat in accordance with the current transparency system of the UNFCCC. These include a status report on Japan's annual greenhouse gas (GHG) inventory, two multilateral assessment (MA) summary reports, and eight summary reports on the technical analysis of the first Biennial Update Reports (BURs). In addition, several events took place, including a review period focused on Annex I Parties' Kyoto Protocol compliance and a meeting and workshop focused on capacity building for non-Annex I Parties' reporting.

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Event: G20 Green Finance Study Group Meeting #2 [viewed]

The second meeting of the Green Finance Study Group (GFSG) under the Group of 20 (G20) Chinese Presidency will take place on 22 March in London, UK. In 2016, the GFSG will work on identifying institutional and market barriers to green finance, and options for enhancing the ability of the financial system to mobilize private green investment. The GFSG will prepare a synthesis report on related findings for the third G20 finance ministers and central bank governors meeting in 2016, scheduled to take place from 23-24 July 2016, in Chendgu, China. The G20 is an international forum for the governments and central bank governors from 20 major economies. It includes the European Union (EU), which is represented by the European Commission and the European Central Bank, and 19 countries: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, the Russian Federation, Saudi Arabia, South Africa, South Korea, Turkey, the UK and the US.  

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UNGA President Calls for Investment, Action on Multilateral Commitments [viewed]

UNGA 2nd Committee - Economic and Financial16 February 2016: Multilateralism has "reasserted itself" in relation to sustainable development, but failed in the area of peace and security, said UN General Assembly (UNGA) President Mogens Lykketoft, in addresses to the European Parliament and the European Council. Lykketoft reflected on issues of focus for the 70th session of the UNGA, including the 2030 Agenda for Sustainable Development, the Paris Agreement on climate change, the selection of the next UN Secretary-General, and the refugee crisis.

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China's G20 Presidency Holds Green Finance, Energy Sustainability Meetings [viewed]

di_logo28 January 2016: The Green Finance Study Group (GFSG) and the Energy Sustainability Working Group were among the first meetings held under China's presidency of the Group of 20 (G20). The meetings took place in January 2016, and focused on the agenda for the year ahead, with the GFSG agreeing to prepare a synthesis report on the role of the financial system in mobilizing private green investment, in advance of the G20 finance ministers and central bank governors meeting in July 2016.

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Policy Update #27: Emissions from International Transport (AKA the Elephant in the Climate Change Policy Room) [viewed]

Global aviation and maritime shipping combined produce about 5% of global carbon dioxide (CO2) emissions. This is a sizeable share of global emissions: if these sectors were a country, they would be the seventh largest emitter. Furthermore, both sectors are among the fastest growing sources of emissions at the global level. Their share is projected to rise between 10-32% by 2050. Business as usual in the shipping and aviation industry alone would make unreachable the long-term global goal adopted by Parties to the UNFCCC at their 21st session (COP 21), namely to hold “the increase in the global average temperature to well below 2°C above pre-industrial levels,” let alone the 1.5°C target.

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EU Climate Diplomacy to Focus on Implementation of Paris Agreement [viewed]

ec15 February 2016: EU Foreign Affairs Ministers have adopted conclusions on European climate diplomacy, emphasizing three strands of action for 2016 related to: prioritizing climate change advocacy in diplomatic relations; implementing the Paris Agreement and intended nationally determined contributions (INDCs); and addressing the nexus among climate change, natural resources, prosperity, stability and migration.

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Post Davos Talks Highlight Urgency of Climate Change, Conflict and Migration [viewed]

unga_pwc_wef15 February 2016: Participants at the Post Davos Nordic Summit highlighted the role of the private sector and civil society in addressing sustainable development and geopolitical crises. They also discussed implementation of the Sustainable Development Goals (SDGs) and the Paris Agreement on climate change, and noted the importance of progress on sustainable development and climate change to achieve peace and security.

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UNISDR Analyzes Human Cost of Disasters in 2015 [viewed]

2015_disasters_numbers11 February 2016: The UN Office for Disaster Risk Reduction (UNISDR), the Catholic University of Louvain Brussels, Belgium, and the United States Agency for International Development (US AID) have released an infographic on disaster trends showing that 2015, which was the hottest year on record, confirmed that weather and climate-related disasters dominate disaster trends linked to natural hazards. Robert Glasser, Head of UNISDR, said the analysis reaffirms the key role of greenhouse gas (GHG) reductions and climate change adaptation for disaster risk reduction (DRR).

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Event: G7 Summit 2016 [viewed]

The 2016 Group of 7 (G7) Summit in Japan will bring together the leaders of Canada, France, Germany, Italy, Japan, the UK and the US to address global challenges. Under the Presidency of Japan, the 2016 Ise-Shima Summit will discuss measures to address the global economic slowdown, terrorism, the humanitarian crisis and ongoing conflicts. Separate meetings of G7 ministers will also take place through the year at various locations around Japan, including meetings of foreign, finance, agriculture, ICT, energy, education, science and technology, environment, health and transport ministers. The G7 was officially established in 1985 to facilitate economic cooperation among the world's largest industrial nations; summit meetings of the member nations began in 1975.  

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January 2016 Climate Finance Update [viewed]

finace_climateFebruary 2016: During the month of January, the Asian Development Bank (ADB), the African Development Bank (AfDB), the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), the Inter-American Development Bank (IDB), the World Bank and the Adaptation Fund, among others, reported on new funding approvals and other climate finance news. Multilateral Development Banks (MDBs), climate funds and the UN Environment Programme (UNEP) launched publications on, inter alia, blended climate finance, climate co-finance tracking and climate risk management.

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