Europe

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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Event: Second Stakeholder Forum of the Africa-EU Energy Partnership (AEEP) (SDEP2) [viewed]

The Second Stakeholder Forum of the Africa-EU Energy Partnership (AEEP) will be hosted jointly by the Italian Government, the African Union Commission (AUC) and the European Union Commission (EC). The two day Forum will be split into day one, 16 May being a technical thematic stakeholder day deepening on Energy Access, Energy Efficiency, Renewable Energy and Energy Security, and day two, 17 May will be dedicated to high level delegates and stakeholders. The Forum will build on the First Stakeholder meeting held in Cape Town, South Africa in 2012. It envisages participation of African and European Ministers, AU and EU Commissioners, and more than 300 other high-level participants representing policy-makers, regional institutions, international organisations, the banking & finance industry, the private sector, academia, the civil society and the media. The conference is expected to result in an Africa-EU Energy Stakeholder Forum Communiqué, launch a “Mapping of Initiatives and Programmes in Africa Report”, release of an “Intermediate AEEP Status Report”, and develop a stakeholders' call-for-action.  

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175 Parties Sign Paris Agreement, 15 Ratify Agreement on Earth Day [viewed]

iisdrs_paris_agreement22 April 2016: During the High-Level Signature Ceremony for the Paris Agreement on Climate Change held at the UN Headquarters in New York, US, on 22 April 2016, 175 Parties to the UNFCCC signed the Paris Agreement (174 countries and the EU), the largest ever number of first-day signatures to an international agreement. Of the 175 Parties that participated in the ceremony, 15 States deposited instruments of ratification. The signature ceremony was preceded, on 21 April, by the High-Level Thematic Debate on Achieving the Sustainable Development Goals (SDGs), which highlighted the interlinkages among the actions necessary to address climate change and foster sustainable development, and a briefing on forest conservation and restoration that discussed the implications of the formal signing of the Paris Agreement.

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IMO Approves Mandatory Fuel Consumption Data Collection for Ships [viewed]

imo_mandatoryfuelconsumption22 April 2016: In a step toward determining what possible climate change actions are needed from the international shipping sector, the Marine Environment Protection Committee (MEPC) of the International Maritime Organization (IMO) has approved a mandatory system for collecting data on ships' fuel consumption. Ships of 5,000 gross tonnage or more will have to record and report their consumption for every type of fuel they use to their flag State at the end of the calendar year. The flag State will determine whether the reporting meets requirements, issue a Statement of Compliance to the ship and transfer the data to the IMO Ship Fuel Consumption Database.

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G20 Finance Ministers, Central Bank Governors Call for Scaling Up Climate Financing [viewed]

g20-201615 April 2016: A communiqué issued by the Group of Twenty (G20) Finance Ministers and Central Bank Governors Meeting calls for the Green Climate Fund (GCF) to continue scaling up its operations, and stresses the importance of monitoring and transparency of climate finance. In the communiqué, the ministers and governors also give further guidance to the G20 Green Finance Study Group (GFSG) for its July 2016 report and reaffirm their commitment to rationalizing and phasing out inefficient fossil fuel subsidies.

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Implementation Update: As Governments Prepare for Paris Agreement Signing Ceremony, Carbon Pricing in the Spotlight [viewed]

paris_agreement_ceremony21 April 2016: In the lead up to the Paris Agreement on climate change Signing Ceremony, various events have added to the growing momentum of what is expected to be one of the largest ever signing events. In the shadow of the announcement by the US National Oceanic and Atmospheric Administration (NOAA) that March 2016 recorded the highest combined global average temperature of any March since 1880, the growing number of countries expected to sign the Paris Agreement on 22 April is also on track to set a record. This Implementation Update summarizes activities by UNFCCC Parties as they focus on mitigating and adapting to these warming trends, especially following the adoption in 2015 of the Paris Agreement and in the context of the Sustainable Development Goals (SDGs). It includes: recent buzz around market mechanisms, carbon pricing and scaling private sector involvement; the growing impetus ahead of the High Level Signing Ceremony; an outlook to the May session of the UNFCCC; good news about European cars; and Fiji's post-disaster recovery efforts.

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China, India, Russia Reaffirm Commitment to SDGs, Climate Change [viewed]

india_china_russia19 April 2016: The foreign ministers of China, India and the Russian Federation reaffirmed their commitment to implementing the 2030 Agenda for Sustainable Development and its Sustainable Development Goals (SDGs) and the Paris Agreement on climate change, in a Joint Communiqué. The Ministers agreed on the need to further strengthen cooperation on global and regional issues while respecting independent choices of development path and social systems by people of all countries.

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Organization of Islamic Cooperation Commits to Implementing SDGs, Welcomes Paris Agreement [viewed]

oic15 April 2016: Heads of State and Government of the Organization of Islamic Cooperation (OIC) welcomed the adoption of the 2030 Agenda for Sustainable Development and its 17 Sustainable Development Goals (SDGs) at the OIC's 13th Islamic Summit. In the Conference's Final Communiqué, participants supported actions to address climate change and implement the SDGs, among others.

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Inaugural FfD Forum Begins with 2030 Agenda Challenges, Implementation, Follow-Up [viewed]

ECOSOC18 April 2016: The inaugural session of the UN Economic and Social Council (ECOSOC) forum on financing for development follow-up (FfD Forum) opened in New York, US, with ministers, high-level officials, heads of UN departments and agencies and other stakeholders discussing current global economic challenges, including slow economic growth and massive waves of forced migration, the need for concerted action, and innovative development financing options, as well as their contributions to the implementation of the 2030 Agenda for Sustainable Development and the Addis Ababa Action Agenda (AAAA).

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Spring Meetings Address Humanitarian-Development Link [viewed]

wb_imf17 April 2016: The refugee crisis, a slowing economy and other global challenges were in focus for the central bankers, ministers of finance and development and civil society representatives participating in the 2016 World Bank Group - International Monetary Fund (IMF) Spring Meetings.

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