Europe

European Commission Launches Smart Specialization Platform on Energy [viewed]

smart_specialisation_platform26 May 2015: The European Commission launched a new 'Smart Specialisation Platform on Energy' (S3P-ENERGY) at a high-level conference in Brussels, Belgium, on 26 May 2015, designed to help European regions and EU member States to make full use of EU funds earmarked for sustainable energy under the EU's Cohesion Policy.

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Carbon Expo 2015 Highlights Market Mechanisms for Climate Change Mitigation [viewed]

CARBON EXPO 201228 May 2015: The 12th edition of the Carbon Expo instilled a sense of renewed optimism about the future of carbon markets, according to event organizers. The 2015 Carbon Expo, which is a global carbon market fair and conference, brought together stakeholders from the policy, business, non-governmental, research and financial realms to discuss carbon pricing and finance tools for transitioning to low-carbon economies.

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May 2015 Climate Finance Update [viewed]

AfDB - IDB - Adaptation Fund - UNDP - GEF - World Bank - APEC - SLoCaT - UNISDR - ADB - EIB1 June 2015: Climate finance-related news and announcements during May 2015 were published by the African Development Bank (AfDB), the Inter-American Development Bank (IDB), the Adaptation Fund, the UN Development Programme (UNDP), the Global Environment Facility (GEF), the World Bank, Asia-Pacific Economic Cooperation (APEC), the Partnership on Sustainable Low Carbon Transport (SLoCaT) and the UN Office for Disaster Risk Reduction (UNISDR). AfDB, IDB, the Asian Development Bank (ADB), the European Investment Bank (EIB) and the World Bank launched studies, reports and stories related to climate risk and finance. AfDB, ADB and the World Bank reported on climate change and finance-related events.

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May 2015 Sustainable Energy Finance Update [viewed]

AfDB-ADB-EBRD-EIB-GEF-IDB-OPEC-World BankMay 2015: In May, the African Development Bank (AfDB), Asian Development Bank (ADB), European Bank for Reconstruction and Development (EBRD), European Investment Bank (EIB), Global Environment Facility (GEF), Inter-American Development Bank (IDB), OPEC (Organization of the Petroleum Exporting Countries) and World Bank announced funding for sustainable energy projects.

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CIF Expands Investment Opportunities to 72 Countries [viewed]

CIF19 May 2015: Decisions taken during the semi-annual Climate Investment Funds (CIF) governing body meetings will bring the US$8.1 billion CIF to a total of 72 developing and middle-income countries in the areas of renewable energy, technology, sustainable forestry and climate resilience. During the meetings, the CIF earmarked US$100 million to Ghana, Nicaragua and Haiti to help them develop their renewable energy markets.

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UNDP, UNEP Support Environment and Climate Mainstreaming for Poverty Reduction [viewed]

UNDP UNEPMay 2015: The UN Development Programme (UNDP) – UN Environment Programme (UNEP) Poverty-Environment Initiative (PEI) has published the second edition of a report, titled 'Mainstreaming environment and climate for poverty reduction and sustainable development: A handbook to strengthen planning and budgeting processes,' which supports the integration and implementation of pro-poor, environmental sustainability objectives into national, subnational and sectoral development policies, plans and budgets to contribute to poverty alleviation and an inclusive, green economy.

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Subnational Governments Sign Under2 MOU [viewed]

under2mou20 May 2015: A group of 12 subnational governments, representing more than US$4.5 trillion in GDP and 100 million people, have signed the ‘Under2 MOU,' a commitment to take leadership on climate action at the relevant levels of jurisdiction. The 12 signatories include: California, Oregon, Vermont and Washington, in the US; Acre, Brazil; Baden-Württemberg, Germany; Baja California and Jalisco in Mexico; Catalonia, Spain; Ontario and British Columbia in Canada; and Wales, UK.

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Petersberg Climate Dialogue Strengthens Momentum Ahead of Paris [viewed]

6th Petersberg Climate Dialogue19 May 2015: The Sixth Petersberg Climate Dialogue focused on preparations for the Paris Climate Change Conference and included discussions on: the core elements of the planned 2015 climate agreement; intended nationally determined contributions (INDCs); the role of climate finance; the form a set of rules “anchored in the Paris agreement” might take; and the best way to use the remaining time before Paris in order to address as many unresolved issues as quickly as possible.

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G7, EU Reaffirm Commitment to Sustainable Energy Security​ [viewed]

G7 Germany12 May 2015: G7 energy ministers and their representatives, as well as European Commissioner for Climate Action and Energy, Miguel Arias Cañete, convened to discuss ways to enhance sustainable energy security, including through energy efficiency, renewable energy and innovative technologies.

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Event: Climate Week Paris [viewed]

The Climate Group is organizing the first Climate Week Paris, which will feature the Business and Climate Summit (20-21 May) and Climate Finance Day 2015 (22 May). Other activities during the week will include: the Green Investment Financing Forum (19-20 May); Roundtable II 'Increasing Ambition' (19 May) by the Low Carbon Technology Partnerships initiative (LCTPi); an exhibition of the solar plane SOLAR IMPULSE 1 (19 May); a Green Investment Bank Workshop (20 May); a Roundtable Discussion on Climate Risk Disclosures and the Role of Financial Regulation (21 May); and the Sustainable Innovation Forum 2015 (SIF15) Launch Event (21 May). Other events will cover topics such as: measuring climate performance and carbon risk; wind energy solutions; innovative finance for climate resilience; turning urban challenges into opportunities in the face of climate change; low-carbon built environments; fast mitigation for high-emitting sectors; trade implications and synergies of a club of carbon markets; and innovations for a sustainable financial system.  

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