Latin America & the Caribbean

Transparency and Compliance Update: Australia, New Zealand Inventory Review Reports and 17 True-Up Period Review Reports Released [viewed]

unfccc_fao2 May 2016: How does one ensure Parties are fulfilling their climate change commitments? The answer is a transparency and compliance regime. Transparency is vital for building international trust and confidence that action to address climate change is taking place, as well as for assessing how to facilitate further action. In the last month, documents issued by the UNFCCC Secretariat put Australia, Liechtenstein and New Zealand under the microscope, along with 17 developed countries that participated in the true-up period of the Kyoto Protocol's first commitment period (CP1). A number of activities related to transparency for developing countries also took place.

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April 2016 Climate Finance Update: Key Meetings Mobilize Action, Adaptation Put under the Spotlight [viewed]

climate_finance_april_20161 May 2016: In the Paris Agreement, agreed upon by 195 UN Member States in December 2015, countries agreed to make “finance flows consistent with a pathway towards low greenhouse gas (GHG) emissions and climate-resilient development.” Developing countries will receive financial resources for both mitigation and adaptation actions, while developed countries are expected to continue to lead in mobilizing climate finance from a variety of sources, with public funds playing a significant role in reaching the previously agreed US$100 billion annual target by 2020. Monthly IIDS RS Climate Finance Updates aim to help track multilateral financing to support the finance goal agreed under the UNFCCC, which will in turn contribute to the implementation of Sustainable Development Goal (SDG) 13 (Take urgent action to combat climate change and its impacts).

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FAO, Mountain Partnership to Launch Mountain Funding Facility [viewed]

fao_mountain27 April 2016: The Food and Agriculture Organization (FAO) and the Mountain Partnership Secretariat announced plans to launch a Mountain Facility, or funding mechanism, to address the increasing threat of hunger in mountain regions in developing countries.

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Policy Update #32: Monthly Forecast: May 2016 [viewed]

After a full schedule of high-profile events, statements, and commitments in April, policy work in May 2016 will be guided by key documents on sustainable development.

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ECLAC Caribbean Committee Highlights National Ownership, Coordination for 2030 Agenda [viewed]

1280784375ECLAC_logo22 April 2016: Senior government officials shared their perspectives on sustainable development priorities in the Caribbean, during the 26th session of the Caribbean Development and Cooperation Committee (CDCC), a subsidiary body of the UN Economic Commission for Latin America and the Caribbean (ECLAC). Among other priorities, participants stressed national ownership and integrated planning, and suggested addressing debt management through a Caribbean Resilience Fund.

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Major Economies Forum Considers Paris Agreement Implementation [viewed]

major_economies_forum24 April 2016: Two days after 175 Parties to the UNFCCC signed the Paris Agreement, the Major Economies Forum on Climate and Energy (MEF) met in New York, US, and contemplated how to continue the momentum ushered in by the adoption of the Agreement by the 21st session of the Conference of the Parties to the UNFCCC (COP 21). The 24 April meeting was the first time the MEF, which includes the world's largest emitters, convened since the Agreement was adopted in December 2015.

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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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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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