Latin America & the Caribbean

MDBs Adopt Principles for Tracking Climate Adaptation Finance [viewed]

mdbs_png9 July 2015: Six multilateral development banks (MDBs) and the International Development Finance Club (IDFC) have released a document titled 'Common Principles for Climate Change Adaptation Finance Tracking,' which outlines the approach the banks have agreed to take in measuring adaptation finance commitments and flows. The common approach is expected to improve consistency in reporting and consequently boost confidence that funds are flowing to vulnerable societies dealing with climate change impacts.

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BRICS to Operationalize New Development Bank, Strengthen Energy Cooperation [viewed]

brics9 July 2015: At its seventh annual summit, the BRICS group of countries (Brazil, the Russian Federation, India, China and South Africa) announced the BRICS Economic Partnership Strategy through 2020, which aims to strengthen ties in energy, high technology, agriculture, science and education. The BRICS also adopted the New Development Bank and Contingent Reserve Arrangement, with a total capacity of US$200 billion.

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Climate Summit of the Americas Issues Climate Action Statement [viewed]

iisd_climate_summit9 July 2015: The Climate Summit of the Americas has issued the first-ever Pan-American Climate Action Statement leading up to the 21st session of the Conference of the Parties (COP 21) to the UN Framework Convention on Climate Change (UNFCCC), scheduled to take place in Paris, France, from 30 November to 11 December 2015. The Government of Ontario convened over 300 government, business and civil society leaders to foster and strengthen partnerships among jurisdictions for global climate action, and build motivation and support for carbon pricing.

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Poverty, Climate, Indicators in Focus of Stakeholder Input [viewed]

post2015July 2015: Civil society and other stakeholders issued policy briefs and articles with proposals and recommendations on the post-2015 development agenda and the proposed Sustainable Development Goals (SDGs), addressing, inter alia: the multi-dimensional poverty index; indicators; follow-up and review; the June version of the post-2015 zero draft; and potential impacts of climate change on achieving the SDGs.

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CARICOM Countries Address Renewable Energy, SIDS' Development, Climate Change [viewed]

CARICOM5 July 2015: The 36th Regular Meeting of the Conference of Heads of Government of the Caribbean Community (CARICOM) focused on energy, bolstering education systems, and Haiti's "looming humanitarian crisis," among other issues. A high-level symposium on sustainable development convened on the sidelines of the Conference.

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June 2015 Sustainable Energy Finance Update [viewed]

june20151 July 2015: During the month of June, the African Development Bank (AfDB), the Asian Development Bank (ADB), the Caribbean Development Bank (CDB), the European Bank for Reconstruction and Development (EBRD), the European Commission, the European Investment Bank (EIB), the Global Environment Facility (GEF), the Inter-American Development Bank (IDB) and the World Bank announced funding for sustainable energy projects. AfDB, ADB, EBRD, the European Commission and the World Bank also released publications on financing and deploying clean energy.

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June 2015 Climate Finance Update [viewed]

june2015-climatefinance11 July 2015: During the month of June, the Asian Development Bank (ADB), the African Development Bank (AfDB), the Inter-American Development Bank (IDB), the World Bank, the Adaptation Fund, the World Agroforestry Centre, the UN Office for Disaster Risk Reduction (UNISDR), the Caribbean Development Bank (CDB), the Global Environment Facility (GEF), the Green Climate Fund (GCF) and the UN Environment Programme (UNEP) DTU Partnership reported on climate finance projects and other related news. ADB, AfDB, GCF, the World Bank, the International Finance Corporation (IFC), the Partnership for Market Readiness (PMR), the Climate Investment Funds (CIF), the UNEP Finance Initiative (UNEP FI) and the International Fund for Agricultural Development (IFAD) launched publications.

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US-Brazil Intensify Collaboration on Climate Change [viewed]

us-brazil30 June 2015: During an official visit to Washington DC, US, Brazilian President Dilma Rousseff agreed with US President Barack Obama to intensify the collaboration between the two countries, both bilaterally and under the UNFCCC. They issued a Joint US-Brazil Statement on Climate Change that addresses: leadership on the road to the Paris Climate Change Conference in December 2015; ambitious climate action; the launch of a Brazil-US Joint Initiative on Climate Change; cooperation on sustainable land use; and cooperation on clean energy and on climate change adaptation.

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OECD: Energy Taxation Underutilized as Climate Change Mitigation Measure [viewed]

OECD_NEW25 June 2015: A report released by the Organisation for Economic Co-operation and Development (OECD) notes that energy taxes are one of the most effective policy tools for combating the negative effects of energy use. The report finds, however, that these taxes are currently "poorly aligned" with these negative effects, having limited impact on reducing energy use, increasing energy efficiency and shifting to alternative forms of energy.

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BASIC Ministers Outline Views on Paris Agreement [viewed]

Brazilian flag28 June 2015: Ministers from the four BASIC (Brazil, South Africa, India and China) countries convened for the group's 20th Ministerial Meeting on Climate Change to discuss: the outcomes of the previous sessions of the Ad Hoc Working Group on the Durban Platform for Enhanced Action (ADP); the upcoming sessions of the ADP; and the elements of the expected Paris Agreement.

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