Latin America & the Caribbean

Sustainable Energy Finance Update: MDBs Boost African, Asian Energy Access and Building, Lighting Efficiency [viewed]

sustainable_energy_update1 August 2016: During the month of July, the International Energy Agency (IEA) released data demonstrating the growing market share of renewable energy, which has reached 13.8% of the world's primary energy supply and nearly a quarter of electricity production. Over the course of July, significant public investments in energy access, renewable energy and energy efficiency were announced, with financing for energy access largely focused on Asia and Africa, while renewable energy investments tended to be in Europe. The energy efficiency initiatives announced focused on the building and lighting sectors in a variety of countries.

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Multilateral Initiatives Advance Renewable Energy, Efficiency in the Caribbean, Asia [viewed]

cbd_ifc_irena_iea_unido28 July 2016: A number of capacity-building projects, including workshops and a new center in Asia, have been announced and are geared toward helping developing countries adopt and standardize energy efficiency measures and expand the reach of renewable energy. Recently published reports also have the potential to serve as resources for several countries as they move toward a cleaner energy future. These initiatives, as emphasized by their sponsors, are important for achieving the climate objectives in the Paris Agreement and the Sustainable Development Goal 7 (SDG) related to clean energy and energy access.

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G20 Finance Ministers Recognize Role of Green Investment for Sustainable Growth [viewed]

g20-201625 July 2016: The Group of 20 (G20) Finance Ministers and Central Bank Governors' July meeting addressed green and climate finance. During the meeting, the G20 Green Finance Study Group (GFSG) and Climate Finance Study Group (CFSG) presented their reports. In their final communiqué, the Ministers and Governors recognize the need to scale up green financing and express interest in promoting voluntary principles for green finance.

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23rd Session of FAO COFO Supports 'New Agenda for Forests' [viewed]

cofo2325 July 2016: Participants of the 23rd session of the Committee on Forestry (COFO) of the Food and Agriculture Organization of the UN (FAO), which convened in conjunction with the 5th World Forest Week, involved a series of discussions, events and publication launches under the theme, 'Shaping a new agenda for forests.'

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DCF Addresses Development Financing, Policy Instruments for 2030 Agenda, Paris Agreement [viewed]

ecosoc7022 July 2016: The 2030 Agenda for Sustainable Development and the Paris Agreement on climate change will require “an unprecedented multilateral cooperation,” underlined participants at the UN Economic and Social Council's (ECOSOC) fifth biennial high-level meeting of the Development Cooperation Forum (DCF). During the two-day meeting, representatives from governments, UN agencies, and civil society discussed the role of various types of development financing and related policy changes necessary for the implementation of the 2030 Agenda and other international agreements signed in 2015.

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Regional Dialogues on NDC Implementation Launched [viewed]

regional_dialogue19 July 2016: In the lead-up to the Marrakesh Climate Change Conference, a number of international partners and national governments are holding discussions on the next steps toward implementation of climate action plans, known as nationally determined contributions (NDCs) under the Paris Agreement. The first of these dialogues took place from 19-21 July 2016, in San José, Costa Rica, and analyzed Latin American and Caribbean NDCs.

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UNEP-IRP Warns Against Rising Natural Resource Use [viewed]

unep_irp20 July 2016: Increasing consumption intensified by a growing middle class has tripled primary materials extraction over the last 40 years, with the richest countries consuming around ten times as much as the poorest countries, according to a report published by the UN Environment Programme (UNEP)-hosted International Resource Panel (IRP).

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Montreal Protocol Parties Make Progress Towards HFC Amendment [viewed]

oewg3725 July 2016: Participants at a series of three meetings under the Montreal Protocol on Substances that Deplete the Ozone Layer discussed proposed amendments to phase down hydrofluorocarbons (HFCs), concluding work on generating solutions to the stated challenges contained in the Dubai Pathway on HFCs, with an agreement on possible funding solutions. However, Parties were unable to conclude all of their work, and suspended the 38th Open-Ended Working Group (OEWG 38).

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Terrestrial Ecosystems Finance Update: GEF Council Approves Work Program and Projects, Forest Finance in Focus [viewed]

terrestial_ecosystem_finance19 July 2016: Over recent months, the Global Environment Facility (GEF) Council and the governing bodies of the Climate Investment Funds (CIFs) met, adopting forest-related initiatives, including some of relevance to reducing emissions from deforestation and forest degradation in developing countries (REDD+). This Update covers these and other meetings related to the financing of activities on terrestrial ecosystems, as well as recent projects and publications in this area.

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National Leaders, Governments Send Mix of Signals on Paris Agreement Implementation [viewed]

Paris Agreement Implementation18 July 2016: As focus turns towards national implementation of the Paris Agreement on climate change, The Elders released a statement calling on governments to act in accordance with the Agreement's vision. The 'Elders Statement on Climate Change' was released in the context of the High-level Political Forum on Sustainable Development (HLPF), which met from 11-20 July 2016, in New York, US, to review national action towards the Sustainable Development Goals (SDGs). A number of recent news items on national climate action have implications for both the Paris Agreement and SDG 13 (Take urgent action to combat climate change and its impacts).

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