Latin America & the Caribbean

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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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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FAO and Google Advance Data Access for Sustainable Land and Forest Management [viewed]

fao_google15 April 2016: The Food and Agriculture Organization of the UN (FAO) and Google have agreed that the initial focus of their three-year collaborative programme will be on building national capacity to undertake forest and food crop cover assessments. Launched in December 2015, the partnership aims to make geospatial tracking and mapping products more accessible, assist countries in tackling climate change, and build the capacity of national experts to contribute to sustainable development planning.

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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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Vulnerable Countries Urge Financial Responses to Climate Change Consistent with 1.5°C Limit [viewed]

v2014 April 2016: Finance ministers of the Vulnerable Twenty (V20) Group consisting of 43 developing countries 'systemically' vulnerable to climate change have agreed to advance climate change responses through financial action compatible with the goal of keeping the global temperature rise below 1.5°C above preindustrial levels, calling for swifter progress towards the developed countries' commitment of US$100 billion annually.

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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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February-April 2016 NAMA Update: NAMAs Receive Growing Attention as Implementation Tools Post-Paris [viewed]

feb_nama_update201615 April 2016: Nationally appropriate mitigation actions (NAMAs) by developing countries, first introduced in the UN Framework Convention on Climate Change (UNFCCC) Cancun Agreements, are becoming an increasingly important vehicle supporting the implementation of the Paris Agreement, with significant co-benefits for the 2030 Agenda for Sustainable Development due to their alignment with national development strategies. This update focuses on individual NAMAs, and related support, events and activities, for the period from mid-February 2016 to mid-April 2016.

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