Near East

Event: World Green Economy Summit (WGES) 2016 [viewed]

The third annual World Green Economy Summit (WGES) will focus on the theme, 'Driving the Global Green Economy'. The WGES is an initiative by the Dubai Electricity & Water Authority and is held under the patronage of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President Prime Minister of UAE and The Ruler of Dubai and the Dubai Supreme Council of Energy, in cooperation with World Climate Ltd and WETEX. The UN Development Programme (UNDP) and International Renewable Energy Agency (IRENA) are institutional partners for WGES 2016. The programme will incorporate plenary sessions, breakout sessions and a expert-led presentations, addressing topics including: Green Finance; Solar Energy; Transforming cities through happy citizens; Post Paris Agreement on climate change / Road to UNFCCC COP22 in Marrakech; Thought Leadership for the Green Economy; and Public Private Partnerships.  

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2015 Climate Finance by MDBs at US$25 Billion [viewed]

2015_climate_finance9 August 2016: In 2015, six multilateral development banks (MDBs) jointly committed more than US$25 billion in climate finance. According to the '2015 Joint Report on Multilateral Development Banks' Climate Finance,' in addition, a total of US$55.7 billion were committed in co-finance, raising the total to US$80.8 billion. The sum committed in 2015 by the six MDBs represents an 11% drop compared to climate financing commitments in 2014, at US$28.3 billion, but is above 2013 levels (US$23.8 billion). The 2014 report (published in 2015) did not include data for co-financing.

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Adaptation and Loss and Damage Update: Heat-Related Deaths to Increase, Children and the Poor Most Climate Vulnerable [viewed]

adaptation and loss update8 August 2016: As reports of new temperature extremes exceeding the 50°C mark continue to come in, further climate change-related concerns have been voiced by the UN community. The UN Office for Disaster Risk Reduction (UNISDR) has expressed concern over a potential rise in deaths precipitated by heat. The UN Children's Fund (UNICEF) and the World Bank have cautioned that children and the world's poor are among those disproportionately affected by climate change. The Food and Agriculture Organization of the UN (FAO), the UN Economic Commission for Latin America and the Caribbean (ECLAC) and others have emphasized climate change impacts on food security. On the policy side, the Adaptation Committee (AC) and the Least Developed Countries (LDC) Expert Group (LEG) have issued a call for submissions from Parties and stakeholders on their Paris mandates.

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City Initiatives Contribute to SDG 11 [viewed]

unhabitat_idb_unce_itu1 August 2016: The UN and partners have developed and launched programmes and initiatives to make cities smarter and more sustainable, including the United for Smart Sustainable Cities Initiative (U4SSC) and a pilot project to monitor urban-environment related Sustainable Development Goals (SDGs). The Inter-American Development Bank (IDB) launched a guide to promote smart city management. These actions aim to contribute to SDG 11 (Make cities and human settlements inclusive, safe, resilient and sustainable).

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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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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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Energy Initiatives Reduce Emissions, Increase Access to Modern, Efficient Technology [viewed]

Energy Initiatives Reduce Emissions20 July 2016: Announcements from various intergovernmental organizations over recent weeks hold promise for reducing emissions from the energy sector and increasing participation in the energy economy. Whether toolkits guiding decision makers on energy-related issues or technological analysis, the initiatives described below contribute to the implementation of both the Paris Agreement and Sustainable Development Goals (SDGs) 7 (Ensure access to affordable, reliable, sustainable and modern energy for all) and 13 (Take urgent action to combat climate change and its impacts).

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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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