Near East

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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At Learning Event, HLPF Participants Share Experiences in SDG Implementation [viewed]

unitar_undesa15 July 2016: Participants shared national experiences in implementing the 2030 Agenda for Sustainable Development and the Sustainable Development Goals (SDGs), and discussed possible mechanisms for follow-up and review, at a series of eight short courses organized as part of the ‘SDGs Learning, Training and Practice.' The event, which took place alongside the 2016 session of the High-level Political Forum on Sustainable Development (HLPF) aimed to provide a strategic vision and practical knowledge on how to find sustainable, effective solutions for communities.

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UNEP Inquiry Highlights Green Finance in 13 Developing Countries [viewed]

UNEP Logo18 July 2016: The UN Environment Programme (UNEP) Inquiry into the Design of a Sustainable Financial System has published a report highlighting the diverse experiences of 13 developing countries in directing finance toward sustainable development aims. Launching the report to coincide with the 2016 session of the UN High-level Political Forum on Sustainable Development (HLPF), UNEP emphasized the need for financing at the level of US$5-7 trillion each year to implement the Sustainable Development Goals (SDGs).

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Event: MedCOP Climate 2016 [viewed]

MedCOP Climate 2016 will be held in advance of the 22nd session of the Conference of the Parties to the UNFCCC (COP 22), and aims to: contribute to international efforts to fight climate change from a regional perspective; act as a platform for dialogue and consultation among stakeholders across the Mediterranean region; strengthen solidarity among stakeholders; and determine best practices and innovative mechanisms for changing individual and collective behaviors. The meeting will bring together approximately 2000 representatives from 22 Mediterranean countries, the private sector, civil society, and regional and international organizations to: highlight existing climate initiatives in the region; formulate innovative ideas through local, national and regional networks; enable stakeholders to present and discuss the development of their projects; and raise awareness regarding the benefits of and need for climate action in the Mediterranean region. MedCOP 2016 also aims to: monitor commitments approved during the first MedCOP, held in Marseille, France, in June 2015; affirm the relevance of the Mediterranean dimension in combating climate change; and prepare a Mediterranean action plan, enabling the implementation of a mitigation and adaptation roadmap. The conference is organized by the Government of Morocco, the Union for the Mediterranean, and the COP 21 and COP 22 Presidencies, among others. The MedCOP convenes every year in advance of the UNFCCC COP.  

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In FY16, World Bank Provides Over US$61 Billion [viewed]

world_bank_new12 July 2016: The World Bank Group's (World Bank) commitments rose to over US$61 billion in loans, grants, equity investments and guarantees to countries and private businesses in fiscal year 2016 (FY16), according to a World Bank press release. This financing includes support for climate change and a continued focus on sub-Saharan Africa, which remains a top priority with commitments to countries reaching US$12.5 billion in FY16.

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UNSG Candidates Highlight Gender, UN Reform, Inclusiveness [viewed]

United Nations12 July 2016: UN General Assembly (UNGA) President Mogens Lykketoft held a Townhall event for candidates for the position of next UN Secretary-General to discuss their vision. The event was globally televised live by Al Jazeera Media Network. Ten of the 12 current candidates participated, discussing the challenges and opportunities facing the UN, and taking questions from UN Member States and the public, both from the floor and via video.

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