Northern America

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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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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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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Spring Meetings Address Humanitarian-Development Link [viewed]

wb_imf17 April 2016: The refugee crisis, a slowing economy and other global challenges were in focus for the central bankers, ministers of finance and development and civil society representatives participating in the 2016 World Bank Group - International Monetary Fund (IMF) Spring Meetings.

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ICAO's 2016 GLADs Collect Feedback on Proposed Global Market-Based Measure Scheme [viewed]

Icao8 April 2016: During a second round of Global Aviation Dialogues (GLADs) on market-based measures (MBM) to address climate change, the International Civil Aviation Organization (ICAO) has presented draft Assembly resolution text to member States and other stakeholders in the five ICAO regions. Each GLAD provided participants the opportunity to learn about the design elements and implementation mechanisms of the MBM draft resolution text and to offer initial feedback during discussions.

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Renewable Energy Outlook: Share of Renewables Hits Record High in 2015, a Trend that Could Save Trillions [viewed]

irena_iea_ren21_eea13 April 2016: Two reports recently published by the International Renewable Energy Agency (IRENA) indicate that the world can save over US$4 trillion annually by 2030 if the share of renewables in the global energy mix were to double, also by 2030, and that renewable generation capacity has been on the rise, with 2015 marking the highest annual growth rate. While an International Energy Agency (IEA) Energy Business Council meeting examined the global post-Paris energy landscape, regional developments included: a decline of fossil fuel use across the European Union (EU); electricity generation from wind and solar rising by 16% in the countries that make up the Organisation for Economic Co-operation and Development (OECD); and the launch of an interactive Southern African Development Community (SADC) map designed to help meet the region's energy needs and increase the deployment of renewable energy and energy efficiency.

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Adaptation and Loss and Damage Update: Adaptation Committee and LDC Expert Group Begin Work under Paris Mandate, Climate Change Adaptation, DRR and Sustainable Development Interlinkages Come to the Fore [viewed]

unfccc_unu_undp_une-_wcmc9 April 2016: Alongside the long-term goal of limiting temperature increase to well below 2°C above pre-industrial levels by 2100, the Paris Agreement on climate change includes a long-term adaptation goal, namely that of "enhancing adaptive capacity, strengthening resilience and reducing vulnerability to climate change, with a view to contributing to sustainable development and ensuring an adequate adaptation response in the context of the temperature goal." Furthermore, the vast majority of national climate plans submitted in advance of Paris (or Intended Nationally Determined Contributions (INDCs)) included descriptions of countries' adaptation goals, priorities, actions and needs. This Adaptation Update is the first in a series that aims to track the implementation of the adaptation component of these INDCs, and progress towards the long-term adaptation goal of the Paris Agreement. The activities reported in this Update also contribute to the implementation of the Sustainable Development Goals (SDGs), especially SDG 13 (Take urgent action to combat climate change and its impacts), as well as SDG 1 (End poverty in all its forms everywhere), SDG 5 (Achieve gender equality and empower all women and girls) and SDG 10 (Reduce inequality within and among countries).

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Implementation Update: Momentum Builds Ahead of Paris Agreement Signing Ceremony [viewed]

UNFCCC8 April 2016: This Implementation Update report summarizes activities by UNFCCC Parties related to the fulfillment of their commitments, especially following the adoption in 2015 of the Paris Agreement and in the context of the Sustainable Development Goals (SDGs). Recent news includes actions taken by the UNFCCC Secretariat to support implementation, announcements by Parties of their intention to sign or ratify the Paris Agreement, and efforts by Canada, the US and Thailand aimed at accelerating climate action.

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