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August 2016 Climate Finance Update: Readiness, Simplified Access to Finance in the Spotlight; Caribbean Disaster Resilience and Relief Gets Support

august_climte_update30 August 2016: During the month of August, the focus of multilateral climate financing activities turned to the South, with a number of high-level meetings and technical workshops focusing on access, readiness and the special circumstances of vulnerable developing countries. The Green Climate Fund (GCF) signed its first disbursement agreement and the Adaptation Fund reported a record level of requested support.

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Investors Call on G20 Leaders to Ratify Paris Agreement, Price Carbon, Disclose Climate Risks

investorsonclimatechange24 August 2016: A coalition of six organizations representing 130 investors wrote a letter to the Heads of State of the Group of Twenty (G20), offering six recommendations on how to catalyze the investments needed to achieve the goals of the Paris Agreement on climate change. The signatories call on the G20 Governments to ratify the Paris Agreement, double investment in clean energy, tighten climate disclosure mandate, provide meaningful carbon pricing and phase out fossil fuel subsidies.

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Bahamas Ratifies Paris Agreement

bahamas22 August 2016: The Government of the Bahamas deposited its instrument of ratification of the Paris Agreement with the UN on 22 August. This latest ratification brings the total number of Parties to the UNFCCC that have deposited their instruments of ratification, acceptance or approval to the Agreement to 23. In total, these countries represent 1.08% of global greenhouse gas (GHG) emissions.

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Transparency and Compliance Update: Final Reports on Developed Countries' Kyoto Protocol Compliance, 2014 GHG Emissions Released

UNFCCC25 August 2016: During the month of August, the UNFCCC Secretariat released a compilation of developed country Parties' greenhouse gas (GHG) emissions based on their latest inventory submissions for 2014, as well as the final compliance reports for the first commitment period (CP1), 2008-2012, of the Kyoto Protocol. In addition, a number of updates on national reporting from Parties on their climate change action, including status reports on GHG inventories and the reports of the technical review of second Biennial Report (BR2) submissions, were published.

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Capacity Building and Technology Update: Technology Action Plan Guidance Enhances Paris Agreement Implementation

capacity_building_technology21 August 2016: In Paris, the Conference of the Parties (COP) to the UNFCCC requested the Subsidiary Body for Scientific and Technological Advice (SBSTA) to initiate the elaboration of the technology framework established under the Paris Agreement, which, among other things, should facilitate the undertaking and updating of technology needs assessments (TNAs), as well as the enhanced implementation of their results. An enhanced guidance issued by the Technology Executive Committee (TEC) for preparing a technology action plan (TAP) supports the new technology framework as well as Parties' long-term vision on technology development and transfer reflected in the Paris Agreement.

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Draft Outline for IPCC Special Report on Impacts of 1.5°C Warming Agreed

IPCC18 August 2016: Approximately 85 experts and members of the Bureau of the Intergovernmental Panel on Climate Change (IPCC) have produced a draft outline for the 'Special Report on the Impacts of Global Warming of 1.5°C above Pre-Industrial Levels and Related Global Greenhouse Gas Emission Pathways in the Context of Strengthening the Global Response to the Threat of Climate Change, Sustainable Development and Efforts to Eradicate Poverty.'

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Mitigation Update: Sustainable Energy Systems Examined, Mexico to Launch ETS Pilot

mitigation_update17 August 2016: Recent weeks have brought news about our energy system as it grows and changes. A report on integrating solar and wind into the grid calls for taking whole system value into account. Kenya's counties are preparing and planning for sustainable energy systems, and solutions in the information and communications technology (ICT) sector are being highlighted. This Update also includes news on two approaches to mitigating greenhouse gases (GHGs) – through emissions trading in Mexico and peatlands in Mongolia.

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Climate Vulnerable Forum Inaugurates South-South Centre, Ethiopian Presidency

cvf15 August 2016: Addressing the Climate Vulnerable Forum (CVF) for the first time in his capacity as Chair, Shiferaw Teklemariam Menbacho, Minister of Environment, Forestry and Climate Change of Ethiopia, stressed that the 43 highly vulnerable member countries of the CVF strive to develop their economies, yet "continue to be faced with serious, devastating and unforeseeable challenges" that hinder progress toward "inclusive and sustainable development."

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2015 Climate Finance by MDBs at US$25 Billion

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

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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Mitigation Update: Cities Intensify Climate Action; IMO, ICAO Take Steps to Enable Mitigation Policies

cdp_unfccc_imo_icao_mrv4 August 2016: The year 2015 has been confirmed as the hottest on record since at least the mid-to-late 1800s, according to the American Meteorological Society (AMS). The 'State of the Climate in 2015' report published in the Bulletin of the AMS notes the combined effect of long-term global warming and a very strong El Niño effect, and reports record-high sea levels, upper ocean heat content, global sea surface temperatures, global surface temperatures, and major greenhouse gas (GHG) concentrations.

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Peru, Cameroon, Democratic People's Republic of Korea Ratify Paris Agreement

peru_cameroon_korea 3 August 2016: The Governments of Peru, Cameroon and the Democratic People's Republic of Korea have deposited their instruments of ratification of the Paris Agreement with the UN on 25 July, 29 July and 2 August, respectively. With these three ratifications, a total of 22 Parties to the UNFCCC have ratified the Agreement, representing 1.08% of global greenhouse gas (GHG) emissions.

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COP 22 Provisional Agendas Released

UNFCCC3 August 2016: From 7-18 November 2016, in Marrakesh, Morocco, the Conference of the Parties to the UNFCCC (COP) will convene for the first time since it adopted the Paris Agreement in December 2015. In addition to the 22nd session of the COP (COP 22), the 12th session of the Conference of the Parties serving as the Meeting of the Parties to the Kyoto Protocol (CMP 12), the 45th sessions of the Subsidiary Body for Scientific and Technological Advice (SBSTA 45) and of the Subsidiary Body for Implementation (SBI 45), as well as the second part of the first session of the Ad Hoc Working Group on the Paris Agreement (APA 1-2) will take place during the Marrakesh Climate Change Conference. The UNFCCC Secretariat has recently released the provisional agendas for all five of these meetings.

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Transparency and Compliance Update: Reports on GHG Inventory Status, BR2 Technical Review Released

unfccc_mrv1 August 2016: Over the last month, the UNFCCC Secretariat has released updates on national reporting from Parties on their climate change action, including status reports on greenhouse gas (GHG) inventories and reports of the technical review of second Biennial Report (BR2) submissions. Also in July, the International Partnership on Mitigation and MRV (measurement, reporting and verification) reported on its 20th jubilee event, where Parties to the UNFCCC and other stakeholders shared views on differentiation under the enhanced transparency framework of the Paris Agreement.

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July 2016 Climate Finance Update: Meetings Call for Access, Mobilization, Scaling Up

july2016_finance1 August 2016: During the month of July, a number of high-level meetings highlighted the need for enhanced focus on climate finance. Resilience and disaster recovery projects in Asia and Africa received new financing. Climate funds launched calls for readiness and private sector support projects, and a number of entities reported on lessons learned from climate finance in agriculture, forests, gender mainstreaming and regional resilience investment planning.

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G20 Finance Ministers Recognize Role of Green Investment for Sustainable Growth

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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Regional Dialogues on NDC Implementation Launched

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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Adaptation and Loss and Damage Update: Climate Trends Break Records, DRR Efforts Focus on Human Health

wmo_unisdr_unu_undp_unep_unfccc_iom27 July 2016: As global average temperatures reach unprecedented highs, climate change adaptation efforts around the globe concentrate on disaster risk management (DRM), public health issues, national adaptation planning and climate change-induced migration, among other issues. The recent developments reported in this Update contribute to the implementation of the Sustainable Development Goals (SDGs), particularly SDG 13 (Take urgent action to combat climate change and its impacts), SDG 3 (Ensure healthy lives and promote well-being for all at all ages) and SDG target 10.7 on migration and mobility, including the implementation of planned and well-managed migration policies.

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

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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Capacity Building and Technology Update: TEC Highlights 20 Years of Technological Assistance; Capacity-Building Activities Focus on DRR, Combating Desertification

technologyupdate15 July 2016: The past weeks' activities under and outside the UNFCCC sought to build developing countries' capacity on climate change adaptation, disaster risk management (DRM) and other climate change-related issues, and to identify additional opportunities with regard to capacity building, and technology development and transfer.

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