newga-climate-jan16
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Selection of Future UNEP, UNFCCC Leaders Announced[viewed]

UN Secretary-General Ban Ki-moon has announced his intention to appoint Patricia Espinosa (Mexico) as the next Executive Secretary of the UN Framework Convention on Climate Change (UNFCCC), and Erik Solheim (Norway) as the Executive Director of the UN Environment Programme (UNEP).

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Sustainable Energy Finance Update: Public Finance Leverages Private Flows to Renewables[viewed]

Universal access to affordable, reliable, sustainable and modern energy, one of the stated Sustainable Development Goals (SDGs) agreed last year, starts with access to finance. Looking at the sustainable energy finance news coming out of April, a number of initiatives went beyond simply funding projects. They also built the capacity of developing country governments and companies to develop energy efficiency, energy access and renewables projects that will qualify for finance. Similarly, much of the finance was intended to make projects more attractive for private sector financing as well, compounding the impact of public funds.

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INDC Analyses Show Improvement, Need for Radical Action[viewed]

The UNFCCC Seceretariat has released an updated synthesis report outlining the aggregate effect of the intended nationally determined contributions (INDCs) submitted by 189 Parties as of 4 April 2016. The report finds that full implementation of both the conditional and unconditional actions outlined in the INDCs would result in total aggregate global emission levels of 55 (51.4-57.3) Gt carbon dioxide (CO2)-equivalent (eq) in 2025 and 56.2 (52-59.3) Gt CO2-eq in 2030. While this emissions trajectory does show an improvement over likely pre-INDC scenarios, it is far from those consistent with the goal of limiting warming to 2°C or 1.5°C above pre-industrial levels.

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Mitigation Update: Saudi Arabia Adopts Vision 2030; Transport Goes Emissions-Free[viewed]

Recent news offers a glimpse of what the world might look like beyond fossil fuels. Oil superpower Saudi Arabia has announced a new strategy for its economy that aims at diversifying away from hydrocarbons, France is planning to set a price floor for carbon emissions, and emissions-free aviation is looking closer to reality. Transport on the ground is also going emissions-free in various parts of Europe. These various initiatives are contributing to countries' fulfillment of their commitments under the Paris Agreement, as well as 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 effects).

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April 2016 Climate Finance Update: Key Meetings Mobilize Action, Adaptation Put under the Spotlight[viewed]

In the Paris Agreement, agreed upon by 195 UN Member States in December 2015, countries agreed to make “finance flows consistent with a pathway towards low greenhouse gas (GHG) emissions and climate-resilient development.” Developing countries will receive financial resources for both mitigation and adaptation actions, while developed countries are expected to continue to lead in mobilizing climate finance from a variety of sources, with public funds playing a significant role in reaching the previously agreed US$100 billion annual target by 2020. Monthly IIDS RS Climate Finance Updates aim to help track multilateral financing to support the finance goal agreed under the UNFCCC, which will in turn contribute to the implementation of Sustainable Development Goal (SDG) 13 (Take urgent action to combat climate change and its impacts).

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OECD Factbook Reports on Economic, Social and Environmental Indicators[viewed]

The Organisation for Economic Co-Operation and Development (OECD) released its annual statistical publication, the OECD Factbook 2015-2016. The Factbook provides statistical data on almost 100 indicators on population, economic production, household income and wealth, globalization, prices, energy and transportation, labor, environment and science, education, government and health. The Factbook reports data on all OECD countries and, where available, for Brazil, China, India, Indonesia, Russia, and South Africa.

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Major Economies Forum Considers Paris Agreement Implementation[viewed]

Two days after 175 Parties to the UNFCCC signed the Paris Agreement, the Major Economies Forum on Climate and Energy (MEF) met in New York, US, and contemplated how to continue the momentum ushered in by the adoption of the Agreement by the 21st session of the Conference of the Parties to the UNFCCC (COP 21). The 24 April meeting was the first time the MEF, which includes the world's largest emitters, convened since the Agreement was adopted in December 2015.

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Outlook on Green Finance: Impetus Grows for Carbon Pricing, Clean Energy[viewed]

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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Event: 2016 Policy Dialogue on Energy for Sustainable Development in Asia and the Pacific[viewed]

This policy dialogue, organized by the UN Economic and Social Commission for Asia and the Pacific (ESCAP), is expected to: identify driving forces shaping the energy agenda; increase understanding of the underlying issues relevant to energy security and sustainable energy use; and strengthen linkages between implementation of the Asian and Pacific Energy Forum (APEF) Plan of Action and other initiatives and frameworks, in particular the Sustainable Development Goals (SDGs) and the Paris Agreement.

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Event: Second Stakeholder Forum of the Africa-EU Energy Partnership (AEEP) (SDEP2)[viewed]

The Second Stakeholder Forum of the Africa-EU Energy Partnership (AEEP) will be hosted jointly by the Italian Government, the African Union Commission (AUC) and the European Union Commission (EC).

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