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Policy Brief: Carbon Floor Pricing: Can Discourse Improve Carbon Markets?

Climate Change Policy & Practice - Fri, 07/06/2018 - 01:49
Market-based Emissions Trading Schemes (ETS) face several risks that can compromise their effectiveness, including a market price that is too low to act as an incentive for emissions reductions. Several EU members are considering implementing carbon pricing floors (CPFs) to address this risk. The proposal has triggered a debate on whether such minimum prices are desirable and how they can best be implemented.

Climate Adaptation Finance Update: Insurance Industry Adopts Development Goals

Climate Change Policy & Practice - Fri, 07/06/2018 - 01:47
ICLEI World Congress 2018 launched the Insurance Industry Development Goals for Cities to help achieve SDG 11. The World Bank and GFDRR issued a report, finding that global average losses from disasters could be cut by US$173 billion. Kenya received a US$200 million IDA credit for DRM. The IDB provided the Bahamas with a US$100 million contingent loan to strengthen the country’s natural disaster risk financing plan.

Report Finds Increasing Cost of Capital in Developing Countries Due to Climate Change

Climate Change Policy & Practice - Fri, 07/06/2018 - 01:42
A report commissioned by the UN Environment Programme and authored by researchers from Imperial College Business School and SOAS University of London examines the relationship between climate change, sovereign credit profiles and cost of capital in developing countries. The report defines and distinguishes between climate impacts, climate vulnerability and climate risks. Country case studies identify economic and climate vulnerabilities, and summarize adaptation initiatives to increase resilience.

ECOSOC Commissions Share Input for 2018 HLPF

Climate Change Policy & Practice - Fri, 07/06/2018 - 01:40
ECOSOC hosted an interactive panel discussion with representatives from functional commissions, who shared discussions and outcomes from the work of their Commissions with relevance for the 2018 HLPF and the SDGs. Many panelists underscored the importance of gender-responsive implementation of the 2030 Agenda to achieve all of the SDGs, with speakers highlighting the relationship between the empowerment of women and girls and the work of their respective commissions.

UN Grapples with Intensified Urban Challenges, Oversight Needs for UN-Habitat

Climate Change Policy & Practice - Fri, 07/06/2018 - 01:37
A report of progress in implementing the New Urban Agenda (NUA) observes that “many lessons, challenges and opportunities have become apparent in the 18 months” since the Agenda’s adoption. The report was presented to ECOSOC, which considered progress in the NUA’s implementation and monitoring. In addition, an open-ended working group issued recommendations on strengthening Member States’ oversight of UN-Habitat.

UNEP Publication Explores Legal Aspects of National Biodiversity Strategies and Action Plans (NBSAPs)

Climate Change Policy & Practice - Fri, 07/06/2018 - 01:32
The publication titled, 'Law and National Biodiversity Strategies and Action Plans,’ provides options for enhancing legal preparedness in revising and implementing NBSAPs and the Strategic Plan for Biodiversity 2011–2020, and in achieving the Aichi Biodiversity Targets. The report makes a case for replacing narrow sectoral perspectives with a broader cross-sectoral focus on biodiversity and ecosystems, and widening the scope of NBSAPs to include the concept of sustainable development.

Expert Dialogue Explores Biodiversity, Human Security Links

Climate Change Policy & Practice - Fri, 07/06/2018 - 01:28
The UN Environment Management Group (EMG) published the summary of a Nexus Dialogue that explored the importance of biodiversity in supporting human security and well-being. Dialogue participants made a series of recommendations including, inter alia, urgently stepping up the integration of biodiversity in policy; ensuring stronger political support for biodiversity within the 2030 Agenda; and finding effective ways to deliver multiple benefits while addressing trade-offs.

Polynesian Leaders Issue Declaration on Climate Change and Oceans

Climate Change Policy & Practice - Fri, 07/06/2018 - 01:25
Leaders from American Samoa, Samoa, Tokelau, Tonga, Tuvalu and the Territorial Assembly of Wallis and Futuna met to discuss the impacts of climate change in Polynesia. They produced a declaration addressing the impacts of climate change, GHG emission reductions, climate change displacement and security, climate change finance, climate change and the marine environment, and regional initiatives.

Institutional Finance Update: Investment in Sustainable Infrastructure Furthers Climate Action

Climate Change Policy & Practice - Fri, 07/06/2018 - 01:18
As part of the next long-term EU budget 2021-2027, the European Commission proposed to renew the Connecting Europe Facility, with €42.3 billion to support investments in the European infrastructure networks, including for transport and energy. The IDB, through its private sector institution, IDB Invest, and the Brazilian Development Bank announced an alliance for the creation of an infrastructure credit fund for up to US$1.5 billion. IFC and the Government of Canada formed a partnership to use public funds to unlock much larger amounts of private funds for investment in climate solutions worldwide.

SDG-Tracker.org Releases New Resources

Climate Change Policy & Practice - Fri, 07/06/2018 - 01:12
Our World in Data, an online publication by the Oxford Martin Programme on Global Development at the University of Oxford, has issued an update to its SDG Tracker. The tool aims to provide a clearer understanding of the Goals, targets and indicators and the “respective data used to track our progress on them”. A color-coded matrix on the site displays data availability for all 232 of the official SDG indicators, and users are invited to notify the project about data sources.

FAO and Norway to Scale Up Forest Monitoring Platform

Climate Change Policy & Practice - Fri, 07/06/2018 - 01:10
FAO and Norway are collaborating to enhance the scope and power of an open-access forest monitoring program, building on FAO's partnership with Google. The platform is expected to support countries in monitoring and reporting on forests and land use, as well as in monitoring progress towards the SDGs and the Paris Agreement.

Ontario to Cancel Carbon Pricing as EU, New Zealand and Massachusetts Move Forward with New Initiatives

Climate Change Policy & Practice - Fri, 07/06/2018 - 01:09
Ontario’s Premier Doug Ford has indicated he will cancel the province’s cap-and-trade system and challenge federal authority to impose carbon tax. Carbon pricing initiatives and debates resume in the US. Ministers at the Petersberg Climate Dialogue emphasize the use of green bonds, carbon pricing and de-risking instruments as well as the need to reassess subsidies. EU Member States are considering introducing carbon price measures, such as EU-wide or national carbon pricing floors.

Uganda Releases First NDC Partnership Plan for Climate Action in Africa

Climate Change Policy & Practice - Fri, 07/06/2018 - 01:06
Uganda’s NDC Partnership Plan focuses on creating an enabling environment for NDC implementation, effective coordination and prioritization, and monitoring and reporting on climate actions. The Plan identifies five priority areas for NDC implementation, including increased climate financing, and effective and institutionalized MRV systems to monitor emissions and gender-responsive adaptation measures. Uganda was one of the first African countries to join the NDC Partnership.

14 EU Ministers Issue Statement on EU’s Long-Term Strategy, Climate Ambition

Climate Change Policy & Practice - Fri, 07/06/2018 - 01:02
Ministers from Belgium, Denmark, Estonia, Finland, France, Germany, Italy, Luxembourg, the Netherlands, Portugal, Slovenia, Spain, Sweden and the UK issued a statement inviting the European Commission to present a proposal for a long-term climate strategy consistent with the Paris Agreement. According to the ministers, the strategy should be based on the latest available science and provide direction for European climate action and predictability for local governments, households, the private sector and financial institutions. The statement urges the EU to consider announcing at COP 24 its readiness to update its NDC by 2020.

23 Countries Issue a Call for Increased Ambition on Climate Change

Climate Change Policy & Practice - Fri, 07/06/2018 - 00:59
The signatories call on the UN Secretary-General to focus his September 2019 Climate Summit on the need for countries to set long-term low-emission development strategies, including pathways consistent with the Paris Agreement on climate change, to reach net zero emissions. President of the Marshall Islands, Hilda Heine, said the UN Secretary-General’s 2019 Climate Summit represents the most significant political opportunity to step up ambition and encourage countries to put new emission reduction targets on the table.

ICLEI Adopts New Strategy for Climate Action and Sustainability

Climate Change Policy & Practice - Fri, 07/06/2018 - 00:37
The ICLEI World Congress emphasized that building sustainable cities will help realize the SDGs, particularly SDG 11 (sustainable cities and communities), which can be used as a “central lever” to advance all 17 SDGs. The ICLEI Montreal Commitment and Strategic Vision 2018-2024 lays out five interconnected pathways towards low emission, nature-based, circular, resilient and equitable and people-centered development. The document focuses on systems thinking, which highlights the complex relationship among urban systems and emphasizes an integrated approach to policy and planning.

Index, Portal Provide Insights on Aid Transparency

Climate Change Policy & Practice - Fri, 07/06/2018 - 00:36
The 2018 Aid Transparency Index ranks donors based on their organizational planning and commitments; finance and budgets; project attributes; joining up development data; and performance. The Asian Development Bank and UN Development Programme rank highest, being the only two institutions publish on all indicators in the International Aid Transparency Initiative Standard. Two accompanying briefs summarize findings for five US organizations and 19 European organizations.

World Bank Paper Tests Methodology for Prioritizing SDGs, Indicators

Climate Change Policy & Practice - Fri, 07/06/2018 - 00:28
A paper authored by staff from the World Bank Group explains the concepts of SDG proximity, centrality and density to help countries prioritize action on specific Goals and SDG indicators. The most "central" indicators focus on energy access and use of improved drinking water sources, while the least "central" areas include poverty and climate action. The authors caution against "writing off" an SDG or indicator as irrelevant simply because it features limited connections.

22 Cities Issue a Declaration to Foster Cooperation towards SDGs, Paris Agreement

Climate Change Policy & Practice - Fri, 07/06/2018 - 00:24
The Tokyo Declaration on Realization of Clean Cities and Clear Skies, which emanated from a Forum by the same name, recognizes the role of cities in achieving the SDGs, featuring initiatives on food waste, recycling, air quality and health. The Declaration follows the concept of “mottainai,” the Japanese for “too precious to waste,” and calls on participating cities to share best practices, in partnership with international institutions. The Tokyo Forum for Clean City and Clear Sky included discussions on the role of cities in aiming for a sustainable urban environment; cooperation among cities to improve waste management; challenges for clean air and healthy cities; and global partnerships for sustainable urban environments.

Congress Highlights Bamboo and Rattan’s Contribution to SDGs

Climate Change Policy & Practice - Wed, 07/04/2018 - 01:53
The Global Bamboo and Rattan Congress 2018 (BARC 2018) showcased new and emerging technologies for processing and using bamboo fiber and composite materials, highlighting its potential as a renewable natural resource. Congress participants emphasized how bamboo and rattan can contribute to the SDGs on: no poverty (SDG 1); affordable and clean energy (SDG 7); sustainable cities and communities (SDG 11); responsible consumption and production (SDG 12); climate action (SDG 13); life on land (SDG 15); and partnerships for the Goals (SDG 17). INBAR announced outcomes of BARC 2018 at the end of the conference, including several project agreements and upcoming meetings.