COP23 Launches

26/11/2017

As ever at COP, there were scores of announcements of launches of all kinds (some possibly relaunches…)  This digest of some of the more noteworthy comes thanks to the Climate Briefing Service.


  • Two developments in climate risk insurance: the “InsuResilience” initiative has announced the launch of its Global Partnership for Climate and Disaster Risk Finance and Insurance Solutions, bringing together G20 countries in partnership with the V20 nations. Meanwhile, the UNFCCC launched the Clearing House for Risk Transfer, a repository of information on insurance and risk transfer.
  • Germany commits €50m for the Adaptation Fund and €50m to the LDC Fund
  • The Solar Heads of State program sees countries moving on solar power implementation
  • The EU and California announced efforts to boost carbon trading cooperation
  • 19 private investors have earmarked $2.1bn to restore degraded lands in Latin America
  • Michael Bloomberg committed an additional $50mn for closing coal plants in Europe
  • The European Investment Bank will invest 405mn USD to a water resiliency scheme in Fiji
  • 25 cities commit to become emissions neutral by 2050 to deliver on their share of the Paris Agreement
  • Canada, Mexico and the US Climate Alliance will launch a new North America Climate Leadership dialogue to support clean growth in the region
  • Germany supports the Marshall Islands on low emissions maritime shipping with 9.5mn EUR 
  • The NAMA Facility launched its biggest-ever funding call as EU donors collectively provided a record €85 million to help the mitigation mechanism transition into the Paris-era
  • The European Investment Bank and Caribbean Development Bank announced a $24 million reconstruction loan for hurricane-hit Caribbean islands
  • A new US regional stakeholder process was launched to pursue of policies to reduce emissions in the transportation sector
  • As of 19 September 2017, 82 Parties have deposited their instrument of acceptance for the Doha Amendment. More countries are expected to announce their ratification at COP23.
  • The IEA has launched the Clean Energy Transitions Programme, a multi-year EUR 30 million plan to support clean energy transitions around the world. The programme includes contributions from Canada (CAD 1 million), Denmark (DKK 25 million), the European Commission (EUR 3.5 million), Germany (EUR 6 million), Sweden (EUR 5.2 million), Switzerland (CHF 1 million), and the United Kingdom (GBP 8 million).
  • The Climate Summit of Local and Regional Leaders at COP23 saw mayors from 25 cities pledge to put in place climate action plans by 2020 with the aim of cutting emissions to net zero by 2050. The event also launched a new global standard for measuring and reporting emissions from cities and local governments.
  • A new US regional stakeholder process was launched to pursue of policies to reduce emissions in the transportation sector
  • UNEP and the World Bank launched a roadmap for a sustainable financial system. The report proposes an integrated approach for both public and private financial sector stakeholders to accelerate the transformation towards a sustainable financial system.
  • Two developments in climate risk insurance: the “InsuResilience” initiative has announced the launch of its Global Partnership for Climate and Disaster Risk Finance and Insurance Solutions, bringing together G20 countries in partnership with the V20 nations. Meanwhile, the UNFCCC launched the Clearing House for Risk Transfer, a repository of information on insurance and risk transfer
  • The Netherlands officially launched the Global Centre of Excellent on Climate Adaptation.
  • Germanwatch launched its annual Climate Change Performance Index 2017, comparing the top 58 CO2 emitting nations. Sweden performed best, while Saudi Arabia ranked last.
  • The joint UK-Canada “Powering Past Coal” alliance launched. The alliance is currently made up of 20 countries (Austria, Angola, Belgium, Canada, Costa Rica, Denmark, El Salvador, Fiji, Finland, France, Italy, Luxembourg, Marshall Islands, Mexico, Netherlands, New Zealand, Niue, Portugal, Switzerland, United Kingdom) and 6 regions (Alberta, British Columbia, Ontario, Québec, Vancouver and Washington).
  • UNDP, Germany, Spain and EU launched a €42 million “NDC Support Programme” as an additional contribution to the NDC Partnership – a global alliance assisting developing countries and emerging economies to implement their NDCs and related development objectives, fast and effectively. This comes on the heels of the NDC Partnership’s announcement that it is establishing a new Pacific regional hub.
  • ECOTIERRA, Fondaction and Mirova have announced the launch of the Canopy Sustainable Land Management Fund, which aims to populate with $50m for the development and operation of sustainable agroforestry projects around the world.
  • Fiji launched the Ocean Pathway Partnership. The Pathway aims to strengthen the consideration of oceans within the UNFCC.
  • The government of Italy and the UNFCCC have launched a new Fellowship Programme to strengthen the institutional capacity of Small Island Developing States and Least Developed Countries to respond to the challenges arising from climate change.
  • South Africa, Rwanda, Nigeria and the World Economic Forum launched the African Alliance on the Circular Economy – a leaders’ network to advocate and implement Circular Economy strategies, programmes and projects across the continent.
  • Launch of the PANORAMA platform, which aims to identify and promote local and regional best practises across a range of conservation and sustainable development topics.

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