From Chile cancelling COP25 to the replenishment of the Green Climate Fund

The Chilean government has cancelled December’s COP25 Climate Summit in Santiago due to the unrest in the country. The United Nations Framework Convention on Climate Change (UNFCCC) is now looking for a new host with Bonn in Germany the most likely choice as it is the site of the UNFCCC’s secretariat and a previous COP host, though Costa Rica is reportedly being considered as well.

Related: Spain offers to host UN climate conference after Chile cancellation

 

The Green Climate Fund (GCF) raised USD $9.8 billion at its pledging conference in Paris, falling short of the USD $10.3 billion raised during its previous funding round. With the US, Australia, and Russia all refusing to contribute, the Fund faced a USD $3.2 billion hole but while several countries doubled their commitments to help fill the gap, the Fund still fell USD $500 million short.

Related: As rich countries slow walk green finance, Putin offers Africa an alternative

 

Jens Weidmann, the president of the Bundesbank (Germany’s Central Bank), has voiced his opposition to using monetary policy to tackle climate change, setting up a potential clash with incoming European Central Bank (ECB) president Christine Lagarde who promised to make climate change a “mission-critical” priority at the ECB during her confirmation hearing in the European Parliament.

 

New research from the University of Queensland shows greenhouse gas emissions caused by damage to tropical rainforests are being underestimated by a factor of six, with researchers noting that figure represents a conservative estimate of the scale of the emissions and does not include emissions from damage to other types of woodlands.

 

New research shows that 150 million people are currently living on land that will be below sea-level by 2050, a figure three times as high as previous estimates.

Related: A ‘super framework’ for climate migration isn’t on the way

 

The Asian Development Bank (ADB) is telling developing Asian countries they need to invest at least 5% of GDP in infrastructure to sustain economic growth, warning that countries investing less than 5% will face a ‘tough challenge’ because of competition to secure funding from outside sources.

Related: ADB funding $11 billion of PHL projects from 2020-2022

 

In the wake of the collapse Precious Talent School in Nairobi and reports schools run by Bridge International Academies failed to meet curriculum, teacher certification, and other educational and safety standards, Oxfam International Executive Director Winnie Byanyima has criticised investments in for-profit schools saying these schools are unsafe and increase inequality.

Related: Opinion: The World Bank shouldn’t be setting global goals for education

 

The Our Ocean Conference in Oslo, Norway saw 370 pledges totalling USD $64 billion for protecting the ocean and promoting sustainable economic growth.

Related: Sustainable blue economy strategy to release €2.5bn in EIB investment

 

A look at the new Global Action Plan for Healthy Lives and Well-being for All, a plan agreed by 12 multilateral agencies to better coordinate their activities in order to achieve Sustainable Development Goal 3, which promises healthy lives and well-being for everyone.

Related: Tough choices for low-income countries on road to UHC

 

Experts say a new deal negotiated by by Unitaid, the Global Fund to Fight Aids, Tuberculosis and Malaria, and the pharmaceutical company Sanofi, that reduces the cost of a key drug for preventing TB by two-thirds could stop millions from developing the disease.

 

Dr. Michael Ryan, executive director at the World Health Organization (WHO)’s Health Emergencies Programme, discusses the challenges of leading the program as WHO responds to various health emergencies worldwide including the Ebola outbreak in the Democratic Republic of the Congo and meeting the health needs of the Rohingya refugees fleeing Myanmar.

Related: Q&A: Should Ebola care be integrated into DRC’s public health system?

 

Four US Senators say the Trump Administration may have violated federal law in lobbying more than 70 countries to remove protections for “sexual and reproductive health” from the UN agreement on universal health coverage. In a letter the Senators criticised the Administration’s opposition to abortion care and suggested the Administration’s actions violated the Siljander Amendment, which prohibits use of foreign assistance in lobbying ‘for or against abortion’.

 

Accountability advocates are pushing for the International Finance Corporation to put a percentage of its profits into a ‘remedy fund’ to compensate communities harmed by IFC backed projects.

 

The leaders of the Asian Infrastructure Investment Bank (AIIB) discuss what separates the AIIB from other multilateral finance institutions.

 

Speaking on the sidelines of the IMF-World Bank Annual Meetings, former Japanese Vice Minister of Finance Masatsugu Asakawa, the leading candidate to succeed Asian Development Bank (ADB) president Takehiko Nakao, said he plans to ‘shore up the bank’s expertise in international taxation and develop a universal framework for a global electronic commerce tax system.’

 

Elizabeth Boggs Davidsen, director of SDG Impact, a new startup within the UNDP developing new tools to eliminate barriers to Sustainable Development Goals (SDG)-enabling investment, discusses some of the obstacles keeping investors from contributing to the SDGs and SDG Impact’s efforts to remove those obstacles.

Related: Q&A: Impact investing must break from ‘exploitation and extraction’ strategy

 

An overview of the EU’s nutrition spend in 2018 including a breakdown of where the EU is spending its nutrition funds and the recipients of the EU’s biggest contracts in nutrition.

Related: Top NGO partners delivering EU humanitarian aid

 

The UN Secretariat is organising a public consultation to generate a global vision for the year 2045 to mark the 100th anniversary of the creation of the United Nations.