Finance

APEC Preparing Initiative on Economic Inequality [viewed]

apec28 January 2015: The Philippines will launch an “inclusive economies” initiative, in its role as Asia-Pacific Economic Cooperation (APEC) Chair in 2015. The initiative, which aims to combat inequality, will focus on joint actions to improve economic stability, job creation, productivity and wages, along with traditional drivers of growth, such as strengthening trade and investment.

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World Bank Adopts GRI Taxonomy for Sustainability Reporting [viewed]

Worldbanklogo19 January 2015: The World Bank announced that it is using a new taxonomy for sustainability, supplementing its web-based Sustainability Review 2014 with a stand-alone index of sustainability indicators that uses the eXtensible Business Reporting Language (XBRL) Taxonomy. 
This taxonomy is meant to improve access for investors, auditors and analysts to information within sustainability reports.

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IRENA Study: Renewable Power Competitive with Fossil Fuels [viewed]

IRENA17 January 2015: A report by the International Renewable Energy Agency (IRENA) on the costs of generating electricity from renewable energy sources has found that power from a number of these sources is now competitive with, or cheaper than, fossil fuel-based electricity. According to the Agency, renewable sources outperform fossil fuels particularly when externalities, such as local pollution and negative environmental and human health impacts are accounted for.

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Event: G20 Finance Ministers and Central Bank Governors Meeting [viewed]

The first meeting of G20 finance ministers and central bank governors under the Turkish Presidency will be hosted in Istanbul, Turkey, on 9-10 February 2015. The finance ministers are expected to convene four times throughout the year. Turkey has chosen to focus on 'inclusive and robust growth through collective action' under its leadership in 2015. The three pillars that will guide the G20's work this year are: strengthening the global recovery and lifting the potential; enhancing resilience; and buttressing sustainability.  

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Event: DCF Symposium on Development Cooperation for People and Planet: What Will it Take? [viewed]

A Development Cooperation Forum (DCF) High-Level Symposium will be held in Incheon, Republic of Korea, from 8-10 April 2015. The Symposium, organized by the Republic of Korea and the UN Department of Economic and Social Affairs (DESA), is the first high-level preparatory event for the 2016 DCF. It will engage up to 200 high-level experts from a wide range of stakeholders. It will focus on how to bring together commitments on financing and other means of implementation (MOI) from the Monterrey and Rio processes, in order to allow countries and other stakeholders to take an integrated approach to development cooperation, ensure more robust monitoring and accountability for progress and achieve better and more lasting development results.  

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Event: G20 Development Working Group Meeting [viewed]

The Group of 20 (G20) Development Working Group (DWG) will hold its first meeting in 2015 in support of the Turkish Presidency's priority of "buttressing sustainability". The Turkish Presidency of the G20 is placing development at the center of its 2015 agenda for the G20. The DWG was established in 2010 under the Korean Presidency of the G20 and is responsible for implementing the G20 Development Agenda and reporting progress to the Sherpas. Under its pillar of buttressing sustainability, the Turkish Presidency is also focusing on climate change finance and energy.  

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Event: First Working Session of the Ad Hoc Committee on Sovereign Debt Restructuring [viewed]

At the first working session of the ad hoc committee on sovereign debt restructuring processes, the committee will elect its Chair and the other members of the Bureau, adopt the provisional agenda (A/AC.284/2015/1) and approve the organization of work.  

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Event: SDSN and Investec Asset Management Financing for Sustainable Development Conference [viewed]

Co-organized by the Sustainable Development Solutions Network (SDSN) and Investec Asset Management, this event will bring together high-level financial executives to discuss climate finance, infrastructure finance and global partnerships, among other issues. The conference is one in a series organized by SDSN in the lead-up to the Third International Conference on Financing for Development Conference (FfD 3), which will convene in Addis Ababa, Ethiopia, on 13-16 July 2015. According to SDSN, the Government of Ethiopia has asked SDSN to to serve as an official advisor to the process leading to the FfD Conference.  

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Negotiations Consider Four Elements of Post-2015 Agenda [viewed]

Post-2015 Development Agenda21 January 2015: At the first sessions of intergovernmental negotiations on the post-2015 development agenda, UN Member States and other participants addressed the four elements expected to comprise the new agenda: a declaration; a set of Sustainable Development Goals (SDGs) and targets, along with eventual indicators; their means of implementation (MOI) and a new Global Partnership for Development; and follow-up and review of implementation. The “stocktaking session” was the first of eight scheduled sessions to prepare the outcome that will be adopted at the UN Summit on the Post-2015 Development Agenda in September 2015.

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World Economic Forum Addresses Climate Change, Gender, Inequality, Development Goals [viewed]

World Economic Forum24 January 2015: The 45th World Economic Forum (WEF) Annual Meeting discussed the global economic outlook for 2015 and considered climate change, inequality, gender parity and the development goals, and sustainable development investments, among other issues. The Forum launched several publications and initiatives, including a Global Challenge Initiative on Food Security and Agriculture.

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