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Nigeria may adopt Green Bonds to finance NDCs

Justine Leigh-Bell

Nigeria appears to have identified a fresh financial mechanism towards realising its climate action plans: Green Bonds. At a Stakeholder Consultation held on Friday in Abuja at the instance of the Federal Ministry of Environment, participants debated the issuance of Green Bonds as an innovative source of funding climate and sustainable development programmes. Green (or Climate) Bonds are fixed-income financial ...

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Assessing role of post-Paris Agreement NAMAs

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The 2016 mid-year update of the NAMA Status Report, published by Ecofys and ECN under the Mitigation Momentum project, shows that NAMA development continues after Paris, while implementation still lags behind. NAMAs are important means to deliver on Nationally Determined Contribution (NDC) targets that countries have formulated as contributions to the Paris Agreement, but increased support is needed for capacity building and implementation, writes Michelle ...

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Germany to help developing countries implement Paris treaty

Barbara Hendricks

Germany has unveiled an initiative that will assist developing nations to implement climate change commitments made last December in Paris, France. Many developing countries at the COP21 UN climate conference made their first ever commitment to complying with climate targets with the adoption of the Paris Agreement. However, a new implementation partnership now aims to help them transform these targets ...

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Climate justice: Spectre at the Paris feast

Paris Agreement

Michael Donoghue writes in this issue that Pacific Islanders are responsible for only a tiny fraction of GHG emissions, yet they are suffering the worst effects of global warming. This unjust situation should be at the heart of the climate debate but was overshadowed in Paris by the much-acclaimed progress made elsewhere. We would question how much progress can truly be made ...

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Scotland exceeds climate targets six years ahead of schedule

Roseanna Cunningham

Scotland has exceeded the level of its 2020 target to reduce greenhouse gas emissions by 42% six years early, Climate Change Secretary Roseanna Cunningham has said. The latest climate change statistics show Scotland’s emissions, for reporting against targets, have fallen by 12.5% year on year to 41.9 million tonnes carbon dioxide equivalent (MtCO2e) in 2014. This is a reduction of ...

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Interim concrete climate action registry launched

Christiana-F

National climate action intentions are becoming concrete under the Paris Agreement The UN climate change secretariat has launched a new interim public registry to capture countries’ formal climate action plans under the Paris Climate Change Agreement. Known as nationally determined contributions (NDCs), they set out publicly what each country plans to do as part of the Paris Agreement to contribute to the international ...

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Papua New Guinea submits first NDCs

Peter O'Neill

Papua New Guinea has emerged the first nation to submit its nationally determined contributions (NDCs) to the United Nations Framework Convention on Climate Change (UNFCCC). The UNFCCC secretariat has thus created a new page on its website to capture the NDCs, which are countries’ formal climate action plans under the Paris Climate Change Agreement. According to the UN body, NDCs set out ...

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Nepal submits climate action plan

Khadga Prasad Oli

The Federal Democratic Republic of Nepal on Thursday submitted its new climate action plan to the Bonn, Germany-based UN Framework Convention on Climate Change (UNFCCC). Nepal’s Intended Nationally Determined Contribution (INDC) comes shortly after the adoption of a new universal climate change agreement in Paris last December. Including Nepal, 189 parties to the UNFCCC have formally submitted their INDCs. The Paris Agreement will ...

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INDCs: It’s no longer business as usual, says Nigeria

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Following its approval by President Muhammadu Buhari on 26 November 2015 and subsequent submission to the United Nations Framework Convention on Climate Change (UNFCCC), Nigeria’s Intended Nationally Determined Contributions (INDCs) was eventually reflected on the UNFCCC site on Friday, November 28, 2015 by precisely 12:24:55. Two separate documents – the INDCs proper and an executive summary – are both available ...

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Nigeria submits INDCs to UNFCCC

Muhammadu-Buhari

Nigeria has submitted it Intended Nationally Determined Contributions (INDCs) to the United Nations Framework Convention on Climate Change (UNFCCC), according to Environment Minister, Mrs Amina Mohammed. The minister made the disclosure on Thursday, November 26, 2015 on Twitter (via her handle, @AminaJMohammed). She had twitted: “Nigeria submits it’s INDC to UNFCC. Now we begin the journey for Nigerians, People & ...

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