2015 has been a landmark year for climate and development. March saw the agreement of the Sendai framework on Disaster Risk Reduction, June the Addis Ababa Action Agenda, September the Global Goals, and leaders are currently gathered in Paris at COP 21 to agree a global climate accord.
Since 2010, the European Bank for Reconstruction and Development (EBRD) and the Climate Investment Funds (CIF) have invested in joint projects worth more than US$ 2 billion. EBRD investments of US$ 1.1 billion were combined with CIF funds of US$ 255 million. CIF funds came as concessional loans, CAPEX grants and funds for technical assistance. The investments mobilised an additional UD$ 796 million of co-finance mainly from the private sector.
Today’s REDD+ agenda recognizes that climate change mitigation and development are intrinsically connected, aware that the productive functions of forests must be part of the solution. Indeed, the drivers of deforestation are largely outside the forest sector, and the fight against deforestation and forest degradation cannot be won without addressing the rapidly growing demand for food, timber, fiber and wood-based energy and non-timber forest products.
In the new field of monitoring and evaluation (M&E) of climate change adaptation programs, Nepal is a stand-out. We have worked hard to establish a sound approach to results management for our climate change adaptation programs, and are honored by the interest it has generated.
Monitoring and Reporting (M&R) in the Forest Investment Program (FIP) is a subtle art. How does one go about measuring, much less reporting on, complex issues in forestry such as land tenure and property rights, indigenous peoples empowerment, women’s issues, biodiversity, and forest governance? And how does one account for the vastly different situations countries find themselves in?
Geothermal has the potential to play a big role in a low-carbon energy transition but while deployment of wind and solar has taken off in recent years, deployment of geothermal has remained steady but unspectacular for decades. This despite the fact that it is broadly cost competitive with fossil fuel alternatives across the world and is the cheapest source of available power in some developing countries with rapidly growing energy demand.
Geothermal power is one of the leading alternatives to fossil fuel based generation given its affordability, its flexibility, and the fact it can operate 24 hours a day, seven days a week, unlike some other forms of renewable energy. As of 2014, total global geothermal power capacity was around 12.8 GW, with the US, the Philippines, Indonesia and Mexico leading in terms of generating capacity (REN21).
In the face of a major disaster that killed 8700 people, destroyed more than half a million homes, and caused widespread damage to infrastructure, Nepali people demonstrated the real meaning of resilience. Minutes after the powerful 7.6 earthquake struck on April 25, 2015, neighbors were helping one another to find safe places to shelter themselves and their families. Volunteers organized to bring relief supplies to affected mountain communities, often carrying the loads on their backs to places with no road access.