>> With resource use expected to double by 2050, better natural resource use essential for a pollution-free planet
>> UN Environment and BNP Paribas Mobilise USD 10 Billion for Sustainable Projects by 2025
>> Global Covenant of Mayors and World Bank Announce Partnership for Cities Executing Aggressive Climate Action Programs
>> Energy efficiency in Eastern Partnership municipalities discussed at EU regional conference in Belarus
With resource use expected to do
With resource use expected to
double by 2050, better natural resource use essential for a
Extraction of material resources – biomass, fossil fuels and non-metallic
minerals – from the Earth could reach 88.6 billion tonnes in 2017, or three
times that used in 1970, according to estimates from the International Resource
Since global material resource use is likely to then more than double by 2050 on
current trends, the global economy must embrace resource efficiency to achieve
the Sustainable Development Goals, the report says.
With 19 million premature deaths estimated each year due to environmental and
infrastructure-related risk factors linked to natural-resource use, the report
suggests that better and more efficient extraction and use of natural resources
could be one of the most effective, and cost-effective, ways to reduce
environmental impacts, including pollution, while at the same time advancing
Assessing Global Resource Use was released at the Science-Policy-Business Forum,
a preliminary event to the UN Environment Assembly, which runs from 4-6 December
at UN Environment headquarters in Nairobi. The assembly unites over 2,000 heads
of state, ministers, business leaders, UN officials and civil society
representatives to tackle the global menace of pollution.
Read more at:
UN Environment and BNP Paribas M
UN Environment and BNP Paribas
Mobilise USD 10 Billion for Sustainable Projects by 2025
The United Nations Environment Programme (UN Environment) and BNP Paribas today
signed a milestone agreement at the One Planet Summit to establish Sustainable
Finance Facilities, collaborative partnerships aimed at raising development
capital to drive sustainable economic growth in emerging countries. UN
Environment and BNP Paribas will collaborate to identify suitable commercial
projects with measurable environmental and social impact, with a target of
capital funding amounting to USD 10 billion by 2025 in developing countries.
The aim is to support smallholder projects related to renewable energy access,
agroforestry, water access and responsible agriculture among other sustainable
activities. The Sustainable Finance Facilities programme is the first of its
kind in terms of collaboration between companies, investors, development sector
partners, and civil society organisations, with the support of national
The Memorandum of Understanding was signed today between Erik Solheim, Executive
Director of the United Nations Environment Programme and Jean-Laurent Bonnafé,
Chief Executive Officer of BNP Paribas in the presence of French President
Macron at the One Planet Summit. This landmark agreement is fully in line with
both UN Environment’s and BNP Paribas’ commitments to developing meaningful and
sustainable projects addressing environmental and social challenges in emerging
This agreement builds on the Tropical Landscapes Financing Facility, a
partnership between UN Environment, BNP Paribas, World Agroforestry Centre and
ADM Capital in Indonesia.
Read more at:
Global Covenant of Mayors and Wo
Global Covenant of Mayors and World
Bank Announce Partnership for Cities Executing Aggressive Climate Action
During the One Planet Summit in Paris, the Global Covenant of Mayors for Climate
& Energy and World Bank Group, the world’s largest multilateral development
bank, announced a new partnership to provide technical and financial assistance
to 150 cities across the world undertaking aggressive climate action programs.
The World Bank’s investment of $4.5 billion USD will ensure cities battling the
increasing threats of climate change have the funding necessary to implement
sustainable initiatives and climate resilience programs.
The partnership will help countries leverage the private sector by developing
bankable business plans, structuring public-private partnerships to crowd in
private sector investment, monetizing increases in land values, and designing
and implementing credit enhancement mechanisms to allow commercial financing to
The partnership brings together the largest global alliance of cities committed
to tackling climate change with the world’s leading development institution to
design and structure climate resilient investments and to catalyze new sources
of capital to finance them in cities across the globe.
Read more at:
Energy efficiency in Eastern Par
Energy efficiency in Eastern
Partnership municipalities discussed at EU regional conference in
The importance of energy efficiency measures for municipalities and existing EU
opportunities in this regard were discussed at the regional conference “Covenant
of Mayors: joint actions in the field of climate and energy” on 13-14 December
in Minsk, Belarus. The conference welcomed municipalities from the Eastern
Partnership (EaP) countries – Armenia, Azerbaijan, Belarus, Georgia, the
Republic of Moldova and Ukraine – and was organised by the EU-funded Covenant of
Mayors – Demonstration Projects programme and Covenant of Mayors East
According to Christophe Frering, team leader of Covenant of Mayors East, the
number of signatory towns for this EU-funded initiative among the Eastern
Partnership municipalities increased two times in 2017, which indicates the
popularity of energy efficiency and environment actions.
During the two-day conference, the participants discussed the results and
achievements of cities and villages that are part of the Covenant of Mayors East
initiative. They also analysed the new funding opportunities for energy
efficiency projects, especially under the E5P financial instrument.
Read more at:
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