This report was commissioned by UNEP in response to the multiple global crises of 2008 – fuel, food and financial. The report proposes a mix of policy actions that would stimulate economic recovery and at the same time improve the sustainability of the world economy. The Global Green New Deal (GGND) calls on governments to allocate a significant share of stimulus funding to green sectors and sets out three objectives: (i) economic recovery; (ii) poverty eradication; and (iii) reduced carbon emissions and ecosystem degradation; and proposed a framework for green stimulus programs as well as supportive domestic and international policies.
National actions proposed for the GGND include:
Launched at Global Roundtable on 19-20 October 2011 in Washington DC, the UNEP FI Guide to Banking and Sustainability provides a clause-by-clause explanation of the UNEP Statement of Commitment by Financial Institutions on Sustainable Development, seeking both to shed further light on the meaning of individual clauses, and to provide guidance on how banking institutions might seek to apply them in their day-to-day operations. The Guide further provides illustrations of current practice within UNEP FI Signatory banks, and references to key resources.
The tool results from consultations with a variety of UNEP FI members from the banking sector, who have identified a range of uses to the Guide, from Board level to operations:
The publication presents the results of an evaluation that aimed to seek lessons and recommendations in relation to the low‐carbon development of the World Bank Group’s portfolio in energy, forestry and transport. The evaluation sought to establish how the WBG’s investments in low‐carbon growth opportunities can have the greatest impact, both for development and for greenhouse gas mitigation.
The three key findings emerging from the evaluation are that:
(1) The WBG can achieve great impact by providing advice and support for favourable policies such as removal of energy subsidies and other biases against renewables and energy efficiency,
(2) Act more like a venture capitalist, by supporting the transfer and adaptation to local conditions of existing technologies, policies and financial practices, and
(3) By focusing on high‐impact sectors and instruments, such as energy‐efficiency and forestry interventions.