In the context of the Paris Agreement adopted by the Parties to the United Nations Framework Convention on Climate Change (UNFCCC) in December 2015 the Union for the Mediterranean (UfM) through the UfM Secretariat (UfMS) started to look at the financial flows committed to the UfM region by IFIs and other donors. In 2009, developed countries pledged to raise 100 billion USD per year by 2020 to finance global climate action. The UfM investigates how much of this funding reaches the UfM region and how this funding is tracked and reported on.
This report presents a model that analyses fossil fuel subsidy reform across 20 countries showing an average reduction in national GHG emissions of 11% by 2020, and average annual government savings of USD 93 per tonne of CO2 abated.
United Nations Economic and Social Commission for Western Asia (UNESCWA)
Renewable energy together with energy efficiency, sustainable transport, sustainable agriculture, sustainable tourism, green building and waste management are economic sectors which are often considered capable of paving the way for a transition to a green economy and providing win-win solutions