Climate finance
As donors dither, Indigenous funds seek to decolonise green finance
Tired of waiting for donor dollars for climate and nature protection to trickle down, Indigenous rights groups are creating new funds to do things differently
World Bank climate funding greens African hotels while fishermen sink
Climate Home reveals that the World Bank Group has counted support for luxury hotels as climate finance, which experts say fails the most vulnerable
How to hold shipping financially accountable for its climate impacts
A levy on shipping emissions will be discussed by governments at IMO talks this month, with climate-vulnerable nations seeking funding from the industry
High stakes for climate finance in 2024
Setting finance goals without the revenues and systems to deliver on them is a recipe for disappointment – this year it must be different.
The subtle art of scaling up climate adaptation
Climate funds are the early adopters of a different way of doing finance. One which prioritises the climate, communities and the natural world.
OECD: Rich countries ‘likely’ to hit $100bn climate finance goal in 2022
Data shows countries provided $89.6bn in 2021, but funding for adaptation declined.
What’s in a word? – Climate Weekly
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The UK’s retreat from climate leadership is not in its national interest
The UK won friends and influence as Cop president, its not in its interest to throw that all away by abandoning its climate ambition
Senegal shows African countries are not passive beneficiaries of climate finance
While drawing up their renewables deal with wealthy countries, Senegalese government, civil society, business and researchers had their say
Dreaming big on climate action means finding the money to pay for it
The Paris summit failed to unlock real money for climate finance, potentially driving developing countries further into debt without boosting real climate solutions
Scrooges block progress in Bonn – Climate Weekly
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Confusion surrounds China’s pledged climate finance towards the Global South
China is not obligated to provide financial aid but has pledged to “make available’ $3.1bn to other developing countries
Cop28 boss slams rich nations “dismal” $100bn finance failure
Developed nations should have met the climate finance commitment in 2020. But they are still not there.
US pledges $1 billion to Green Climate Fund amid call to keep 1.5C in reach
Joe Biden urged leaders of major emitting economies to step up efforts to roll out zero-emission vehicles, cut methane emissions and deploy carbon capture technologies
Saudi Arabia, Russia push for more World Bank money into carbon capture
At a meeting discussing the World Bank’s stronger focus on climate, Russia has also urged the lender to extend its support for gas projects.
World Bank steering committee and US urge for reforms on climate lending
At the World Bank’s spring meeting, US Treasury Secretary Janet Yellen called for the adoption of a reform that would free up funds for climate lending.
I’m a COP veteran. Here are 3 suggestions for the new Loss and Damage fund
Cop27 resulted in the historic decision of setting up a loss and damage fund to help vulnerable countries, but success depends on a few key actions.
IPCC highlights rich nations’ failure to help developing world adapt to climate change
Scientists say funding needs to increase ‘many-fold’ in order to reach climate goals and protect communities disproportionately affected by global warming
Green Climate Fund credibility hangs over response to violence in Nicaragua project
Indigenous people in Nicaragua have accused a Green Climate Fund project of exacerbating violence with settlers invading their land
Vulnerable nations set up alliance to prepare loss and damage action plans
Researchers are working with eight developing countries to pool resources and respond to climate disasters with local solutions