Climate finance
Climate disasters challenge right to safe and adequate housing
Climate-proofing homes is now an essential response to regular extreme weather events and can help prevent displacement
UAE’s ALTÉRRA invests in fund backing fossil gas despite “climate solutions” pledge
Four months after partnering with the new “landmark” climate vehicle at COP28, a BlackRock fund put money into a US gas pipeline
Bonn talks on climate finance goal end in stalemate on numbers
Negotiations failed to progress as rich countries refused to discuss a dollar amount for the new goal due to be agreed at COP29
Bonn bulletin: Crunch time for climate finance
Negotiators take on tricky topics in a slimmed-down finance text as UN climate chief calls for country transparency reports to shed light on NDC progress
North Africa’s disappearing nomads: Why my community needs climate finance
My people are experiencing loss and damage, and deserve international support under a new climate finance goal – negotiators in Bonn and beyond must take heed
Quality – not just quantity – matters in the new climate finance goal
Negotiators in Bonn should work to ensure funding provided under a new goal set to be agreed later this year at COP29 is affordable and accessible
“Great enabler of climate action” – UN urges Bonn progress on new finance goal
UN Climate head Simon Stiell called on countries to start narrowing down options to strike a deal on post-2025 climate finance by COP29 in November
Fossil fuel debts are illegitimate and must be cancelled
The Spring Meetings of the World Bank and IMF are a chance to transform outstanding debts for fossil fuel projects into grants for renewable energy systems
Expectations mount as loss and damage fund staggers to its feet
Demand for finance to pay for the aftermath of climate impacts is rocketing – but progress on getting a new UN loss and damage fund up and running is slow
Climate leaders, oil bosses pitch alternate energy-transition realities
As climate officials prepare the next steps in a globally agreed shift away from fossil fuels, oil and gas executives return fire
Shipping sector pushes to keep emissions-tax cash for itself
The industry and governments’ maritime ministries want a proposed levy on emissions spent on cleaning up shipping, not used for wider climate goals like loss and damage
Aid watchdog questions UK’s climate finance accounting
Britain has changed how it calculates its international climate aid, boosting its progress towards a 2026 goal without giving vulnerable countries more money
Blended finance can perpetuate climate colonialism
‘Blended finance’ took centre stage at Cop28, with the Green Climate Fund among its supporters. But there are still major problems with the concept that must be addressed before considering any further expansion.
For Cop29 to succeed, rich nations must get their parliaments to agree more finance now
Rich nations always say they need their parliaments approval for climate finance at Cops – now is the time to start
Junk offset sellers push to enter new UN carbon market
Renewable energy schemes make up four-fifths of Kyoto-era projects hoping to keep selling offsets under Article 6, sparking concerns over the credibility of the new market.
Six takeaways from 2023’s climate change news
Fossil fuel fights, finance struggles, a resurgent relationship, and much more. We recap the most impactful international climate developments in 2023.
Green Climate Fund ambition at risk after ‘disappointing’ pledges
The UN’s flagship climate finance initiative can barely sustain its existing portfolio after a lackluster fundraising conference on Thursday
African leaders skirt over fossil fuels in climate summit declaration
A joint statement forming the basis of Africa’s negotiating position for Cop28 is silent on the role of oil and gas
Germany plans to keep funding new gas projects overseas despite pledge
Draft guidelines for its export credit agency signal support for some gas projects until 2025 – three years after the deadline set by the Glasgow pledge
Developing nations decry risk of UK breaking climate finance pledge
The UK promised to deliver £11.6 billion in international climate finance by 2026. But a leaked memo suggests the target is being dropped.