Climate finance
IMF’s resilience fund ‘out of reach’ for some nations in need
The Resilience and Sustainability Trust aims to help countries prepare for climate shocks. Bangladesh, Zimbabwe and the Philippines are among those unlikely to qualify
Vulnerable nations set to pilot loss and damage funding facility
Finance ministers from vulnerable nations have secured philanthropic funds to demonstrate how support for victims of the climate crisis could work
DR Congo audit exposes ‘lawless’ logging sector, implicating six former ministers
As Norway, UK and Germany commit millions to protect the Congo rainforest, a damning report shows governance in chaos
The world’s poorest have the strongest resilience, yet their voices remain unheard
Those on the frontline of the climate crisis have something to teach the world about climate resilience if they are given a meaningful seat at the table
Climate finance should not be made to compete with aid to Ukraine
As governments redirect emergency aid to Ukraine, they need to find additional funds for climate finance and not pitch the two crises against each other
‘Betrayal’: US approves just $1bn climate finance for developing countries in 2022
The Biden Administration committed to deliver $11.4 billion a year in climate finance by 2024, but Congress approved a mere fraction of that
Haven of African elephants at risk, say park rangers decrying poor pay and conditions
Forest guards in Gabon say their salaries are often paid several months late and are threatening to go on strike
EU lawmaker calls for carbon border tax revenues to boost climate finance
Support to clean up industries in least developing countries is necessary for the propose levy to comply with WTO rules, Mohammed Chahim argues
What to watch in 2022: critical moments and issues for climate diplomacy
An African Cop, landmark science reports and a long overdue biodiversity summit will shape the response to climate change this year
Brussels sets out new green aid rules, with ‘pragmatic exceptions’ for gas
The new guidelines include a special clause for natural gas, allowing member states with the lowest GDP to transition from coal to gas
China ‘trumps’ the west by pledging larger share of IMF relief to African nations
President Xi Jinping promised to share around a quarter of China’s pandemic recovery boost with Africa, more than European and American countries
African nations settled for ‘moral pact’ with US on adaptation finance at Cop26
With the US refusing to budge on the text of the Glasgow agreement, African nations reluctantly accepted a promise of stronger voluntary support
Mia Mottley: the ‘fearless’ leader pushing a global settlement for the climate frontlines
The first female prime minister of Barbados is elevating wonky discussions on the future of global finance to the highest political level
Climate reparations become a crunch issue as Cop26 goes into overtime
The US and EU have resisted calls for finance to the victims of climate disaster, but developing countries say it is a red line
Developing countries put a number on post-2025 climate finance ask: $1.3trn a year
African nations and a group of 24 “like-minded” countries that includes China and India accuse donor countries of ducking substantive talks on finance
Support for vulnerable nations could ‘make or break’ Cop26 talks
As ministers arrive in Glasgow to broker a political deal, a lack of aid for those on the front lines of climate impacts is a sore point
South Africa $8.5bn finance package offers a model for ending reliance on coal
The package was hailed as “groundbreaking” for being country-led and addressing a need to reskill and support coal miners
To close 1.5C gap, countries face call for another round of climate pledges by 2023
The Cop26 presidency is considering a proposal to strengthen ambition beyond the Glasgow summit, but it faces resistance from emerging economies
Donor countries set to reach $100bn climate finance target in 2023 – three years late
The UK presidency hopes a delivery plan for long-promised climate finance will start to restore trust ahead of Cop26, but experts warn late delivery means trouble
‘Breakthrough’: IMF develops fund to help debt-laden nations address climate risks
The IMF trust fund could be worth up to $50 billion and meet vulnerable countries’ call for support to address the triple crisis of debt, Covid and climate change