Climate finance Archives

World Bank to initially host loss and damage fund under draft deal

Developing countries made key concession to land a draft deal on funding for climate victims, subject to political signoff at Cop28

Export credit agencies are still backing oil and gas projects – this week’s OECD meeting is a chance to change that

Climate Home analysed how highly-publicised commitments are faring two years on from their announcement

At the Global Partnership for Education, we paid a high price to be hosted by the World Bank. A loss and damage fund should be independent

The G7 has offered to mobilise $15.5 billion to get Vietnam from coal to clean energy but just 2% of this is grants

China opposed six Green Climate Fund projects because the proposals flagged the risk of forced labour in the manufacturing of solar panels.

The EU once led the world in combatting flawed forest offset schemes. Now it’s looking to give them a new lease of life.

Developing countries are outraged by a proposal to host a climate loss and damage fund at the World Bank, painting it as a US power grab

Clean energy is a priority as China promises $100 billion of development funding – but don’t call it climate finance

While technical tweaks should make the World Bank’s capital go further, their impact depends on shareholders injecting fresh funds

Major oil and gas producers hit back at World Bank reforms that aim to channel more money into clean energy

The World Bank says it will try to get governments to stop spending public money making fossil fuels artificially cheap

The UN’s flagship climate finance initiative can barely sustain its existing portfolio after a lackluster fundraising conference on Thursday

Project owners in Cambodia and Brazil are selling carbon offsets to Uber, Marathon and ArcelorMittal despite an uptick in deforestation

Brazil’s transport ministry plans to bid for money from the Amazon Fund to pave the world’s “most sustainable highway”

On the sidelines of the UN general assembly, rich and poor countries were divided on how to deliver funds to victims of the climate crisis

The UN’s flagship global climate fund looks likely to have to rein in its ambition, after France announced just a 4% boost in its contribution.

Data won’t be confirmed until 2025 and developing countries say the rich world must make up for earlier shortfalls from the target

The European Union is using taxes on pollution to fund a gas pipeline in Romania, claiming it will reduce emissions compared to coal

The US, Germany and Italy have been accused of backsliding on a Glasgow promise to end public subsidies to fossil fuel projects overseas