Climate finance
No shortage of public money to pay for a just energy transition
With negotiations underway to establish a new global climate finance goal, wealthy countries are once again trying to shirk their responsibilities
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
Developing countries suggest rich nations tax arms, fashion and tech firms for climate
At Bonn talks, G77 group floats a 5% sales tax on tech, fashion and defence firms to fund green spending in the Global South
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
Climate, development and nature: three urgent priorities for next UK government
Revitalised global leadership from Britain can make a difference at a deeply troubling and fractured time for world affairs
Rich nations meet $100bn climate finance goal – two years late
Developed countries gave nearly $116 billion in climate finance in 2022, but experts and campaigners questioned how the target was met
US government backs the carbon credit industry’s push to fix itself
The Biden administration throws its weight behind the industry’s attempts to boost integrity in the beleaguered market
In Malawi, dubious cyclone aid highlights need for loss and damage fund
Malawi’s Red Cross built 45 homes funded by a suspected Nigerian fraudster, which residents of Mchenga village say are unsafe
Paris summit unlocks cash for clean cooking in Africa, side-stepping concerns over gas
The gathering raised $2.2 billion for clean cooking in Africa, where four in five people still use polluting energy like charcoal – but some say LPG should not be promoted as a transition fuel
UN agrees carbon market safeguards to tackle green land grabs
Local communities will be able to officially challenge UN-registered carbon credit projects before and after they are up and running
Seismic shifts are underway to find finance for loss and damage
The new UN fund can channel taxes and other innovative ways of raising money to pay for climate loss and damage – we just have to decide to apply them
Loss and damage board speeds up work to allow countries direct access to funds
At its first meeting, the fund’s board decided to fast-track the selection of its host country so money can be disbursed as fast as possible to disaster-hit people
How to fix the finance flows that are pushing our planet to the brink
Commercial banks are financing a huge amount of fossil-fuel and industrial agriculture activities in the Global South – they must turn off the tap
G7 offers tepid response to appeal for “bolder” climate action
Climate and energy ministers from G7 nations agreed a coal exit deadline – with a caveat, but made little progress on other fossil fuels and finance
Southern Africa drought flags dilemma for loss and damage fund
Scientists blame the current drought on El Niño – which could exclude those affected from receiving aid for climate-change damage
Limiting frontline voices in the Loss and Damage Fund is a recipe for disaster
Representatives of groups hardest-hit by the climate crisis say restrictions on their participation at the fund’s first board meeting set a worrying precedent
Tensions rise over who will contribute to new climate finance goal
Germany wants all high-emitters, especially among G20 countries, to pitch in. But China and Saudi Arabia say the responsibility lies with developed nations
Will blossom of reform bear fruit? Spring Meetings leave too much to do
Changes are afoot at the IMF and World Bank – but debt-squeezed developing nations need far faster access to more finance for climate action