Climate News
UN climate chief warns of “two-speed” global energy transition
Simon Stiell tells investors in NYC that rich countries are benefiting most from clean energy growth while poorer nations are deprived of finance for cheaper renewables
Senegalese banker Ibrahima Cheikh Diong picked to lead new loss and damage fund
Diong has experience in development banking, government and insurance against climate disasters in Africa
COP29 aims to boost battery storage and grids for renewables, as pledges proliferate
Governments are being asked to sign up to a goal to boost energy storage six-fold and renew or add 80 million km of electric grids, among other initiatives
Biodiversity finance grew ahead of COP16 but came mostly as loans, says OECD
Funding for efforts to protect and restore nature increased to $15.4 billion in 2022 – mostly driven by concessional loans from multilateral banks
UK calls for “ambition” on COP29 climate finance goal but won’t talk numbers
The UK’s new foreign minister, David Lammy, says Global North rhetoric on climate action must be matched by funding but stays silent on the size of a new global finance goal
Developing countries denounce rich nations’ disregard for just transition talks
One negotiator said it was “very unfortunate” that no developed-country officials travelled to Ghana for UN climate talks on “response measures”
Slow progress in Baku risks derailing talks on new climate finance goal at COP29
Azerbaijan’s COP29 president calls for determination and leadership from all countries to bridge the gaps on finance
Human rights must be “at the core” of mining for transition minerals, UN panel says
The UN Panel on Critical Energy Transition Minerals launches principles to guide responsible, fair extraction of minerals for green value chains
British Airways plans to offset rising emissions by sprinkling crushed rocks
The airline will pay a UK company to carry out enhanced rock weathering, which speeds up natural carbon-absorbing processes
Green Climate Fund restructures, aiming to become donors’ “partner of choice”
GCF chief Mafalda Duarte tells Climate Home how she plans to boost the fund’s impact and position it to secure more resources
