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Climate finance

Quality - not just quantity - matters in the new climate finance goal

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

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

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

Spring Meetings results are in — and they leave too much to do 

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

Global billionaires tax to fight climate change, hunger rises up political agenda

Brazil and France want the G20 to get behind a global minimum tax on billionaires’ wealth, also backed by IMF chief

As donors dither, Indigenous funds seek to decolonise green finance  

Tired of waiting for donor dollars for climate and nature protection to trickle down, Indigenous rights groups are creating new funds to do things differently

Two boats with fishermen in Mbour, Senegal, where sea level rise is impacting local fisheries, ust miles from the hotel resort of Saly, supported by the World Bank climate funds.

World Bank climate funding greens African hotels while fishermen sink

Climate Home reveals that the World Bank Group has counted support for luxury hotels as climate finance, which experts say fails the most vulnerable

Holding those with high shipping emissions financially accountable

How to hold shipping financially accountable for its climate impacts

A levy on shipping emissions will be discussed by governments at IMO talks this month, with climate-vulnerable nations seeking funding from the industry

$100 billion promise: No confirmation until at least 2025

High stakes for climate finance in 2024

Setting finance goals without the revenues and systems to deliver on them is a recipe for disappointment – this year it must be different.

The subtle art of scaling up climate adaptation

The subtle art of scaling up climate adaptation

Climate funds are the early adopters of a different way of doing finance. One which prioritises the climate, communities and the natural world.

OECD: Rich countries "likely" to hit $100bn climate finance goal

OECD: Rich countries ‘likely’ to hit $100bn climate finance goal in 2022

Data shows countries provided $89.6bn in 2021, but funding for adaptation declined.

What’s in a word? – Climate Weekly

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The UK’s retreat from climate leadership is not in its national interest

The UK won friends and influence as Cop president, its not in its interest to throw that all away by abandoning its climate ambition

Senegal shows African countries are not passive beneficiaries of climate finance

While drawing up their renewables deal with wealthy countries, Senegalese government, civil society, business and researchers had their say

Dreaming big on climate action means finding the money to pay for it

The Paris summit failed to unlock real money for climate finance, potentially driving developing countries further into debt without boosting real climate solutions

Scrooges block progress in Bonn – Climate Weekly

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workers install solar panels on a rooftop

Confusion surrounds China’s pledged climate finance towards the Global South 

China is not obligated to provide financial aid but has pledged to “make available’ $3.1bn to other developing countries 

Cop28 boss slams rich nations “dismal” $100bn finance failure

Developed nations should have met the climate finance commitment in 2020. But they are still not there.

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