Climate finance
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
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
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
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
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
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 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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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.