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Climate finance

Oil extraction at sunset in an oil field in Midland, Texas. REUTERS/Nick Oxford. Climate leaders, oil bosses pitch alternate energy-transition realities

Climate leaders, oil bosses pitch alternate energy-transition realities

As climate officials prepare the next steps in a globally agreed shift away from fossil fuels, oil and gas executives return fire

African dismay at decision to host loss and damage advice hub in Geneva

The UN agencies that will run the Santiago Network recommended it should be based in Nairobi but governments have instead chosen the world’s third-most expensive city

Shipping sector pushes to keep emissions-tax cash for itself

The industry and governments’ maritime ministries want a proposed levy on emissions spent on cleaning up shipping, not used for wider climate goals like loss and damage

Mafalda Duarte sets out vision green climate fund

In Somalia, Green Climate Fund tests new approach for left-out communities

GCF head Mafalda Duarte promises a more proactive plan to bring cash to the most vulnerable countries struggling with climate impacts

Paraguay’s carbon deal with Singapore beset by lobbying, lax rules

UN rules governing bilateral carbon offsetting between governments have yet to be agreed but deals are being done, raising concerns about integrity

Is water provision in drought-hit Zambia climate 'loss and damage' or adaptation?

Is water provision in drought-hit Zambia climate ‘loss and damage’ or adaptation?

Farmers need crop irrigation to help beat drought – but it’s unclear if that would qualify for new loss and damage funding

green climate fund nicaragua human rights

UN climate fund axes Nicaragua forest project over human rights concerns

In its first such move, the Green Climate Fund has pulled out of a project after developers failed to address environmental and social compliance issues

Fossil fuel firms seek UN carbon market cash for old gas plants

Fossil fuel firms seek UN carbon market cash for old gas plants

Fossil fuel companies that built gas power plants more than a decade ago are hoping for rewards from a new carbon credit market

UK's climate finance accounting

Aid watchdog questions UK’s climate finance accounting

Britain has changed how it calculates its international climate aid, boosting its progress towards a 2026 goal without giving vulnerable countries more money

It's time to take to court the governments that fund fossil fuels

When governments fund fossil fuels, it’s time to take them to court 

A new wave of climate litigation is targeting state institutions that are still providing public finance for fossil fuels, despite pledges to turn off the funding tap

Kenya solar panels Lake. Talks new climate finance goal

Countries draw battle lines for talks on new climate finance goal

Developed and developing countries are gearing up for heated discussions over the size of the goal and who should provide money for it

Loss and damage must be a focus of IPCC's reports

Loss and damage must be a focus of IPCC’s next reports

Without proper interventions anchored on the latest and best available science, even more people would be vulnerable to disastrous impacts of tremendous economic and non-economic costs.

Blended finance can perpetuate climate colonialism

‘Blended finance’ took centre stage at Cop28, with the Green Climate Fund among its supporters. But there are still major problems with the concept that must be addressed before considering any further expansion.

Bahrain gas flaring

US trade agency backs oil and gas drilling in Bahrain despite Biden pledge

Ex-Im’s financing would boost fossil fuel production in the Gulf state with the construction of over 450 new oil and gas wells

Shell carbon credits

“Shameful”: Shell uses carbon credits under investigation to meet climate targets

The oil and gas giant offset part of its emissions with over a million credits from Chinese projects suspended because of integrity concerns

Rich nations miss loss and damage fund deadline

Rich nations miss loss and damage fund deadline

Their failure to agree risks delaying help for victims of climate disasters in developing countries

Cop29 success hinges on financial commitments from rich nations

For Cop29 to succeed, rich nations must get their parliaments to agree more finance now

Rich nations always say they need their parliaments approval for climate finance at Cops – now is the time to start

Junk offset sellers push to enter new UN carbon market

Junk offset sellers push to enter new UN carbon market

Renewable energy schemes make up four-fifths of Kyoto-era projects hoping to keep selling offsets under Article 6, sparking concerns over the credibility of the new market.

$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.

Witness bribing minister's family own Congolese carbon credit company

Witness bribing minister’s family own Congolese carbon credit company

The minister Jean-Pierre Bemba bribed witnesses in his war crimes trial and holds power over the environment minister Eve Bazaiba

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