Climate finance
India, donor countries give up on Just Energy Transition Partnership – German official
Germany officials confirmed India and donor countries dropped a deal to accelerate the phase-out of fossil fuels in the South Asian country
Biodiversity market takes off at COP16, in shadow of carbon credit chaos
Several new guidelines for biodiversity credits were launched at COP16 in Cali, Colombia, where activists warned on risks to nature conservation efforts
At COP16, countries clash over future of global fund for nature protection
Some biodiverse developing nations want to replace it with a new fund that would give them a bigger say in how it’s run and easier access to its resources
Colombia adds nature to the mix with its $40-billion energy transition plan
The investment plan mirrors the model of Just Energy Transition Partnerships (JETPs) – and includes $8.5 billion to conserve and restore nature
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
UN climate chief calls for “exponential changes” to boost investment in Africa
Action on clean energy and adaptation can be the single greatest opportunity to lift up African people and economies, Simon Stiell says
Leaders are cutting fossil fuel finance – next comes unlocking clean energy for all
While international public finance for coal, oil and gas has fallen by two-thirds, little of that money has gone to boost green energy in poorer countries
EU hit with lawsuit over green labelling of aviation and shipping investments
Environmental campaigners take the EU to court over the inclusion of fossil fuel-powered planes and ships in green taxonomy
Climate disasters challenge right to safe and adequate housing
Climate-proofing homes is now an essential response to regular extreme weather events and can help prevent displacement
UAE’s ALTÉRRA invests in fund backing fossil gas despite “climate solutions” pledge
Four months after partnering with the new “landmark” climate vehicle at COP28, a BlackRock fund put money into a US gas pipeline
Bonn talks on climate finance goal end in stalemate on numbers
Negotiations failed to progress as rich countries refused to discuss a dollar amount for the new goal due to be agreed at COP29
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
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
Fossil fuel debts are illegitimate and must be cancelled
The Spring Meetings of the World Bank and IMF are a chance to transform outstanding debts for fossil fuel projects into grants for renewable energy systems
Expectations mount as loss and damage fund staggers to its feet
Demand for finance to pay for the aftermath of climate impacts is rocketing – but progress on getting a new UN loss and damage fund up and running is slow
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
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
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