Climate finance
South Africa approves $8.5bn energy transition investment plan
Insiders say less than 3% of the money rich countries promised is earmarked as grants, raising concerns about fairness and South Africa’s debt burden
Financial system shake-up – Climate Weekly
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US, Germany back ‘fundamental reform’ of World Bank to scale climate finance
A group of 10 countries led by the US and Germany have presented the bank’s management with a plan to reform the institution this week
Corporate pushback against climate action is getting desperate
Our UN-backed initiative was told we could be sued for saying new coal isn’t compatible with science-based targets. We need regulatory reform
Compact for the climate frontlines – Climate Weekly
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Mia Mottley builds global coalition to make financial system fit for climate action
In July, Barbados’ prime minister invited leaders to a retreat to discuss plans to scale-up international finance for the climate frontlines. Now, she’s asking the world for support
When the EU and US score climate points off China, Africa suffers
Frans Timmermans and John Kerry are downplaying historic responsibility for the climate crisis. That’s a red flag for Africa
Five burning climate issues for the 2022 UN general assembly
Pakistan’s catastrophic flooding and soaring energy bills are shaping the UN agenda – for those leaders who show up
After finally passing a climate bill, US calls on others to act
Climate negotiators expressed relief as the US secured congressional support for climate spending, but said developing countries need direct support to follow
Colombia’s new president calls for debt swap to protect the Amazon
“We can turn the entire population of the Colombian Amazon into a population that cares for the forest, but we need the world’s funds to do it,” says Gustavo Petro
Rich countries fall $17bn short of 2020 climate finance goal
2020 was the deadline for delivering the $100bn climate finance promise
Massachusetts set to enable citizens to give climate finance to vulnerable nations
In a world first, the American state is expected to adopt a bill that would let people contribute to the Least Developed Countries Fund when filing their tax return
Patricia Espinosa: Some rich nations felt demands on finance were ‘too strong’
Outgoing UN climate change head says finance from rich to poorer nations is what makes the international action possible – and failure to deliver is stalling progress
IMF’s resilience fund ‘out of reach’ for some nations in need
The Resilience and Sustainability Trust aims to help countries prepare for climate shocks. Bangladesh, Zimbabwe and the Philippines are among those unlikely to qualify
Vulnerable nations set to pilot loss and damage funding facility
Finance ministers from vulnerable nations have secured philanthropic funds to demonstrate how support for victims of the climate crisis could work
DR Congo audit exposes ‘lawless’ logging sector, implicating six former ministers
As Norway, UK and Germany commit millions to protect the Congo rainforest, a damning report shows governance in chaos
The world’s poorest have the strongest resilience, yet their voices remain unheard
Those on the frontline of the climate crisis have something to teach the world about climate resilience if they are given a meaningful seat at the table
Climate finance should not be made to compete with aid to Ukraine
As governments redirect emergency aid to Ukraine, they need to find additional funds for climate finance and not pitch the two crises against each other
‘Betrayal’: US approves just $1bn climate finance for developing countries in 2022
The Biden Administration committed to deliver $11.4 billion a year in climate finance by 2024, but Congress approved a mere fraction of that
Haven of African elephants at risk, say park rangers decrying poor pay and conditions
Forest guards in Gabon say their salaries are often paid several months late and are threatening to go on strike