Climate finance
Denmark becomes first country to pledge ‘loss and damage’ finance
Rich countries have long resisted giving money specifically for the “loss and damage” that climate change is causing
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
Pakistani prime minister promises compensation to flood victims
The government will offer financial aid to those who lost homes and crops in Pakistan’s worst-ever floods, Shahbaz Sharif said
Five priorities for a meaningful post-2025 climate finance target
The quality of climate finance is as important as the quantity to rebuild trust after rich countries failed to deliver on their $100bn by 2020 target
Displaced by drought, climate migrants clash with Zimbabwe’s timber industry
After suffering from extreme drought, farmers have settled in timber plantations in eastern Zimbabwe, clashing with government and industry
Who will pay for Pakistan? – Climate Weekly
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African nations eye debt-for-climate swaps as IMF takes an interest
An IMF working paper argues in favour of swapping debt repayments for climate investments in debt-burdened nations – the issue is scale
Pakistan floods must be a wake up call on climate action
The colossal disaster shows why rich countries must deliver on finance for loss and damage at Cop27 international climate talks
UN seeks $160 million in emergency aid for Pakistan floods
One in seven Pakistanis have been affected by severe flooding after the heaviest rains in three decades swept away poorly protected housing and infrastructure
World Bank backs carbon credit blockchain registry to attract crypto investors
The World Bank wants to direct the NFT craze towards projects that cut emissions and improve the transparency of carbon offset markets
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
Chinese companies seek global carbon market for green hydrogen
A project that supplied green hydrogen for buses at the Winter Olympics could be the first of its kind to sell carbon credits through the Clean Development Mechanism
Rich countries fall $17bn short of 2020 climate finance goal
2020 was the deadline for delivering the $100bn climate finance promise
US Democrats pull back from the brink – Climate Weekly
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Make polluters pay for climate adaptation, voluntary carbon market body proposes
An adaptation levy on carbon credits could raise up to $2.5bn a year by 2030, providing more predictable support for climate vulnerable countries
UK freezes international aid to keep within self-imposed limit
Climate and food programmes are expected to suffer from a pause on aid spending at a time of rising hunger
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
Germany promotes insurance-based ‘global shield’ for climate victims
The German initiative aims to fix the flaws in humanitarian aid, but with no new money behind it campaigners are sceptical
Germany, Japan must not water down G7 commitment to end fossil fuel finance
There are worrying signs from Berlin and Tokyo of backsliding on a pledge to end public finance for fossil fuel projects overseas by the end of the year