Climate finance
European Commission overreported climate spending by €72 billion, auditors find
Only 13% of EU spending 2014-20 was relevant to climate action, not 20% as claimed, the European Court of Auditors said, with the biggest gap in farming policy
UN body makes ‘breakthrough’ on carbon price proposal for shipping
After a decade of talks, there is consensus at the International Maritime Organization to put a price on shipping emissions – the next question is how high
Why Denmark and Bangladesh are urging support for victims of climate disaster
Millions of people in vulnerable nations are experiencing losses and damages from climate impacts. To help them, we need to break the deadlock at UN climate talks
Philippines inquiry finds polluters liable for rights violations, urging litigation
The national human rights commission found 47 “carbon majors” acted “immorally” and could be sued – giving fresh impetus to legal challenges
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
No red alert was issued ahead of deadly South African floods
Experts say a communication breakdown, poor housing and inadequate infrastructure contributed to a death toll from extreme rainfall of 300 and rising
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
In doubling adaptation finance, ‘champions’ aim to avoid repeat of $100bn failure
Officials from European and vulnerable countries are trying to make sure promised money reaches those in need, but a US shortfall looms large
South African bank held to net zero standard for GCF accreditation
Developing country board members objected that it was unfair to hold institutions in rich and poor countries to the same green standards
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
After US fails to pay its debt, UN’s flagship climate fund warns of austerity
Without more money coming in, the Green Climate Fund’s head warned that the pipeline of carbon-cutting projects in developing countries would have to be cut
Australian carbon traders defend troubled offset market against whistleblower claims
Policy upheaval and stark criticism of the quality of carbon offsets from a former official have thrown Australia’s ability to deliver on carbon targets into doubt
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
Carney, Kyte oversee carbon offset rules to address greenwashing concerns
Two initiatives will release standards for the voluntary carbon market this year, while campaigners denounce offsetting as a “scam” that delays real climate action
‘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
‘Misleading’ Polish billboards blame EU climate policy for electricity costs
State-owned utilities are using rising energy costs to attack the EU emissions trading system, stoking tensions between Warsaw and Brussels
Germany must bring African nations into its G7 ‘climate club’
The new German government must prioritise the climate crisis in its Africa policy, and make climate diplomacy with Africa a core component of its G7 presidency
WWF-UK faces backlash over plan to sell NFTs to fund conservation work
On Twitter, WWF donors threatened to cancel their subscriptions, accusing the nature charity of greenwashing Ethereum and Bitcoin
Crypto bubble: The hype machine behind a $70,000 carbon credit
UK-based cryptocurrency venture Save Planet Earth has convinced investors it can make them rich and fix the climate, but its tree-planting vision is a long way from reality