Climate finance
With increased climate finance, Africa can lead the green industrial revolution
Africa could see the creation of millions of green jobs, along expanded and resilient global value chains – but for this to happen, it needs more international support
Is COP29 “breakthrough” on UN carbon market all it seems?
Azerbaijan presidency claims Article 6 could help countries save $250 billion a year – but experts warn UN carbon trading is still some way off
Frontline countries must not be stuck with the climate bill at COP29
Someone will have to pay for the rising costs of the climate crisis – will it be those causing the damage, or those that suffer it?
From cyclone to drought, Zimbabwe’s climate victims struggle to adapt
Five years after Cyclone Idai devastated eastern Zimbabwe, relocated communities face a new threat – water shortages – with authorities saying they lack money to build a dam
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
Verra’s plan to review carbon credits faster with fewer staff raises integrity concerns
Verra’s new CEO said that “faster does not equal to compromise on integrity” – but independent carbon market experts are sceptical
G20 waters down experts’ climate finance report, despite UN pressure to act
A report by top economists on finance for climate action was weakened after feedback from G20 nations, even as the UN says they must all slash emissions
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
European Central Bank holds back plan to boost climate finance for Africa, Latam
The African and Inter-American Development Banks want assets channelled through them so they can get more from the money
Parametric triggers: How small islands can escape the climate-poverty trap
The loss and damage fund should use parametric triggers to pay out when climate disaster strikes small island developing states
Why we need new laws to end coal, oil and gas – now
Introducing strong policies to accelerate the rollout of renewables, coupled with a rapid, legally implemented phase-out of fossil fuels, may be our best hope for curbing global warming
The Global South is surging ahead in the renewables revolution
Many developing countries are rich in renewable resources and growing them fast – with more investment, they can tip the balance towards green industrialisation
To capture renewable energy gains, Africa must invest in battery storage
With rich raw materials and rising interest in manufacturing capacity, the continent can become a global leader in the battery storage value chain – but it needs international capital
UN approves carbon market safeguards to protect environment and human rights
Developers of carbon credit projects will have to carry out a risk assessment and minimise any social or environmental impacts
How the world can set itself up for success at COP29
A new climate finance goal is the top priority for the Baku summit – and there are signs of convergence on critical issues
Progress on structure for new global climate finance goal but trickier divides persist
Negotiators cite “convergence” on the shape of the post-2025 finance goal but gaps remain on contributors and amounts
Japan backs fossil fuels in Southeast Asian “zero emission” initiative
Japan’s Asia Zero Emission Community (AZEC) supported 56 projects using fossil fuel technologies in Southeast Asia — including LNG and carbon capture
Guyana’s carbon-credit deal to protect forests undermines its forest protectors
Guyana’s Indigenous communities are under siege from all sides – including an opaque carbon-offsetting scheme agreed by the government on our lands
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
Amazon state that will host COP30 strikes “largest carbon credit sale in history”
A coalition of governments and multinational corporations promises to pay Pará state $180m to save its rainforest