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UN’s Green Climate Fund too scared of risk, finds official review
The UN’s flagship climate fund is struggling to clearly manage risks in its projects, an independent review has found, making it wary of taking on high-impact projects in developing countries
Campaigners sue EU for labelling gas sustainable
Four environmental groups are taking the EU Commission to the European Court of Justice over some gas plant’s inclusion in its green taxonomy
US bets big on carbon-sucking machines
The US has offered $3.5 billion in grants towards direct air capture, hoping to bring down the costs of removing carbon from the atmosphere
Japan, US and EU block G7 from setting coal phase out date
Canada and the UK pushed for the inclusion of a 2030 deadline to end domestic coal-fired electricity. But their plan failed following strong opposition.
World Bank’s baby steps – Climate Weekly
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Developing countries call for new government funds for World Bank
Developing nations have called for a capital increase for the World Bank, while rich nations want to stick to accounting tweaks.
Green hydrogen rush risks energy ‘cannibalisation’ in Africa, analysts say
The EU signed green hydrogen agreements with Egypt, Kazakhstan, Morocco and Namibia to supply the bloc with the gas ahead of its 2030 goals.
Green skills to pay the bills – Climate Weekly
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Migrant workers face risks building Europe’s new gas supplies in the UAE
Climate Home spoke with migrant workers in the UAE, who face harsh conditions and a lack of transparency when risk turns deadly.
Moves to crystallise right to a healthy environment spark tension at UN
Incremental resolutions at the UN are starting to make the right to healthy environment tangible, but are running into pushback from states like the US.
Insurer quits climate alliance, citing legal fears
Munich Re has left the Net Zero Insurance Alliance, fearing legal action from politicians in the US Republican party.
Greens stop blocking Australia’s new fossil fuel projects
They folded after winning concessions from the government which will make producing coal and gas more expensive
Mexico launches global push for geoengineering restrictions
The Mexican government will push others to restrict attempts to lessen the effects of climate change by blocking the sun
Nations fight to be called climate vulnerable in IPCC report
Being recognised as partiuclarly vulnerable can help countries access climate finance and plan adaptation strategies
UN tells governments to ‘fast forward’ net zero targets
Antonio Guterres said leaders of the G20’s rich nations must aim for net zero “as close as possible” to 2040 while emerging nations should set 2050 targets
Nature’s stewards under attack – Climate Weekly
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Loss and damage committee ready to start talks following Asian nominations
Six Asian countries will share two seats on the committee due to start work on establishing a fund for climate victims
Argentina secures funding boost to kickstart gas exports from ‘carbon bomb’
President Alberto Fernández is seeking funding for an export pipeline that would channel Vaca Muerta’s gas to neighbouring countries
IMF approves first batch of climate resilience loans
Five countries had loan packages approved under the IMF’s first sustainability fund, but concerns remain about whether it will boost resilience for the most vulnerable nations
Lawyers and activists build pressure on Korean court to rule on climate
Pressure is building on South Korea’s constitutional court to make a key climate change judgment, as the government prepares to publish its first carbon neutrality plan