After fiery talks, a new post-2025 goal was adopted but some developing nations dismissed it as too small to meet their needs amid growing climate stress
COP29 approved a long-awaited rulebook for carbon markets as vulnerable countries pushed for a bigger slice of a new finance goal, disrupting talks
The draft text outlines two very different options on the post-2025 goal for finance for developing nations, leaving out amounts
Germany officials confirmed India and donor countries dropped a deal to accelerate the phase-out of fossil fuels in the South Asian country
Emerging economies reject an informal number being floated for government provision under the new goal and say they won’t join the donor pool
At COP29, fragile climate-vulnerable countries launched a network aimed at securing the climate finance they say has been slow to come as their needs surge
COP29 negotiators must agree a new climate finance goal that genuinely works for debt-strapped developing nations
G20 leaders “commit to successful negotiations in Baku”, including on climate finance, but promise little else to unblock fraught talks
Rules finalised at COP29 will make sure carbon credits enable more ambitious climate goals while delivering benefits to local communities
Climate action initiatives will only achieve their potential if women get more decision-making power and access to finance
GCF chief Mafalda Duarte tells Climate Home how she plans to boost the fund’s impact and position it to secure more resources
GCF head Mafalda Duarte promises a more proactive plan to bring cash to the most vulnerable countries struggling with climate impacts
In its first such move, the Green Climate Fund has pulled out of a project after developers failed to address environmental and social compliance issues
The UN’s flagship climate finance initiative can barely sustain its existing portfolio after a lackluster fundraising conference on Thursday
The UN’s flagship global climate fund looks likely to have to rein in its ambition, after France announced just a 4% boost in its contribution.
The Green Climate Fund suspended a $117 million forest conservation project in Nicaragua over escalating violence against indigenous people.
Developed countries pushed for more focus on private money while developing governments wanted more public money from rich nations
The pledge sets the bar for other wealthy countries and puts the fund on track for what it calls a “mid” level of ambition
Azerbaijan presidency claims Article 6 could help countries save $250 billion a year – but experts warn UN carbon trading is still some way off
Verra’s new CEO said that “faster does not equal to compromise on integrity” – but independent carbon market experts are sceptical
Developers of carbon credit projects will have to carry out a risk assessment and minimise any social or environmental impacts
Guyana’s Indigenous communities are under siege from all sides – including an opaque carbon-offsetting scheme agreed by the government on our lands
A coalition of governments and multinational corporations promises to pay Pará state $180m to save its rainforest
The carbon market standard found “serious” quality issues with the projects, prompting questions about their initial approval
The Integrity Council for the Voluntary Carbon Market decided existing renewables methodologies don’t do enough to prove their emissions reductions are additional
The Biden administration throws its weight behind the industry’s attempts to boost integrity in the beleaguered market
Strong action on climate change would shrink demand for vessels by a third, impacting investment decisions being made now, analysts say
The French president gathered the world’s biggest investors this week to push them to back climate-friendly projects
Ratings agencies say the state’s bid to go 100% renewable poses a ‘significant threat’ to gas generators’ credit stability
Shareholders are taking the Commonwealth Bank to court, alleging that it is misleading investors about its financial position
Report by Climate Action Tracker warns that overly bullish gas demand forecasts will lead to stranded assets or an unsafe future climate
Shareholders in world’s largest private oil company won a victory that signals deep unease about climate change amongst major investors
Major investors BlackRock and Vanguard could tip the balance and force oil firm to publicly divulge risk clean technology and regulations pose to its business
PM Theresa May has offered to help wean Saudi Arabia off oil, but her government’s subsidies to North Sea producers are a poor model for the Middle East petrostate
Several new guidelines for biodiversity credits were launched at COP16 in Cali, Colombia, where activists warned on risks to nature conservation efforts
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
The investment plan mirrors the model of Just Energy Transition Partnerships (JETPs) – and includes $8.5 billion to conserve and restore nature
Simon Stiell tells investors in NYC that rich countries are benefiting most from clean energy growth while poorer nations are deprived of finance for cheaper renewables
Action on clean energy and adaptation can be the single greatest opportunity to lift up African people and economies, Simon Stiell says
While international public finance for coal, oil and gas has fallen by two-thirds, little of that money has gone to boost green energy in poorer countries
Environmental campaigners take the EU to court over the inclusion of fossil fuel-powered planes and ships in green taxonomy
Climate-proofing homes is now an essential response to regular extreme weather events and can help prevent displacement
Climate Home found leading asset managers hold shares in coal firms within funds touting sustainable credentials
Rich countries should take concrete steps to stem the global flow of funds from their commercial banks which are fuelling expansion of the coal industry
The International Finance Corporation is closing a loophole that allowed its financial clients to continue funding new coal projects
Climate Investment Funds CEO Mafalda Duarte has been tasked with mobilising private capital to help wean developing countries off coal and create cleaner jobs
CIMB has been hailed as the first major bank in an emerging market to publish a coal exit strategy, after investing $2.6 billion in the sector last decade
Incentives for long-term sustainability, an end to fossil fuel subsidies, more telework are all needed to make the global economy resilient to shocks like Covid-19
Climate Analytics research group calls on Seoul to phase out existing coal-fired power plants, stop new construction and halt funds for coal projects in other Asian nations
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Japan’s Asia Zero Emission Community (AZEC) supported 56 projects using fossil fuel technologies in Southeast Asia — including LNG and carbon capture
The Japan Bank for International Cooperation approved a loan to the controversial Vung Ang 2 coal project from a facility intended for “environmental preservation”
Nominee to lead the bank told MEPs it could adopt new measures to prefer green investments if she is confirmed
Christiana Figueres is urging public authorities and corporates to scale up climate-friendly infrastructure investment by 2020, under the “green bond pledge”
Money raised by the Power Finance Corporation will support solar and wind projects, contributing to national renewables target of 175GW capacity by 2022
Prime minister Frank Bainimarama says money raised with help from the World Bank sets an example for innovative green finance to protect the vulnerable
Beijing’s sustainable finance push is bearing fruit, with a world-leading $36.9bn worth of green bonds issued last year
Donald Trump’s US election win may damage the Paris climate deal, but climate risk reporting rules for businesses could radically change the investment landscape