Climate finance
World Bank raises $100 billion for poor nations in boost for climate finance
Countries increased their contributions to the International Development Association in its largest replenishment yet, but experts warn rising inflation means a real-term cut
COP29: Five most dramatic moments from the UN climate summit in Baku
The COP29 climate talks saw tearful speeches, hollow laughs, diplomatic spats and walk-outs before ending with a finance deal pushed through in controversial circumstances
What was decided at the COP29 climate summit in Baku?
From a controversial $300bn-a-year climate finance deal to stranded emissions-cutting talks and a new global carbon market, here are the main outcomes
India fires warning shot with rejection of finance deal at COP29
India gave a fiery speech after UN talks approved a new climate finance goal, suggesting rich nations are failing in their duty to help the Global South
Fractious COP29 lands $300bn climate finance goal, dashing hopes of the poorest
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 Bulletin Day 12: Carbon market rules adopted after walkout delays finance talks
COP29 approved a long-awaited rulebook for carbon markets as vulnerable countries pushed for a bigger slice of a new finance goal, disrupting talks
COP29 Bulletin Day 11: Global South slams proposal for $250bn climate finance goal
The latest text suggests a rich government-led finance goal of $250 billion a year by 2035, which the African Group called “totally unacceptable”
COP29 Bulletin Day 10: Draft finance text missing numbers, more effort sought on emissions-cutting
The draft text outlines two very different options on the post-2025 goal for finance for developing nations, leaving out amounts
India, donor countries give up on Just Energy Transition Partnership – German official
Germany officials confirmed India and donor countries dropped a deal to accelerate the phase-out of fossil fuels in the South Asian country
COP29 climate finance talks must have a strong adaptation focus
The new finance goal needs clear and enforceable adaptation targets to help vulnerable countries cope with the impact of climate change
COP29 Bulletin Day 9: Developing nations deride “$200bn” finance rumour
Emerging economies reject an informal number being floated for government provision under the new goal and say they won’t join the donor pool
Can climate funders overcome fear to tread in conflict zones?
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
As climate-vulnerable countries, we know what kind of finance we need
COP29 negotiators must agree a new climate finance goal that genuinely works for debt-strapped developing nations
COP29 Bulletin Day 8: G20 backs new climate finance goal but ignores fossil fuels
G20 leaders “commit to successful negotiations in Baku”, including on climate finance, but promise little else to unblock fraught talks
Gender equality cannot be last on the agenda at COP29 climate talks
Climate action initiatives will only achieve their potential if women get more decision-making power and access to finance
Why the international community should back Colombia’s post-fossil fuel plan
At COP29 talks in Baku, rewarding Colombia’s leadership would build confidence in the transition to a greener, fairer world
COP29 Bulletin Day 5: Pressure to clean up COPs and shortfall in adaptation pledges
Top scientists and former UN chiefs call for fossil fuel-supporting nations to be excluded as COP hosts, while Adaptation Fund struggles for cash
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
COP29 Bulletin Day 2: Aliyev defends fossil fuels, G77 unites on finance goal
Azerbaijan’s president repeats his claim that oil and gas are a “gift from the god” before the UN chief says “doubling down on fossil fuels is absurd”
In numbers: The state of the climate in 2024
At the start of COP29, new reports warn that 2024 is set to be the hottest year on record as global warming temporarily tops 1.5C and climate disasters surge