Rich world’s leaders fail to commit to Paris global financing summit
Just two weeks ahead of a key climate and finance summit, only two developed country leaders have promised to turn up
World Bank set to take on risk of insuring carbon credits amid market upheaval
As a growing number of developing countries tighten control over carbon markets, MIGA plans to step in to provide political risk insurance and facilitate investments.
Bitter conflicts stop Eastern Europe from choosing next year’s Cop host
Divisions over wars between Russia and Ukraine and Azerbaijan and Armenia are delaying the choice of the host of next year’s climate talks
Turkiye joins Australia in race to host Cop31 climate talks
Turkiye and Australia will vie for the support of Western Europe, North America and New Zealand in their bids to host the 2026 climate talks
Fake social media profiles wage “organised” propaganda campaign on Cop28
Over a hundred Twitter profiles are suspected of a coordinated effort to influence opinion online. The Cop28 team says these activities are “unacceptable”.
Colombia accuses Drummond coal mining exec of funding paramilitary group
The current Colombia head of an American coal miner will face trial, accused of giving money to right-wing paramilitaries in the late nineties
“Green” funds destroy Indonesia’s forests – Climate Weekly
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“Green” finance bankrolls forest destruction in Indonesia
Green funds have been spent cutting down trees for biomass to make electricity, decimating the traditional food sources of indigenous people
Row over veto powers holds up Paris plastic treaty talks
Saudi Arabia and a group of emerging economies like China, India and Russia pushed to keep vetoes in plastic treaty talks
FSC’s rehab scheme for forest destroyers under fire after fresh allegations
Indonesian pulp and paper giants are trying to rehabilitate themselves with the FSC despite continued accusations of deforestation in their supply chains
Amazon gateway city Belém will host Cop30 climate talks
Brazil’s president Lula said Belém will host Cop30 so that delegates from around the world can learn about the nearby Amazon rainforest.
Japan joins anti-plastic coalition ahead of Paris treaty talks, leaving US isolated
After Japan joined the high ambition coalition against plastics production, the US is now the only major developed country not a member
Governments fall short in UN’s East Africa drought appeal
Donor countries promised only a third of the $7bn the UN was appealing for to provide humanitarian aid to drought-stricken Kenya, Ethiopia and Somalia.
UN advises against offsets for carbon removal technologies
Billions of dollars are pouring into tech-based solutions to suck carbon dioxide from the atmosphere but the UNFCCC says they are unproven and pose unknown risks.
World Bank body delays vote on controversial loan to Brazilian dairy firm
Campaigners say the $32m loan to dairy firm Alvoar Lacteos could damage forests in Brazil
UK sued over plan to import more polluting Australian beef
Campaigners are challenging the UK government over its assessment of environmental impacts of a trade deal with Australia
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Restrictions on energy firm’s borrowing complicates South Africa’s energy transition
The South African government has told cash-strapped power company Eskom it can’t invest in new electricity generation
Verra boss steps down after criticism of its carbon credits
The carbon credit certifier has both grown rapidly and faced mounting integrity accusations during outgoing CEO’s tenure.
Lula set to improve Brazil’s climate target
Brazil’s new president Lula is set to improve on the climate target set by his far-right predecessor Jair Bolsonaro, Reuters sources say