Climate finance
Development banks eye pension funds in new climate finance drive
Manager of Climate Investment Funds says it wants to de-risk low carbon projects in developing world, unlocking trillions from institutional investors
Latin America regional bank to scale up climate investments
NEWS: Inter-American Development Group aims to double spending on green projects to US$4bn a year by 2020
Green Climate Fund considering proposals worth $5 billion
NEWS: UN’s flagship clean investment fund plans radical boost in support for developing countries once strategy is agreed by board this week
Kyte: Universal energy access possible by early 2020s
NEWS: Sustainable Energy 4 All chief says major strides in clean energy, efficiency and finance mean target of powering entire planet is closer than ever
UAE opens $10bn green credit line in Gulf first
NEWS: Developing countries will be the target of National Bank of Abu Dhabi’s 10-year pledge to tackle “significant” energy funding gap
Green Climate Fund must think micro for macro impact
COMMENT: Support for locally-led adaptation initiatives may not sound sexy, but small targeted interventions will help the GCF drive a climate finance paradigm shift
Bangladesh Bank launches $200m ‘green transformation fund’
NEWS: Following successful solar homes microfinance push, governor Atiur Rahman seeks to clean up textiles manufacturing
City slickers eye up growing climate finance sector
ANALYSIS: Green bonds, clean energy and efficient infrastructure offer vast potential in a market one banker describes as ’50 shades of green’
US primed to deliver first $500m to Green Climate Fund
NEWS: Budget bill agreed by Congress opens door for funds to help world’s poorest cope with future climate impacts and invest in clean energy
Climate finance: 5 takeaways from a Paris climate deal
ANALYSIS: A new UN climate pact has the potential to shift trillions into green energy and help poorer countries prepare for future impacts
Carbon markets grow, but global price is out of reach
ANALYSIS: A global carbon price is out of reach, but governments meeting in Paris can promote linking of national carbon markets
In Paris, polluters in focus as investors shun climate risk
ANALYSIS: So far, the most visible investor impact of climate change is divestment. But a bigger, quieter shift has started, to low carbon, and “climate aware” polluters
Time for a reality check on adaptation finance
COMMENT: Wealthy governments risk inflating the private sector’s contribution to a $100 bn target to climate-proof developing countries
Rich countries urged to pay ‘fair share’ of climate adaptation finance
NEWS: By 2025, US should channel 150 times more money into projects like flood defences for the world’s poor, Action Aid argues
Global climate cash flows neared $400bn in 2014 – report
NEWS: Finance for renewable energy and climate resilience increased 18% from 2013, calculates Climate Policy Initiative
Mattias Soderberg: Europe has missed its chance on climate finance
COMMENT: With no concrete commitments to scale up cash, EU position will fail to win developing country allies at Paris COP21
Climate change could push 100m into extreme poverty
NEWS: World Bank warns of human impact by 2030 if development doesn’t protect the most vulnerable from extreme weather
Green Climate Fund approves first eight projects
NEWS: Board signs off US$168 of investment in clean development and climate resilience in Zambia, after heated debate on lending criteria
BlackRock partners with Climate Bonds Initiative
NEWS: Investor worth US$4.5 trillion gets on board with drive to scale up climate-friendly infrastructure investment
IMF to factor climate risk into world economic forecasts
NEWS: Influential finance body is mainstreaming climate concerns in move that could spotlight threats to oil exporters, say experts