Trump complains US share of climate finance is unfair

Donald Trump suggests China, India, Russia should pay more into the UN-backed Green Climate Fund

EU must stop trying to dictate Africa’s clean energy future

Strong-arm tactics by the European Commission and France to bypass African leadership are unacceptable, writes Mohamed Adow

EU, France accused of hijacking ‘Africa-led’ clean energy scheme

African head of $10bn programme quits, saying French environment minister Ségolène Royal intervened to impose EU-preferred projects

Insurers urged to stop underwriting coal projects, following Axa move

#UnfriendCoal campaign targets the insurance sector to end support for climate-polluting fossil fuels

Groundwater recharge offers hope to drought-hit Indian farmers

In Odisha, where late monsoons mean crop failures, poverty and even suicide, a novel scheme aims to boost water access

Brazilian government fires top anti-deforestation official

Thelma Krug has lost her job in a row over the precision of official data, say sources at the environment ministry

UK is in no position to lecture Saudis on oil dependence

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

Green Climate Fund ‘a laughing stock’, say poor countries

It was hydropower dams in, community drought readiness out, amid rich-poor tensions at the UN’s flagship climate finance scheme


Green Climate Fund

Rich countries oppose bid to drought-proof Ethiopian communities

Debate at Green Climate Fund board meeting in Songdo exposes rich-poor tensions over flagship initiative’s funding priorities

Large hydropower dams have no place in the Green Climate Fund

The UN’s flagship climate finance initiative should be driving innovation, not wasting money on old technology saddled with resilience and human rights concerns

Trump budget: US to stop funding UN climate process

“America First” budget would axe 20% of the UN’s climate body’s funding and $2bn to help developing countries deal with global warming

Climate fund, EPA likely to pay for huge Trump defence spend

As the US president announces a $54bn increase in defence spending, environmental agencies and UN climate funds face the axe

Obama sends $500m to UN climate fund

With the clock winding down on his presidency, Barack Obama signs over half a billion dollars to help poor countries fight climate change

7 tasks for the new Green Climate Fund chief

The new head of the UN’s green fund has a packed to-do list: here Climate Home outlines what he should focus on in his first year in charge

Green Climate Fund misses 2016 target as US donation in doubt

Board celebrates approval of projects worth $1.3bn at meeting in Samoa, but falls short of $2.5bn goal and delays key policy decisions

Dear Green Climate Fund board, Samoa needs you to deliver

This week’s meeting of the Board of the Green Climate Fund (GCF) in the Samoan capital Apia – here the country’s ambassador to the UN outlines his hopes

Green Climate Fund

Carbon markets

German coal plants burn on as EU carbon price stagnates

EU emissions trading data show €5 a tonne of carbon dioxide is not enough to drive dirty brown coal off the system

Weekly wrap: China to snub EU over ETS?

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China floats split with EU over carbon trading

EXCLUSIVE: Government official tells Climate Home that carbon trading is “big challenge” for China: “We would like to use a different kind of economic instrument”

Market shrugs as EU lawmakers pass carbon trading reforms

Carbon prices stayed steady at €5 a tonne in response to package filled with concessions to big polluters

Top US Republicans pitch $40 carbon tax to Trump

GOP veterans say carbon dividend could put money in pockets of 70% of poorest in US while significantly cutting greenhouse gas pollution

BP’s energy outlook: reality check or PR bullshit?

Energy companies predict a dangerous climate future of high oil demand, but they persistently underestimate clean energy

Global 2C warming limit not feasible, warns top economist

With “extreme policy measures”, a 2.5C limit is in reach, according to latest climate model from William Nordhaus

EU member states split on carbon market ambition

Spain, Italy and Eastern European countries resisted reforms to boost the flagging carbon price at a ministerial meeting on Monday

Carbon markets

Carbon bubble

Exxon Mobil shareholders renew call for 2C climate analysis

New York State and the Church of England lead investors worth US$4trn in campaign for US oil major to disclose climate risks

Coal and oil demand ‘could peak in 2020’

Solar power and electric vehicles will wreak havoc on the energy sector, say analysts from Carbon Tracker and Grantham Institute, in contrast to rosy industry forecasts

Carney climate taskforce ‘misrepresents’ Paris deal

Head of the ‘Plan B’ climate NGO argues Financial Stability Board plans to enforce better disclosure of climate risk from companies are just enforcing status quo

Tar sand pipelines batter Canada’s climate leader tag

Green groups say PM Justin Trudeau talks tough on international stage but is failing in his duty to cap domestic emissions from oil and gas with move to greenlight pipelines

Paris climate deal will not kill fossil fuels, says ex-Saudi oil chief

Influential former oil and climate envoy says solar is the future but predicts strong growth prospects for oil and gas sector, despite climate policies

Exxon CEO: world needs oil of five Saudi Arabias by 2040

Rex Tillerson tells industry event oil and gas companies will thrive in coming decades despite climate policies

Saudi Arabia says oil industry must meet climate goals

Oil chief Khalid Al-Falih cites the Paris climate deal at industry event in London, but adds oil and gas will provide the bulk of world energy supplies for decades

Why the new climate math is a declaration of war

Some of the most influential thinkers about climate change have decided that the time for negotiation with fossil fuel companies is over

Carbon bubble

Climate finance

Why is the UK selling its flagship climate bank?

Theresa May’s government is set to flog the once-prized Green Investment Bank to an Australian outfit nicknamed the “vampire kangaroo”

Gates hopeful Trump will support green energy

Federal support for research and development into clean tech should appeal to incoming president, says Microsoft billionaire

Adaptation finance: climate change’s forgotten child

Top advisor to poor countries says he’s changing advice and telling them to give up reliance on the promises of adaptation funding from developed countries

Republicans plan multi-billion dollar climate budget raid

Under President Trump, the US is expected to halt cash for climate-friendly development, holding back international action

Climate finance in 2016: 4 reports you need to read

Funds for clean energy and climate resilience are flowing, but fuzzy reporting on what counts as green finance makes tracking support tricky

To deliver on Paris, world’s poorest need climate funding

To meaningfully engage in these crucial rule-making processes, poor governments need continued financial and capacity-building support to be able to contribute

Rich nations on course to miss 2020 climate finance goal

Study by British and Australian administrations says wealthy nations likely to miss politically sensitive $100 billion goal, but flows will continue to rise

As the world hails Paris, Africa’s energy plans are stagnating

Despite bold promises of the UN’s first comprehensive global warming deal, African governments feel their demands for energy equity are being ignored

Climate finance


Anti-fossil fuel activists stage Louvre oil slick

Group protesting against museum’s links to oil major Total create symbolic river of crude on steps in front of one of the museum’s main attractions

Irish lawmakers vote to divest from fossil fuels

Ireland could become the first country to fully divest its sovereign wealth fund from coal, oil and gas

Church of England to launch climate investment tracker

Church Commissioners say Transition Pathway Initiative will allow them to hold major polluters to account at shareholder meetings

Climate divested funds now bigger than listed oil, gas sector

Outgoing UN chief hails news as value of organisations ditching polluting fossil fuels doubles to $5tn in 2016

Think tank takes “unburnable carbon” warnings to Wall Street

The Carbon Tracker Initiative, hailed by US environmentalist Bill McKibben for changing the climate debate, is opening an office in New York

Exxon and climate change: Why it’s better to engage than divest

Investors must stay involved with oil majors rather than exit and allow a far more dangerous off market game to ensue

Risky bet: Does divestment slow or speed green growth?

Head of France’s top public pension fund says engagement on climate change within companies can deliver results

Embrace 2C climate target to boost value, oil majors told

Limiting exploration in line with climate goals makes financial sense, says Carbon Tracker ahead of ExxonMobil, Chevron AGMs


Green bonds

China is taking the green bond market by storm

Beijing’s sustainable finance push is bearing fruit, with a world-leading $36.9bn worth of green bonds issued last year

Risky business: G20 panel to order climate stress tests

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

Poland green bond issue will not fund coal, says official

Investors are sceptical about Warsaw bid to finance renewables, given its coal-heavy energy policy

UK pitches China for climate-friendly finance trillions

London’s expertise places it in pole position to channel private finance to China, as superpower seeks to invest around $4 trillion a year in infratsructure

Green bonds must keep the green promise

Robust standards are urgently needed to channel capital debt markets into climate-friendly projects, says WWF France chief Pascal Canfin

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

Apple launches $1.5bn green bond

NEWS: Technology giant is raising finance for renewable energy, greener materials and efficiency

Bangladesh Bank launches $200m ‘green transformation fund’

NEWS: Following successful solar homes microfinance push, governor Atiur Rahman seeks to clean up textiles manufacturing

Green bonds