Representatives of groups hardest-hit by the climate crisis say restrictions on their participation at the fund’s first board meeting set a worrying precedent
Germany wants all high-emitters, especially among G20 countries, to pitch in. But China and Saudi Arabia say the responsibility lies with developed nations
Changes are afoot at the IMF and World Bank – but debt-squeezed developing nations need far faster access to more finance for climate action
Brazil and France want the G20 to get behind a global minimum tax on billionaires’ wealth, also backed by IMF chief
Tired of waiting for donor dollars for climate and nature protection to trickle down, Indigenous rights groups are creating new funds to do things differently
The Spring Meetings of the World Bank and IMF are a chance to transform outstanding debts for fossil fuel projects into grants for renewable energy systems
Climate Home reveals that the World Bank Group has counted support for luxury hotels as climate finance, which experts say fails the most vulnerable
Businesses are not required to cut all their value chain emissions in line with a 1.5C warming limit – and allowing offsetting could weaken efforts further
Under pressure from the IMF, the government has redirected subsidies into education, welfare and debt reduction, leaving fuel-heavy sectors with higher costs
Demand for finance to pay for the aftermath of climate impacts is rocketing – but progress on getting a new UN loss and damage fund up and running is slow
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
The UN’s flagship climate fund is struggling to clearly manage risks in its projects, an independent review has found, making it wary of taking on high-impact projects in developing countries
UN rules governing bilateral carbon offsetting between governments have yet to be agreed but deals are being done, raising concerns about integrity
Fossil fuel companies that built gas power plants more than a decade ago are hoping for rewards from a new carbon credit market
The oil and gas giant offset part of its emissions with over a million credits from Chinese projects suspended because of integrity concerns
Renewable energy schemes make up four-fifths of Kyoto-era projects hoping to keep selling offsets under Article 6, sparking concerns over the credibility of the new market.
The minister Jean-Pierre Bemba bribed witnesses in his war crimes trial and holds power over the environment minister Eve Bazaiba
As Switzerland buys the first ever bilateral offsets, civil society’s analysis suggests the claimed emissions reductions from Thai buses would have happened anyway
The US election and negotiations on a new global finance target are the most important things for the climate in 2024
The US and EU couldn’t agree on common rules for bilateral carbon trades in Dubai, leaving a vacuum for voluntary certifiers
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
As climate officials prepare the next steps in a globally agreed shift away from fossil fuels, oil and gas executives return fire
The industry and governments’ maritime ministries want a proposed levy on emissions spent on cleaning up shipping, not used for wider climate goals like loss and damage
Britain has changed how it calculates its international climate aid, boosting its progress towards a 2026 goal without giving vulnerable countries more money
‘Blended finance’ took centre stage at Cop28, with the Green Climate Fund among its supporters. But there are still major problems with the concept that must be addressed before considering any further expansion.
Rich nations always say they need their parliaments approval for climate finance at Cops – now is the time to start
Fossil fuel fights, finance struggles, a resurgent relationship, and much more. We recap the most impactful international climate developments in 2023.
A joint statement forming the basis of Africa’s negotiating position for Cop28 is silent on the role of oil and gas
Draft guidelines for its export credit agency signal support for some gas projects until 2025 – three years after the deadline set by the Glasgow pledge
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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Trump, Thunberg set out radically different visions for the economy and climate in the 21st century
International negotiations have always focused on carbon emissions, not the coal, oil and gas that create them. That’s changing
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
Investors are sceptical about Warsaw bid to finance renewables, given its coal-heavy energy policy