Climate finance
Colombia gets $70m from new global renewable integration fund
Colombia will get the first pay-out of a $300m Climate Investment Funds pot for transmission lines, batteries, EV chargers and green hydrogen
Rich nations mobilise $15.5bn for Vietnam’s coal-to-clean transition
The deal will help Vietnam to peak its greenhouse gas emissions five years earlier than planned and scale up renewable energy generation
Cop27 tees up speed dating for climate investment deals
Sharm el-Sheikh talks are expected to approve a series of matchmaking events between investors, governments and project developers
Republican gains quash hopes of US delivering on climate finance
The results of the US midterm elections make it harder for president Joe Biden to meet his promise to developing countries
EU opens the door to a loss and damage facility – if China pays
Frans Timmermans gave the strongest signal yet the EU is willing to consider a fund for climate victims – but no decision this year
Latin America closes ranks at Cop27 around climate finance
Debt and climate shocks, combined with political shifts, have united historically left- and rightwing countries behind common asks
Cop27 bulletin: Could polluter taxes fund loss and damage?
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As Cop27 kicks off, where are the coal to clean deals at?
Rich countries have been discussing “just energy transition partnerships” with South Africa, Indonesia, Vietnam, India and Senegal
South Africa pitches $84bn plan to shift from coal to clean energy
President Cyril Ramaphosa set out a 200-page investment plan ahead of Cop27 climate talks, urging partners to finance his vision
John Kerry: Carbon offsets can help wean developing countries off coal
The US special envoy wants the voluntary carbon market to finance energy transitions in emerging economies – but partner countries aren’t keen
Climate finance isn’t reaching African communities – Cop27 must fix this injustice
Indigenous peoples and local communities receive less than 1% of all climate funding despite scoring wins for people and nature
Climate fund approves plan to speed up coal retirement in Indonesia
The Climate Investment Funds aims to mobilise $4 billion from public and private sources to start decarbonising Indonesia’s power sector
Breakdown: Who is contributing what to South Africa’s clean energy shift
A leaked summary shows Germany and France are providing cheap loans while the UK is making the biggest contribution to mobilise private finance
South Africa approves $8.5bn energy transition investment plan
Insiders say less than 3% of the money rich countries promised is earmarked as grants, raising concerns about fairness and South Africa’s debt burden
Financial system shake-up – Climate Weekly
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US, Germany back ‘fundamental reform’ of World Bank to scale climate finance
A group of 10 countries led by the US and Germany have presented the bank’s management with a plan to reform the institution this week
Corporate pushback against climate action is getting desperate
Our UN-backed initiative was told we could be sued for saying new coal isn’t compatible with science-based targets. We need regulatory reform
Compact for the climate frontlines – Climate Weekly
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Mia Mottley builds global coalition to make financial system fit for climate action
In July, Barbados’ prime minister invited leaders to a retreat to discuss plans to scale-up international finance for the climate frontlines. Now, she’s asking the world for support
When the EU and US score climate points off China, Africa suffers
Frans Timmermans and John Kerry are downplaying historic responsibility for the climate crisis. That’s a red flag for Africa