Climate finance
African nations settled for ‘moral pact’ with US on adaptation finance at Cop26
With the US refusing to budge on the text of the Glasgow agreement, African nations reluctantly accepted a promise of stronger voluntary support
Mia Mottley: the ‘fearless’ leader pushing a global settlement for the climate frontlines
The first female prime minister of Barbados is elevating wonky discussions on the future of global finance to the highest political level
Climate reparations become a crunch issue as Cop26 goes into overtime
The US and EU have resisted calls for finance to the victims of climate disaster, but developing countries say it is a red line
Cop26 deal brings support for victims of climate disaster a step closer
The Santiago Network could be up and running in a year, but thorny issues of how to fund it and channel aid to frontline communities have yet to be decided
Developing countries put a number on post-2025 climate finance ask: $1.3trn a year
African nations and a group of 24 “like-minded” countries that includes China and India accuse donor countries of ducking substantive talks on finance
Support for vulnerable nations could ‘make or break’ Cop26 talks
As ministers arrive in Glasgow to broker a political deal, a lack of aid for those on the front lines of climate impacts is a sore point
Canada, US, Italy among 20 countries to stop financing fossil fuels internationally
Major backers of coal, oil and gas projects will stop supporting them from 2023, instead backing clean energy in other countries
Big business must not be allowed to set the carbon trading agenda at Cop26
Delicate negotiations on carbon market rules in Glasgow could be thrown off course by the big banks’ push to “scale up” voluntary carbon trading
South Africa $8.5bn finance package offers a model for ending reliance on coal
The package was hailed as “groundbreaking” for being country-led and addressing a need to reskill and support coal miners
Caught between EU pressure and soaring demand, AIIB weighs end to gas finance
Many Asian countries see gas as a “transition fuel” away from coal, while Brussels is urging the region to go straight to renewables
Scotland breaks loss and damage “taboo”, raising hopes others will follow
Vulnerable countries welcomed Scotland’s leadership in helping victims of climate disaster, saying rich countries need to institutionalise support at Cop26
Donor nations commit $1.7bn to help indigenous people protect forests
The funding from US, UK, Germany, Norway and the Netherlands confronts the weakening of indigenous land rights in countries like Brazil
How we as European climate envoys are backing action on adaptation finance
The Netherlands, Denmark and others are committed to supporting vulnerable countries in adapting to climate change impacts
To close 1.5C gap, countries face call for another round of climate pledges by 2023
The Cop26 presidency is considering a proposal to strengthen ambition beyond the Glasgow summit, but it faces resistance from emerging economies
‘Chess game’ as negotiators seek elusive carbon market deal at Cop26
Agreeing on rules for a global carbon market has become a high-level political focus of the Glasgow summit but experts warn getting it wrong will undermine 1.5C ambition
Donor countries set to reach $100bn climate finance target in 2023 – three years late
The UK presidency hopes a delivery plan for long-promised climate finance will start to restore trust ahead of Cop26, but experts warn late delivery means trouble
We don’t have time to dismiss carbon markets as a climate solution
Concerns carbon markets could become a new form of colonialism are not unfounded – but with robust safeguards, they can deliver much-needed climate finance
‘Breakthrough’: IMF develops fund to help debt-laden nations address climate risks
The IMF trust fund could be worth up to $50 billion and meet vulnerable countries’ call for support to address the triple crisis of debt, Covid and climate change
Heat rises on donor countries to meet overdue $100bn climate finance promise
Nearly 150 green groups have told rich governments they must make up for missing their climate aid target by delivering $600bn in total 2020-25
Japan eyes international carbon offsets to deliver 2030 emission cuts
Campaigners accused Japan of failing to take responsibility for cutting its own emissions and relying on developing nations to do so