Climate finance
Hurricane Ian could cost US $67bn in economic damages
The Category 4 hurricane, one of the most powerful to ever make landfall in the US, has destroyed homes, infrastructure and citrus farms
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
UN chief: Windfall tax on oil and gas can pay for loss and damage
António Guterres told rich countries taxing fossil fuel companies’ record profits can fund vulnerable nations’ recovery from climate disasters
Denmark becomes first country to pledge ‘loss and damage’ finance
Rich countries have long resisted giving money specifically for the “loss and damage” that climate change is causing
Five burning climate issues for the 2022 UN general assembly
Pakistan’s catastrophic flooding and soaring energy bills are shaping the UN agenda – for those leaders who show up
Pakistani prime minister promises compensation to flood victims
The government will offer financial aid to those who lost homes and crops in Pakistan’s worst-ever floods, Shahbaz Sharif said
Five priorities for a meaningful post-2025 climate finance target
The quality of climate finance is as important as the quantity to rebuild trust after rich countries failed to deliver on their $100bn by 2020 target
Displaced by drought, climate migrants clash with Zimbabwe’s timber industry
After suffering from extreme drought, farmers have settled in timber plantations in eastern Zimbabwe, clashing with government and industry
Who will pay for Pakistan? – Climate Weekly
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African nations eye debt-for-climate swaps as IMF takes an interest
An IMF working paper argues in favour of swapping debt repayments for climate investments in debt-burdened nations – the issue is scale
Pakistan floods must be a wake up call on climate action
The colossal disaster shows why rich countries must deliver on finance for loss and damage at Cop27 international climate talks
UN seeks $160 million in emergency aid for Pakistan floods
One in seven Pakistanis have been affected by severe flooding after the heaviest rains in three decades swept away poorly protected housing and infrastructure
World Bank backs carbon credit blockchain registry to attract crypto investors
The World Bank wants to direct the NFT craze towards projects that cut emissions and improve the transparency of carbon offset markets
After finally passing a climate bill, US calls on others to act
Climate negotiators expressed relief as the US secured congressional support for climate spending, but said developing countries need direct support to follow
Colombia’s new president calls for debt swap to protect the Amazon
“We can turn the entire population of the Colombian Amazon into a population that cares for the forest, but we need the world’s funds to do it,” says Gustavo Petro
Chinese companies seek global carbon market for green hydrogen
A project that supplied green hydrogen for buses at the Winter Olympics could be the first of its kind to sell carbon credits through the Clean Development Mechanism
Rich countries fall $17bn short of 2020 climate finance goal
2020 was the deadline for delivering the $100bn climate finance promise