Climate Finance
Saudi Arabia censors fossil fuel subsidy discussion as G20 host
Riyadh is scrubbing the word “subsidy” from expert briefings, despite a commitment from G20 countries to phase out “inefficient” support to coal, oil and gas
Gas curse: Mozambique’s multi-billion dollar gamble on LNG
A vast gas discovery promises riches for the people of Mozambique, but it can only pay off in a dangerously overheated world
The EIB has further to go to become the “EU Climate Bank”
The European Investment Bank should stop supporting airport expansion and close the loopholes in its policy against lending to fossil fuels
UK makes assurances on climate finance amid concerns over aid restructuring
Experts warn shifting aid away from the world’s poorest would undermine critical alliance-building efforts ahead of the UK hosting Cop26 climate talks
UK aid and foreign ministry merger raises fears for politicisation of climate finance
The move puts Britain’s economic interests abroad above efforts to eliminate poverty and protect the most vulnerable, experts warn
‘Final blow’ to aviation climate plan as EU agrees to weaken rules
EU member states will back an industry proposal to reduce airlines’ climate obligations in response to the coronavirus pandemic, at the UN aviation forum
Delay to climate talks deepens uncertainty over future of carbon markets
Project developers in poor countries are struggling to attract finance, as deadlock on international carbon trading rules cannot be resolved before November 2021
We have a moral responsibility to build a better post-Covid future for our children
New Zealand’s climate minister explains why he is launching a podcast on what comes after the coronavirus pandemic
Coronavirus delays work to protect the world’s poor from climate shocks
Travel restrictions and patchy internet access are slowing down efforts to improve resilience to weather extremes like cyclones Amphan and Nisarga
Clean energy is vital to the Covid-19 response in the world’s poorest countries
Renewable mini-grids can power health facilities and irrigation systems, making communities more resilient to future pandemics and climate shocks
EU €750 billion Covid recovery fund comes with green conditions
A quarter of spending has been earmarked for climate action and a ‘do no harm’ clause rules out environmentally damaging investments
The European Investment Bank must go further to truly become a ‘climate bank’
In its roadmap for 2021-25, the EIB should eliminate support for high-carbon activities in all sectors and make its intermediaries follow the same standards
Airlines could get free pass on climate for five years under industry proposal
The industry is lobbying to rewrite the rules of a UN aviation pact, in a move researchers say would remove pressure to invest in clean flying technology
How to raise an easy $1 billion per day for the Covid-19 recovery
A temporary tax hike on gasoline and diesel is one of the fairest, greenest ways to fund post-pandemic economic stimulus packages
How the coronavirus recovery effort can support a European Green Deal
Making old buildings more energy efficient is an obvious target for public investment to stimulate EU economies after Covid-19 and meet climate goals
After the oil crash, we need a managed wind-down of fossil fuel production
To meet climate goals and avoid further market chaos, governments need to plan the decline of coal, oil and gas production, with support for workers
South Korean government backs $2 billion bailout to coal company, despite green finance pledge
Campaigners ask government to explain relief for coal plant manufacturer Doosan Heavy Industries, contrary to its promise to end coal financing
A trillion reasons to go green – Climate Weekly
Sign up to get our weekly newsletter straight to your inbox, plus breaking news, investigations and extra bulletins from key events
IMF chief: $1 trillion post-coronavirus stimulus must tackle climate crisis
Kristalina Georgieva is urging governments to invest emergency loans in green sectors, scrap subsidies to fossil fuels and tax carbon
Merkel: don’t neglect climate finance to the world’s poor
As rich countries spend billions bailing out industries hit by the Covid-19 slump, the German chancellor urged them not to forget their climate commitments