Climate finance
Green Climate Fund restructures, aiming to become donors’ “partner of choice”
GCF chief Mafalda Duarte tells Climate Home how she plans to boost the fund’s impact and position it to secure more resources
UN climate chief calls for “exponential changes” to boost investment in Africa
Action on clean energy and adaptation can be the single greatest opportunity to lift up African people and economies, Simon Stiell says
As Pacific Islanders, we need climate action – not greenwashing – from Azerbaijan
As host of the COP29 summit, Baku must stop fossil fuel expansion, cut its emissions further, and work to deliver an ambitious climate finance goal
Verra axing of Shell’s rice-farming carbon credits in China fuels integrity fears
The carbon market standard found “serious” quality issues with the projects, prompting questions about their initial approval
Leaders are cutting fossil fuel finance – next comes unlocking clean energy for all
While international public finance for coal, oil and gas has fallen by two-thirds, little of that money has gone to boost green energy in poorer countries
EU hit with lawsuit over green labelling of aviation and shipping investments
Environmental campaigners take the EU to court over the inclusion of fossil fuel-powered planes and ships in green taxonomy
How can governments tackle loss and damage at the national level?
As host of the board of the new UN L&D fund, the Philippines can set an example with its pioneering climate accountability bill
Climate disasters challenge right to safe and adequate housing
Climate-proofing homes is now an essential response to regular extreme weather events and can help prevent displacement
In a world first, Grenada activates debt pause after Hurricane Beryl destruction
More creditors are agreeing to suspend debt payments in the wake of weather disasters, but experts say greater financial relief will be needed
Switzerland and Canada propose ways to expand climate finance donors
Detailed criteria would include China and Gulf States in the donor base. But experts recommend incentives not coercion
Renewable-energy carbon credits rejected by high-integrity scheme
The Integrity Council for the Voluntary Carbon Market decided existing renewables methodologies don’t do enough to prove their emissions reductions are additional
UAE’s ALTÉRRA invests in fund backing fossil gas despite “climate solutions” pledge
Four months after partnering with the new “landmark” climate vehicle at COP28, a BlackRock fund put money into a US gas pipeline
A global wealth tax is needed to help fund a just green transition
Brazil and France have proposed a tax on the super-rich to fight against poverty and climate change – G20 finance ministers should get behind it this week
The world needs a new global deal on climate and development finance
A more effective framework led by the UN could involve a binding financial target, a role for emerging economies and consolidation of funds
Hurricane Beryl shows why the new UK government must ramp up climate finance
In the wake of yet another Caribbean climate disaster, Labour should raise its ambition in offering international support
The Loss and Damage Fund must not leave fragile states behind
Unless the unique needs of conflict zones are prioritized, climate-vulnerable communities risk losing out on finance again
EU “green” funds invest millions in expanding coal giants in China, India
Climate Home found leading asset managers hold shares in coal firms within funds touting sustainable credentials
UK’s Labour promises “solidarity” with poorer nations on climate – but no new cash
Labour’s shadow foreign minister says cost-of-living crisis means some climate finance must come from outside rich governments’ budgets
New finance goal needed to protect climate momentum from a Trump win
The victims of the climate crisis will need support, and the energy transition will need to be funded, whoever is elected as the next US president
UN climate chief warns of “steep mountain to climb” for COP29 after Bonn blame-game
Countries expressed disappointment as key negotiations on climate finance and emissions-cutting measures made scant progress at mid-year talks