Climate Finance
‘Risk to economic stability’: 23 finance ministers pledge climate action
Coalition of developed and developing nations commit to aligning tax and spending with Paris Agreement goals, while some struggle with social implications
Climate Weekly: Eyes on new World Bank chief
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Climate finance misses its mark in Ugandan landslide zones
On the slopes of Mount Elgon, residents live in fear of the next deadly landslide, as tree-planting solutions fail to take root
One billion without power need new World Bank president to keep faith
As the bank welcomes its new boss, he must fulfil its mission to prevent climate change by bringing clean energy to those currently in the dark
Global energy agency asked to stop normalising dangerous climate change
60 business leaders, scientists and investors call on the International Energy Agency to reframe its annual report to promote a path to climate safety
Indonesian VP candidate named in alleged coal scam
Sandiaga Uno may have personally benefited from payments made by one of Indonesia’s biggest coal miners to an offshore firm he owned, Global Witness says
Saudi Aramco says climate lawsuits ‘could result in substantial costs’
The world’s largest oil producer made more money than Apple and Alphabet combined last year, but the company sees litigation and clean tech as threats
Australia stops payments to Green Climate Fund
Australian budget offers nothing to flagship UN scheme as its board seeks replenishment, while climate shapes as divisive election issue
China’s Xi backs climate-friendly finance on Europe tour
Xi made common cause with Emmanuel Macron on climate change, amid multi-billion dollar business deals on a 6-day visit to Europe
Russia floats first law to regulate CO2 emissions
Draft bill would give government powers to regulate CO2 and create carbon markets, but faces stiff opposition inside and outside Moscow administration
Capitalism can deliver the transformation the climate school strike demands
A letter to 16-year-old Greta Thunberg: ‘I’m a good-old institutionalised man… my generation can’t speak to power the way yours can’
Climate Weekly: Norway divests (a bit)
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Norway calls for $1 trillion fund to sell some oil and gas stocks
The government proposes to divest a reported $7.5 billion worth of shares in oil production, without banning mixed oil majors like Shell and Exxon Mobil
Macron puts European climate bank on EU election agenda
French proponent ‘pleased’ Macron has backed a new institution, although the president’s support was left deliberately vague, said a government official
Developing world split on climate finance at UN flagship fund
Vulnerable countries are backing governance reform at the Green Climate Fund, while emerging economies resist efforts to impose conditions on finance
French experts propose trillion-euro EU climate finance pact
Economist Pierre Larrouturou and climate scientist Jean Jouzel are leading a call to mobilise funds on a large scale, backed by more than 600 political figures
French UN official named as next chief of flagship climate fund
Yannick Glemarec was picked from an all-male shortlist to lead the Green Climate Fund, in a key fundraising year
Ireland’s democratic experiment lays the ground for stronger climate action
The Citizen’s Assembly could become a model for developing informed, fair and ambitious climate policy – if the government accepts its recommendations
Stalemate in Poland revealed central tension of Paris Agreement
Centralised governance is a thing of the past; a new era of climate diplomacy must find ways to accommodate national difference
In Ireland, Brexit proofing must mean climate proofing
Brexit has led to delays in climate action just at the moment when bold plans could soften the impact of the UK divorce, writes MEP Lynn Boylan