Climate Finance
Davos elite looks to ‘Globalisation 4.0’ to stem climate change
Business leaders say the next wave of globalisation must create social benefits as well as provide technical solutions to climate change
The ‘laughing matter’ of Australia’s relationship with the Pacific
The Fijian PM used the Australian leader’s visit to call out his promotion of fossil fuels, showing Scott Morrison is on the wrong side in the Pacific as well as at home
Stoke’s potteries backed remain, now they want May’s deal to reshape climate policy
As the PM visits the pro-Brexit heartland, the major industry, once overwhelmingly against leaving, sees an opportunity to lighten the burden of EU carbon pricing
Departing World Bank chief leaves climate job unfinished
Jim Kim reformed world’s largest development lender, but it continues to finance fossil fuels and his climate legacy could be challenged if the US chooses his successor
Carbon clubs turn national self-interest into climate action
How did Poland, one of Europe’s strongest advocates for coal power, end up with one of the world’s strongest carbon prices?
Japan bids for top climate finance job, citing $1.5bn contribution
As the biggest donor to the Green Climate Fund, Japan said it had a ‘responsibility’ to ensure it is run well
Hungary wants end to coal power by 2030
‘Sky-rocketing’ EU carbon prices could mean Hungary is the first country in eastern Europe to set an exit date for the most polluting fossil fuel
EU must not blindly sign up to a weak aviation carbon market
As countries negotiate rules for offsetting airline emissions in Montreal, Brussels should reserve its right to impose stronger regional policies
German finance ministry rejects own party’s carbon price plan
Plan being developed by SPD environment minister would ‘increase the burden on citizens’ said finance ministry, which is controlled by the same party
EU finance ministers call for transparency in climate finance
At a meeting in Brussels, ministers agreed on the need to scale up public and private climate finance to the developing world
Gas companies face Californian wipe-out, say S&P, Moody’s
Ratings agencies say the state’s bid to go 100% renewable poses a ‘significant threat’ to gas generators’ credit stability
Asian Development Bank signals end to ‘dirty’ coal finance
Falling renewable energy costs and a shadow carbon price are making coal power investments unviable, according to bank energy chief Yongping Zhai
US-China trade war spills into Green Climate Fund
Global green fund gets back on track with $1bn splurge, but US vetoed a project that would have loaned $100m to China
Climate Weekly: Bahrain bid divides Green Climate Fund
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Bill Gates throws new weight and cash into climate fight
In back-to-back events this week, the billionaire launched projects to slow global warming and limit the damage it causes
Political deadlock has put $1bn in green projects on hold
Green Climate Fund board meets in Bahrain three months after a contentious meeting failed to approve any money for projects in developing countries
‘Unacceptable’: Scotland and Wales reject post-Brexit carbon tax plan
Two devolved governments attack ‘unilateral’ tax on carbon pollution proposed by UK if Brexit talks end with no deal
World Bank branch to prefer private banks that exit coal
International Finance Corporation will require partners to publish their support for coal and seek those with plans to divest
Australia won’t give money to Green Climate Fund, says PM
The country won’t withdraw from the Paris Agreement, but it’s not obliged to follow UN recommendations either, Scott Morrison said
Post-Brexit carbon tax would set Scotland against UK
UK weighs future carbon pricing options, but Scotland will not abide a national tax it says will stomp on devolved powers