Climate Finance
Four countries have declared climate emergencies, yet give billions to fossil fuels
The UK, France, Canada and Ireland have all formally recognised a climate crisis. But analysis shows they give $27.5bn annually in support for coal, oil and gas
Brazil and EU face off over future of carbon trading
The next generation of carbon markets could make or break the Paris Agreement, say negotiators as talks resume in Bonn
EU leaders keep saying climate is a priority. Here’s something they can do
The European Investment Bank is the world’s largest multilateral lender and it keeps funding fossil fuels. Next week EU finance ministers can change that
Children made climate an election issue. Now we’ll target banks that fuel fossils
The EU election showed voters have heard the school strikers’ call for action. But will the public institutions that finance coal, oil and gas projects also listen?
South Africa’s Ramaphosa signs carbon tax into law
In a first for an African country, the coal-heavy economy will put a price on pollution, but campaigners say it is not high enough
Venice floods show Europe needs sustainable finance to avoid disaster
A meeting in Geneva this week is a chance for a long-overdue conversation between disaster risk and sustainable finance experts
‘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