Climate Finance
In Tanzania, ownership of the forest offers new prospects for old loggers
In one of Africa’s fastest deforesting nations, community control over the land offers villages new income, infrastructure and dignity
After 11 days of civil unrest, Ecuador reinstates fossil fuel subsidies
Cuts to subsidies, imposed without an alternative, led to price rises, strife and, eventually, a government backdown
German rail company gets credit rating boost in response to climate law
In European first, Deutsche Bahn’s credit rating shifted from AA- to AA after government hit carbon-intensive transport with levies
Brazil fights attempt to cancel its old carbon credits
Credits from an old regime could undermine the Paris climate agreement, but negotiations ended in stalemate after the biggest holders dug in their heels
This is what the world promised at the UN climate action summit
Dozens of promises were made by governments, civil society and business. Accountability is the next step
‘New Bretton Woods’ needed to fix global system and climate: outgoing UN official
As she steps down from leading UN sustainable energy push, Rachel Kyte said global institutions must be rebuilt and aligned with action on climate change
Banks will subject $2.9 trillion in assets to climate testing
Mortgages and other products will be assessed using a global standard for the first time, allowing banks to encourage behaviour change
China and India demand cash for climate action on eve of UN summit
World’s largest and fourth largest emitters said the onus remained on the countries historically responsible for climate change to move money
Only one-fifth of climate finance going to adaptation, finds OECD
Donors overwhelmingly favour supporting projects that cut emissions rather than cope with the impacts of climate change, despite calls for parity
Poor countries will hold the rich to account on climate finance
The major UN climate fund is running short of money, will rich countries live up to the promises they have given?
Preparations for the climate crisis will save trillions, commission finds
Every $1 spent on climate adaptation could see between $2 and $10 of net economic benefit, but current investments are lagging way behind
European Central Bank should ‘gradually eliminate’ carbon assets: Lagarde
Nominee to lead the bank told MEPs it could adopt new measures to prefer green investments if she is confirmed
Natural disaster spike to drive 2020 insurance rate rise
Losses from hurricanes, typhoons and wildfires in 2017 and 2018 are likely to cause reinsurance rates to rise by up to 5% agencies warn
Chinese Belt and Road plan ‘may result in 2.7C warming’
Without green policy controls, $12tn programme could promote development that would compromise the goals of the Paris Agreement, report finds
France and UK double pledges to UN green fund to $3.5bn
Announcements at the G7 meeting mean the countries join Germany and Norway with promises to double their initial contributions in the next funding round
Pacific leaders set new bar by collectively declaring climate crisis
When regional giants Australia and NZ joined small islands at a recent leaders’ forum they produced the Pacific’s strongest-ever call to act on climate change
Bolsonaro shrugs off German aid cuts, as deforestation surges
Brazil “doesn’t need” €35 million of international funds earmarked to protect the Amazon rainforest, the president insists
UK carbon price to plummet under no-deal Brexit
A proposed UK tax on heavy polluters would come in at nearly half the EU carbon market price, reducing the incentive to cut emissions
European Investment Bank moots fossil fuel lending ban
The world’s largest development bank proposed a pivot to clean energy, in a draft plan for consideration by EU finance ministers in September
A weak carbon price is worse than no carbon price
The time for timidity has passed; politicians must dare to make polluters pay as part of a vision for a healthier, happier future