Climate finance
Nature’s stewards under attack – Climate Weekly
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Vietnam’s energy transition deal is a ‘black box’, partner warns
A Vietnam government partner suggested that even Hanoi is unaware of the details of the energy transition package
World Bank backs mega dam threatening to displace thousands in Mozambique
The World Bank argues the project will accelerate the energy transition in southern Africa, but people facing displacement say their voices are not being heard
Canada sets out green investments guide amid complaints of industry capture
The process to create Canada’s first guide for green investiments has been accused of being undemocratic and extending the life of polluting fuels.
India set to push for green World Bank reforms at G20
India wants the World Bank to lend more money for climate finance, at cheaper rates, in developing countries and will use its G20 chair to push this agenda
World Bank proposes freeing up $4bn by loosening lending rules
The bank is under pressure to free up more money to tackle climate change but one expert said this measure does not go far enough
World Bank chief to step down early after climate controversy
Last year, the World Bank’s president David Malpass refused to accept the scientific consensus on global warming, leading to calls for the US government to push him out
Colombia gets $70m from new global renewable integration fund
Colombia will get the first pay-out of a $300m Climate Investment Funds pot for transmission lines, batteries, EV chargers and green hydrogen
Rich nations mobilise $15.5bn for Vietnam’s coal-to-clean transition
The deal will help Vietnam to peak its greenhouse gas emissions five years earlier than planned and scale up renewable energy generation
Cop27 tees up speed dating for climate investment deals
Sharm el-Sheikh talks are expected to approve a series of matchmaking events between investors, governments and project developers
Republican gains quash hopes of US delivering on climate finance
The results of the US midterm elections make it harder for president Joe Biden to meet his promise to developing countries
EU opens the door to a loss and damage facility – if China pays
Frans Timmermans gave the strongest signal yet the EU is willing to consider a fund for climate victims – but no decision this year
Latin America closes ranks at Cop27 around climate finance
Debt and climate shocks, combined with political shifts, have united historically left- and rightwing countries behind common asks
Cop27 bulletin: Could polluter taxes fund loss and damage?
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As Cop27 kicks off, where are the coal to clean deals at?
Rich countries have been discussing “just energy transition partnerships” with South Africa, Indonesia, Vietnam, India and Senegal
South Africa pitches $84bn plan to shift from coal to clean energy
President Cyril Ramaphosa set out a 200-page investment plan ahead of Cop27 climate talks, urging partners to finance his vision
John Kerry: Carbon offsets can help wean developing countries off coal
The US special envoy wants the voluntary carbon market to finance energy transitions in emerging economies – but partner countries aren’t keen
Climate finance isn’t reaching African communities – Cop27 must fix this injustice
Indigenous peoples and local communities receive less than 1% of all climate funding despite scoring wins for people and nature
Climate fund approves plan to speed up coal retirement in Indonesia
The Climate Investment Funds aims to mobilise $4 billion from public and private sources to start decarbonising Indonesia’s power sector
Breakdown: Who is contributing what to South Africa’s clean energy shift
A leaked summary shows Germany and France are providing cheap loans while the UK is making the biggest contribution to mobilise private finance