‘Blended finance’ took centre stage at Cop28, with the Green Climate Fund among its supporters. But there are still major problems with the concept that must be addressed before considering any further expansion.
Rich nations always say they need their parliaments approval for climate finance at Cops – now is the time to start
Renewable energy schemes make up four-fifths of Kyoto-era projects hoping to keep selling offsets under Article 6, sparking concerns over the credibility of the new market.
Fossil fuel fights, finance struggles, a resurgent relationship, and much more. We recap the most impactful international climate developments in 2023.
The UN’s flagship climate finance initiative can barely sustain its existing portfolio after a lackluster fundraising conference on Thursday
Draft guidelines for its export credit agency signal support for some gas projects until 2025 – three years after the deadline set by the Glasgow pledge
The UK promised to deliver £11.6 billion in international climate finance by 2026. But a leaked memo suggests the target is being dropped.
While drawing up their renewables deal with wealthy countries, Senegalese government, civil society, business and researchers had their say
Ten multilateral development banks have agreed on how to make sure their investments meet climate goals. But experts told Climate Home the rules do not go far enough.
Public money should stop flowing towards the expansion of animal agriculture, which is responsible for a fifth of the world’s emissions
Developed nations should have met the climate finance commitment in 2020. But they are still not there.
The UN’s flagship climate fund is struggling to clearly manage risks in its projects, an independent review has found, making it wary of taking on high-impact projects in developing countries
At the World Bank’s spring meeting, US Treasury Secretary Janet Yellen called for the adoption of a reform that would free up funds for climate lending.
An investigation by Oxpeckers and Climate Home found coal-reliant communities in South Africa have scarce details on how funds for reskilling workers from its $8.5 billion deal will be implemented.
A Vietnam government partner suggested that even Hanoi is unaware of the details of the energy transition package
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
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 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