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Climate finance

Angola's oil dependency thwarts its exit from the group of poorest nations

Angola’s oil dependency thwarts its exit from the group of poorest nations

Graduation from the UN group of least developed countries is usually seen as a win, but Angola deferred the move after oil exports plummeted during the pandemic

Three ways the EU, China and US should deepen cooperation on climate in 2021

Three ways the EU, China and US should deepen cooperation on climate in 2021

Building coalitions on green finance and carbon pricing and putting climate at the heart of diplomacy will allow the big three emitters to deliver on net zero goals

US campaigners call on Joe Biden to commit $8bn to the Green Climate Fund

US campaigners call on Joe Biden to commit $8bn to the Green Climate Fund

A letter signed by 46 climate and green groups urges the White House to fulfill its $2bn outstanding pledge to the UN-backed fund and double its initial contribution

Covid-19 normalised social protection. Now apply it to the climate crisis

Covid-19 normalised social protection. Now apply it to the climate crisis

Almost every country rolled out measures such as cash transfers, food and sick pay to cope with coronavirus. Victims of climate shocks need the same support

John Kerry promises 'significantly' more climate finance at adaptation summit

John Kerry promises ‘significantly’ more climate finance at adaptation summit

Presidential climate envoy John Kerry said the US would work to protect the vulnerable and make amends for a four-year absence from international climate action

UK plans climate donor summit to address 'dismal' support for poorer nations

UK plans climate donor summit to address ‘dismal’ support for poorer nations

The presidency of next year’s Cop26 climate talks will bring vulnerable countries and donors together to address climate and development challenges

UK aid budget cuts undermine trust ahead of Cop26 summit, experts warn

UK aid budget cuts undermine trust ahead of Cop26 summit, experts warn

As developing countries prepare to negotiate a scaling up of climate finance at next year’s Cop26, the UK host faces criticism for reneging on its aid commitment

EIB approves €1 trillion green investment plan to become 'climate bank'

EIB approves €1 trillion green investment plan to become ‘climate bank’

The EU investment arm’s climate roadmap ends lending to airport expansions but does not require all the bank’s intermediaries to have decarbonisation plans

Asian development banks resist coal phase-out pledge at French summit

Asian development banks resist coal phase-out pledge at French summit

Despite net zero pledges from the governments of China, Japan and South Korea, the ADB and AIIB are reluctant to commit to reducing finance to fossil fuels

As young people, we urge financial institutions to stop financing fossil fuels

As young people, we urge financial institutions to stop financing fossil fuels

Development banks supporting dirty projects are exacerbating climate chaos. This year needs to be a turning point to a just and sustainable future

OECD: One-fifth of climate finance goes to adaptation as share of loans grows

OECD: One-fifth of climate finance goes to adaptation as share of loans grows

Donor countries mobilised $78.9 billion of climate aid in 2018, but developing nations are expected to pay back nearly three quarters of the money

Oxfam: Rich countries are not delivering on $100bn climate finance promise

Oxfam: Rich countries are not delivering on $100bn climate finance promise

Nearly 80% of climate finance is in the form of loans that must be repaid, adding to the debt burden of the poorest countries, anti-poverty campaigners found

Ballooning debt cripples poor countries' hopes of green recovery from Covid

Ballooning debt cripples poor countries’ hopes of green recovery from Covid

Vulnerable countries are struggling to survive the economic impacts of the coronavirus pandemic, let alone build back better, as debts mount up

Campaigners confront IMF chief over green recovery contradictions

Campaigners confront IMF chief over green recovery contradictions

Analysis shows IMF advice to countries accessing Covid-19 emergency funds fails to systematically address climate risks and implicitly endorses fossil fuel subsidies

UN fund pays Indonesia for forest protection as deforestation rises

UN fund pays Indonesia for forest protection as deforestation rises

Campaigners accuse the Green Climate Fund of letting governments game the UN’s Redd+ forest protection scheme, as Indonesia is awarded $103 million

The EIB has further to go to become the "EU Climate Bank"

The EIB has further to go to become the “EU Climate Bank”

The European Investment Bank should stop supporting airport expansion and close the loopholes in its policy against lending to fossil fuels

UK aid and foreign ministry merger raises fears for politicisation of climate finance

UK aid and foreign ministry merger raises fears for politicisation of climate finance

The move puts Britain’s economic interests abroad above efforts to eliminate poverty and protect the most vulnerable, experts warn

Coronavirus delays work to protect the world's poor from climate shocks

Coronavirus delays work to protect the world’s poor from climate shocks

Travel restrictions and patchy internet access are slowing down efforts to improve resilience to weather extremes like cyclones Amphan and Nisarga

Clean energy is vital to the Covid-19 response in the world's poorest countries

Clean energy is vital to the Covid-19 response in the world’s poorest countries

Renewable mini-grids can power health facilities and irrigation systems, making communities more resilient to future pandemics and climate shocks

Merkel: don't neglect climate finance to the world's poor

Merkel: don’t neglect climate finance to the world’s poor

As rich countries spend billions bailing out industries hit by the Covid-19 slump, the German chancellor urged them not to forget their climate commitments

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