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Climate finance

European Investment Bank ends lending to fossil fuel projects

European Investment Bank ends lending to fossil fuel projects

EU finance ministers agreed to phase out EIB lending to unabated oil and gas projects, overcoming opposition from some member states in marathon board meeting

GCF partners with Chilean private equity firm as unrest continues

GCF partners with Chilean private equity firm as unrest continues

Board members call for reform to accreditation process after civil society warns of due diligence shortfalls

How to make the Green Climate Fund a better force for change

How to make the Green Climate Fund a better force for change

Vastly more of the fund’s money should go to projects that adapt to the impacts of climate change

Green Climate Fund replenishment fails to fill hole left by Trump's US

Green Climate Fund replenishment fails to fill hole left by Trump’s US

After the US, Russia, and Australia did not contribute, other developed countries fell $500m short of the fund’s starting capital

As rich countries slow walk green finance, Putin offers Africa an alternative

As rich countries slow walk green finance, Putin offers Africa an alternative

Two summits in one week presented a choice for African leaders: stalled promises of climate finance in Paris or business deals in Sochi

‘New Bretton Woods’ needed to fix global system and climate: outgoing UN official

‘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

China and India demand cash for climate action on eve of UN summit

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

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

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

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

Asset managers worth $15 trillion make climate risk promise to Macron

Asset managers worth $15 trillion make climate risk promise to Macron

The French president gathered the world’s biggest investors this week to push them to back climate-friendly projects

AIIB must stop backing gas in climate-hit Bangladesh

AIIB must stop backing gas in climate-hit Bangladesh

The Beijing-headquartered development bank is skewed towards fossil fuels, when it should be helping poorer countries access clean renewable power

African ministers lobby UK for control of climate aid

African ministers lobby UK for control of climate aid

Ministers from Uganda and the Gambia met the UK’s development secretary to ask for more say over how climate finance is spent

Climate finance misses its mark in Ugandan landslide zones

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

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

Macron puts European climate bank on EU election agenda

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

Bill Gates throws new weight and cash into climate fight

Bill Gates throws new weight and cash into climate fight

In back-to-back events this week, the billionaire launched projects to slow global warming and limit the damage it causes

Bangkok bulletin: No one's talking about ambition

Bangkok bulletin: No one’s talking about ambition

It’s crunch time at the UN climate talks. Catch up on the latest and sign up here.

Struggling climate funds must be renewed, says Uruguay minister

Struggling climate funds must be renewed, says Uruguay minister

Promises of climate cash remain unfulfilled, said Eineda de León, who also called for unity in a region split by the collapse of Venezuela

One tenth of UK climate aid spent through western consultants

One tenth of UK climate aid spent through western consultants

Corporate role in UK overseas climate projects revealed for the first time, with critics saying it undermines development of expertise in poor countries

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