The US, Germany and Italy have been accused of backsliding on a Glasgow promise to end public subsidies to fossil fuel projects overseas
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
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.
The US has been accused of “breaking” a key climate financing commitment by approving almost $100m in support for an overseas fossil fuel project
OECD countries agree to extend support for ‘climate-friendly’ projects. But vague definitions and inclusion of contested activities worry campaigners.
Friends of the Earth is launching a judicial review over the UK government’s decision to back the multi-billion development, arguing it is inconsistent with the Paris Agreement
Joe Biden has pledged to work to end public funding of ‘carbon-intensive’ fossil fuel projects – a wording campaigners fear leaves the door open to methane gas
The Japan Bank for International Cooperation approved a loan to the controversial Vung Ang 2 coal project from a facility intended for “environmental preservation”
A Chinese government-commissioned report proposes stricter environmental standards for “belt and road” investments, but it needs buy-in from financial institutions
EU leaders endorsed Riyadh’s contentious “circular carbon economy” vision at the G20 summit, in exchange for a renewed commitment to phasing out fossil fuel subsidies
Development banks supporting dirty projects are exacerbating climate chaos. This year needs to be a turning point to a just and sustainable future
Analysis shows IMF advice to countries accessing Covid-19 emergency funds fails to systematically address climate risks and implicitly endorses fossil fuel subsidies
Neglecting to mention climate change or commitments to end fossil fuel subsidies, G20 energy ministers focused on stabilising the oil market
Under Fatih Birol, the International Energy Agency leads talk of a green recovery, yet dodges hard questions about phasing out dirty energy
China’s provinces have overseen a coal plant building spree in the first half of the year, in a bid to revive the Covid pandemic-hit economy
In technical assistance to governments like Mozambique’s, the World Bank favours the interests of the fossil fuel industry over those of ordinary citizens
Environment minister Shinjiro Koizumi promised to scrap funds for dirty power plants abroad, but the government is making too many exceptions
Riyadh is scrubbing the word “subsidy” from expert briefings, despite a commitment from G20 countries to phase out “inefficient” support to coal, oil and gas
A vast gas discovery promises riches for the people of Mozambique, but it can only pay off in a dangerously overheated world
To meet climate goals and avoid further market chaos, governments need to plan the decline of coal, oil and gas production, with support for workers