Climate finance
EU €750 billion Covid recovery fund comes with green conditions
A quarter of spending has been earmarked for climate action and a ‘do no harm’ clause rules out environmentally damaging investments
The European Investment Bank must go further to truly become a ‘climate bank’
In its roadmap for 2021-25, the EIB should eliminate support for high-carbon activities in all sectors and make its intermediaries follow the same standards
Airlines could get free pass on climate for five years under industry proposal
The industry is lobbying to rewrite the rules of a UN aviation pact, in a move researchers say would remove pressure to invest in clean flying technology
How to raise an easy $1 billion per day for the Covid-19 recovery
A temporary tax hike on gasoline and diesel is one of the fairest, greenest ways to fund post-pandemic economic stimulus packages
How the coronavirus recovery effort can support a European Green Deal
Making old buildings more energy efficient is an obvious target for public investment to stimulate EU economies after Covid-19 and meet climate goals
After the oil crash, we need a managed wind-down of fossil fuel production
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
South Korean government backs $2 billion bailout to coal company, despite green finance pledge
Campaigners ask government to explain relief for coal plant manufacturer Doosan Heavy Industries, contrary to its promise to end coal financing
A trillion reasons to go green – Climate Weekly
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IMF chief: $1 trillion post-coronavirus stimulus must tackle climate crisis
Kristalina Georgieva is urging governments to invest emergency loans in green sectors, scrap subsidies to fossil fuels and tax carbon
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
France calls for minimum carbon price to counter oil crash
Oil prices of around $20 a barrel do not reflect the cost for the climate, the French government argued ahead of a meeting of EU energy ministers
UN development chief calls for green shift away from ‘irrational’ oil dependence
Governments, at a fork in the road because of the Covid-19 pandemic, should ‘insert the DNA’ of a low-carbon future into stimulus packages, says Achim Steiner
Coronavirus: which governments are bailing out big polluters?
A round-up of the support countries are extending to aviation, coal, oil and gas businesses as demand is hit by the Covid-19 pandemic
Airlines urge UN body to ease climate goals for 2020s as traffic collapses
Airlines’ trade association says current plans to offset greenhouse gas emissions from a 2019-2020 baseline would put an ‘inappropriate economic burden on the sector’
Coronavirus: investors and policymakers must shift to increase resilience
Incentives for long-term sustainability, an end to fossil fuel subsidies, more telework are all needed to make the global economy resilient to shocks like Covid-19
Green bailouts? – Climate Weekly
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Governments urged to attach green strings to long-term coronavirus recovery plans
UN says Paris climate agreement and sustainable development goals should guide recovery beyond massive stopgap measures needed to combat coronavirus
‘Historic opportunity’ – Climate Weekly
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Coronavirus enters Liberia after observer returns from Green Climate Fund meeting
The GCF’s board meeting was held in Switzerland after some members objected to hold the session online, one delegate said
Governments have ‘historic opportunity’ to accelerate clean energy transition, IEA says
IEA head Fatih Birol is calling on heads of state and international financial institutions to make coronavirus recovery plans sustainable