Climate finance
Board meeting turns ‘toxic’ as UN climate fund runs low
Rich and poor country representatives clash over policy priorities and replenishment at Green Climate Fund board meeting
‘Norway cannot stop deforestation alone’, says environment minister
Scandinavian country leads funding to save the world’s tropical forests, but cannot do it alone, say past and present environment ministers
Poor countries face new green finance hurdles after US cuts
The US has cut its contribution to the Global Environment Facility, raising concerns about access to finance for environmental protection in the developing world
Airlines eye massive carbon handout
Brazil and China behind push to allow billions of tonnes of old carbon credits to be used to offset future growth in pollution
Why is the world’s newest development bank investing in coal despite its green promise?
The Asian Infrastructure Investment Bank is backing a coal-fired cement works in Myanmar through an intermediary, in a worrying sign for its climate credentials
Germany to pressure rich countries to pledge new climate cash
The Petersberg Climate Dialogue will start a replenishment drive for the Green Climate Fund and focus on protecting jobs in the shift to clean energy
Development bank climate funding jumped 28% in 2017
Global banks gave $35.2bn in climate finance, although much of it was in loans or did not reach those countries most in need
Fifa accused of greenwashing in World Cup carbon offset scheme
Football fans travelling to Russia are being encouraged to offset their emissions through a UN scheme that critics describe as fundamentally flawed
Green economy now worth as much as fossil fuel sector
FTSE Russell reports 6% of global equity market, roughly $4 trillion, comes from clean energy and environmental service sector
Hawaii signs law to become carbon neutral by 2045
Pacific islands note threat of sea level rise while setting toughest climate target of any US state
Rich world faces questions on who will replace US climate cash
‘We need to ask developing countries how to address that gap,’ says G77 chair, calling for concessions on climate finance to unlock stalled talks
Development banks ‘not aligned’ with Paris Agreement goals: report
None of the big six are shifting fast enough to clean investments, finds E3G report, but the Inter-American Development Bank is a frontrunner
One-sided dialogue as rich countries sit out talks on climate loss
Observers say Germany the only rich country to give input during ‘dialogue’ on how to address climate damage in the countries least responsible for it
Three quarters of EU climate finance goes to middle income countries: report
The Act Alliance is calling on the EU to direct more climate finance to the most vulnerable, after finding Turkey and Ukraine were the biggest beneficiaries
UK Labour supports call for ‘climate damages tax’ on oil companies
Those responsible for climate change should pay a greater share, said UK shadow climate minister, as Vanuatu lobbies Commonwealth to support tax
Argentina accused of caving to Trump by dropping carbon price from G20 talks
G20 presidency denies US a factor in turn away from carbon pricing, but upcoming Japanese and Saudi leadership could mean issue is pushed off agenda for years
Climate fund Trump cut off ‘really had to succeed’, says its chief
Howard Bamsey has ducked interviews for more than a year. Now he speaks about the Green Climate Fund’s successes, challenges and the $2bn Trump owes them
Ex-UN climate chief calls for green bonds to hit $1 trillion by 2020
Christiana Figueres is urging public authorities and corporates to scale up climate-friendly infrastructure investment by 2020, under the “green bond pledge”
France’s Macron pledges €700m to solar energy push
The French president announced extra finance to help developing countries adopt clean energy at the International Solar Alliance launch in New Delhi
Why are the world’s climate funds ignoring coral reefs?
Vital marine ecosystems are threatened by ocean warming and acidification, yet get a tiny fraction of climate finance, E3G research shows