Climate finance
Carbon markets grow, but global price is out of reach
ANALYSIS: A global carbon price is out of reach, but governments meeting in Paris can promote linking of national carbon markets
Coke, Sony among 114 firms to cut carbon in line with 2C
NEWS: Businesses with emissions equal to South Africa and nearly $1trn in profits pledge to help cap global warming below agreed danger threshold
In Paris, polluters in focus as investors shun climate risk
ANALYSIS: So far, the most visible investor impact of climate change is divestment. But a bigger, quieter shift has started, to low carbon, and “climate aware” polluters
Top financial regulator turns up heat on polluting companies
ANALYSIS: It doesn’t guarantee transparency – think Volkswagen scandal – but Financial Stability Board initiative will force companies to disclose their carbon footprints
Michael Bloomberg to lead FSB climate risk task force
NEWS: UN envoy and former New York mayor named as chair of initiative for Financial Stability Board, at COP21 in Paris
$1 trillion funding gap for poorest countries’ climate plans
NEWS: Pledges by 48 least developed countries to a UN deal need more than $90 billion a year between 2020 and 2030 to implement, says IIED
Charities should ditch fossil fuel investments, says top lawyer
NEWS: Climate damage from burning coal, oil and gas conflicts with anti-poverty, health and environmental missions, argues British QC
A Paris climate deal must address global inequality
COMMENT: North-south cooperation depends on rich countries living up to their historic responsibilities, argues Harjeet Singh
Europe’s largest insurer Allianz to pull funds from coal
NEWS: German company holding €2 trillion worth in assets said it will shift an estimated €4 billion into clean energy
Time for a reality check on adaptation finance
COMMENT: Wealthy governments risk inflating the private sector’s contribution to a $100 bn target to climate-proof developing countries
Business chiefs pledge to debunk climate sceptics
NEWS: CEOs at Microsoft, Nestle, Pepsi, Tata, Dow Chemical offer new set of climate pledges and say they will debunk those who doubt climate science
Rich countries urged to pay ‘fair share’ of climate adaptation finance
NEWS: By 2025, US should channel 150 times more money into projects like flood defences for the world’s poor, Action Aid argues
Global climate cash flows neared $400bn in 2014 – report
NEWS: Finance for renewable energy and climate resilience increased 18% from 2013, calculates Climate Policy Initiative
Are major economies putting the squeeze on coal?
ANALYSIS: Upcoming G20 and OECD meetings promise a crackdown on fossil fuel subsidies, but their actions tell a different story
Mattias Soderberg: Europe has missed its chance on climate finance
COMMENT: With no concrete commitments to scale up cash, EU position will fail to win developing country allies at Paris COP21
Climate change could push 100m into extreme poverty
NEWS: World Bank warns of human impact by 2030 if development doesn’t protect the most vulnerable from extreme weather
Exxon Mobil faces legal inquiry on climate misinformation
NEWS: New York attorney general is investigating whether oil major lied about scientific knowledge, in move with big implications for fossil fuel firms
Green Climate Fund approves first eight projects
NEWS: Board signs off US$168 of investment in clean development and climate resilience in Zambia, after heated debate on lending criteria
Piketty: Tax flyers to raise climate adaptation funds
NEWS: French economists moot €180 levy on business class tickets to protect vulnerable from climate impacts
CEOs to the rescue: Can business save the world from climate change?
NEWS: PwC says private and public sector has tools to limit warming to below 2C danger zone, if COP21 in Paris delivers green investment framework