Climate finance
South Africa $8.5bn finance package offers a model for ending reliance on coal
The package was hailed as “groundbreaking” for being country-led and addressing a need to reskill and support coal miners
Caught between EU pressure and soaring demand, AIIB weighs end to gas finance
Many Asian countries see gas as a “transition fuel” away from coal, while Brussels is urging the region to go straight to renewables
Scotland breaks loss and damage “taboo”, raising hopes others will follow
Vulnerable countries welcomed Scotland’s leadership in helping victims of climate disaster, saying rich countries need to institutionalise support at Cop26
Donor nations commit $1.7bn to help indigenous people protect forests
The funding from US, UK, Germany, Norway and the Netherlands confronts the weakening of indigenous land rights in countries like Brazil
How we as European climate envoys are backing action on adaptation finance
The Netherlands, Denmark and others are committed to supporting vulnerable countries in adapting to climate change impacts
To close 1.5C gap, countries face call for another round of climate pledges by 2023
The Cop26 presidency is considering a proposal to strengthen ambition beyond the Glasgow summit, but it faces resistance from emerging economies
‘Chess game’ as negotiators seek elusive carbon market deal at Cop26
Agreeing on rules for a global carbon market has become a high-level political focus of the Glasgow summit but experts warn getting it wrong will undermine 1.5C ambition
Donor countries set to reach $100bn climate finance target in 2023 – three years late
The UK presidency hopes a delivery plan for long-promised climate finance will start to restore trust ahead of Cop26, but experts warn late delivery means trouble
We don’t have time to dismiss carbon markets as a climate solution
Concerns carbon markets could become a new form of colonialism are not unfounded – but with robust safeguards, they can deliver much-needed climate finance
‘Breakthrough’: IMF develops fund to help debt-laden nations address climate risks
The IMF trust fund could be worth up to $50 billion and meet vulnerable countries’ call for support to address the triple crisis of debt, Covid and climate change
Heat rises on donor countries to meet overdue $100bn climate finance promise
Nearly 150 green groups have told rich governments they must make up for missing their climate aid target by delivering $600bn in total 2020-25
Japan eyes international carbon offsets to deliver 2030 emission cuts
Campaigners accused Japan of failing to take responsibility for cutting its own emissions and relying on developing nations to do so
The IEA is embracing 1.5C ambition, leaving no excuse for new fossil fuel investment
In a fundamental shift in mainstream thinking, the world’s most influential energy body has for the first time put a net zero scenario at the heart of its forecasting
Dispute grips Green Climate Fund over net zero condition for accessing finance
Board members from developing countries insisted that making a 2050 net zero goal a condition for accreditation to the fund breaches equity principles
GCF considers renewed partnership with UNDP, amid corruption investigations
The Green Climate Fund board has been advised to re-accredit the UN development agency, despite unresolved corruption claims against projects in Samoa and Armenia
Defunding dirty energy – Climate Weekly
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Why I refuse to collude with polluters in the carbon offsetting lie
The industry-led Taskforce on Scaling Voluntary Carbon Markets is pitching carbon offsets as a win for the Global South. This is greenwashing at its most patronising
US to double climate finance again, but gap remains to $100bn
Joe Biden announced an increased US contribution to climate action in developing countries at the UN general assembly on Tuesday
Latest data shows rich countries little closer to $100bn climate finance promise
OECD figures show international climate finance increased by just 2% from 2018 to 2019, leaving a $20 billion shortfall to the 2020 target
EU commits €4 billion more to climate vulnerables, calls on the US to step up
Ursula Von der Leyen called out the US for failing to deliver its fair share of climate cash – an issue poor nations say is critical to success at Cop26