Climate finance
Russia edges closer to carbon market pilot
Kremlin and business appear to agree there is a need for country to develop its own national carbon emissions market
Analysis: where is all the money for energy efficiency?
From the EU to individual homeowners, sourcing the cash for supposed no-brainer projects is proving harder than anticipated
European Parliament passes carbon market reforms
So-called backloading proposals to fix flagging carbon market passed after months of debate
Green Climate Fund set to open for business in 2014
Progress at the Fund’s most recent meeting clears key hurdles but transparency concerns remain
Japan’s climate finance plan welcomed by vulnerable nations
Bi-lateral scheme to swap carbon credits for low carbon support growing in popularity after delays with Green Climate Fund and technology transfer talks
Skinny cows and climate change could cost farmers billions
A study predicts wild and domestic cattle will drastically reduce in weight as the climate warms − compromising food security and slashing farmer’s profits
Australian businesses back emissions trading scheme
Almost 99% of Australian businesses have shown support for an emissions trading scheme but it could cost the government several billion dollars in lost revenue
World Bank to stop financing coal projects
Funding will continue to coal projects in poor areas where “there are no feasible alternatives”
EU carbon market to ‘cancel out’ 700m tonnes of CO2 cuts
Excess credits after 2020 will allow extra emissions to undo GHG savings from other EU policies, warns campaign group Sandbag
Least Developed Countries climate adaptation fund gets $200m boost
Belgium, Germany, Norway, Switzerland and the USA offer nearly $200 million in climate adaptation investment to the world’s poorest countries
Insurance firms press governments on climate adaptation
Industry think tank warns “quasi-irreversible” shift in ocean temperatures will end business as usual and calls for more adaptation investment
US – India climate pact hinges on technology and finance
With John Kerry in India to discuss future cooperation, analysts say USA must offer Delhi government aid to move away from coal-based economy
UN: business must take lead in climate adaptation
UNEP chief Achim Steiner says companies must factor in accelerating environmental change into their long-term planning
UN global carbon market needs $2.5 billion bailout
Short sharp investment via a new fund could keep Clean Development Mechanism alive, says Joan MacNaughton, vice-chair of its policy review panel
GEF pushes climate finance support for developing nations
Backing for national communications and nationally appropriate mitigation actions critical for success of 2015 climate deal
Revised EU carbon market fix passes first hurdle
Amended plans that will boost price of emitting CO2 now move to parliament for the second time
WWF: 3% of carbon cuts could save US business $190 billion
Carbon Disclosure Project and WWF say they can make carbon cutting attractive to the corporate world
China’s first carbon market faces ‘credit oversupply’ dilemma
Analysts warn Shenzhen scheme could face similar oversupply of credits as faltering EU system
Finance ministers set for UN climate talks invite
Negotiators welcome participation of finance ministers at COP19 in Warsaw expected to advance traditional stalemate over climate funding
Puma and Virgin launch ‘Plan B’ sustainability initiative
Morning summary: Sir Richard Branson and Puma chairman Jochen Zeitz launch new push to promote ‘progressive’ business values