Climate finance
G7 leaders told solidarity with poorer nations is critical to Cop26 success
The UK is hoping to broker agreements on climate finance and vaccine support to developing countries when G7 leaders meet in Cornwall next week
The EIB won’t become a climate bank until it fully stops supporting fossil fuels
The bank has committed to end fossil fuel financing by the end of the year but has handed out billions in support for companies wedded to the industry
Why Denmark and Guinea are working together to tackle climate loss and damage
Solidarity and innovation are needed to provide a safety net for communities vulnerable to droughts, floods and intense storms
To meet net zero by 2050 we need a long-term vision for carbon pricing
Only about 3.8% of global emissions are covered by a carbon price above $40 a tonne – that needs to change if the world is to meet the Paris Agreement goals
G7 commits to end unabated coal finance in 2021 to ‘keep 1.5C within reach’
After initial resistance, Japan agreed to the ministers’ statement, leaving China isolated as the last significant coal funder overseas
Shell’s net zero plan will be judged on science, not spin
Shell’s net zero plan is better seen as a defence of its core oil and gas business, which it is planning to expand, than a genuine energy transition
Youth activists prank Standard Chartered in critique of coal lending policy
Fridays for Future activists donned false moustaches in a stunt to put pressure on Standard Chartered to stop financing fossil fuels
Merkel ‘wasted opportunity’ to show international solidarity at climate summit
The German chancellor resisted calls to announce an increased climate finance pledge at the Petersberg Climate Dialogue, her last before leaving office in September
UK aid cuts hit developing cities’ plans to protect against floods and fires
The urban poor in Nairobi, Kathmandu, Quito and Istanbul will lose out from deep budget cuts to the UK-backed Tomorrow’s Cities programme
UK faces legal action over public finance for Mozambique gas project
Friends of the Earth is launching a judicial review over the UK government’s decision to back the multi-billion development, arguing it is inconsistent with the Paris Agreement
US, UK and Norway launch $1bn initiative to protect tropical forests
The Leaf Coalition aims to mobilise $1 billion of public and private finance this year to cut emissions from deforestation and forest degradation
US pledges to double international climate finance at Earth Day summit
Joe Biden made a start on restoring US climate credibility after four lost years, with finance and emissions pledges, but campaigners say more is needed
Biden’s moment: What to expect from Thursday’s climate leaders summit
The US is expected to unveil a stronger emissions target and call for higher ambition from big emitters at a leaders’ summit on Thursday
Pakistan explores debt-for-nature scheme to accelerate its 10 billion tree tsunami
Creditors could grant Pakistan debt relief in exchange for meeting nature restoration targets, under a proposed first-of-its-kind bond
Joe Biden’s $1.2bn budget for Green Climate Fund falls short of campaigner demands
The proposed US contribution to the UN’s flagship climate fund this year is not enough to catch up with other donors
Emerging economies share ‘grave concern’ over EU plans for a carbon border tax
Brazil, South Africa, India and China say EU plans for a carbon levy on imported products like steel and cement will unfairly penalise their economies
Climate vulnerability should be factored into debt relief, says IMF head
Kristalina Georgieva said the IMF was considering proposals to ensure climate vulnerable middle-income nations receive support to build back better from Covid-19
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UK pledges to make scaling up adaptation finance a priority at G7 summit
At a ministerial meeting of donor and developing countries, the UK said it would aim to secure additional financial support for vulnerable nations by June
Under fire over aid cuts, UK hosts summit to help vulnerable nations fund climate action
Research to enhance climate action in developing countries is being threatened with aid cuts at a time when the UK is seeking ‘practical steps’ to boost climate investment