Donors were supposed to step up, not step back on climate finance
Governments are diverting funds from hard-hit communities, slashing aid and boosting military spending
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COP30 president: Transition from fossil fuels can start without climate talks
In an exclusive interview, André Corrêa do Lago says negotiators can work out rules or a timeline for the energy transition, but it’s up to countries to act on what they agreed
Rich nations accused of delaying loss and damage fund with slow payments
Wealthy countries have handed over less than half of what they promised to the loss and damage fund for victims of climate change
Green Climate Fund reforms aim to fix “slow, cumbersome” accreditation process
The UN’s Green Climate Fund aims to accredit organisations, allowing them to apply for funds, within nine months
UN development conference backs innovative ways to boost climate finance
Leaders push for better financial systems at the Financing for Development summit to help poor nations cope with climate and economic shocks
There is no climate finance gap – only a tax sovereignty gap
If governments reclaimed the power to tax extreme wealth, they could shift resources from billionaires and corporate giants to climate solutions
Coalition set sights on taxing luxury air travel to fund climate action
A group of eight countries is pledging to tax premium flying in a bid to find new money for resilience-building
UN expects climate finance roadmap to offer “clear next steps”
But governments, multilateral development banks and civil society are still far apart on how to raise $1.3 trillion a year by 2035
A COP30 roadmap to inaction or ambition on climate finance?
If it lets wealthy countries off the hook, the “Baku-to-Belém” roadmap risks entrenching climate injustice and increasing debt burdens in the Global South
Brazil’s new funding initiative can help bring rainforests back from the brink – if done right
With the Tropical Forests Forever Facility, Global South countries are showing a path for a livable – and financially sustainable – future
As EU acts to stop greenwash, funds drop climate claims from their names
By removing words like “ESG” and “sustainable” from their titles, funds can keep investing in fossil fuels despite the Europe’s new anti-greenwash rules
Green groups push back on fossil gas funding as AfDB welcomes new head
Campaigners want the president-elect of the African Development Bank to shift away from all fossil fuels, but its energy policy signals more support for gas
Trump shifts US funds from shutting down foreign fossil fuels to expanding them
The US administration has pulled clean energy and just transition funding in South Africa and is pressuring EXIM and the World Bank to back fossil fuels
Let’s use early milestones to stay focused on climate action
To make sure we meet a 2030 goal to triple outflows from UN climate funds agreed at COP29, work needs to start now
Without debt relief, climate action will fail
Many Global South countries spend five times more on repaying debt than tackling climate change – governments meeting in Seville next month can stop this downward spiral
Climate shocks and volatile currencies hike debt burden for poor countries
Least-developed countries and island nations are struggling with crippling debt levels made worse by global currency fluctuations and climate disasters hitting their economies
Climate non-profits anticipate fight with Trump over tax status
US-based climate change campaign groups fear that President Donald Trump will try to use the US tax authority to damage them financially
As Trump upends aid and markets, who will pay for green development in Global South?
Ahead of key donor meetings, experts say a combination of debt relief, private investment and innovative sources of finance could help fill the gap
Loss and damage fund to hand out $250 million in initial phase
The fund’s board has agreed a plan for the start-up phase of the UN mechanism to help developing nations tackle the consequences of climate disasters
New global fund for forests is a bold experiment in conservation finance
If successfully implemented, the sovereign-backed investment fund – championed by Brazil – could generate far more money for tropical forests than traditional donor models
Loss and damage fund proposes helping governments first, local communities later
Campaigners have welcomed the proposed priorities for the loss and damage fund but say grants for communities should not be deferred
Finance for renewable energy in sub-Saharan Africa is defying the odds
Most countries in the region finally have operating wind or solar projects, despite huge political and economic challenges – perseverance is needed
African banks back oil export pipeline despite climate commitments
Lenders including Afreximbank are backing Uganda’s EACOP project, while publicly talking up their support for a just energy transition.
How to reinforce the multilateral climate system in 2025: Step up, one by one
Each country needs to honour their respective commitments to provide climate finance and develop an ambitious national climate plan