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
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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
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
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
Frontline countries must not be stuck with the climate bill at COP29
Someone will have to pay for the rising costs of the climate crisis – will it be those causing the damage, or those that suffer it?
From cyclone to drought, Zimbabwe’s climate victims struggle to adapt
Five years after Cyclone Idai devastated eastern Zimbabwe, relocated communities face a new threat – water shortages – with authorities saying they lack money to build a dam
Biodiversity market takes off at COP16, in shadow of carbon credit chaos
Several new guidelines for biodiversity credits were launched at COP16 in Cali, Colombia, where activists warned on risks to nature conservation efforts
G20 waters down experts’ climate finance report, despite UN pressure to act
A report by top economists on finance for climate action was weakened after feedback from G20 nations, even as the UN says they must all slash emissions
At COP16, countries clash over future of global fund for nature protection
Some biodiverse developing nations want to replace it with a new fund that would give them a bigger say in how it’s run and easier access to its resources
European Central Bank holds back plan to boost climate finance for Africa, Latam
The African and Inter-American Development Banks want assets channelled through them so they can get more from the money
Parametric triggers: How small islands can escape the climate-poverty trap
The loss and damage fund should use parametric triggers to pay out when climate disaster strikes small island developing states
The Global South is surging ahead in the renewables revolution
Many developing countries are rich in renewable resources and growing them fast – with more investment, they can tip the balance towards green industrialisation
To capture renewable energy gains, Africa must invest in battery storage
With rich raw materials and rising interest in manufacturing capacity, the continent can become a global leader in the battery storage value chain – but it needs international capital
How the world can set itself up for success at COP29
A new climate finance goal is the top priority for the Baku summit – and there are signs of convergence on critical issues
Progress on structure for new global climate finance goal but trickier divides persist
Negotiators cite “convergence” on the shape of the post-2025 finance goal but gaps remain on contributors and amounts
Japan backs fossil fuels in Southeast Asian “zero emission” initiative
Japan’s Asia Zero Emission Community (AZEC) supported 56 projects using fossil fuel technologies in Southeast Asia — including LNG and carbon capture
Colombia adds nature to the mix with its $40-billion energy transition plan
The investment plan mirrors the model of Just Energy Transition Partnerships (JETPs) – and includes $8.5 billion to conserve and restore nature
Amazon state that will host COP30 strikes “largest carbon credit sale in history”
A coalition of governments and multinational corporations promises to pay Pará state $180m to save its rainforest
UN climate chief warns of “two-speed” global energy transition
Simon Stiell tells investors in NYC that rich countries are benefiting most from clean energy growth while poorer nations are deprived of finance for cheaper renewables
Senegalese banker Ibrahima Cheikh Diong picked to lead new loss and damage fund
Diong has experience in development banking, government and insurance against climate disasters in Africa
Biodiversity finance grew ahead of COP16 but came mostly as loans, says OECD
Funding for efforts to protect and restore nature increased to $15.4 billion in 2022 – mostly driven by concessional loans from multilateral banks
UK calls for “ambition” on COP29 climate finance goal but won’t talk numbers
The UK’s new foreign minister, David Lammy, says Global North rhetoric on climate action must be matched by funding but stays silent on the size of a new global finance goal
Developing countries denounce rich nations’ disregard for just transition talks
One negotiator said it was “very unfortunate” that no developed-country officials travelled to Ghana for UN climate talks on “response measures”
Slow progress in Baku risks derailing talks on new climate finance goal at COP29
Azerbaijan’s COP29 president calls for determination and leadership from all countries to bridge the gaps on finance
Green Climate Fund restructures, aiming to become donors’ “partner of choice”
GCF chief Mafalda Duarte tells Climate Home how she plans to boost the fund’s impact and position it to secure more resources
UN climate chief calls for “exponential changes” to boost investment in Africa
Action on clean energy and adaptation can be the single greatest opportunity to lift up African people and economies, Simon Stiell says
As Pacific Islanders, we need climate action – not greenwashing – from Azerbaijan
As host of the COP29 summit, Baku must stop fossil fuel expansion, cut its emissions further, and work to deliver an ambitious climate finance goal
Leaders are cutting fossil fuel finance – next comes unlocking clean energy for all
While international public finance for coal, oil and gas has fallen by two-thirds, little of that money has gone to boost green energy in poorer countries