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
Finance
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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
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
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.
The Loss and Damage Fund must not leave fragile states behind
Unless the unique needs of conflict zones are prioritized, climate-vulnerable communities risk losing out on finance again
EU “green” funds invest millions in expanding coal giants in China, India
Climate Home found leading asset managers hold shares in coal firms within funds touting sustainable credentials
UK’s Labour promises “solidarity” with poorer nations on climate – but no new cash
Labour’s shadow foreign minister says cost-of-living crisis means some climate finance must come from outside rich governments’ budgets
New finance goal needed to protect climate momentum from a Trump win
The victims of the climate crisis will need support, and the energy transition will need to be funded, whoever is elected as the next US president
UN climate chief warns of “steep mountain to climb” for COP29 after Bonn blame-game
Countries expressed disappointment as key negotiations on climate finance and emissions-cutting measures made scant progress at mid-year talks
G7 countries must deliver on COP28 promise to cut fossil fuels
For Pacific Island nations like mine, the transition to clean and renewable energy is not just a goal but a necessity for survival
Bonn bulletin: Fears over “1.5 washing” in national climate plans
Next round of NDCs in focus as negotiations wrap up with a final push to resolve fights on issues including adaptation and just transition
Bonn bulletin: Climate finance chasm remains unbridged
Governments split on when and how to set a dollar amount for new finance goal, and human rights activists seek stronger protection in COP host nations
Bonn makes only lukewarm progress to tackle a red-hot climate crisis
At mid-year UN talks, negotiators have achieved little to get more help to those struggling with fiercer floods, cyclones and heatwaves in South Asia
G7 coal charade: Funding the fire they claim to fight
Rich countries should take concrete steps to stem the global flow of funds from their commercial banks which are fuelling expansion of the coal industry
Bonn talks on climate finance goal end in stalemate on numbers
Negotiations failed to progress as rich countries refused to discuss a dollar amount for the new goal due to be agreed at COP29
Bonn bulletin: Fossil fuel transition left homeless
Countries clash over where to negotiate the shift away from dirty energy agreed at COP28, while talks on a new climate finance goal make little progress
No shortage of public money to pay for a just energy transition
With negotiations underway to establish a new global climate finance goal, wealthy countries are once again trying to shirk their responsibilities
Bonn bulletin: Crunch time for climate finance
Negotiators take on tricky topics in a slimmed-down finance text as UN climate chief calls for country transparency reports to shed light on NDC progress
Developing countries suggest rich nations tax arms, fashion and tech firms for climate
At Bonn talks, G77 group floats a 5% sales tax on tech, fashion and defence firms to fund green spending in the Global South
North Africa’s disappearing nomads: Why my community needs climate finance
My people are experiencing loss and damage, and deserve international support under a new climate finance goal – negotiators in Bonn and beyond must take heed
Quality – not just quantity – matters in the new climate finance goal
Negotiators in Bonn should work to ensure funding provided under a new goal set to be agreed later this year at COP29 is affordable and accessible
“Great enabler of climate action” – UN urges Bonn progress on new finance goal
UN Climate head Simon Stiell called on countries to start narrowing down options to strike a deal on post-2025 climate finance by COP29 in November
Climate, development and nature: three urgent priorities for next UK government
Revitalised global leadership from Britain can make a difference at a deeply troubling and fractured time for world affairs
Rich nations meet $100bn climate finance goal – two years late
Developed countries gave nearly $116 billion in climate finance in 2022, but experts and campaigners questioned how the target was met
Paris summit unlocks cash for clean cooking in Africa, side-stepping concerns over gas
The gathering raised $2.2 billion for clean cooking in Africa, where four in five people still use polluting energy like charcoal – but some say LPG should not be promoted as a transition fuel
Seismic shifts are underway to find finance for loss and damage
The new UN fund can channel taxes and other innovative ways of raising money to pay for climate loss and damage – we just have to decide to apply them
Loss and damage board speeds up work to allow countries direct access to funds
At its first meeting, the fund’s board decided to fast-track the selection of its host country so money can be disbursed as fast as possible to disaster-hit people
How to fix the finance flows that are pushing our planet to the brink
Commercial banks are financing a huge amount of fossil-fuel and industrial agriculture activities in the Global South – they must turn off the tap