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
Finance
See all
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
Shipping braced to take a hit in Durban
Shipping has been targeted as a source of finance for the Green Climate Fund, but could a deal at Durban mean the industry ends up paying a disproportionate amount?
UK high speed rail development gets green light
£34bn project receives cross party support as US and China plans falter
G20 commits to Green Climate Fund but no mention of Kyoto
G20 leaders call for “balanced outcome in Durban” and set sights on eradicating fossil fuel subsidies but makes no statement on Kyoto Protocol
Emission intensity rise points to “dirty” global recovery
New analysis from Pricewaterhouse Coopers shows that carbon emissions grew faster than many countries economies last year, pointing towards a “dirty” global recovery.
£50bn Thames transport hub plan revealed
Climate change protection integrated into landmark infrastructure proposal for London
Green start-ups lack funding
Despite overtures from government and the financial sector, finding the seed capital to get off the ground can be difficult for clean, green start-ups
In-Vested interests: The UK Green Investment Bank’s missed opportunity
Restricting Green Investment Bank’s financial power could sap the renewable energy industry of valuable funding
Exclusive: Figueres ‘hopeful’ over COP17 climate talks
The head of the United Nations Framework Convention on Climate Change tells RTCC that she is hopeful real progress can me made at COP17 in Durban.