Comment
Why we no longer use the phrase ‘brown finance’
We realised “brown finance” to describe investment in harmful fossil fuels is offensive to people with brown skin, so we switched to “dirty finance”
There will be no ‘green recovery’ for poor countries without loss and damage finance
A loss and damage fund linked to rich countries’ mitigation efforts could levy new funds to address ‘perfect storm’ of flooding, Covid-19 and economic hardship
How ‘green’ the EU recovery is depends on member states
A 7-year EU budget and coronavirus recovery plan agreed this week calls for climate-friendly spending, but the details have been left to national capitals
World Bank policy advice boosts oil and gas, undermining climate goals
In technical assistance to governments like Mozambique’s, the World Bank favours the interests of the fossil fuel industry over those of ordinary citizens
No time for loopholes: Japan must immediately end all overseas coal finance
Environment minister Shinjiro Koizumi promised to scrap funds for dirty power plants abroad, but the government is making too many exceptions
Small islands need a debt shakeup to survive climate and Covid shocks
The coronavirus pandemic has choked off tourism, worsening the debt burden of small island states already facing significant climate threats
The EIB has further to go to become the “EU Climate Bank”
The European Investment Bank should stop supporting airport expansion and close the loopholes in its policy against lending to fossil fuels
EU must not sacrifice the Amazon rainforest on the altar of trade with Brazil
As Brazil’s second-biggest trade partner, the EU should condemn President Bolsonaro’s assault on environmental protections and indigenous rights
