Finance
Rich nations accused of inflating climate adaptation finance figures
Japan labelled loans for roads and bridges as “climate adaptation” finance, while the World Bank counted support for Nepal to rebuild from an earthquake
Exclusive: Japan uses ‘environmental’ fund to finance Vietnamese coal plant
The Japan Bank for International Cooperation approved a loan to the controversial Vung Ang 2 coal project from a facility intended for “environmental preservation”
Poor and island states highlight toll of climate disasters in submissions to UN
In their updated national contributions to the Paris Agreement, vulnerable countries say they need more financial support to cope with extreme weather and rising seas
France and UK lead push for climate finance to restore nature
Campaigners welcomed commitments to ramp up funding for biodiversity but raised concerns it came at the expense of other climate and aid spending
China launches world’s largest carbon market for power sector
China’s national emissions trading scheme could become a significant lever for climate action, but experts warn that it will do little to curb emissions in the short term
Gas pipeline investment shows flaws in EU ‘climate bank’ approach
The European Climate Bank claimed its €1 billion investment in the Southern Gas Corridor was “climate neutral”, based on mistaken assumptions
UN-led carbon market suspends formal project registration after 2020
Countries are under mounting pressure to resolve carbon trading rules at Cop26, as the future of the Clean Development Mechanism hangs in the balance
UK plans climate donor summit to address ‘dismal’ support for poorer nations
The presidency of next year’s Cop26 climate talks will bring vulnerable countries and donors together to address climate and development challenges
Poor nations call for more financial support to cope with climate impacts
At a summit of least developed countries, leaders said they needed aid to overcome climate disasters and put ambitious climate plans into action
Christine Lagarde must change course to a green coronavirus recovery
The European Central Bank has pumped an estimated €100 billion of Covid bailout cash into polluting sectors, despite its chief’s climate-friendly rhetoric
