Finance
G7 offers ‘peanuts’ to developing world, putting climate ambition in doubt
While Canada and Germany set out new climate finance pledges, rich countries are still falling short of a target they promised to meet in 2020
Swiss public reject climate law over cost of living fears
In a referendum on Sunday, Swiss citizens narrowly voted against a package of measures including increased taxes on petrol and flights
G7 leaders told solidarity with poorer nations is critical to Cop26 success
The UK is hoping to broker agreements on climate finance and vaccine support to developing countries when G7 leaders meet in Cornwall next week
The EIB won’t become a climate bank until it fully stops supporting fossil fuels
The bank has committed to end fossil fuel financing by the end of the year but has handed out billions in support for companies wedded to the industry
Why Denmark and Guinea are working together to tackle climate loss and damage
Solidarity and innovation are needed to provide a safety net for communities vulnerable to droughts, floods and intense storms
To meet net zero by 2050 we need a long-term vision for carbon pricing
Only about 3.8% of global emissions are covered by a carbon price above $40 a tonne – that needs to change if the world is to meet the Paris Agreement goals
G7 commits to end unabated coal finance in 2021 to ‘keep 1.5C within reach’
After initial resistance, Japan agreed to the ministers’ statement, leaving China isolated as the last significant coal funder overseas
Shell’s net zero plan will be judged on science, not spin
Shell’s net zero plan is better seen as a defence of its core oil and gas business, which it is planning to expand, than a genuine energy transition
Youth activists prank Standard Chartered in critique of coal lending policy
Fridays for Future activists donned false moustaches in a stunt to put pressure on Standard Chartered to stop financing fossil fuels
Merkel ‘wasted opportunity’ to show international solidarity at climate summit
The German chancellor resisted calls to announce an increased climate finance pledge at the Petersberg Climate Dialogue, her last before leaving office in September
