Finance
‘Breakthrough’: IMF develops fund to help debt-laden nations address climate risks
The IMF trust fund could be worth up to $50 billion and meet vulnerable countries’ call for support to address the triple crisis of debt, Covid and climate change
Heat rises on donor countries to meet overdue $100bn climate finance promise
Nearly 150 green groups have told rich governments they must make up for missing their climate aid target by delivering $600bn in total 2020-25
Japan eyes international carbon offsets to deliver 2030 emission cuts
Campaigners accused Japan of failing to take responsibility for cutting its own emissions and relying on developing nations to do so
The IEA is embracing 1.5C ambition, leaving no excuse for new fossil fuel investment
In a fundamental shift in mainstream thinking, the world’s most influential energy body has for the first time put a net zero scenario at the heart of its forecasting
Dispute grips Green Climate Fund over net zero condition for accessing finance
Board members from developing countries insisted that making a 2050 net zero goal a condition for accreditation to the fund breaches equity principles
GCF considers renewed partnership with UNDP, amid corruption investigations
The Green Climate Fund board has been advised to re-accredit the UN development agency, despite unresolved corruption claims against projects in Samoa and Armenia
Defunding dirty energy – Climate Weekly
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Why I refuse to collude with polluters in the carbon offsetting lie
The industry-led Taskforce on Scaling Voluntary Carbon Markets is pitching carbon offsets as a win for the Global South. This is greenwashing at its most patronising
US to double climate finance again, but gap remains to $100bn
Joe Biden announced an increased US contribution to climate action in developing countries at the UN general assembly on Tuesday
Latest data shows rich countries little closer to $100bn climate finance promise
OECD figures show international climate finance increased by just 2% from 2018 to 2019, leaving a $20 billion shortfall to the 2020 target
