A report by top economists on finance for climate action was weakened after feedback from G20 nations, even as the UN says they must all slash emissions
Some biodiverse developing nations want to replace it with a new fund that would give them a bigger say in how it’s run and easier access to its resources
The African and Inter-American Development Banks want assets channelled through them so they can get more from the money
The loss and damage fund should use parametric triggers to pay out when climate disaster strikes small island developing states
Introducing strong policies to accelerate the rollout of renewables, coupled with a rapid, legally implemented phase-out of fossil fuels, may be our best hope for curbing global warming
Many developing countries are rich in renewable resources and growing them fast – with more investment, they can tip the balance towards green industrialisation
With rich raw materials and rising interest in manufacturing capacity, the continent can become a global leader in the battery storage value chain – but it needs international capital
Developers of carbon credit projects will have to carry out a risk assessment and minimise any social or environmental impacts
A new climate finance goal is the top priority for the Baku summit – and there are signs of convergence on critical issues
Negotiators cite “convergence” on the shape of the post-2025 finance goal but gaps remain on contributors and amounts
GCF chief Mafalda Duarte tells Climate Home how she plans to boost the fund’s impact and position it to secure more resources
GCF head Mafalda Duarte promises a more proactive plan to bring cash to the most vulnerable countries struggling with climate impacts
In its first such move, the Green Climate Fund has pulled out of a project after developers failed to address environmental and social compliance issues
The UN’s flagship climate finance initiative can barely sustain its existing portfolio after a lackluster fundraising conference on Thursday
The UN’s flagship global climate fund looks likely to have to rein in its ambition, after France announced just a 4% boost in its contribution.
The Green Climate Fund suspended a $117 million forest conservation project in Nicaragua over escalating violence against indigenous people.
Developed countries pushed for more focus on private money while developing governments wanted more public money from rich nations
The pledge sets the bar for other wealthy countries and puts the fund on track for what it calls a “mid” level of ambition
Guyana’s Indigenous communities are under siege from all sides – including an opaque carbon-offsetting scheme agreed by the government on our lands
A coalition of governments and multinational corporations promises to pay Pará state $180m to save its rainforest
The carbon market standard found “serious” quality issues with the projects, prompting questions about their initial approval
The Integrity Council for the Voluntary Carbon Market decided existing renewables methodologies don’t do enough to prove their emissions reductions are additional
The Biden administration throws its weight behind the industry’s attempts to boost integrity in the beleaguered market
Local communities will be able to officially challenge UN-registered carbon credit projects before and after they are up and running
Businesses are not required to cut all their value chain emissions in line with a 1.5C warming limit – and allowing offsetting could weaken efforts further
UN rules governing bilateral carbon offsetting between governments have yet to be agreed but deals are being done, raising concerns about integrity
Strong action on climate change would shrink demand for vessels by a third, impacting investment decisions being made now, analysts say
The French president gathered the world’s biggest investors this week to push them to back climate-friendly projects
Ratings agencies say the state’s bid to go 100% renewable poses a ‘significant threat’ to gas generators’ credit stability
Shareholders are taking the Commonwealth Bank to court, alleging that it is misleading investors about its financial position
Report by Climate Action Tracker warns that overly bullish gas demand forecasts will lead to stranded assets or an unsafe future climate
Shareholders in world’s largest private oil company won a victory that signals deep unease about climate change amongst major investors
Major investors BlackRock and Vanguard could tip the balance and force oil firm to publicly divulge risk clean technology and regulations pose to its business
PM Theresa May has offered to help wean Saudi Arabia off oil, but her government’s subsidies to North Sea producers are a poor model for the Middle East petrostate
The investment plan mirrors the model of Just Energy Transition Partnerships (JETPs) – and includes $8.5 billion to conserve and restore nature
Simon Stiell tells investors in NYC that rich countries are benefiting most from clean energy growth while poorer nations are deprived of finance for cheaper renewables
Action on clean energy and adaptation can be the single greatest opportunity to lift up African people and economies, Simon Stiell says
While international public finance for coal, oil and gas has fallen by two-thirds, little of that money has gone to boost green energy in poorer countries
Environmental campaigners take the EU to court over the inclusion of fossil fuel-powered planes and ships in green taxonomy
Climate-proofing homes is now an essential response to regular extreme weather events and can help prevent displacement
Four months after partnering with the new “landmark” climate vehicle at COP28, a BlackRock fund put money into a US gas pipeline
Negotiations failed to progress as rich countries refused to discuss a dollar amount for the new goal due to be agreed at COP29
Climate Home found leading asset managers hold shares in coal firms within funds touting sustainable credentials
Rich countries should take concrete steps to stem the global flow of funds from their commercial banks which are fuelling expansion of the coal industry
The International Finance Corporation is closing a loophole that allowed its financial clients to continue funding new coal projects
Climate Investment Funds CEO Mafalda Duarte has been tasked with mobilising private capital to help wean developing countries off coal and create cleaner jobs
CIMB has been hailed as the first major bank in an emerging market to publish a coal exit strategy, after investing $2.6 billion in the sector last decade
Incentives for long-term sustainability, an end to fossil fuel subsidies, more telework are all needed to make the global economy resilient to shocks like Covid-19
Climate Analytics research group calls on Seoul to phase out existing coal-fired power plants, stop new construction and halt funds for coal projects in other Asian nations
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Japan’s Asia Zero Emission Community (AZEC) supported 56 projects using fossil fuel technologies in Southeast Asia — including LNG and carbon capture
The Japan Bank for International Cooperation approved a loan to the controversial Vung Ang 2 coal project from a facility intended for “environmental preservation”
Nominee to lead the bank told MEPs it could adopt new measures to prefer green investments if she is confirmed
Christiana Figueres is urging public authorities and corporates to scale up climate-friendly infrastructure investment by 2020, under the “green bond pledge”
Money raised by the Power Finance Corporation will support solar and wind projects, contributing to national renewables target of 175GW capacity by 2022
Prime minister Frank Bainimarama says money raised with help from the World Bank sets an example for innovative green finance to protect the vulnerable
Beijing’s sustainable finance push is bearing fruit, with a world-leading $36.9bn worth of green bonds issued last year
Donald Trump’s US election win may damage the Paris climate deal, but climate risk reporting rules for businesses could radically change the investment landscape