Japan labelled loans for roads and bridges as “climate adaptation” finance, while the World Bank counted support for Nepal to rebuild from an earthquake
The Japan Bank for International Cooperation approved a loan to the controversial Vung Ang 2 coal project from a facility intended for “environmental preservation”
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
Campaigners welcomed commitments to ramp up funding for biodiversity but raised concerns it came at the expense of other climate and aid spending
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
The European Climate Bank claimed its €1 billion investment in the Southern Gas Corridor was “climate neutral”, based on mistaken assumptions
Countries are under mounting pressure to resolve carbon trading rules at Cop26, as the future of the Clean Development Mechanism hangs in the balance
The presidency of next year’s Cop26 climate talks will bring vulnerable countries and donors together to address climate and development challenges
At a summit of least developed countries, leaders said they needed aid to overcome climate disasters and put ambitious climate plans into action
The European Central Bank has pumped an estimated €100 billion of Covid bailout cash into polluting sectors, despite its chief’s climate-friendly rhetoric
Campaigners accuse the Green Climate Fund of letting governments game the UN’s Redd+ forest protection scheme, as Indonesia is awarded $103 million
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The GCF’s board meeting was held in Switzerland after some members objected to hold the session online, one delegate said
Candidates pledged to boost climate finance for developing nations and break US dependence on fossil fuels
Vastly more of the fund’s money should go to projects that adapt to the impacts of climate change
After the US, Russia, and Australia did not contribute, other developed countries fell $500m short of the fund’s starting capital
Two summits in one week presented a choice for African leaders: stalled promises of climate finance in Paris or business deals in Sochi
The major UN climate fund is running short of money, will rich countries live up to the promises they have given?
Brazil is seeking to join the net zero club, but campaigners denounced its pledge as meaningless while deforestation rises under President Bolsonaro
With more and more businesses setting net zero emissions targets, the voluntary carbon market needs stronger quality control to scale up, says UN special envoy
In an agreement that took two years to negotiate, Peru will get finance for sustainable development projects while Switzerland takes credit for the emissions cuts
The executive board is considering an extension of the Clean Development Mechanism beyond 2020, under industry pressure but with no political mandate
In its national climate plan, Cuba indicated it would like to sell carbon credits on an international market, a concept previously opposed by socialist allies
EU member states will back an industry proposal to reduce airlines’ climate obligations in response to the coronavirus pandemic, at the UN aviation forum
Project developers in poor countries are struggling to attract finance, as deadlock on international carbon trading rules cannot be resolved before November 2021
The industry is lobbying to rewrite the rules of a UN aviation pact, in a move researchers say would remove pressure to invest in clean flying technology
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
As developing countries prepare to negotiate a scaling up of climate finance at next year’s Cop26, the UK host faces criticism for reneging on its aid commitment
The EU investment arm’s climate roadmap ends lending to airport expansions but does not require all the bank’s intermediaries to have decarbonisation plans
Despite net zero pledges from the governments of China, Japan and South Korea, the ADB and AIIB are reluctant to commit to reducing finance to fossil fuels
Development banks supporting dirty projects are exacerbating climate chaos. This year needs to be a turning point to a just and sustainable future
Donor countries mobilised $78.9 billion of climate aid in 2018, but developing nations are expected to pay back nearly three quarters of the money
Nearly 80% of climate finance is in the form of loans that must be repaid, adding to the debt burden of the poorest countries, anti-poverty campaigners found
Vulnerable countries are struggling to survive the economic impacts of the coronavirus pandemic, let alone build back better, as debts mount up
Analysis shows IMF advice to countries accessing Covid-19 emergency funds fails to systematically address climate risks and implicitly endorses fossil fuel subsidies
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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Trump, Thunberg set out radically different visions for the economy and climate in the 21st century
International negotiations have always focused on carbon emissions, not the coal, oil and gas that create them. That’s changing
Nominee to lead the bank told MEPs it could adopt new measures to prefer green investments if she is confirmed
The world’s largest development bank proposed a pivot to clean energy, in a draft plan for consideration by EU finance ministers in September
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
Investors are sceptical about Warsaw bid to finance renewables, given its coal-heavy energy policy
London’s expertise places it in pole position to channel private finance to China, as superpower seeks to invest around $4 trillion a year in infratsructure
Robust standards are urgently needed to channel capital debt markets into climate-friendly projects, says WWF France chief Pascal Canfin