We’ve had enough “transparency” and “dialogue” around fossil fuel subsidy reform. It’s time to change the defaults
As carbon credits face intense scrutiny, negotiators will wrangle over how to ensure the integrity of a new global carbon market
Samuele Landi has been convicted for bankruptcy fraud in Italy. That was no problem for the UAE firm doing forest carbon credit deals across Africa.
Since President Widodo launched Indonesia’s exchange two months ago, there’s been barely any trading of carbon credits
The taskforce, set to be launched at Cop28, will consider the feasibility of levies on shipping, aviation, financial transactions and fossil fuels.
After the UK cut short a £52m climate adaptation scheme in Malawi, vulnerable communities saw their livelihoods destroyed by Cyclone Freddy
Developing countries made key concession to land a draft deal on funding for climate victims, subject to political signoff at Cop28
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
The UN’s flagship climate fund is struggling to clearly manage risks in its projects, an independent review has found, making it wary of taking on high-impact projects in developing countries
Indigenous people in Nicaragua have accused a Green Climate Fund project of exacerbating violence with settlers invading their land
The EU once led the world in combatting flawed forest offset schemes. Now it’s looking to give them a new lease of life.
Project owners in Cambodia and Brazil are selling carbon offsets to Uber, Marathon and ArcelorMittal despite an uptick in deforestation
The European Union is using taxes on pollution to fund a gas pipeline in Romania, claiming it will reduce emissions compared to coal
An Emirati coalition has announced a $450 million commitment to buy carbon credits generated in Africa but critics called offsets a “risky diversion”
Projects in India linked to Enking, the self-proclaimed world’s largest carbon credits producer, have vastly overestimated climate benefits
With all their flaws, carbon offsets are not the solution to deforestation of the Amazon rainforest – leaders should acknowledge that
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
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
A joint statement forming the basis of Africa’s negotiating position for Cop28 is silent on the role of oil and gas
Draft guidelines for its export credit agency signal support for some gas projects until 2025 – three years after the deadline set by the Glasgow pledge
The UK promised to deliver £11.6 billion in international climate finance by 2026. But a leaked memo suggests the target is being dropped.
While drawing up their renewables deal with wealthy countries, Senegalese government, civil society, business and researchers had their say
Ten multilateral development banks have agreed on how to make sure their investments meet climate goals. But experts told Climate Home the rules do not go far enough.
Public money should stop flowing towards the expansion of animal agriculture, which is responsible for a fifth of the world’s emissions
Developed nations should have met the climate finance commitment in 2020. But they are still not there.
At the World Bank’s spring meeting, US Treasury Secretary Janet Yellen called for the adoption of a reform that would free up funds for climate lending.
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
Trump, Thunberg set out radically different visions for the economy and climate in the 21st century
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