Setting finance goals without the revenues and systems to deliver on them is a recipe for disappointment – this year it must be different.
Data shows countries provided $89.6bn in 2021, but funding for adaptation declined.
The UK won friends and influence as Cop president, its not in its interest to throw that all away by abandoning its climate ambition
While drawing up their renewables deal with wealthy countries, Senegalese government, civil society, business and researchers had their say
The Paris summit failed to unlock real money for climate finance, potentially driving developing countries further into debt without boosting real climate solutions
China is not obligated to provide financial aid but has pledged to “make available’ $3.1bn to other developing countries
Developed nations should have met the climate finance commitment in 2020. But they are still not there.
Joe Biden urged leaders of major emitting economies to step up efforts to roll out zero-emission vehicles, cut methane emissions and deploy carbon capture technologies
At a meeting discussing the World Bank’s stronger focus on climate, Russia has also urged the lender to extend its support for gas projects.
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.
Cop27 resulted in the historic decision of setting up a loss and damage fund to help vulnerable countries, but success depends on a few key actions.
Scientists say funding needs to increase ‘many-fold’ in order to reach climate goals and protect communities disproportionately affected by global warming
Indigenous people in Nicaragua have accused a Green Climate Fund project of exacerbating violence with settlers invading their land
Researchers are working with eight developing countries to pool resources and respond to climate disasters with local solutions
India wants the World Bank to lend more money for climate finance, at cheaper rates, in developing countries and will use its G20 chair to push this agenda
Last year, the World Bank’s president David Malpass refused to accept the scientific consensus on global warming, leading to calls for the US government to push him out
Climate negotiators expressed relief as the US secured congressional support for climate spending, but said developing countries need direct support to follow