Rich nations “on track” to double adaptation finance but huge gap persists
While adaptation funding jumped by about a quarter in 2022, a large share came as loans rather than grants, adding to developing-nations’ debt burdens
Finance
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How to fix the finance flows that are pushing our planet to the brink
Commercial banks are financing a huge amount of fossil-fuel and industrial agriculture activities in the Global South – they must turn off the tap
COP29 Bulletin Day 7: Emissions-cutting talks resurrected and G20 nudge on finance
COP29 president Mukhtar Babayev says the summit “cannot be silent on mitigation” as countries split on where to discuss the energy transition
After developing country walkout, ministers arrive to rescue nature talks
Tensions are running high at the Cop15 biodiversity summit over a finance gap estimated at $700 billion per year
In Java, a Japanese-financed coal plant threatens our health and livelihoods
The Indramayu coal plant will dirty our air, destroy our livelihoods and worsen the climate crisis. Japan must stop financing it immediately
What does China’s Black Monday mean for the climate?
NEWS: Shanghai stock market crash will have rippling impacts on emissions, the green economy and Paris negotiations
Financial gatekeepers are blocking green investment – study
NEWS: Pension funds and investment consultants are passive on climate risk and locked into short-termism, say researchers
Prince Charles urges ‘ethical investment’ of pension funds
Prince of Wales tells investors that they have a duty to invest wisely to avert a “miserable future” for their grandchildren
Clean energy investments under attack from Australian government
Morning summary: Abbott to stop Clean Energy Finance Corporation; women leaders tells Obama to scrap Keystone; and animals need to be genetically modified
London Stock Exchange set for ‘carbon bubble’ protest
Campaigners to hand out bottles of “carbon bubbles” to highlight problem of unburnable fossil fuel reserves
Climate finance: the elephant that’s not even in the room
Lack of progress on climate finance flows could fatally undermine attempts to broker a global deal in 2015
Natural disasters cost $160bn in 2012
Hurricane Sandy costliest single event but non-economic losses from agriculture could be felt long into 2013
Big investors guilty of climate greenwash, says new report
Debut Asset Owner’s Disclosure Project finds a third of funds have no climate change policy, and many of those that do cannot back it up with actions.
Ministers must put climate cash offers on the table in Doha
COP18: Pledges or at least indications of when these will come are a must to propel progress and trust in the 2020 climate change deal, says E3G’s Amal-Lee Amin.
Mistrust and confusion holds back REDD+ finance
Global Canopy Programme’s Andrew Mitchell says breaking down complex language of REDD+ vital to ensure the scheme succeeds
Climate change finance pledges should be seen as investment – GEF
VIDEO: Climate change and biodiversity financial initiatives should be re-framed as investments rather than costs, reflecting the services the environment provides.
UN biodiversity talks end with finance deal as countries double funding to $10bn
Developed countries increase financial support to the developing world, but conservation groups say this falls far short of what is needed to protect biodiversity and combat climate change.
Hyderabad biodiversity talks: day 11 diary
CBD COP11: Finance crucial on final day or talks, criticism over participation numbers in Hyderabad and national tiger database announced.
UNEP chief Steiner says finance deal at COP11 still possible
CBD COP11: Achim Steiner says talks on funding UN biodiversity targets are on course for successful resolution despite signs of deadlock
UN biodiversity chief calls for finance deal at Hyderabad talks
CBD COP11: Braulio Dias calls for negotiating teams in Hyderabad to break current deadlock over finance and demonstrate a “willingness” to talk.
Deadlock on finance at UN Biodiversity summit
CBD COP11: Familiar splits as global north and south fail to agree on biodiversity finance targets or framework
Hyderabad biodiversity talks: day 4 diary
CBD COP11: Finance heats up, Hyderabad’s cash machines cool down and youth groups make a stand
WWF reminds nations of promises on environmental finance
WWF express ‘concern and disappoitment’ over lack of delivery on finance since last major UN Biodiversity conference two years ago
Crowdfunding: A new source of finance for sustainability and renewable energy
In an age of austerity and bank collapses could Crowdfunding provide a long-term and sustainable form of finance for renewable energy and other ‘green’ schemes?
Where will the money come from to pay for climate change? Lessons from Day two of UNFCCC finance workshop
Discussions in Bonn turned to identifying specific sources of funding and how they might be able to turned into action on the ground, but old disputes meant there was no clear winner.
UNFCCC kicks off first finance workshop
The latest international climate change news, debate and video from RTCC.
Rio+20: Five climate change ideas that didn’t make the Earth Summit outcome
While proposals in the final text were weak, some important ones didn’t even make it into the document. RTCC looks at five ideas for climate change action that didn’t make the grade.