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
G7 leaders pledged to end overseas public finance for fossil fuels but made exceptions for temporary gas investments deemed “necessary” to address the energy crisis
There are worrying signs from Berlin and Tokyo of backsliding on a pledge to end public finance for fossil fuel projects overseas by the end of the year
At a ministerial meeting of donor and developing countries, the UK said it would aim to secure additional financial support for vulnerable nations by June
US president-elect Biden sees Johnson as a “clone” of Trump and disagrees with him on Brexit, but both leaders want to make next year’s Glasgow climate talks a success
The Brazilian government has suggested it would reject the offer after president Jair Bolsonaro’s chief of staff said the resources are “more relevant to reforest Europe”