COP27: We don’t need new pacts, implement current ones, says climate scientist Saleemul Huq

Part 2: The climate scientist talks about need for region and ecosystem-wise targets for adaptation

What COP28 must achieve: Bold and ambitious action in a fractured world

We should treat COP28 as an opportunity to scrutinise the wealthy polluters and their plans up close and ask questions

World not on track to meet long-term climate targets, shows largest-ever UN assessment

Climate impacts “eroding past human development gains” & lack of adaptation action will make it difficult to make such gains in future

Explaining climate clubs: Rich countries are turning to climate, industrial deals with ‘friendly’ countries

These multilateral deals are premised on cooperation between like-minded countries on industrial and climate policy, but are concerned with …

Senegal signs Just Energy Transition Partnership deal after South Africa, Indonesia & Vietnam

The deal will mobilise 2.5 billion euros for Senegal & will help increase the share of renewable energy installed capacity to 40% 

High road to Dubai COP28: Developing countries demand ambition on financial support in Bonn

There can be no discussion on enhancing mitigation ambition in developing country Parties without an accompanied discussion on enhancing …

India should receive $57 trillion in compensation from Global North for climate damages: Study 

US should provide a cumulative compensation of $80 trillion, the European Union and the United Kingdom owe $46 trillion & remaining …

Reform global financing system, fast-track climate action: UN Chief

Supporting developing world at core of strategies outlined by Antonio Guterres         

What happened at CoP26: A complete report card

Glasgow Climate Pact dismisses climate justice as a concept that is important only for some

Key takeaways from the World Bank-IMF Spring Meetings 2024

The two Bretton Woods Institutions need to build momentum to deliver money for climate finance

Africa Climate Summit: Youth and children demand climate justice, call for action now

Africa Youth Climate Assembly emphasises need for collaborative and immediate action in a declaration, reflects urgency echoed in …

Paris finance meet: Momentum builds for polluter taxes to fund green transition

Panellists discuss shipping and airline levies, financial transaction taxes and fossil fuel taxes at Pact Summit

African cities and climate change: The real debate is who should pay to fix the problem

Re-balancing the carbon equation so African cities urbanise sustainably requires immediate and major investments in infrastructure

'Fossil fuel subsidies should be deemed as negative climate finance'

Experts cite examples of many countries which have begun diverting fossil fuel subsidies towards development projects

UN projects food inflation to go up in 2024 due to El Nino, rising geopolitical tensions

May impact food insecurity, poverty; scaling up climate financing critical to help developing countries cope with climate impact

New economic model, collaborative effort needed to address environmental challenges in Africa: UNEP

Model must help Africa adapt to climate change while creating jobs for its people

Green Climate Fund urges countries to convert pledges into contributions

Sweden has provided the largest contribution per capita to the Fund so far

Paris finance meet: Barbados envoy proposes tool to make green finance affordable

A Partial FX Guarantee Mechanism will reduce cost of capital for renewable energy projects in developing countries, says Avinash Persaud in his paper

The curious case of climate finance

While a recent OECD report suggested that climate finance had risen to US $110 billion, India found that the only credible finance was for US $2.…

Leading financers who pledged Net Zero are still backing fossil fuel expansion, finds report

Over 100 major coal, oil and gas players given $269 billion by financial institutions part of GFANZ

Egypt’s support to developing countries gives hope for COP27: Climate scientist Saleemul Huq

Part 1: The climate scientist talks about critical climate issues that can play a major role at the Sharm El-Sheikh summit

Adaptation Gap Report 2023: Funding to developing nations declines 15% despite international pledges, rising costs

Neither domestic nor private funding sources could help bridge the adaptation finance gaps, report notes

Lost and damaged

Negotiations on loss and damage signal a weak deal

UN launches 10 principles to close Asia-Pacific sustainable finance gap

Aimed at mobilising and deploying financing for key Sustainable Development Goals, particularly around climate action

Our cities need big funds to fight climate risks: World Bank

The COVID-19 pandemic added strain to cities’ finances in cities in developing countries; the disruption continues to make planning for …