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
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
COM2024: Climate financing hurdles take centrestage at African economic ministers’ conference
Some of the home-grown financing solutions that some African countries have already started embracing include carbon trading
Global climate finance flows for 2015-16 increased by 17%: UN report
The report highlights that a large part of climate finance continues to go towards efforts to curb greenhouse gas emissions
COP27 diary (November 12): ‘US won't support legal structures for loss and damage liabilities’
A round-up of what went on at the Sharm El-Sheikh summit
Run up to COP27: Only a quarter of global climate finance flows into Asia; much of that in loan
India received a total of $37.1 billion in climate finance during 2013-2020
Corporate social responsibility practices in the times of COVID-19: A study of India’s BFSI sector
Banking, finance and insurance firms must understand the areas in which the society needs action and focus on them
Despite growing demand for climate fund, nations fail to agree on replenishment process
Discussions on funding proposals could not happen due to process-related disagreements among Board members
High road to Dubai COP28: 6th Technical Expert Dialogue on New Collective Quantified Goal held at Bonn
Quantum of new climate finance goal should be based on needs of developing countries, backed by science & tied to specific outcomes, …
COP28: Global Stocktake adopted, final text attempts stronger language on fossil fuels
Language calling out production of fossil fuels is now missing — a trade off for not making actions optional
Global climate finance increasing, but scale & pace not enough: New report
Increase in overall average climate finance flows to the one trillion threshold represents only 1% of the global GDP
States paid Rs 36.8 cr as interest to panchayats, still don’t transfer funds
Parliamentary standing committee flags off persistent delay in transfer of funds to panchayats but government’s reply have not been convincing
New report puts a $759 billion price tag on decarbonising global petrochemicals sector
BloombergNEF study explored how to cut emissions from fossil fuel’s non-energy uses
Government funds are not ‘taxpayer money’ — media and politicians should stop confusing the two
Kowtowing to a myth of ‘taxpayer money’ may act as a handbrake on decisive action
India needs to invest urgently in climate action
The government should engage with sector experts and increase participation of leading organisations in the field of climate finance
Climate Finance - Update I
EU leaders agree on climate finance
How good are green bonds
There has been a steady pick-up in green bonds in the last half a decade. Half the volume, however, came from only 5 countries
International Solar Alliance plans bank to fund energy access
Priority focus 1.2 billion with no access; next step: 2.4 billion without access to clean sources
Asia received largest share of climate finance in 2017: report
The report by Organization for Economic Cooperation and Development adds that public climate finance from developed to developing countries&…
Funds for clean air: Get the blueprint right
Committed funds for clean air action excites hope. Needs strong performance metrics. But there are also risks of underfunding some key sectors of …
Marginal triumph at COP28
The world agreed to transition away from fossil fuels at COP28 Dubai, besides operationalising a Loss and Damage Fund; it did not set a deadline …
COP28 Diary (December 10, 2023): New GGA draft weaker than previous text, countries talk about finance gaps at Majlis
Parties still not on same page about responsibilities in GST text; final texts on carbon market expected December 11
Children in 48 African countries at high risk of climate change impacts, says UNICEF report
International climate finance does not prioritise children, says UNICEF
Africa needs diversified green funds to plug climate adaptation finance gap of $41.3 billion: Report
Climate change may lead to an equivalent annual GDP loss of 10-20% in Africa by 2100
Extreme weather hits economies, hurts Asia most: WMO report
Loss due to landslides increased by 147% compared to average in the past 20 years