Recognise ‘Un-enabling’ environment that prevents climate finance access, says Global South at UN talks in Cartagena

Experts & governments met for technical discussions and negotiations on New Collective Quantified Goal on climate finance

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 Permanent Forum on Indigenous Issues: Progress towards protecting indigenous territories slow, say experts

Though the Indigenous Peoples have a crucial role in protecting land, they receive less than 1% of climate finance

Earth Day 2024: Bhutan will host global meet today to mobilise finance for tiger conservation across Asia

World needs to invest $1 billion over next decade to conserve tigers and their habitats across the continent  

Scaling up private finance is crucial to bridge funding gap for climate change projects

India’s climate pledges need a staggering $10 trillion financial investment, about three times the country’s GDP

Politics is a party

COP28: New Initiative to tackle debt & climate change launched by Kenya, Colombia, France

Countries announce coalition of experts to review linkages between debt, nature and climate change   

COP28: African youths want industrialised nations to more than double adaptation finance in Africa

Even if adaptation finance was doubled to $40 billion, it wouldn't still meet the assessed needs, they highlighted

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

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

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

Wind power in India: Report blames COVID-19 pandemic for slowest growth in decade

India added just 1.1 gigawatt of onshore wind projects in 2020

Typical US

Anyone but US is the problem

Bihar set to increase size of its green budget for next financial year

After education and health, major provisions will be made for the green budget, said officials

COP28 Dubai: Climate finance to developing countries needs to quadruple by 2030 to reach Paris goals, says new report

Developed countries must lead by tripling the amount of bilateral concessional finance by 2030, say authors

Africa needs to double energy investments to achieve energy, climate goals by 2030: IEA

Full access to modern energy by 2030 will require investment of $25 billion per year

Sub-Saharan Africa’s debt burden increased to record $702 billion in 2020 — highest in a decade

The region has more debt than it can pay off

Berlin’s grassroots plan to renationalise up to 200,000 ex-council homes from corporate landlords

PM Modi: Climate action ambitions must match with action on climate finance

Calls for democratising climate action in a blog article

COP27: Adaptation pledge sum 35% less than Glasgow, despite UN call for more support

Forty per cent of adaptation fund pledged in Glasgow not yet met