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4 Jun 24
The countries most at risk from the climate emergency face debt obligations that have reached their highest level in over three decades.
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15 Mar 24
Sovereign wealth funds are increasing climate change scrutiny
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20 Feb 24
Concessional loan support will finance projects to improve resilience against climate change such as those that reduce vulnerability to flooding and coastal erosion, the International Monetary Fund...
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6 Feb 24
Developing countries will be unable to raise the $3trn a year necessary to meet climate change and Sustainable Development Goals without a significant reduction in debt costs, researchers have warned...
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18 Jan 24
Extreme weather events caused by climate change could lead to $12.5trn of economic losses and 14.5 million extra deaths by 2050 without decisive action to reduce carbon emissions, the World Economic...
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5 Jan 24
Accelerating “bold” investments will improve progress on the Sustainable Development Goals and climate targets, and will help boost the world economy’s stagnant growth, the United Nations has said.
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14 Dec 23
Historic deal beats expectations on emissions.
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5 Dec 23
Investment programme to ‘prevent millions’ of climate-related deaths.
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1 Dec 23
Hundreds of economists and climate experts have asked rich countries to cancel debt for lower income countries, which are often bearing the brunt of the climate crisis while being starved of the...
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28 Nov 23
Business as usual not an option, says World Bank.
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7 Nov 23
Military conflicts have been a key contributor to climate change and it would cost the US and UK more than $100bn to compensate for the impact on the Global South, researchers have claimed.
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31 Oct 23
New deal dependent on public sector improvements and reduced inequalities.
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18 Oct 23
The European Union has affirmed its ambition to increase climate finance for developing nations ahead of the United Nations’ annual summit.
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10 Oct 23
The central bank of Morocco has purchased two $100m sustainable development bonds from the World Bank as the region hosts the lender’s joint annual meeting with the International Monetary Fund.
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6 Oct 23
Costs associated with climate change could hit Irish public finances by at least €6bn a year from 2030 onwards, its fiscal advisory council has warned.
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29 Sep 23
Morocco is set to receive a $1.3bn loan from the International Monetary Fund to help resilience against climate change and natural disasters, just weeks after it was hit by a devastating earthquake.
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22 Aug 23
High debt costs “trap” many countries in the Global South in a cycle of fossil fuel production as they try to generate enough revenue to service their borrowing, representing a barrier to phasing out...
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8 Aug 23
Dozens of countries will see their credit ratings cut unless the world cuts greenhouse gas emissions and slows climate change, research has suggested.
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8 Aug 23
The Ecuadorian government is set to receive a $500m development loan from the World Bank to support climate mitigation and green economic development.
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27 Jul 23
Economic challenges for emerging countries to reach Net Zero could be solved by the West and China, says think tank
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18 Jul 23
Governments guaranteeing loans and a fund for countries in crisis are among plans for the World Bank to boost its lending power, as the bank’s new leadership faces up to its responsibilities amid...
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20 Jun 23
Finance ministries have an important part to play in dealing with the climate crisis, a group of ministers have said as they publish a guide for embedding green considerations into financial decision...
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20 Jun 23
Taxes on the world’s richest people and debt cancellation could help to fund climate change mitigation and adaptation projects in poorer countries and reverse growing inequalities, experts have said.
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19 Jun 23
Governments across the world will fail to fund the transition to net zero without reversing trillions of dollars of agriculture, fishing and fossil fuels subsidies, economists at the World Bank have...
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26 May 23
Fears over the affordability and security of fossil fuels are set to increase renewable energy investments this year, experts at the International Energy Agency have said.