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24 Mar 23
Senior figures in Germany and the United States have urged the World Bank to adopt a “strong set of initial evolution reforms” aimed at driving climate finance.
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20 Mar 23
Insufficient and poorly targeted climate finance means the world is falling behind on action against global warming, a landmark report has stated.
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10 Mar 23
Higher fossil fuel taxes in India could fund renewable investments to improve energy security and save lives, economists at the International Monetary Fund have said.
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25 Jan 23
The Indian government has raised close to $1bn from its inaugural green bond to help fund investments in the transition towards net zero.
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19 Jan 23
The International Monetary Fund’s outlook for the global economy this year is less gloomy than before, owing to resilience in some important regions.
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19 Jan 23
Land reform is key to ending poverty and fighting climate change, according to the world’s leading government lender.
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4 Jan 23
The Norwegian government is set to release withheld funds aimed at reducing deforestation in Brazil, following the re-election of president Lula.
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22 Nov 22
New Zealand’s fire service was reformed five years ago in response to evolving needs and climate change, putting community understanding front and centre.
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22 Nov 22
Countries that suffer from climate change related natural disasters will be able to benefit from “loss and damage” funding after the COP27 conference agreed to set up a new global support mechanism.
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9 Nov 22
Countries across the developing world will need $2trn of climate finance a year by the end of this decade to offset the damage caused by climate change and reduce their reliance on fossil fuels,...
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2 Nov 22
Lenders should work with governments in sub-Saharan Africa to improve financial management and governance and help “catalyse” climate finance to the region, the International Monetary Fund has said.
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27 Oct 22
The energy crisis shows that countries across the world must redouble their efforts to finance the transition to low-carbon alternatives, along with the ever-present threat of climate change, the...
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21 Oct 22
New York’s housing officials have been urged to offer tax breaks to ‘early adopters’ to meet Net Zero targets.
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6 Oct 22
Countries across the world should speed up their fight against climate change in the next few years because the immediate cost will be “dwarfed” by the “overwhelming” benefits, economists at the...
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2 Aug 22
Rich countries must step up the level of climate finance they allocate to developing economies after a decade-long target was missed, the OECD has said.
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14 Jul 22
Developed governments have failed to use the energy crisis to fund incentives for the transition to renewable energy, delegates at Public Finance Live were told.
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21 Jun 22
Annual investment of $25bn for the next decade would allow Africa to meet its energy goals and reverse current backsliding on energy access, the International Energy Agency has said, calling for...
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31 May 22
One-third of European Union spending reported as being related to the climate was in fact irrelevant, a report has found, meaning the bloc missed its goal in the most recent budget period.
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26 May 22
Global income from levies on carbon dioxide production hit record highs in 2021, but the international community has been urged to do more to meet net zero targets.
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20 Apr 22
The World Bank is drawing up plans for a $170m medium-term crisis package to tackle the fallout from the Ukrainian invasion, Covid-19 and climate change – but admitted its ability to deal with future...
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17 Mar 22
The European Council has agreed an approach for partner countries to apply carbon tariffs on good entering the bloc to help fight climate change.
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22 Feb 22
Governments across the world spend $1.8trn on environmentally harmful subsidies each year, which could be redistributed to help combat climate change, according to an international pressure group.
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17 Jan 22
Global investments by sovereign funds meeting environmental, social and governance standards more then trebled last year, as Covid-19 accelerated the move away from fossil fuels, according to experts...
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19 Nov 21
The Chinese government is set to allocate up to $31.3bn to support the clean use of coal, the nation’s largest energy source.
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18 Nov 21
The credit outlook of local and regional governments outside the US still carry a negative outlook, despite many economies emerging from Covid-19, according to ratings agency S&P.