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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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14 Dec 23
Historic deal beats expectations on emissions.
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28 Nov 23
Business as usual not an option, says World Bank.
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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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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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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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4 May 23
Former Mastercard chief executive Ajay Banga has been named as the next president of the World Bank, becoming the first Indian-American to lead the institution.
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24 Apr 23
The United Nations has set out a roadmap for ensuring developing countries have access to the finance they need to deal with the impacts of climate change and make progress on their development.
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21 Apr 23
US president Joe Biden has allocated $1.5bn to help speed up access to climate finance and prevent deforestation, and has urged international partners to step up their ambitions to meet climate goals...
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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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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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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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8 Nov 22
Developing countries will need $340bn a year by 2030 in order to prepare for the damaging effects of climate change, according to the United Nations, but they currently receive a tiny fraction of...
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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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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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26 Aug 22
The Nigerian government aims to raise an initial $10bn of finance to help implement its planned energy decarbonisation, ahead of an international climate change conference.
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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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17 May 22
A deal between South Africa and some of the world’s richest countries, hailed as a potential blueprint for future climate finance, is still under negotiation more than seven months after being...
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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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15 Nov 21
Developed nations and finance organisations need to commit more funding to poorer countries after last weekend’s climate change agreement failed to set overarching targets, according to experts.
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11 Nov 21
Pacific countries struggling against the effects of climate change need financial solutions that do not increase their debt, the prime minister of the Cook Islands has said.
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3 Nov 21
The Asian Development Bank has launched two multi-billion-dollar pilots aimed at the early retirement or repurposing of coal power plants, to help meet long-term climate goals.