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This article is published in association with United Nations. As intense round-the-clock COP29 climate talks enter their final stretch in Baku, delegates on Wednesday are eagerly awaiting updates on the progress of negotiations regarding a new climate finance target. Meanwhile, high-level discussions also continued, with a focus on key issues such as urbanization, transport, and tourism. […]
This article is brought to you in association with EBRD. MDBs offered record US$ 125 billion last year for climate action worldwide Mobilised global private finance nearly doubled to US$ 101 billion compared to 2022 Sum for low- and middle-income economies was US$ 74.7 billion, including US$ 24.7 billion for climate change adaptation Multilateral development banks […]
This article is published in association with European Investment Bank. Multilateral development banks (MDBs) announced today that their global climate finance reached a record high of $125 billion in 2023. The combined total last year from institutions, including the European Investment Bank, is more than double the amount provided in 2019, when MDBs announced their ambition […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Carter Roberts, President and CEO, World Wildlife Fund in the US, Rosa Lemos de Sá, CEO, Brazilian Biodiversity Fund (FUNBIO) Climate finance needs to be doubled in order to protect nature.The Project Finance for Permanence (PFP) model offers […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Adrianna Hardaway, Senior Policy Advisor for Climate, Mercy Corps Where the climate crisis endangers lives and livelihoods – often of those who have contributed the least to global carbon emissions – resources are urgently needed to adapt to the […]
This article is brought to you in association with OECD. Climate finance provided and mobilised by developed countries for climate action in developing countries reached USD 71.2 billion in 2017, up from USD 58.6 billion in 2016, according to new estimates from the OECD. While the 2016 and 2017 totals cannot be directly compared with earlier […]
Last Friday, more than 190 countries gathered at the United Nations Climate Change Conference (COP22) and jointly pledged through an Action Proclamation to implement the Paris Agreement showing a sense of global unity on climate change. The Proclamation was a clear call for more political commitment in order to fight climate change and prevent its […]
The European Commission convened last Friday to discuss an assessment report about the implementation process of the COP21 Paris agreement which was adopted last December. Environment ministers teamed up and held a public debate only to conclude to what was already known; that the climate agreement must be followed and signed at the New York UN Headquarters in […]
