climate finance

a proposal to add a green subsidiary to the european investment bank

Macron puts European climate bank on EU election agenda

Macron wrote in an op-ed on the renewal of Europe published on Tuesday in outlets across 28 EU states, “The European Union must set its ambition and adapt its policies accordingly with such measures as a European Climate Bank to finance the ecological transition”

straubenhardt windfarm

Carbon clubs turn national self-interest into climate action

How did Poland, one of Europe’s strongest advocates for coal power, end up with one of the world’s strongest carbon prices? — Strange as it may sound, the coal-promoting host of this year’s climate negotiations, Poland, has one of the strongest carbon prices in the world. The reason is largely one of economic self-interest. Understanding it can …

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delegates at the cop24 in katowice, poland

UN climate finance rules ‘dragging’ amid fight over who reports what

Developing countries want to know how much aid is coming; rich countries worry about ‘constitutional constraints’, at Cop24 climate talks in Katowice — Financial aid for poor countries – and how it is counted, publicly reported and locked in for the future – is one of the biggest sticking points in global climate change negotiations. …

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kenuchi suganuma

Japan bids for top climate finance job, citing $1.5bn contribution

As the biggest donor to the Green Climate Fund, Japan said it had a ‘responsibility’ to ensure it is run well — Japan is making a play for one of the most politically critical jobs in international climate finance. The executive director vacancy at the Green Climate Fund has been openly advertised, with a 12 …

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bahrain to clean up its own polluted water

Bahrain applies to Green Climate Fund to help clean up waste from fossil fuels

Oil-rich kingdom says money is needed to protect against water scarcity but request sparks strong criticism and fears over the fitness of the public fund — Bahrain – one of the world’s most oil-rich nations – has applied to the international Green Climate Fund for $9.8m for its National Oil and Gas Authority, raising questions …

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delegates exchange views

Rich-poor cooperation crucial for Green Climate Fund, say chairs

The Green Climate Fund (GCF) was created to channel and mobilise climate finance, supporting action in developing countries to help them reach their climate ambitions — Recent years and months have shown that climate change is already having a devastating impact with an increase in droughts, flooding, heatwaves and extreme weather events. Meanwhile, greenhouse gas …

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bangkok climate change conference

Bangkok climate talks: key outcomes on the Paris Agreement ‘rulebook’

Time is running short for countries to decide the practical details of how the Paris Agreement will be brought to life, known as the Paris “rulebook” — Negotiators meeting in Bangkok have just concluded another round of climate talks. The key aim was to whittle down a series of lengthy documents into a set of …

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total and just transition to community-led renewable energy

Rich countries cannot be allowed to buy their way out of climate change

This week’s UN climate negotiations in Bangkok begin four months of climate summits that could make 2018 the year that world governments chart a path toward tackling climate change — But if polluting countries and corporations are successful, ineffectual interventions – like carbon markets and geo-engineering – will become central to the global response to …

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