The UN didn’t get all the money it wanted for its climate programmes, leaving it reliant on the whims of wealthy donor nations

Joe Lo writes on the Climate Home News website about the budget concerns for funding the UNFCCC. UN’s climate work at risk, after EU limits budget increase The European Union has ignored the warnings of the UN’s climate change body (UNFCCC) and stopped governments from giving it as much money as it says it … Continue reading The UN didn’t get all the money it wanted for its climate programmes, leaving it reliant on the whims of wealthy donor nations →

The challenges of financing the climate crisis that the upcoming Paris summit is trying to address

Foreign debt cripples countries vulnerable to extreme weather events, hindering climate change resilience. Reforming financial systems could help them combat climate change. Tim Schauenberg, in an article on the Deutsche Welle website, looks into many of the issues that need to be addressed at the upcoming Paris summit. Climate crisis and debt trap: Paris … Continue reading The challenges of financing the climate crisis that the upcoming Paris summit is trying to address →

Fears that key upcoming climate and finance summit in Paris is not being taken seriously

Just two weeks ahead of a key climate and finance summit, only two developed country leaders have promised to turn up. Joe Lo discusses latest developments in an article on the Climate Home News website. Rich world’s leaders fail to commit to Paris global financing summit Two weeks ahead of a highly-anticipated climate finance … Continue reading Fears that key upcoming climate and finance summit in Paris is not being taken seriously →

Silencing climate voices in the insurance industry, but not actions

There have been recent attacks by Republican-led states in the US against investors and insurers who integrate the risks of climate change into their business models. Rachel Kyte, Dean of the Fletcher School at Tufts University writes on The Conversation website that, while voices may have changed, for the most part actions have not. Fewer … Continue reading Silencing climate voices in the insurance industry, but not actions →

Investment funds branded as green or socially responsible are being used to invest in fossil fuel companies

BlackRock and L&G among asset managers using funds with ESG label to invest in coal, oil and gas. Phillip Inman discusses latest developments in an article on The Guardian website. Should we be surprised? Green investment funds pushing money into fossil fuel firms, research finds Investment funds branded as green or socially responsible are … Continue reading Investment funds branded as green or socially responsible are being used to invest in fossil fuel companies →

Dutch government announces major funding for climate measures

A news item on the Dutch News website details the latest funding for climate measures in The Netherlands. The approach is to ensure climate policy ‘works for everyone, no matter where they live, their age or their income.’ Is it enough? Cabinet allocates €28bn to slashing CO2 emissions The cabinet is to spend €28 … Continue reading Dutch government announces major funding for climate measures →

Hopes that green capital markets could quickly close Europe’s green investment gap are overblown

The Jacques Delors Centre recently published a policy brief by Sebastian Mack. He argues that with key reforms of the Capital Markets Union stalled, the European Green Deal will rely mainly on bank lending. EU policymakers should acknowledge this and shift the focus to greening banks. The Jacques Delors Centre, founded by Jacques Delors in … Continue reading Hopes that green capital markets could quickly close Europe’s green investment gap are overblown →

Rich countries have agreed in principle to make their export credit agencies lend money on better terms for a series of “climate-friendly and green” projects

OECD countries agree to extend support for ‘climate-friendly’ projects. But vague definitions and inclusion of contested activities worry campaigners. Matteo Civillini discusses the developments in an article on the Climate Change News website. OECD reforms set to give “green” projects better export finance Rich countries have agreed in principle to make their export credit … Continue reading Rich countries have agreed in principle to make their export credit agencies lend money on better terms for a series of “climate-friendly and green” projects →

What the new head of the World Bank needs to cope with

Rachel Kyte, Dean of the Fletcher School, Tufts University, writes on The Conversation website about what the next head of the World Bank needs to do to address our climate and debit crises. It should be noted that Ajay Banga is the only candidate for World Bank president. Can this former CEO fix the … Continue reading What the new head of the World Bank needs to cope with →

The EU Net Zero Industry Act must not be protectionist

How the EU might respond to clean teach subsidies, in the form of a leaked draft law entitled the Net Zero Industry Act (NZIA), is deeply worrisome. Niclas Poitiers, André Sapir, Simone Tagliapietra, Reinhilde Veugelers and Jeromin Zettelmeyer explain their views in an article on the Breugel website. Bruegel is the European think tank that … Continue reading The EU Net Zero Industry Act must not be protectionist →