The UN Climate Summit prompted some developed countries to contribute to the Green Climate Fund, whose coffers had remained empty since its launch. But the amount of money pledged is still a long way off from what is required. EurActiv France reports .
The Green Climate Fund will be launched later this year, but India, China and, perhaps more surprisingly, the European Commission, will not contribute to its capitalisation. France promised to contribute, and called on its partners to do the same. EurActiv France reports .
The world invested almost a billion dollars a day in limiting global warming last year, but the total figure - $359 billion - was slightly down on last year, and barely half the $700 billion per year that the World Economic Forum has said is needed to tackle climate change.
Voices from across the developing world are warning EU leaders that a failure to cut CO 2 emissions and respect funding commitments for projects to mitigate and adapt to global warming will lead to more climate refugees, and more tragedies like the one in Lampedusa.
SPECIAL REPORT / EU officials have admitted for the first time that member state donations to the developing world can simultaneously count towards meeting climate change obligations and development commitments, such as providing 0.7% of gross income for overseas aid.
The EU will not commit to renew climate funding which runs out at the year's end ahead of talks at the Doha climate summit, which opens today (26 November). But new climate aid may be announced in the conference’s second week.
EXCLUSIVE: Europe’s finance ministers will not promise any specific new monies for fast-dwindling climate aid to the developing world when they meet in Brussels today (13 November), according to draft conclusions seen by EurActiv.
As negotiators haggle over a climate deal in Durban, the European Commission has adopted proposals to ring-fence one-fifth of its €70 billion external finance budget for climate finance in the 2014-2020 period.
Yvo de Boer, the former UN climate chief, has called for the private sector to participate in international negotiations about the financing of the yearly $100 billion Green Climate Fund. He spoke to EurActiv in an exclusive interview.
Yvo de Boer, the former UN climate chief, has called for the private sector to be enabled to participate in international negotiations and contribute around $100 billion per year to a Green Climate Fund, through a new consultative mechanism.
EU member states must look to microfinance institutions (MFIs) as successful channels for reaching the most vulnerable or they risk marginalising those most in need, writes Christoph Pausch, executive secretary of the European Microfinance Platform, in an exclusive commentary for EurActiv.
The Kyoto Protocol's Adaptation Fund could take on a wider role to manage money destined to help poor countries deal with the consequences of climate change. Farrukh Iqbal Khan, chair of the Adaptation Fund Board, spoke to EurActiv in an interview.
The Kyoto Protocol's Adaptation Fund could take on a wider role to manage money destined to help poor countries deal with the consequences of climate change, Farrukh Iqbal Khan, chair of the Adaptation Fund Board, told EurActiv in an interview.
The EU has this year delivered €2.2 billion in climate finance to developing countries under obligations agreed last year at the Copenhagen climate conference, according to an EU report to be adopted by finance ministers today (17 November).
Fighting world poverty cannot be separated from managing climate change, write Trevor Manuel, South Africa's minister for planning and Nicholas Stern, a member of the UK House of Lords and author of the Stern Report on the economic impact of climate change.
Almost 50 nations made progress on Friday (3 September) towards a 'Green Fund' to help poor countries fight global warming but hosts Mexico and Switzerland said a full UN climate treaty was out of reach for 2010.
The European Commission and the European Investment Bank (EIB) yesterday (14 June) agreed to explore a joint climate finance initiative to provide funding for developing countries. They also made public a political agreement on mobilising billions for clean energy projects from the EU's Emissions Trading Scheme reserves.
As the latest round of talks draw to a close, outgoing UN climate chief Yvo de Boer warned of slow progress in the negotiations, leaving his successor with the daunting task of concluding a new global climate treaty in 2011. EurActiv reports from Bonn.