About: climate finance
Wealthy countries still failing on $100 billion climate finance pledge
In 2017, the most industrialised countries contributed a little above $70 billion to nations vulnerable to the effects of climate change. This number is far below the annual $100 billion pledged in 2009 for the following decade. EURACTIV's partner le Journal de l'environnement reports.
UN Climate Fund to make funding green projects easier
The board of the UN Green Climate Fund is meeting from 6 to 8 July in Songdo, South Korea. The board is set on heralding a "paradigm shift" in climate financing and intends to accelerate the decision-making process to boost the fund's replenishment. EURACTIV Germany reports.
Europe wants to replenish UN Green Climate Fund
European member states want to commit to increasing international climate financing to a new level. They want to replenish the UN's Green Climate Fund, according to a draft of a European Council statement, which is to be adopted at the EU summit next week. EURACTIV Germany was able to see the declaration in advance.
Nations agree on Paris Agreement rulebook, fail on climate ambition
Three years and three days after the Paris Agreement was adopted, the 197 signatory countries gathered in Katowice, Poland, agreed Saturday (15 December) on a rulebook for its implementation but failed to raise their ambition to keep global warming "well below 2°C".
COP24 dairy – day #9
Over this special series on COP24, EURACTIV gives you a glimpse into the goings on of the UN climate conference in Katowice and what is driving the conversation there. In this edition: An update on the negotiations, postponing climate ambition, 415 institutional investors, a climate damages tax, and more.
COP24 diary – day #3
Over this special series on COP24, EURACTIV gives you a glimpse in the goings on of the UN climate conference in Katowice and what drives conversation there. In this edition: An update on the negotiations, green finance, just transition, climate risk index, and more.
Universal electricity access goal set to be missed, new report reveals
The international community is falling well short of providing the cash needed to ensure universal access to electricity by 2030, according to a report released Monday (12 November).
Climate change will affect EU monetary policy ‘one way or the other’, ECB says
Whether humankind fails or succeeds in keeping the rise in global temperatures within manageable levels, central banks will sooner or later be called upon to act, said Benoît Cœuré, a member of the European Central Bank's (ECB) Executive Board.
CDP boss: ‘Companies or sectors may face liability risks on climate change’
Private investors need to come clean and commit to science-based targets on climate change, says Paul Simpson. Unfortunately, “there is still money out there for the dirty investments in the short term,” he laments, calling on regulators to take action against opaque finance.
Bonn negotiations stall on climate finance
The Bonn Climate Conference (30 April-10 May) has made little progress on negotiations, particularly on the subject of financing. As a result, a supplementary preparatory meeting for the COP24 will be held in Bangkok in September. EURACTIV.fr reports.
Europe will hike climate finance spending, insists Cañete
The EU’s climate chief Miguel Arias Cañete has vowed to increase the bloc’s funding for climate change adaption, pledging that 20% of the EU’s foreign spending would be allocated to climate-related projects.
EU announces €9bn in funding for climate action
The European commission has announced funding of €9bn (£8bn) for action on climate change, one of a flurry of measures from governments, businesses and investors aimed at achieving the goals of the 2015 Paris agreement.
To fill the climate finance deficit, French summit looks at its governance
Adapting rules instead of pledging millions: two years after the Paris Agreement, the fight against climate change has changed strategy. EURACTV France reports.
Climate finance, the sticking point in COP23
Rich countries had pledged to raise $100 billion each year in climate finance for developing countries by 2020. As of September 2017, they had pledged just $10.3 billion. And the question of who should pay remains unanswered. EURACTIV reports from the COP23 in Bonn.
COP23 in search of a leader
Between coal-addicted Germany, and France that brings ideas but no new commitments, and the EU entangled in its contradictions, the political weight of this COP turned out lighter than expected. EURACTIV France reports.
COP23 ups pressure on climate finance
A week after the start of COP23, which is taking place until November 17 in Bonn, the thorniest issue has come to the fore during the day dedicated to climate finance. EURACTIV France reports.
A climate summit in Paris to compensate for the lack of European ambition
The French summit aimed at regrouping and bolstering climate ambition, two years to the day after the finale of the COP21, is gradually taking shape. EURACTIV France reports.
Development banks join forces to tackle climate change
Director general of French development agency (AFD) was appointed to lead the International Development Finance Club (IDFC), uniting credit institutions worth $3,000 billion. Their objective: to throw their weight behind sustainable development. EURACTIV France reports.
Green finance group calls on EU to stop funding fossil fuels
A group of financial experts has set out their vision for hardwiring sustainability goals into the European Union’s financial system, calling on 28-country bloc to stop pouring public money into polluting fossil fuels and focus spending on clean energies instead.
Reshaping the financial system as a tool for good
The European Commission's High Level Expert Group on Sustainable Finance delivered its interim report today (13 July). Ingrid Holmes, one of the members of the group, explains how the financial system can help address long-term challenges such as climate change.
Why investors want greater ambition for the Clean Energy Package
The goals of EU energy policy going forward must be ambitious if European countries want investors to provide the capital required to realise a smooth transition to a low-carbon economy and the growth this could generate, writes Stephanie Pfeifer.
Vulnerable countries sound alarm on climate finance
The countries most exposed to the effects of climate change are still waiting for the finances they were promised in Paris in 2015. EURACTIV France reports.
Brundtland: Climate change fight must continue, despite ‘US going in another direction’
Former Norwegian Prime Minister Gro Harlem Brundtland told EURACTIV’s partner El País – Planeta Futuro that public awareness and civil society action is equally important as political commitment in achieving the goals of the Paris Agreement and Agenda 2030.