About: climate finance
Developing nations welcome US climate finance pledge but warn more is needed
Developing countries and campaigners welcomed the offer of increased climate finance from the US president, Joe Biden, at the UN on Tuesday (21 September), but warned that rich countries needed to do more to ensure the poorest received the assistance they need. EURACTIV's media partner, The Guardian, reports.
Rich states fall short of $100 billion climate finance goal
Wealthy countries fell short of the promised $100 billion of climate finance provided to developing countries in 2019 and are expected to miss the target again for 2020, according to the head of the Organisation for Economic Co-operation and Development (OECD).
US needs to step up on climate finance ahead of COP26, says EU chief
The United States and other rich nations need to close the climate financing gap in order to increase the chances of success at the COP26 UN climate summit in November, the President of the European Commission has said.
Climate finance remains a stumbling block on way to COP26
As world leaders prepare for the COP26 climate summit hosted by the UK in November, international finance to help poorer countries tackle climate change remains a key barrier – and the recent summit between the world's seven richest nations did not bring a solution.
The Green Brief: International summit blues
After a flurry of summits, little has actually been achieved in increasing climate ambition. But the conversations behind closed doors will be the clincher as the world looks ahead to COP 26 and beyond.
G7 ponders increasing climate finance in build-up to COP26
UK Chancellor Rishi Sunak met with G7 finance ministers and central bank governors to discuss the role of finance in supporting the net-zero transition and implored developed nations to raise efforts to generate $100bn in annual revenue to support developing nations combat the climate crisis. EURACTIV's media partner, Edie.net reports.
Climate transition depends on shifting finance
The criteria for the EU sustainable finance taxonomy can show investors and businesses the way to climate neutrality globally and getting the taxonomy right would make the EU a global trailblazer, argue Krista Mikkonen and Bas Eickhout.
EU should set a joint and ambitious standard for climate finance
As COP 26 approaches, the EU needs to adopt a joint and ambitious approach to climate finance to ensure that EU countries stand by their financial commitments under the Paris Agreement, writes Mattias Söderberg and Conor O'Neill.
European Investment Bank: the unseen rise of a cohesion giant
Having undergone a significant transformation that raised its public profile, the European Investment Bank (EIB) is set to occupy an increasing role in bridging development gaps between the EU’s regions while raising funds for greening, but public finance watchers warn ...
It’s time for recovery finance to step up
Development banks and finance institutions must step up if we are to make the sustainable recovery needed after the COVID-19 pandemic, write Rachel Kyte and Laurence Tubiana.
COP25 news and views: What’s happening in Madrid (part 2)
As UN climate negotiations enter their second and decisive week, EURACTIV gives you a glimpse into the goings on of the 25th climate conference in Madrid (COP25) and what is driving the conversation there. In this edition: ambition, carbon pricing, dunce cap, and getting mad for climate.
COP25: Connecting the dots on climate finance
As negotiators in Madrid are trying to break the impasse on global climate finance governance, tectonic shifts in the real economy are signaling changing tides for the oil & gas industry. Far from being separate adjustments, these changes are part of a one, large movement where Europe is at the fore-front. MEP Bas Eickhout explained to EURACTIV why.
COP25 news and views: What’s happening in Madrid
As UN climate negotiations enter their second and decisive week, EURACTIV gives you a glimpse into the goings on of the 25th climate conference in Madrid (COP25) and what is driving the conversation there. In this edition: train ride, ray of the day, reality check-point, and climate finance big time.
French banks still fund coal despite finance minister’s plea
A year ago, French Finance Minister Bruno Le Maire urged French banks, insurers and asset managers to stop funding any mines or coal plants. Two weeks before the Climate Finance Day (28 November, Paris), a group of NGOs published a report urging them to take a step further. EURACTIV's partner La Tribune reports.
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.