At a time when a series of international meetings on the climate is beginning, the funding tool for climate projects between the North and the South is facing governance problems. EURACTIV France reports.
Barack Obama has heeded calls to help secure the future of the historic Paris Agreement by transferring a second $500 million instalment to the Green Climate Fund, just three days before he leaves office. That leaves $2 billion unpaid as Donald Trump takes office.
More than 100 climate and development organisations, along with 70,000 people, have called on Barack Obama to help secure the future of the Paris Agreement by transferring the remaining $2.5bn committed by the US.
France's Solidarity Tax on air travel is a major source of funding for health programmes in the world's poorest countries. But Paris auditors have said it unfairly penalises Air France. EURACTIV France reports.
The first projects of the Green Climate Fund have been approved. But the Fund's credibility has been tarnished by agreements with commercial banks involved in coal projects, like Deutsche Bank. EURACTIV France reports.
SPECIAL REPORT / "The waves will not wait for the funding to be allocated before flooding our islands," the small islands of the Pacific have warned. But climate finance is often beyond their reach. EURACTIV France reports.
With 8,000 projects in developing countries, the Kyoto Protocol's Clean Development Mechanism (CDM) is still clinging to life. But the Paris agreement might spell the end for the ineffective system. EURACTIV France reports.
Developed countries have pledged $100 billion per year to help fight climate change in the global South. But as the Paris UN climate summit approaches, it is unclear where this money will come from. EURACTIV France reports.
The successful conclusion of a global agreement at the Paris Climate Conference depends heavily on the mobilisation of finance for the fight against climate change. So far, international fundraising efforts have lacked intensity. EURACTIV France reports.
Europe is launching a major diplomatic push for an ambitious deal on global warming, mobilising A-list celebrities and tens of thousands of diplomats to exert “maximum pressure” on key countries in international climate negotiations.
Leaders from the G20 group of nations agreed Sunday (16 November) to boost flagging global growth, tackle climate change and crack down on tax avoidance. But ties between the West and Russia plummeted to a new low over the crisis in Ukraine.