Climate disinformation: Commitment to promote information integrity and counter false narratives. The final decision emphasises solidarity and investment, setting ambitious financial targets while leaving energy transition for later discussion. The burning of fossil fuels emits greenhouse gases that are by far the largest contributors to global warming, making this omission...
At every negotiation table and in every diplomatic statement lies a stark truth shared by nations on the front lines of the climate crisis: without funding, there is no path to safety, justice, or survival. Many urgent actions are required to secure a livable planet and protect millions of lives....
After decades of pledges and annual summits from Kyoto to Sharm el-Sheikh, the planet keeps getting hotter and pressure on governments and big business to act – not just talk – has never been greater. Holding COP30 in Belém, at the edge of the world’s largest tropical rainforest, underscores the stakes:...
The head of the UNFCCC on Tuesday called for finance to “flow right now”, as delegates prepare to head for the Brazilian city of Belém next month for what is being seen as a crunch summit for turning promises into action. Whether or not countries need to be prepared to...
António Guterres issued his clarion call noting that sustainable development powered by international cooperation, is now facing “massive headwinds.” Addressing the opening session of the 4th Financing for Development Conference (FFD4) in baking hot Sevilla, Spain – basking in record high June temperatures – the Secretary-General noted multilateralism itself is...
From rising debt and shrinking investment, to the aid funding crisis and struggles to meet ambitious development goals, the global financial system is failing the people it’s supposed to serve: fixing that is the challenge facing world leaders gathered in Spain’s sweltering southern jewel of Sevilla this week, as the...
The Southeast Asian country has already raised close to $12 billion in thematic bonds, including blue bonds and Islamic investment instruments over the last seven years. These efforts have been supported by development partners, including the United Nations. Putut Hari Satyaka, is the Deputy Minister for Development Financing and Investment at Indonesia’s...
The new draft outcome text, which will surely push this round of talks into the weekend, called for the overall climate financing goal to reach “at least $1.3 trillion by 2035”, but left out specifics – grants, loans, or from the private sector – on how these funds will be...
Having just returned from the G20 Summit in Rio, Mr. Guterres shared the resounding message he delivered there: an ambitious climate finance goal is not only essential, but urgent. “Failure is not an option,” he emphasized, warning that the result of inaction could be catastrophic. Just 24 hours before COP29...
The source of the hundreds of billions, if not trillions, of funds that developing nations say will be needed to adapt to a fast-changing climate – governments, multilateral banks, or the private sector – has become a major subject of contention during the last eight days. The good, the bad...
While the statement from the world’s leading economies – and biggest emitters – stopped short of explicit reference of ‘transitioning away from fossil fuels’, to which all nations agreed last year at COP28 in Dubai, the G20 leaders did ‘welcome the balanced, ambitious outcome’ of those talks. The G20 communique...
“Let’s dispense with any idea that climate finance is charity;” runaway climate change is impacting “every single individual in the world one way or another,” Mr. Stiell said on Monday. His strong call to action kicked off the latest round of UN climate talks, which will run in the Azerbaijan...
