Climate funding divisions laid bare as COP29 deadline looms
Baku, Azerbaijan Reuters Division and discontent spilled into the open on Thursday at a UN climate summit in Baku, sparked by a proposal for a new global finance deal which offered two vastly different options and left no one happy as the closing deadline neared. The key goal of COP29 is to agree how much […]
Developing world faces multi-billion climate adaptation cash gap, UN report says
London, UK Reuters The amount of finance provided to developing countries to help them adapt to the impacts of climate change is far short of the $US359 billion a year needed even after the biggest annual increase yet, a UN report on Thursday showed. Funding from the developed world hit $US28 billion in 2022 after […]
US election uncertainty clouds UN climate finance progress
Reuters Countries have a chance to use this week’s UN meetings in New York to resolve big differences over boosting the world’s annual goal for climate finance, but uncertainty over the US election could jeopardise progress ahead of the next UN climate summit in November. Negotiators told Reuters that countries were reluctant to stake out […]
COP29 leaders unveil climate funding and energy storage goals
London, UK Reuters Less than two months ahead of the COP29 United Nations Climate Summit, the Azerbaijani leadership laid out its plans on Tuesday for what it hoped to achieve, as countries continue to wrestle with how to raise ambitions for a new financing target. The main task for the November summit is for countries […]
Countries still far apart on COP29 finance goal
Brussels, Belgium Reuters With less than three months until this year’s COP29 UN climate negotiations, countries remain far from agreement on the summit’s biggest task: to agree a new funding target to help developing countries cope with climate change. A negotiations document published by the UN climate body on Thursday set out the splits between […]
Essay: Why Americans of faith need to care about reducing harm to the environment abroad
In an article first published on Religion News Service, BRIDGET MOIX, general secretary of the Friends Committee on National Legislation, says investing in international climate assistance is fundamentally about justice…
Rich countries may have met $US100 billion climate goal last year – OECD
Brussels, Belgium Reuters Developed nations may have achieved their overdue promise of $US100 billion to help poorer countries cope with climate change in 2022, the OECD said on Thursday, an estimate that may muster some political goodwill on the eve of the COP28 climate summit. In 2009, developed countries promised that from 2020 they would […]
Focus turns to climate finance after flurry of COP26 pledges
Glasgow, UK Reuters Governments will push for agreement on Monday on how to help vulnerable countries deal with global warming and compensate them for damage already done, a test of whether developing and rich nations can end a standoff over cash for climate change. At the start of a crunch week for the UN climate […]