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Tensions rise over who will contribute to new climate finance goal - Climate Change News - Politics (Apr 25) |
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Apr 25 · Germany wants all high-emitters, especially among G20 countries, to pitch in. But China and Saudi Arabia say the responsibility lies with developed nations
COP29 incoming president Mukhtar Babayev and German Foreign Minister Annalena Baerbock attend the Petersberg Climate Dialogue in Berlin, Germany. REUTERS/Liesa Johannssen
As negotiations over a new global climate finance goal move into a higher gear, divisions are sharpening over who should be required to cough up the money needed to help vulnerable countries shift to clean energy and build resilience to climate change.
For German Foreign Minister Annalena Baerbock, all “those who can” – and “in particular ... | By Matteo Civillini Read more ...
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Will blossom of reform bear fruit? Spring Meetings leave too much to do - Climate Change News - Finance (Apr 25) |
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Apr 25 · Comment: Changes are afoot at the IMF and World Bank – but debt-squeezed developing nations need far faster access to more finance for climate action
International Monetary Fund Managing Director Kristalina Georgieva holds a press briefing on the Global Policy Agenda to open the IMF and World Bank's 2024 annual Spring Meetings in Washington, U.S., April 18, 2024. (Photo: REUTERS/Kevin Lamarque)
Rachel Kyte is professor of practice in climate policy at the Blavatnik School of Government, University of Oxford.
With spring in full bloom, the world’s finance ministers, development and financial leaders, and philanthropists met for the World Bank and ... | By Rachel Kyte Read more ...
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Peak COP? UN looks to shrink Baku and Belém climate summits - Climate Change News - Politics (Apr 24) |
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Apr 24 · While 84,000 delegates attended COP28 in Dubai, just 40,000-50,000 are expected at COP29 in Baku and COP30 in Belém
Some of Indonesia's delegation arrive at Cop28 in Dubai (Photos: Kiara Worth)
UN climate chief Simon Stiell has said he hopes to see fewer people attend the annual COP climate negotiations after participants at COP28 in Dubai last December hit a record high of nearly 84,000.
Stiell said this month that he personally “would certainly like to see future COPs reduce in size”, telling an audience at London’s Chatham House think-tank that “bigger doesn’t necessarily mean better”.
In Dubai, where the 2023 summit was held from November 30 to ... | By Alice Martins Morais, Matteo Civillini and Joe Lo Read more ...
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Argentinian scientists condemn budget cuts ahead of university protest - Climate Change News - Science (Apr 22) |
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Apr 22 · Right-wing President Javier Milei has taken an axe to funding for education and scientific bodies, sparking fears for climate research
A medical student walks past a placard announcing the time left before the budget for the university runs out, at the entrance of the University of Buenos Aires Medical School, in the run-up to a national strike on April 23 against Argentina's President Javier Milei's policy of cuts in public education, in Buenos Aires, Argentina April 17, 2024 (Photo: REUTERS/Agustin Marcarian)
As a budget freeze for Argentina’s public universities amid soaring inflation leaves campuses unable to pay their electricity bills and climate science ... | By Julian Reingold Read more ...
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Global billionaires tax to fight climate change, hunger rises up political agenda - Climate Change News - Finance (Apr 19) |
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Apr 19 · Brazil and France want the G20 to get behind a global minimum tax on billionaires’ wealth, also backed by IMF chief, but Germany rejects the idea
French Minister for Economy, Finance, Industry and Digital Security Bruno Le Maire (L) and Brazilian Finance Minister Fernando Haddad arrive at a joint press briefing on taxation during IMF/World Bank Sprint meeting in Washington on April 17, 2024. Photo by Yuri Gripas/ABACAPRESS.COMNo
The finance ministers of Brazil and France pushed this week for a tax on US-dollar billionaires of at least 2% of their wealth each year, with the $250 billion it could raise going to tackle poverty, hunger and climate ... | By Joe Lo Read more ...
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Fossil fuel debts are illegitimate and must be cancelled - Climate Change News - Finance (Apr 16) |
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Apr 16 · Comment: The Spring Meetings of the World Bank and IMF are a chance to transform outstanding debts for fossil fuel projects into grants for renewable energy systems
Climate activists protest demanding that the World Bank stop fossil fuel financing, on the fifth day of the annual meeting of the International Monetary Fund and the World Bank, in Marrakech, Morocco October 13, 2023. (Photo/REUTERS/Susana Vera)
Lidy Nacpil is coordinator of the Asian Peoples’ Movement on Debt and Development (APMDD).
Many countries in the Global South are burdened with huge public debts. These rising debts are a drain on public resources that are urgently needed for sustainable ... | By Lidy Nacpil Read more ...
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World Bank climate funding greens African hotels while fishermen sink - Climate Change News - Finance (Apr 16) |
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Apr 16 · Climate Home reveals that the World Bank Group has counted support for luxury hotels as climate finance, which experts say fails the most vulnerable
Fishers in Mbour, Senegal, just miles from the hotel resort of Saly, unload the day's catch. (Photo: Jack Thompson)
The spotless white-sand beach of Le Lamantin luxury resort in Saly, about 90 kilometres south of Senegal’s capital Dakar, is lined with neat rows of sun loungers and parasols. Here, holidaymakers enjoy jet-skiing, catamaran-sailing and spa therapy, unaware that their hotel is benefiting from international climate finance channelled through the World Bank Group.
Just a few kilometres further south, ... | By Matteo Civillini and Jack Thompson Read more ...
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SBTi’s rigid emissions rules don’t reflect business reality - Climate Change News - Politics (Apr 12) |
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Apr 12 · The Science Based Targets initiative ignores the good a company’s products do in avoiding planet-heating emissions – only counting those from its operations
A close-up of a Tesla car's logo (Photos: Ivan Radic)
Chris Hocknell is the director of London-based sustainability consultancy Eight Versa.
Tech giant Intel said in its 2023 Climate Transition Action Plan that it faces challenges in setting targets for cutting its greenhouse gas emissions in line with the Science Based Targets Initiative (SBTi). The chip-maker is likely to be the first in a long list of companies to slowly break cover and admit that the SBTi is unfit for purpose.
As a ... | By Chris Hocknell Read more ...
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SBTi needs tighter rules on companies’ indirect emissions - Climate Change News - Finance (Apr 11) |
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Apr 11 · Comment: Businesses are not required to cut all their value chain emissions in line with a 1.5C warming limit – and allowing offsetting could weaken efforts further
Greenpeace activist protest at a pension fund in Luxembourg (Photo: Sara Poza Alvarez/Flickr)
Silke Mooldijk works at the NewClimate Institute and is part of the core team behind the Corporate Climate Responsibility Monitor.
A decade ago, the Science Based Targets initiative (SBTi) was launched with the goal of mobilising the private sector for climate action.
Today, it stands as the largest and most influential validator of corporate climate targets, having confirmed the 2030 goals of ... | By Silke Mooldijk Read more ...
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Spring Meetings can jump-start financial reform for food and climate - Climate Change News - Politics (Apr 10) |
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Apr 10 · Comment: The World Bank and IMF have a big part to play in raising the $3 trillion needed to help countries meet global development goals and the Paris accord
Assoumpata Uwamariya samples raw beetroot bulbs harvested from a farm in Rubavu district, Western province, Rwanda October 3, 2018. (Photo: Reuters/Jean Bizimana)
Wanjira Mathai is managing director for Africa and global partnerships at the World Resources Institute and ambassador for the Food and Land Use Coalition. Jamie Drummond leads Sharing Strategies and is co-founder of the ONE Campaign.
Set against the global backdrop of poverty, hunger, climate change, debt and conflict, it can feel hard to be ... | By Wanjira Mathai and Jamie Drummond Read more ...
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UN climate chief calls for “quantum leap in climate finance” - Climate Change News - Politics (Apr 10) |
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Apr 10 · Simon Stiell says far more money is required for developing countries to submit bold new climate plans, which would benefit all economies
10-year old Nakeeyat Dramani Sam calls for climate finance in a speech to the Cop27 plenary (Photo credit: Kiara Worth/UNFCCC)
The head of the United Nations climate body, Simon Stiell, said on Wednesday a “quantum leap” in climate finance is needed for many countries to be able to submit strong new climate action plans next year.
“It’s hard for any government to invest in renewables or climate resilience when the treasury coffers are bare, debt servicing costs have overtaken health spending, new borrowing ... | By Joe Lo Read more ...
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Louisiana communities are suffering from Japan-funded LNG exports - Climate Change News - Energy (Apr 9) |
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Apr 9 · Comment: When the Japanese and US leaders meet in Washington, they should back a renewable energy future that will end harm to our health and livelihoods from fossil gas
Travis Dardar delivers a speech outside Chubb’s Houston office for the “Insure Our Future” week of Action. (Photo: Traverse Productions @justtraverse)
Travis Dardar is a Louisiana shrimper and founder of Fishermen Interested in Saving Our Heritage (FISH).
I was six when I started catching shrimp in the waterways of Louisiana. I inherited the livelihood that sustained my father, grandfather, and generations before them. My boat in the Gulf of Mexico is my second home. But I may lose it all – ... | By Travis Dardar Read more ...
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Forest carbon accounting allows Guyana to stay net zero while pumping oil - Climate Change News - Politics (Apr 8) |
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Apr 8 · Experts say UN rules around forests and oil are open to abuse, so that countries like Guyana can claim to be carbon-negative without cutting emissions
Guyana's president Irfaan Ali and Exxon's Guyana country chief Alistair Routledge smile for a picture near an Exxon stand at Guyana's International Energy Conference in Georgetown, Guyana, February 14, 2023. (REUTERS/Sabrina Valle)
The densely forested South American nation of Guyana is fast becoming the world’s newest petro-state, allowing fossil fuel giants like ExxonMobil to hunt for what researchers have referred to as “carbon bombs” on its seabed.
International oil companies, led by US firm ... | By Joe Lo Read more ...
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Nigeria’s path to net zero should be fully lined with trees – and fairness - Climate Change News - Land (Apr 5) |
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Apr 5 · Comment: To meet its pledge of net zero by 2060, Nigeria needs to rein in emissions from deforestation and land use, which equal those from the oil and gas sector
A labourer sits on top of logs on a truck in an unreserved forest in Igbatoro village, southwest Nigeria, August 28, 2014. (Photo: REUTERS/Akintunde Akinleye)
It must be said: it is impossible to imagine Nigeria’s path to decarbonization without imagining it being fully lined with trees. There is a critical need to address deforestation, transform agricultural practices, and harness nature-based solutions like afforestation and reforestation if Nigeria were serious about reaching net zero by 2060 – a ... | By Chukwumerije Okereke Read more ...
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Nigeria's path to net zero should be fully lined with trees – and fairness - Climate Change News (Apr 5) |
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Apr 5 · Comment: To meet its pledge of net zero by 2060, Nigeria needs to rein in emissions from deforestation and land use, which equal those from the oil and gas sector
A labourer sits on top of logs on a truck in an unreserved forest in Igbatoro village, southwest Nigeria, August 28, 2014. (Photo: REUTERS/Akintunde Akinleye)
It must be said: it is impossible to imagine Nigeria’s path to decarbonization without imagining it being fully lined with trees. There is a critical need to address deforestation, transform agricultural practices, and harness nature-based solutions like afforestation and reforestation if Nigeria were serious about reaching net zero by 2060 – a ... | By Chukwumerije Okereke Read more ...
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“Two steps forward, two steps back” – Governments off course for forest protection target - Climate Change News - Land (Apr 4) |
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Apr 4 · While Brazil and Colombia saw forest loss drop, their progress was offset by rises elsewhere
A deforested area In Brazil's Para State seen by a drone during an operation to combat forest clearing. REUTERS/Ueslei Marcelino/File Photo
Tropical forests continued disappearing at a “stubbornly” high rate last year, putting a global goal to end deforestation by 2030 “far off track”, new research shows.
The equivalent of ten football pitches of tropical forests – 3.7 million hectares – were lost every minute in 2023 as the result of human activities and natural disasters, according to analysis carried out by Global Forest Watch.
While forest destruction ... | By Matteo Civillini Read more ...
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Zambia’s fossil-fuel subsidy cuts help climate and kids – but taxi drivers suffer - Climate Change News - Politics (Apr 2) |
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Apr 2 · Under pressure from the IMF, the government has redirected subsidies into education, welfare and debt reduction, leaving fuel-heavy sectors with higher costs
Stephen Musanda in his taxi outside East Park Mall in Lusaka. Zambian taxis drivers are hit by the fossil-fuel subsidy cuts (Photo: Joe Lo 9/3/2024)
The Zambian government’s cuts to fossil fuel subsidies may be helping reduce the use of planet-heating oil – but they are causing hardship among groups that rely disproportionately on fossil fuels to make a living, including taxi drivers.
The green policy aims to boost both climate action and the heavily-indebted Zambian economy, but taxi drivers in Lusaka, ... | By Joe Lo Read more ...
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Cancellation of UN climate weeks removes platform for worst-hit communities - Climate Change News - Science (Mar 28) |
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Mar 28 · Comment: The UNFCCC has said it will not hold regional climate weeks in 2024 due to a funding shortfall – which means less inclusion for developing-country voices
A woman of the Turkana tribe waits with plastic containers to get water from a well, amid the worst drought in East Africa's history, February 17, 2023. (Photo: Simone Boccaccio / SOPA Images/Sipa USA)
If the world’s most vulnerable are not at the table, then UN climate talks are no longer fit for purpose.
This week, the UN climate change body (UNFCCC) confirmed that this year’s Regional Climate Weeks will be cancelled until further notice due to lack of funding.
The update comes shortly after ... | By Dulce Marrumbe Read more ...
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What will it take to protect India’s angry farmers from climate threats? - Climate Change News - Science (Mar 27) |
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Mar 27 · Indebted farmers, facing falling yields and water scarcity, want legally guaranteed price support for more crops – but that may not fix their climate woes
Deedar Singh (middle) sits with colleagues by the side of the road at the Shambhu border, between Punjab and Haryana, protesting the government's inaction in providing legal MSP guarantees on crops, February 27 2024 (Photo: Kanika Gupta)
Indian farmers – struggling with erratic weather, shrinking water supplies and falling incomes – have quit their fields in a major new wave of protest, and plan to keep up the pressure on the government ahead of national elections starting on April ... | By Kanika Gupta Read more ...
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Expectations mount as loss and damage fund staggers to its feet - Climate Change News - Politics (Mar 25) |
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Mar 25 · Demand for finance to pay for the aftermath of climate impacts is rocketing – but progress on getting a new UN loss and damage fund up and running is slow
Villager Mujahid Ali dewaters his fields in the flood-hit village Gozo, Pakistan January 17, 2023. Thomson Reuters Foundation/Waqar Mustafa
The newly appointed board of the climate finance world’s latest entry – the hard-won UN “loss and damage” fund – will likely hold its first meeting in late April after delays in agreeing members. But despite soaring needs for help, the fund itself isn’t expected to hand out any money until 2025 at the earliest, officials say.
The World Bank ... | By Laurie Goering Read more ...
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Climate leaders, oil bosses pitch alternate energy-transition realities - Climate Change News - Politics (Mar 22) |
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Mar 22 · As climate officials prepare the next steps in a globally agreed shift away from fossil fuels, oil and gas executives return fire
Oil extraction at sunset in an oil field in Midland, Texas. REUTERS/Nick Oxford
Helsingør and Houston are separated by just over 8,000 kilometres – but when it came to sending out signals on the energy transition this week, the two cities appeared to exist on entirely different planets.
In the Danish port city, as dozens of ministers fired the starting gun on the annual climate diplomacy race, the focus was on putting December’s landmark Cop28 decision into practice. In Dubai, governments agreed for the first time to start ... | By Matteo Civillini Read more ...
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UN’s climate body faces “severe financial challenges” which put work at risk - Climate Change News - Politics (Mar 21) |
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Mar 21 · UNFCCC chief Simon Stiell has made an urgent plea to plug the body’s funding gap with governments’ donations
The UNFCCC Executive Secretary Simon Stiell speaking at Cop28 in Dubai. Photo: COP28 / Christophe Viseux
The UN’s climate body (UNFCCC) is facing “severe financial challenges” as the ability to fulfill its expanding workload is being put at risk by governments’ failure to provide enough money.
The UNFCCC executive director Simon Stiell made an urgent plea for more funding to over 40 ministers and negotiators gathered on Thursday in Helsingør, Denmark, for the first major climate summit of the year.
“Our organization, the UNFCCC, ... | By Matteo Civillini Read more ...
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Shipping sector pushes to keep emissions-tax cash for itself - Climate Change News (Mar 20) |
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Mar 20 · The industry and governments’ maritime ministries want a proposed levy on emissions spent on cleaning up shipping, not used for wider climate goals like loss and damage
The opening of the International Maritime Organisation's 81st Marine Environment Protection Committee (March 18/ IMO)
Shipping negotiators for governments at UN talks this week want a proposed tax on the sector’s emissions to be spent mostly on cleaning up the industry – which could thwart international plans to use some of the money to address broader damage from climate change.
With rich countries failing to deliver promised amounts of their taxpayers’ money to help ... | By Joe Lo Read more ...
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Shipping sector pushes to keep emissions-tax cash for itself - Climate Change News - Politics (Mar 20) |
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Mar 20 · The industry and governments’ maritime ministries want a proposed levy on emissions spent on cleaning up shipping, not used for wider climate goals like loss and damage
The opening of the International Maritime Organisation's 81st Marine Environment Protection Committee (March 18/ IMO)
Shipping negotiators for governments at UN talks this week want a proposed tax on the sector’s emissions to be spent mostly on cleaning up the industry – which could thwart international plans to use some of the money to address broader damage from climate change.
With rich countries failing to deliver promised amounts of their taxpayers’ money to help ... | By Joe Lo Read more ...
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In Somalia, Green Climate Fund tests new approach for left-out communities - Climate Change News - Finance (Mar 19) |
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Mar 19 · GCF head Mafalda Duarte promises a more proactive plan to bring cash to the most vulnerable countries struggling with climate impacts
Mafalda Duarte was appointed last year as executive director of the UN fund. Photo: Green Climate Fund
One of the world’s most vulnerable countries, Somalia is bearing the brunt of climate extremes.
A two-year drought – its worst in decades – was followed last November by devastating floods. The double crisis is estimated to have killed tens of thousands of people, displaced millions more, destroyed livelihoods, and exacerbated severe hunger and water scarcity.
For the East African nation, this was not just a ... | By Matteo Civillini Read more ...
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Companies still missing in action on methane-cutting goals - Climate Change News - Energy (Mar 18) |
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Mar 18 · Comment: The farming and fossil fuel industries must help governments cut methane emissions 30% this decade by harnessing existing technologies and changing practices
A herd of cows pictured in a farm field in La Ferriere-Aux-Etanges, Orne, France, on June 12, 2023. (Photo: Artur Widak/NurPhoto)
Leslie Cordes is vice president of programs at the sustainability nonprofit Ceres.
As global policymakers, nonprofit advocates and industry leaders meet this week in Geneva to turn lofty promises to slash methane emissions into meaningful action, a crucial stakeholder will largely be missing from the table: the private sector.
The aim of the 2024 Global Methane Forum ... | By Leslie Cordes Read more ...
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Companies still missing in action on methane-cutting goals - Climate Change News (Mar 18) |
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Mar 18 · Comment: The farming and fossil fuel industries must help governments cut methane emissions 30% this decade by harnessing existing technologies and changing practices
A herd of cows pictured in a farm field in La Ferriere-Aux-Etanges, Orne, France, on June 12, 2023. (Photo: Artur Widak/NurPhoto)
Leslie Cordes is vice president of programs at the sustainability nonprofit Ceres.
As global policymakers, nonprofit advocates and industry leaders meet this week in Geneva to turn lofty promises to slash methane emissions into meaningful action, a crucial stakeholder will largely be missing from the table: the private sector.
The aim of the 2024 Global Methane Forum ... | By Leslie Cordes Read more ...
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Paraguay’s carbon deal with Singapore beset by lobbying, lax rules - Climate Change News - Politics (Mar 14) |
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Mar 14 · UN rules governing bilateral carbon offsetting between governments have yet to be agreed but deals are being done, raising concerns about integrity
Santiago Peña, President of Paraguay, and Teo Chee Hean, Senior Minister of Singapore, in Dubai on December 6, 2023. (Photo: Ministry of Foreign Affairs of Paraguay)
At the Cop28 climate summit in December, Santiago Peña, president of the densely forested South American nation of Paraguay, struck a deal with Singapore’s Senior Minister Teo Chee Hean to directly supply the Asian country with carbon offsets to help reduce its emissions.
Both governments announced several carbon offsetting deals at Cop28 in Dubai ... | By Maximiliano Manzoni Read more ...
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Fossil fuel industry under pressure to cut record-high methane emissions - Climate Change News (Mar 13) |
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Mar 13 · New regulations and monitoring advances could turn the tide on methane emissions from oil, gas and coal production this year
Gas flares are seen at the state-owned oil company in Venezuela. REUTERS/Leonardo Fernandez Viloria
Energy analysts have been singing the same tune ad nauseam: cutting climate-harming methane emissions from fossil fuels is one of the simplest and cheapest ways to slow the rate of global warming fast.
But oil, gas and coal producers are still closing their ears. In 2023, they continued spewing near record-high amounts of methane into the atmosphere, according to the latest assessment by the International Energy Agency (IEA) released on ... | By Matteo Civillini Read more ...
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Fossil fuel industry under pressure to cut record-high methane emissions - Climate Change News - Energy (Mar 13) |
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Mar 13 · New regulations and monitoring advances could turn the tide on methane emissions from oil, gas and coal production this year
Gas flares are seen at the state-owned oil company in Venezuela. REUTERS/Leonardo Fernandez Viloria
Energy analysts have been singing the same tune ad nauseam: cutting climate-harming methane emissions from fossil fuels is one of the simplest and cheapest ways to slow the rate of global warming fast.
But oil, gas and coal producers are still closing their ears. In 2023, they continued spewing near record-high amounts of methane into the atmosphere, according to the latest assessment by the International Energy Agency (IEA) released on ... | By Matteo Civillini Read more ...
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Is water provision in drought-hit Zambia climate ‘loss and damage’ or adaptation? - Climate Change News - Politics (Mar 11) |
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Mar 11 · Farmers need crop irrigation to help beat drought – but it’s unclear if that would qualify for new loss and damage funding
Choombe Lyandama, a farmer in Siateka village, Zambia, shows his failed corn crop on March 3, 2024. (Photo: Joe Lo)
At international climate talks, developing countries are trying to draw a clear line between expected new funding to help them deal with the worsening “loss and damage” caused by climate change and existing finance for measures to adapt to more extreme weather and rising seas. But in drought-hit Zambia, that distinction is proving hard to make.
Climate-vulnerable nations want wealthy governments to provide ... | By Joe Lo Read more ...
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Fossil fuel firms seek UN carbon market cash for old gas plants - Climate Change News - Finance (Mar 7) |
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Mar 7 · Fossil fuel companies that built gas power plants more than a decade ago are hoping for rewards from a new carbon credit market
Workers are seen silhouetted near a liquified natural gas (LNG) storage tank at PetroChina's receiving terminal at Rudong port in Nantong, Jiangsu province, China, September 4, 2018. (Reuters/Stringer)
Fossil fuel companies are aiming to profit from a new United Nations’ carbon market by selling carbon credits linked to gas-fired power plants they have already built.
At the Cop28 climate summit last December, governments agreed to set up a new global carbon credit market under Article 6.4 of the Paris Agreement – and a host of ... | By Joe Lo Read more ...
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UN climate fund axes Nicaragua forest project over human rights concerns - Climate Change News - Finance (Mar 7) |
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Mar 7 · In the first such decision since its creation, the Green Climate Fund pulled out of a project in Nicaragua after developers failed to address environmental and social compliance issues
An agriculture worker in Nicaragua, where the GCF pulled out of a project after a human rights complaint. (Photo: Green Climate Fund)
The UN’s flagship climate fund has pulled out of a forest conservation project in Nicaragua after local community groups complained about a lack of protection in the face of escalating human rights violations in the area.
It is the first such decision the Green Climate Fund (GCF) has taken since its creation in 2010.
The GCF said on Thursday it ... | By Matteo Civillini and Sebastian Rodriguez Read more ...
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China steps away from 2025 energy efficiency goal - Climate Change News - Energy (Mar 6) |
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Mar 6 · The government aims to cut the amount of energy needed for its economic growth by 2.5% in 2024, putting it far off track for a key five-year climate target
An aerial view of the machinery at the coal terminal of Huanghua port, in Hebei province (Pic: China Daily via Reuters)
China looks set to miss one of its key 2025 climate goals as the government is targeting only a “modest” cut to the amount of energy needed to power its economic growth this year, analysts said.
Beijing is aiming to reduce its energy intensity – the amount of energy consumed per unit of its gross domestic product – by 2.5% in 2024, according to a government policy work ... | By Matteo Civillini Read more ...
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How to hold shipping financially accountable for its climate impacts - Climate Change News - Finance (Mar 5) |
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Mar 5 · A levy on shipping emissions will be discussed by governments at IMO talks this month, with climate-vulnerable nations seeking funding from the industry
A view of Barbados-flagged bulk carrier "Lycavitos" on the sea off Koh Sichang, Thailand, February 20, 2023. (Reuters/Geir Vinnes/Handout)
Discussions about climate finance are usually framed around national borders: wealthy countries rightfully paying more than less-developed states for their historic responsibility in the climate crisis.
But holding only countries accountable for the damage done to our planet lets other polluters, often much larger than some major economies, off the hook.
We have a unique ... | By Ana Laranjeira Read more ...
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How to hold shipping financially accountable for its climate impacts - Climate Change News (Mar 5) |
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Mar 5 · A levy on shipping emissions will be discussed by governments at IMO talks this month, with climate-vulnerable nations seeking funding from the industry
A view of Barbados-flagged bulk carrier "Lycavitos" on the sea off Koh Sichang, Thailand, February 20, 2023. (Reuters/Geir Vinnes/Handout)
Discussions about climate finance are usually framed around national borders: wealthy countries rightfully paying more than less-developed states for their historic responsibility in the climate crisis.
But holding only countries accountable for the damage done to our planet lets other polluters, often much larger than some major economies, off the hook.
We have a unique ... | By Ana Laranjeira Read more ...
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Global energy-related CO2 emissions hit record high in 2023 – IEA - Climate Change News - Energy (Mar 1) |
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Mar 1 · Global emissions from energy rose by 410 million tonnes, or 1.1%, in 2023 to 37.4 billion tonnes, hitting a record hight
Smoke billows from a chimney at a combined-cycle gas turbine power plant while coinciding the COP28 is being held in Dubai, in Drogenbos, Belgium December 6, 2023. REUTERS/Yves Herman - RC2SR4AOL6OM
Global energy-related emissions of carbon dioxide (CO2) hit a record high last year, driven partly by increased fossil fuel use in countries where droughts hampered hydropower production, International Energy Agency (IEA) said on Friday.
Steep cuts in CO2 emissions, mainly from burning fossil fuels, will be needed in the coming years if targets to ... | By Reuters Read more ...
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Aid watchdog questions UK’s climate finance accounting - Climate Change News - Politics (Feb 29) |
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Feb 29 · Britain has changed how it calculates its international climate aid, boosting its progress towards a 2026 goal without providing additional money for vulnerable countries, a review finds
An ice sculpture depicting a man collecting clean water is seen, as environmental and public health campaign group WaterAid highlights the threat posed globally by climate change to healthy water supplies, near Tower Bridge, in London, Britain, September 15, 2021. REUTERS/Toby Melville
The United Kingdom has counted an additional £1.7 billion ($2.15 billion) towards its £11.6-billion climate finance target without giving any more money to vulnerable developing countries, an independent ... | By Megan Rowling Read more ...
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Nations fail to agree ban or research on solar geoengineering - Climate Change News - Politics (Feb 29) |
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Feb 29 · At talks in Nairobi, governments could not find consensus on new global governance for SRM, including proposals for “non-use” and a UN expert panel
The negotiating room at the United Nations Environment Assembly in Nairobi (Photos: IISD/ENB Mike Muzurakis)
Governments have failed to agree on how the United Nations should regulate controversial solar radiation management (SRM) techniques, which aim to lessen the effects of climate change by dimming the sunlight reaching Earth.
At the United Nations Environment Assembly (UNEA) in Nairobi this week, some governments led by the African Group of countries wanted to ban SRM, while others led by Switzerland ... | By Joe Lo Read more ...
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Nations fail to agree ban or research on solar geoengineering - Climate Change News (Feb 29) |
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Feb 29 · At talks in Nairobi, governments could not find consensus on new global governance for SRM, including proposals for “non-use” and a UN expert panel
The negotiating room at the United Nations Environment Assembly in Nairobi (Photos: IISD/ENB Mike Muzurakis)
Governments have failed to agree on how the United Nations should regulate controversial solar radiation management (SRM) techniques, which aim to lessen the effects of climate change by dimming the sunlight reaching Earth.
At the United Nations Environment Assembly (UNEA) in Nairobi this week, some governments led by the African Group of countries wanted to ban SRM, while others led by Switzerland ... | By Joe Lo Read more ...
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