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22 12 2023 | 02:00

UN climate fund suspends project in Nicaragua over human rights concerns

The UN’s flagship climate fund has suspended payments to a $117 million forest protection project in the Central American nation of Nicaragua over human rights concerns, the first such decision since…

22 12 2023 | 01:55

Exxon shareholders won ‘historic’ climate vote against board’s advice

The world’s largest private oil company is being forced to reckon with the clash between its business model and international climate goals, after a “historic” showdown with investors. At ExxonMobil…

22 12 2023 | 01:53

Developing nations decry risk of UK breaking climate finance pledge

The United Kingdom’s reported plan to break its flagship international climate finance pledge is “disappointing” and undermines trust, climate negotiators from developing countries told Climate Home…

22 12 2023 | 01:51

Germany plans to keep funding new gas projects overseas despite pledge

Germany plans to support new gas projects overseas until 2025 in a potential breach of its commitment to end international fossil fuel financing.  The government’s export credit agency has released…

22 12 2023 | 01:49

Cop28 boss slams rich nations “dismal” $100bn finance failure

The president of the Cop28 climate talks has blamed rich nations’ “dismal” failure to provide $100 billion a year in climate finance to developing countries for “holding up” progress in negotiations…

22 12 2023 | 01:48

Multilateral banks’ investments in industrial livestock undermine their Paris climate commitments

As world leaders meet tomorrow in Paris to discuss the role of public finance in addressing “climate change and the global crisis”, delegates should press multilateral development banks (MDBs) to…

22 12 2023 | 01:46

Public banks agree to check investments against countries’ climate plans

A group of leading global development banks has agreed on long-awaited principles to align new financing with national and international climate goals.

22 12 2023 | 01:43

World Bank’s private sector arm to stop supporting new coal

The International Finance Corporation (IFC), the private sector arm of the World Bank, is to stop supporting new coal projects, a move described by campaigners as welcome but long overdue.

22 12 2023 | 01:41

Japan used ‘environmental’ fund to finance Vietnamese coal plant

A Japanese state-owned bank is using a green fund to finance a Vietnamese coal power plant, sparking accusations of “egregious greenwashing”. The Japan Bank for International Cooperation (JBIC) …

22 12 2023 | 01:39

Africa food crisis: Bill Gates and smallholders see different solutions

Africa is in the grip of a food crisis triggered by soaring fertiliser prices, extreme weather events and disruption caused by the coronavirus pandemic. Fertiliser prices have increased by 300% in…

22 12 2023 | 01:36

Leaks reveal how McKinsey drives African climate agenda

Weeks before African leaders travelled to Nairobi for the continent’s first climate summit in September, climate justice groups wrote to Kenyan president William Ruto accusing consultancy firm…

22 12 2023 | 01:35

Gas lock-in: Debt-laden Ghana gambles on LNG imports

For 15 years, John Gakpo has milled corn to make kenkey – a cornmeal dumpling and Ghana’s staple food – in a dimly lit wooden shack in a suburb of Accra, the country’s capital.  In the past, his…

22 12 2023 | 01:32

South Africa’s coal lobby is resisting a green transition

Pascaline Mazibuko has become a recurrent voice in government consultations on the energy transition in Emalahleni, a municipality of South Africa’s energy heartland Mpumalanga province. The former…

22 12 2023 | 01:28

African leaders blast European no-shows at climate adaptation summit

African leaders have criticised their European counterparts for missing a summit in Rotterdam on how Africa can adapt to climate change. While three African presidents flew to the Netherlands for…

22 12 2023 | 01:23

France, Kenya set to launch Cop28 coalition for global taxes to fund climate action

France and Kenya are set to launch an international taxation taskforce at Cop28 to push for new levies to raise more money for climate action. The governments are in advanced discussions with a…

22 12 2023 | 01:19

Sudan’s Cop28 delegates “really hurt” by silence on their civil war

At the recent Cop28 climate talks in Dubai, hordes of Sudanese workers in blue jackets and lanyards helped guide lost delegates around the sprawling venue. But, while protests about the war in Gaza…

22 12 2023 | 01:16

A wolf in sheep’s clothing: why Africa should shun carbon markets

There is increasing hype and push for so-called voluntary carbon markets in Africa. Politicians, businesses, some NGOs and big philanthropy are trying to get an African Carbon Market Initiative off…

22 12 2023 | 01:14

Senegal shows African countries are not passive beneficiaries of climate finance

What does a just energy transition mean for the world’s least developed countries where energy access, especially in rural areas, is a priority for national development? Last week, a Just Energy…

22 12 2023 | 01:12

ALGERIA: the use of containerized seawater desalination stations

As the year 2023 draws to a close, the public company Algerian Energy Company (AEC) unveils part of its roadmap for the next two years in terms of water supply in Algeria.