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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 invest in line with the Paris Agreement, including by ending their expansion of factory farmi

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.

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.

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 News.

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.

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 its creation in 2010.

Green Climate Fund ambition at risk after ‘disappointing’ pledges

The UN’s flagship climate fund has raised $9.3 billion from rich governments to help developing nations go green and protect people from the impacts of climate change – less than in its last replenishment round four years ago.

Rich countries ‘likely’ to have hit $100bn climate finance goal in 2022: OECD

Rich countries “look likely” to have met a long-overdue goal to provide $100 billion a year in climate finance to vulnerable countries in 2022, two years later than promised.

UK aid cuts leave Malawi vulnerable to droughts and cyclones

After cyclone Freddy ravaged Malawi at the start of the year, mother-of-nine Elube Sandram was left staring at a trail of devastation.

Slow start for Indonesia’s much-hyped carbon market

In September, Indonesia’s President Joko Widodo opened the country’s first carbon exchange IDX Carbon,

Meet the Italian fugitive advising Emirati start-up Blue Carbon

Living on a floating island off the Gulf, Samuele Landi advises a little-known company with big plans to shake up the carbon offsetting market.

To land fossil phase-out deal, rich nations must add fairness

As we enter the second and decisive week of Cop28 in Dubai, an agreement to phase out all fossil fuels and scale up renewables is edging close to a pivotal decision.

The cruise industry says LNG is a climate solution. It’s not

On my way home from a recent holiday in France, I drove past Saint Nazaire shipyard. On the dry dock, dwarfing everything around it, was Royal Caribbean’s new cruise ship under construction – Utopia of the Seas.

Adaptation playbook is the true test of Cop28 for world’s vulnerable

Although the phase out of fossil fuels has got most of the attention at Cop28, the outcome that will likely make the biggest difference to most people on the planet in the short- and medium-term is if countries come to an agreement on the global goal on adaptation.