Britain to use G-7 meeting to press for climate finance
3 years, 7 months ago

Britain to use G-7 meeting to press for climate finance

Associated Press  

BERLIN — British Prime Minister Boris Johnson said Thursday that he will use the Group of Seven meeting in June to “bend the ear” of fellow leaders to provide more financial help for poor countries to cope with climate change. Johnson said he hoped G-7 leaders would commit to “kick-start a green industrial revolution and build economies that can withstand whatever our changing climate throws at us.” “I also hope to secure a substantial pile of cash with which to help all countries to do that,” he said, adding that reaching the $100 billion target set in Paris almost six years ago was “long overdue” and rich countries need to go further still. The British government hasn’t spelled out exactly where the ax will fall but says the U.K.’s target to provide 11.6 billion pounds for international climate finance over the next five years still stands. Johnson said it was important to help poor countries leapfrog the dirty technologies that fueled both industrialization and global warming and that he would “not hesitate to bend the ear of my fellow leaders on the need for them to do the same” by the Glasgow summit, known as COP26.

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History of this topic

United States, European Union among others to back new $300 billion global finance target: COP29
Trending News
1 month ago

United States, European Union among others to back new $300 billion global finance target: COP29

Live Mint  

BAKU -The European Union, United States and other wealthy countries at the COP29 climate summit have agreed to raise their offer of a global finance target to $300 billion per year by 2035, sources told Reuters on Saturday. The new goal is intended to replace developed countries' previous commitment to provide $100 billion in climate finance for poorer nations per …

Why are countries fighting over climate finance at COP29?
1 month, 1 week ago

Why are countries fighting over climate finance at COP29?

The Hindu  

The main task for nearly 200 countries at the U.N.'s COP29 climate summit is to broker a deal that ensures up to trillions of dollars in financing for climate projects worldwide. Wealthy countries pledged in 2009 to contribute $100 billion a year to help developing nations cope with the costs of a transition to clean energy and adapting to the …

G77+ China demand 1.3 trillion dollars in climate finance from developed nations at COP29
1 month, 1 week ago

G77+ China demand 1.3 trillion dollars in climate finance from developed nations at COP29

New Indian Express  

BAKU: At COP29, the G77 bloc of developing nations, alongside China, took a firm stance on the New Collective Quantified Goal for climate finance, calling for an ambitious financial commitment from developed countries to support climate action in the developing world. Representing roughly 80% of the global population, G77+China has demanded that developed nations provide at least $1.3 trillion annually …

Cop29: Activists look to Britain for climate leadership as Trump’s win casts long shadow over crucial UN talks
1 month, 1 week ago

Cop29: Activists look to Britain for climate leadership as Trump’s win casts long shadow over crucial UN talks

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Every year the climate summit produces a treaty agreed by all countries, and this year’s will focus on the …

UN report calls for trillion of dollars in climate finance to aid developing countries
1 month, 2 weeks ago

UN report calls for trillion of dollars in climate finance to aid developing countries

Live Mint  

Developing nations will need around $1.1 trillion annually in climate financing by 2025, a figure expected to climb to $1.8 trillion by 2030, according to a new report by the United Nations Conference on Trade and Development. The report outlines a daunting roadmap for climate finance and calls for developed countries to meet escalating financial commitments to support global climate …

Climate Crisis: Can COP29 Break the Cycle of Broken Promises?
1 month, 3 weeks ago

Climate Crisis: Can COP29 Break the Cycle of Broken Promises?

Live Mint  

The 2024 Emissions Gap Report paints a grim picture of global climate progress, with emissions continuing to rise and the gap between climate targets and reality widening. The report emphasizes the need for immediate action on climate finance, emissions reduction, and accountability. It highlights the responsibility of wealthy nations to fulfill their financial and emissions reduction promises, particularly to support …

Climate Crisis: World Paying a Terrifying Price for Inaction, UN Warns
2 months ago

Climate Crisis: World Paying a Terrifying Price for Inaction, UN Warns

Al Jazeera  

UN Secretary-General Antonio Guterres has warned that current climate policies will result in global warming of more than 3 degrees Celsius (5.4 degrees Fahrenheit) by the end of the century. The report also finds that the world faces as much as 3.1C (5.6F) of warming above pre-industrial levels by 2100 if governments do not take greater action on slashing planet-warming …

Leaders at U.N. urge world’s richest to do more on climate
2 months, 4 weeks ago

Leaders at U.N. urge world’s richest to do more on climate

The Hindu  

Developing nations on Monday pleaded at the U.N. General Assembly for the world’s richest to do more to help them cope with the hardships they face from climate extremes. “The vulnerable people of our world are drained by the lip service.” Delivering a similar message on behalf of the Least Developed Country negotiating bloc, Malawi’s climate and natural resources minister, …

G7 eyes possible end date for coal-fired power plants
7 months, 3 weeks ago

G7 eyes possible end date for coal-fired power plants

The Hindu  

G7 energy ministers on April 29 discussed a possible time frame for phasing out coal-fired power plants, as the UN warned “excuses” for failing to take bold actions on climate change were “not acceptable”. “It is utter nonsense to claim the G7 cannot -- or should not -- lead the way on bolder climate actions,” Stiell, who leads the United …

Outbreaks of war must not distract us from our collective priorities
11 months, 3 weeks ago

Outbreaks of war must not distract us from our collective priorities

Live Mint  

The ongoing war in Ukraine and the fighting in Gaza following Hamas’s 7 October terrorist attack must not distract the world from our collective priorities: reducing our carbon dioxide emissions, aiming for carbon neutrality by 2050, preserving biodiversity, and fighting poverty and inequality. For the most vulnerable countries, we must create conditions that enable them to finance their climate-change mitigation …

UK hailed as ‘world leader in tackling climate change’ as first G20 nation to halve carbon emissions
11 months, 4 weeks ago

UK hailed as ‘world leader in tackling climate change’ as first G20 nation to halve carbon emissions

The Telegraph  

Ms Coutinho shared an analysis of the data in a blog post from The Spectator magazine which first highlighted the figures. “That’s why it’s so important we make sure we’re not burdening hard-working families, but bringing them with us as we continue on our transition to net zero.” According to the data, the UK first reached the milestone of halving …

The UK Is Burning Climate Pledges to Fuel a Culture War
54 years, 11 months ago

The UK Is Burning Climate Pledges to Fuel a Culture War

Wired  

The UK government has taken the unusual step of scaling back major climate commitments, despite widespread pushback from scientists, businesses, and lawmakers across the political divide. In a speech today, Prime Minister Rishi Sunak announced the UK would push back deadlines for the planned phaseout of gas-powered vehicles, ending fossil-fuel heating in homes not connected to the natural-gas grid, and …

How the UK’s net zero pledges compare to other decarbonising countries
1 year, 3 months ago

How the UK’s net zero pledges compare to other decarbonising countries

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. More than 70 countries including the UK, US, EU and China have targets to …

The New Delhi Declaration and Paris Agenda show a way forth
1 year, 3 months ago

The New Delhi Declaration and Paris Agenda show a way forth

Live Mint  

At the end of June, a historic summit on international solidarity concluded the Paris Agenda for People and the Planet. Two, facing different needs, countries may need to pursue diverse transition paths while coming together to meet the goals of the 2015 Paris climate agreement. Fortunately, we have already achieved the target of $100 billion worth of special drawing rights …

G20: UK PM Rishi Sunak announces $2 billion aid to Green Climate Fund
1 year, 3 months ago

G20: UK PM Rishi Sunak announces $2 billion aid to Green Climate Fund

Live Mint  

As the G20 Summit moves towards conclusion, the United Kingdom will contribute a record $2 billion to the Green Climate Fund to tackle climate change, Prime Minister Rishi Sunak announced on Sunday. G20 Summit LIVE Notably, this is the biggest single funding commitment made by the UK to help the world tackle climate change. The Green Climate Fund is the …

G20 Summit 2023: PM Rishi Sunak announces $2 billion aid to tackle climate change
1 year, 3 months ago

G20 Summit 2023: PM Rishi Sunak announces $2 billion aid to tackle climate change

Firstpost  

The United Kingdom’s financial commitment, spanning from 2024 to 2027, reflects a 12.7 per cent increase compared to its contribution from 2020 to 2023, the UK government said. UK Prime Minister will provide $2bn to the Green Climate Fund – the biggest single funding commitment the country has made to help the world in tackling climate change. We're delivering on …

G20 environment meeting ends without agreement on climate crisis
1 year, 4 months ago

G20 environment meeting ends without agreement on climate crisis

Al Jazeera  

No consensus reached on key points, including curbing emissions and scaling up renewable energy, despite record temperatures and wildfires across the globe. He said it showed G20 countries, which account for up to 80 percent of global greenhouses emissions, were “nowhere” on their commitments to address climate change. “We were asked to make bold choices, to demonstrate courage, commitment and …

Climate watchdog slams UK government for backtracking on its fossil fuel pledges
1 year, 5 months ago

Climate watchdog slams UK government for backtracking on its fossil fuel pledges

Associated Press  

LONDON — The U.K. government’s climate advisers on Wednesday slammed officials for their slow pace in meeting their “net zero” greenhouse gas emissions target and backtracking on fossil fuel commitments. They say Britain has “lost its clear global leadership position on climate action.” The Climate Change Committee, which tracks the U.K. government’s decarbonization efforts, said in a new report that …

G7 urges major economies: Net zero by 2050, emissions peak by 2025
1 year, 7 months ago

G7 urges major economies: Net zero by 2050, emissions peak by 2025

Live Mint  

The G7 nations have called on major economies, such as India and China, to make a commitment to achieve net zero emissions by 2050 and reach the peak of their emissions by 2025, as reported by PTI. "We call on all Parties – especially major economies – whose 2030 NDC targets or long-term low GHG emission development Strategies are not …

G7: Activists question Japan’s ‘lack of urgency’ on climate action
1 year, 7 months ago

G7: Activists question Japan’s ‘lack of urgency’ on climate action

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Ms Robinson says there is a “need to ensure Japan gives leadership on the climate crisis as a crisis …

Rich nations urged to pay $13 trillion in pledges to Global South
1 year, 7 months ago

Rich nations urged to pay $13 trillion in pledges to Global South

Al Jazeera  

Developed countries promised in 2009 to transfer $100bn annually between 2020 and 2025 to climate-vulnerable states – but that target has not been met, British charity Oxfam says. Rich G7 nations owe poor ones an estimated $13 trillion in unpaid development aid as well as support in the fight against climate change, British charity Oxfam says. “Wealthy G7 countries like …

G7 finance ministers tackle global economic challenges as Yellen seeks to reassure on debt standoff
1 year, 7 months ago

G7 finance ministers tackle global economic challenges as Yellen seeks to reassure on debt standoff

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. “I will underscore the importance …

G7 puts focus on push for global fossil fuel phase-out deal
1 year, 8 months ago

G7 puts focus on push for global fossil fuel phase-out deal

Al Jazeera  

Climate ministers commit to accelerate the hydrocarbon phase-out to achieve net zero in energy systems by 2050, but many questions remain. Meyer said a G7 leaders’ meeting next month could offer an opportunity to back up their call for a fossil fuel phase-out with strong commitments to financially help developing nations to transition. Stepping stones Meetings that could be used …

G7 Ministers commit to move to carbon-free power by 2035
1 year, 8 months ago

G7 Ministers commit to move to carbon-free power by 2035

The Hindu  

Climate and Energy Ministers and envoys from Group of Seven countries on April 16 committed to work towards ensuring carbon-free electricity production by 2035 and “accelerating” the phase-out of coal. “We highlight that we ended new direct government support for unabated international thermal coal power generation by the end of 2021 and public support for the international unabated fossil fuel …

G7 building consensus for faster end to carbon emissions
1 year, 8 months ago

G7 building consensus for faster end to carbon emissions

The Hindu  

Leaders of the Group of Seven wealthy nations were finalizing a consensus on April 16 on phasing out carbon emissions that contribute to climate change, amid calls from China and other developing countries for more aid in making a transition to renewable energy. The president-designate for the next United Nations climate talks, the COP28, who was also attending the talks …

G-7 energy, environment leaders haggle over climate strategy
1 year, 8 months ago

G-7 energy, environment leaders haggle over climate strategy

The Hindu  

Energy and environment ministers of the Group of Seven wealthy nations met on April 15 in northern Japan, seeking to reconcile the world’s heavy reliance on fossil fuels with the urgency of ending carbon emissions to stave off the worst consequences of climate change. “We appreciate Japan’s leadership and its stewardship of G-7 this year.” But differences persist over how, …

If you think net zero is expensive, wait until you see the cost of the climate crisis
1 year, 8 months ago

If you think net zero is expensive, wait until you see the cost of the climate crisis

The Independent  

Going green will “destroy our economy” – at least, according to some commentary in recent days. However, Britain’s largest asset manager – which is well-informed on the economic impacts of rising sea levels, droughts, bad harvests, floods and other extreme weather events – makes clear in a report that cost will be reduced if we act to address the cause …

Billion pound spending gap as government spends less on UK emission cuts than it raises in carbon tax
2 years ago

Billion pound spending gap as government spends less on UK emission cuts than it raises in carbon tax

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The government is spending a billion pounds less on cutting domestic emissions than it is …

G7 establishes climate club to fight global warming
2 years ago

G7 establishes climate club to fight global warming

Associated Press  

BERLIN — The Group of Seven leading economies have created an open, international climate club for countries that want to cooperate in the fight against global warming, German Chancellor Olaf Scholz said Monday after a video conference with other G-7 leaders. Scholz said the new forum group “is not intended to be a G-7 initiative; rather, it is to be …

Vulnerable countries demand progress on climate change loss and damage fund
2 years, 1 month ago

Vulnerable countries demand progress on climate change loss and damage fund

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Small island developing states will no longer stand for delay on loss and damage finance Molwyn Joseph, Aosis chairman …

COP27: G7 Nations Launch 'Global Shield' Plan To Fund Disaster-Hit Countries, Report Says
2 years, 1 month ago

COP27: G7 Nations Launch 'Global Shield' Plan To Fund Disaster-Hit Countries, Report Says

ABP News  

COP27: The G7 nations launched a plan called 'Global Shield' at the 27th United Nations Climate Change Conference on November 14, 2022. The Global Shield plan aims to rapidly provide pre-arranged insurance and disaster protection funding after natural disasters such as floods, droughts and hurricanes, a Reuters report says. The Global Shield plan is backed by 170 million euros in …

Fears UK will break climate crisis pledge for poor nations after failure to reveal funding
2 years, 1 month ago

Fears UK will break climate crisis pledge for poor nations after failure to reveal funding

The Independent  

Ministers have been told to come clean on suspicions the UK will break promises to fund climate crisis help for poorer nations, after failing to set out what money is being provided. Campaigners said Rishi Sunak, as he arrives in Egypt, must reveal how much is being provided in so-called “international climate finance”, to help developing countries cope with the …

UN warns world is speeding down a 'highway to hell' as COP27 leaders open two weeks of talks in resort town
2 years, 1 month ago

UN warns world is speeding down a 'highway to hell' as COP27 leaders open two weeks of talks in resort town

ABC  

United Nations Secretary-General Antonio Guterres has declared a lack of progress on climate change has the world speeding down a "highway to hell", as world leaders frame the fight against global warming as a battle for human survival during opening speeches at the COP27 climate summit in Egypt. Key points: Former US vice-president Al Gore says global leaders have a …

Britain is third highest country in the G7 'climate ready' rankings, new report claims
2 years, 1 month ago

Britain is third highest country in the G7 'climate ready' rankings, new report claims

Daily Mail  

The UK is the third most ‘climate ready’ nation in the G7 group – behind only France and Germany. The report highlighted the UK’s ‘strong performance’ on cutting emissions and its commitment to be net zero by 2050 But Aviva said the UK should improve its protection of the natural world and increase its support for businesses tackling climate change. …

Britain opens the door to climate change reparations for poorer nations
2 years, 1 month ago

Britain opens the door to climate change reparations for poorer nations

The Telegraph  

Britain has opened the door to paying climate change reparations to developing countries by supporting talks on the issue at the Cop27 summit. On Sunday, at the meeting in Egypt, UK negotiators backed a last-minute agreement to address “loss and damage” payments to countries badly affected by climate-related disasters. The Prime Minister will say: “By honouring the pledges we made …

At COP27, move the needle on climate action
2 years, 1 month ago

At COP27, move the needle on climate action

The Hindu  

India and other developing economies are justifiably worried about the damage to growth from COVID-19, Russia’s war in Ukraine, and the global economy’s downturn. But these troubles pale in comparison with the climate catastrophe already resulting from the current trajectory of greenhouse gas emissions, whose effects hit developing economies and the poor hardest. That is why it is imperative that …

Climate pledges still 'nowhere near' enough for 1.5°C, says UN
2 years, 1 month ago

Climate pledges still 'nowhere near' enough for 1.5°C, says UN

The Hindu  

International climate pledges remain far off track to limit temperature rises to 1.5°C, according to a UN report released on Wednesday, less than two weeks ahead of high-stakes negotiations to tackle global warming. "We are still nowhere near the scale and pace of emission reductions required to put us on track toward a 1.5°C world," Simon Stiell, Executive Secretary of …

UK well off track to meet 2030s carbon-cutting goals, official figures project
2 years, 1 month ago

UK well off track to meet 2030s carbon-cutting goals, official figures project

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. In the light of the new data, senior climate lawyer for environmental law charity Sam Hunter Jones said: “These …

Rich countries fail to strengthen climate plans ahead of UN deadline
2 years, 2 months ago

Rich countries fail to strengthen climate plans ahead of UN deadline

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Australia was one of the G20 countries that significantly upped its ambition, submitting a new target of reducing greenhouse …

I was on the board at BT and Barclays - the conservatives must take climate change seriously
2 years, 4 months ago

I was on the board at BT and Barclays - the conservatives must take climate change seriously

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. The UK government, which passed a commitment to reach net zero emissions by 2050 into law, deserves its reputation …

Climate aid, war fallout feature at Berlin climate talks
2 years, 5 months ago

Climate aid, war fallout feature at Berlin climate talks

Associated Press  

BERLIN — Officials from 40 countries met Monday in Berlin to discuss how to stay focused on fighting the increasing impacts of climate change while the world reels from the economic fallout of the pandemic and Russia’s invasion of Ukraine. The U.N. secretary general admonished countries to take action instead of playing a “blame game.” European nations vowed to fulfill …

How the US is hindering global climate financing
2 years, 5 months ago

How the US is hindering global climate financing

Al Jazeera  

Washington has not delivered on its promise to the Green Climate Fund, a tool to avert catastrophic climate change. “We cannot afford for every country to follow these industrialisation pathways that the developed world has done,” said Joe Thwaites, an international climate finance advocate at the US-based Natural Resources Defense Council. The GCF is not the only mechanism for climate …

‘Major failures’ in govt plans to meet net zero climate goals, says advisory body
2 years, 5 months ago

‘Major failures’ in govt plans to meet net zero climate goals, says advisory body

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy “Major failures” in the government’s delivery of plans to meet UK climate goals means it …

G7 to create ‘climate club’ to boost action on crisis
2 years, 5 months ago

G7 to create ‘climate club’ to boost action on crisis

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Members of the Group of Seven major economies pledged Tuesday to create a new " …

G-7 aims to create club of nations to boost climate action
2 years, 5 months ago

G-7 aims to create club of nations to boost climate action

Associated Press  

BERLIN — Members of the Group of Seven major economies pledged Tuesday to create a new " climate club " for nations that want to take more ambitious action to tackle global warming, putting them on a possible collision course with China. The idea, championed by G-7 summit host German Chancellor Olaf Scholz, will see countries that join the club …

G-7 pledges put coal on notice, could boost climate aid
2 years, 6 months ago

G-7 pledges put coal on notice, could boost climate aid

Associated Press  

BERLIN — Officials from the Group of Seven wealthy nations announced Friday that they will aim to largely end greenhouse gas emissions from their power sectors by 2035, making it highly unlikely that those countries will burn coal for electricity beyond that date. Under pressure to step up their financial aid to poor nations, the G-7 ministers in Berlin said …

G7 vows to end greenhouse emissions from 2035, could boost climate aid
2 years, 6 months ago

G7 vows to end greenhouse emissions from 2035, could boost climate aid

The Hindu  

Officials from the Group of Seven wealthy nations announced Friday that they will aim to largely end greenhouse gas emissions from their power sectors by 2035, making it highly unlikely that those countries will burn coal for electricity beyond that date. Financial aid for developing countries In a move aimed at ending the recurring conflict between rich and poor nations …

‘Worse than predicted’: G7 meets to keep climate action on track
2 years, 6 months ago

‘Worse than predicted’: G7 meets to keep climate action on track

Al Jazeera  

Environmental groups warn nations risk undermining their green goals by scrambling to secure new sources of natural gas to make up for shortfalls in supplies from Russia. “Delivering on climate promises really becomes even more vital in this tense geopolitical environment.” The ministers will consider committing to a phase-out of coal power generation by 2030, according to a draft communique, …

The heavy lifting on climate action must begin
3 years, 1 month ago

The heavy lifting on climate action must begin

The Hindu  

Will the recently concluded, and much reported on, Glasgow climate meeting make a difference to humanity’s efforts to address global climate change? Hits and misses Yet, Glasgow was necessary for stronger action to address climate change because it put in place levers that stimulate domestic processes, such as the formulation of domestic pledges or ‘Nationally Determined Contributions’. Nonetheless, the term …

Glasgow climate summit | Coal ‘phase-down’ is a right, says India Environment Minister
3 years, 1 month ago

Glasgow climate summit | Coal ‘phase-down’ is a right, says India Environment Minister

The Hindu  

A day after the 26th United Nations Conference of Parties in Glasgow ended on Saturday, Union Environment Minister Bhupender Yadav, in a personal blog, dwelt on India’s last-minute intervention that played a key role in the final text of the agreement that called for coal to be “phased down” rather than “phased out”. The 26th United Nations Conference of Parties …

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