Immediate Action Needed: Focus on Cooling and Decentralized Renewable Energy for Climate Adaptation
4 months, 4 weeks ago

Immediate Action Needed: Focus on Cooling and Decentralized Renewable Energy for Climate Adaptation

Hindustan Times  

The critical step that needs to be taken in the wake of the mounting climate crisis is to provide resources to communities, especially those that are vulnerable, and equip them to withstand the changing climate. This is where most of the climate plans falter. Financing support for adaptation actions remains alarmingly inadequate. Developing countries that are facing the brunt of climate impacts are struggling to access the resources needed to adapt. However, there are areas at the intersection of mitigation and adaptation that provide an immediate opportunity. Providing access to cooling for the Global South and enabling DRE solutions to communities can show the way. International funds like the Green Climate Fund (GCF) and new initiatives like Azerbaijan Fund should prioritize such areas for future funding to combat the climate crisis.

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History of this topic

Climate resilience funding: Experts call for blended finance and policy innovation
1 week, 4 days ago

Climate resilience funding: Experts call for blended finance and policy innovation

Firstpost  

Experts emphasised the urgent need to address the funding gap for climate adaptation and resilience, particularly in vulnerable regions. They also expressed optimism about the potential for innovative financing mechanisms and collective action to address the climate resilience gap, urging governments, investors and people to prioritise adaptation as a critical component of climate action. The Raisina Dialogue 2025 brought together …

Bridging the gaps in public finance for climate adaptation
2 weeks, 3 days ago

Bridging the gaps in public finance for climate adaptation

Hindustan Times  

The current gap in global adaptation finance for developing countries is estimated at $194-366 billion per year. The brief also examines innovative approaches to expand adaptation finance beyond traditional public funding, particularly in developing countries, where climate vulnerabilities are highest. The two-year work programme was carried out by two technical bodies that support the Meeting of Parties to the Paris …

Meera Gopal
2 months, 3 weeks ago

Meera Gopal

The Diplomat  

In November, the world gathered in the capital of Azerbaijan, Baku, for the annual United Nations Climate Change Conference. In the following interview, Meera Gopal – a senior program officer for climate at the Asia Society Policy Institute – details Asia’s multifaceted positions and concerns in regard to climate change, how countries from India to China approached the negotiations in …

Cities have much to learn from Singapore and Copenhagen on climate adaptation
3 months, 3 weeks ago

Cities have much to learn from Singapore and Copenhagen on climate adaptation

Live Mint  

Raise your hand if you’ve been victimized by bad weather in the last year or so. In 2021, the UK’s Climate Change Risk Assessment said “there is a very small chance" of the UK exceeding 40° Celsius by 2040. The London Climate Resilience Review, commissioned by Mayor Sadiq Khan and chaired by Emma Howard Boyd, former head of the Environment …

Climate myopia: This year’s CoP was a big disappointment but small surprise
3 months, 3 weeks ago

Climate myopia: This year’s CoP was a big disappointment but small surprise

Live Mint  

The 29th Conference of the Parties to Climate Change came to an end on 24 November 2024 with deep disappointment on the outcomes—not just on finance, but on most other aspects of the agenda. With grossly inadequate mitigation of the crisis, the climate finance that developing countries can legitimately asl for will increase exponentially, leading to continued disappointment from a …

Finance COP fails to offer adequate finance to developing countries for climate action
4 months ago

Finance COP fails to offer adequate finance to developing countries for climate action

Live Mint  

New Delhi: After an extension and over two weeks of intense negotiations, the 29th UN climate change conference or COP29 in Baku finally reached a consensus on a new collective quantified goals on climate finance but disappointed developing countries with only $300 billion per year by 2035 as against a required $1.3 trillion. Onus on developed countries The final draft …

As deadline looms, divide over climate pact widens
4 months, 1 week ago

As deadline looms, divide over climate pact widens

Hindustan Times  

Baku: A deep divide over climate finance erupted into the open on Thursday at the UN climate summit COP29, as developed nations and developing nations roundly rejected a new draft proposal that offered two starkly different options for funding climate action, leaving the talks in disarray with barely a day remaining. A controversial proposal to count developing countries’ domestic resources …

Deadline looms for negotiators seeking a deal for cash to curb global warming
4 months, 1 week ago

Deadline looms for negotiators seeking a deal for cash to curb global warming

Associated Press  

BAKU, Azerbaijan — With time running down, negotiators at the United Nations annual climate talks on Wednesday remained mired in the maze of a trillion-dollar money problem, turning to host Azerbaijan to lead the way to daylight with a promised map to be released in the dark of night. “And what this effectively means is a lot of shuttle diplomacy, …

COP29 negotiators seek climate finance deal as deadline looms
Trending News
4 months, 1 week ago

COP29 negotiators seek climate finance deal as deadline looms

Al Jazeera  

Vulnerable nations are seeking $1.3 trillion to deal with damage from climate change and to adapt to that change. With time running down, negotiators at the United Nations’ annual climate talks have returned to the puzzle of finding an agreement to bring far more money for developing countries to adapt than wealthier countries have shown they are willing to pay. …

Money to respond to climate change is key. Here’s how nations are raising it
4 months, 1 week ago

Money to respond to climate change is key. Here’s how nations are raising it

Associated Press  

BAKU, Azerbaijan — Just as a simple lever can move heavy objects, rich nations are hoping another kind of leverage — the financial sort — can help them come up with the money that poorer nations need to cope with climate change. Money could be in the form of loans, grants or private investment Experts put the number needed for …

UN climate chief calls for innovative financing, tech aid to support national climate plans
4 months, 1 week ago

UN climate chief calls for innovative financing, tech aid to support national climate plans

Live Mint  

New Delhi: Parties must explore innovative financing mechanisms and provide the technical assistance countries need to formulate their national adaptation plans, said UN climate change executive secretary Simon Stiell on Monday. Importance of adaptation The 29th Conference of the Parties or COP29 represents an opportunity to recognize the importance of adaptation and the NAP and the adaptation efforts of developing …

'Out of sync': The trillion-dollar climate puzzle that's become a diplomatic nightmare
4 months, 2 weeks ago

'Out of sync': The trillion-dollar climate puzzle that's become a diplomatic nightmare

BBC  

'Out of sync': The trillion-dollar climate puzzle that's become a diplomatic nightmare Getty Images As countries negotiate a new global goal to raise climate cash, these five charts show why discussions are so fraught. "Developing countries eager to act are facing many obstacles: scant public finance; raging cost of capital; crushing climate disasters; and debt servicing that soaks up funds," …

UN chief expects nations to meet climate finance goal
4 months, 2 weeks ago

UN chief expects nations to meet climate finance goal

China Daily  

Staff display souvenirs on Monday at the China Pavilion of the 29th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change, or COP29, in Baku, Azerbaijan. DOMINIKA ZARZYCKA/GETTY IMAGES Warning of a grim global warming situation, United Nations Secretary-General Antonio Guterres said he expects to see developed countries beefing up their support for …

UN chief expects nations to meet climate finance goal
4 months, 2 weeks ago

UN chief expects nations to meet climate finance goal

China Daily  

Staff display souvenirs on Monday at the China Pavilion of the 29th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change, or COP29, in Baku, Azerbaijan. DOMINIKA ZARZYCKA/GETTY IMAGES Warning of a grim global warming situation, United Nations Secretary-General Antonio Guterres said he expects to see developed countries beefing up their support for …

Developed countries should walk the talk on climate
4 months, 2 weeks ago

Developed countries should walk the talk on climate

China Daily  

Driven by nations who've already been hit hard by climate change, there's been a growing consensus that global efforts must be intensified to elevate climate ambitions in order to restrict the rise in temperature this century to well below 1.5 C, thus preventing catastrophic irreversibility. They underscore the critical importance of COP29 in Baku, Azerbaijan, where establishing a New Collective …

Developed countries should walk the talk on climate
4 months, 2 weeks ago

Developed countries should walk the talk on climate

China Daily  

Driven by nations who've already been hit hard by climate change, there's been a growing consensus that global efforts must be intensified to elevate climate ambitions in order to restrict the rise in temperature this century to well below 1.5 C, thus preventing catastrophic irreversibility. They underscore the critical importance of COP29 in Baku, Azerbaijan, where establishing a New Collective …

A shadow ‘financial crisis’ has cost the world $2 trillion
4 months, 3 weeks ago

A shadow ‘financial crisis’ has cost the world $2 trillion

CNN  

CNN — Last month, two major storms, Hurricane Helene and Hurricane Milton, caused a total of between $51.5 billion and $81.5 billion of property damage, mostly to Southeastern US states, according to estimates from CoreLogic. The report from the International Chamber of Commerce, which comes as the United Nations Climate Change Conference begins in Azerbaijan this week, estimated that the …

UN report calls for trillion of dollars in climate finance to aid developing countries
4 months, 3 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 …

Developing Countries Face Greater Climate Finance Risk, Need More Support
5 months, 1 week ago

Developing Countries Face Greater Climate Finance Risk, Need More Support

The Hindu  

Developing countries face a significant risk due to their geographical factors and reliance on sectors like agriculture, which are particularly sensitive to climate change. Despite contributing relatively little to the cumulative emissions that cause climate change, they require external financing for climate action due to their smaller domestic financial systems and higher costs of capital. The New Collective Quantified Goal …

Labour has an exciting opportunity to resolve the climate crisis – will it heed the call?
6 months, 2 weeks ago

Labour has an exciting opportunity to resolve the climate crisis – will it heed the call?

The Independent  

There are many areas where Britain’s new government has the opportunity for a fresh start. Analysis by the International Rescue Committee finds that just 16 climate-vulnerable and conflict-affected countries – including Sudan, Myanmar, Syria and Somalia – are home to a staggering 43 per cent of all people living in extreme poverty, 44 per cent of all people affected by …

World Bank President in Tuvalu says youth skills key to climate change plan
6 months, 3 weeks ago

World Bank President in Tuvalu says youth skills key to climate change plan

Hindustan Times  

By Kirsty Needham World Bank President in Tuvalu says youth skills key to climate change plan {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} FUNAFUTI, Tuvalu -World Bank President Ajay Banga said on Friday that young people in the Pacific Island nation of Tuvalu need training to help them move and adapt to climate change as he visited the frontline of the battle against …

Broken promise
6 months, 3 weeks ago

Broken promise

New Indian Express  

CHENNAI: As the COP29 negotiations draw closer, the climate finance gap between developed and developing nations remains a major hurdle, casting a shadow over the upcoming summit. With less than three months to go, the pressure is mounting on wealthier countries to make good on their promises and agree to a new climate finance goal that adequately supports vulnerable nations …

UN draft: Developing nations expect trillions for climate mitigation efforts
6 months, 4 weeks ago

UN draft: Developing nations expect trillions for climate mitigation efforts

Hindustan Times  

A draft document on the new climate finance goal, to be negotiated at the UN Climate Conference COP29 in November, indicates developing countries expect contributions in the trillions from developed nations for climate change mitigation efforts. The United States reiterated its stance that contributing to the new fund should be voluntary, and argued that NCQG is separate from UNFCCC provisions, …

Climate finance gaps
10 months, 1 week ago

Climate finance gaps

China Daily  

MA XUEJING/CHINA DAILY Since its launch 10 years ago, the Belt and Road Initiative has made remarkable progress across various fields. Therefore, it is critical and urgent to promote international cooperation on climate finance in BRI countries, so as to channel more funds toward climate change adaptation and environmental protection, and enhance these countries' capacity for mitigating and adapting to …

West needs to bear its climate funding duty
10 months, 3 weeks ago

West needs to bear its climate funding duty

Hindustan Times  

The refusal of the developed nations to shoulder their fair share of responsibility in the climate crisis is baffling, given the window for action to contain warming to 2 degrees Celsius by 2100 is closing fast. At the Cartagena Ad Hoc Work Programme talks — in the run up to the actual negotiations at the Conference of Parties — the …

‘Two years to save the world’: UN climate chief makes plea for more money to tackle crisis
11 months, 2 weeks ago

‘Two years to save the world’: UN climate chief makes plea for more money to tackle 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 The United Nations climate chief has warned that there is “two years to save the …

UN climate chief presses for faster action, says humans have 2 years left ‘to save the world’
11 months, 2 weeks ago

UN climate chief presses for faster action, says humans have 2 years left ‘to save the world’

Associated Press  

OXFORD, England — Humanity has only two years left “to save the world” by making dramatic changes in the way it spews heat-trapping emissions and it has even less time to act to get the finances behind such a massive shift, the head of the United Nations climate agency said. With governments of the world facing a 2025 deadline for …

Private sector holds key to climate finance
1 year ago

Private sector holds key to climate finance

China Daily  

A man sells camels at El Hirka Dhere livestock market in Mogadishu, Somalia, on July 30, 2020. The private sector, government and international organizations have reiterated that Africa needs to attract more private sector finance in order to bridge its climate finance gap. During the Climate Change Global Business Summit, speakers called on multilateral development finance institutions to strengthen their …

Real solutions to climate change in Africa are about people, not profit
1 year, 1 month ago

Real solutions to climate change in Africa are about people, not profit

Al Jazeera  

The continent’s leaders should resist quick fixes and deadly traps offered by the market and bring the people at the centre of the climate action. At this year’s African Union Summit held on 17-18 February in Addis Ababa, African leaders adopted the Nairobi Declaration on Climate Change – a powerful show of unity in the face of a real threat …

A just transition from climate crisis for vulnerable countries
1 year, 2 months ago

A just transition from climate crisis for vulnerable countries

Hindustan Times  

Transitioning to a low-emission world cannot escape the issues of ‘climate justice’ that bring on board the plight of vulnerable communities who are at the receiving end of the climate crisis. About 3.6 billion people in Africa, Asia, Central and South America, Least Developed Countries, Small Islands and the Arctic, Indigenous Peoples globally, small-scale food producers and low-income households are …

Global Goal on Adaptation and the road from Dubai
1 year, 3 months ago

Global Goal on Adaptation and the road from Dubai

The Hindu  

The 28th meeting of the Conference of the Parties to the United Nations Framework Convention on Climate Change, in Dubai, was notable in terms of stopping the lackadaisical approach of the international community to the adaptation concern. A main target in the GGA includes the Parties to the Paris Agreement having “conducted up-to-date assessments of climate hazards, climate change impacts …

COP28: Adaptation draft misses key issue of climate finance
1 year, 3 months ago

COP28: Adaptation draft misses key issue of climate finance

Hindustan Times  

A new text on the Global Goal on Adaptation released on Wednesday at the UN Climate Change Conference in Dubai lists seven targets, including significantly reducing climate-induced water scarcity, for implementation by and beyond 2030, but it doesn’t provide for adequate climate finance to put these adaptation measures in place. The text urges parties to take on seven adaptation measures …

Why Cop28 barely scratches the surface on the cost of climate change
1 year, 3 months ago

Why Cop28 barely scratches the surface on the cost of climate change

The Independent  

When panic-buying hit the UK in March 2020, it was a rare moment: a curious knock-on effect of the emerging Covid pandemic. The rains now are crazy; It is very different to how it was when I was a child.” Robertson is at the Cop28 climate conference in Dubai in his role as lead negotiator for “Loss and Damage” – …

At COP28, much talk but incremental gains
1 year, 3 months ago

At COP28, much talk but incremental gains

Hindustan Times  

As the climate crisis talks underway in Dubai under the 28th Conference of Parties to the UNFCCC enter the second week of negotiations, all eyes are set on the ministers who have arrived to make national statements. Usually, the climate crisis negotiations do not make much headway in the first week as this period is spent mostly on developing options …

Climate negotiators urged to reach agreement on reducing Global warming as COP28 talks near end
1 year, 3 months ago

Climate negotiators urged to reach agreement on reducing Global warming as COP28 talks near end

Firstpost  

The draft text expresses concern over the gap between the money needed for adaptation and how much countries are getting, but it doesn’t say exactly how much money is needed for the world to adapt to climate change Negotiators have been urged to narrow down their options and agree on how to save Earth from disastrous levels of warming as …

COP28 releases crucial document to guide adaptation efforts, disagreement lingers
1 year, 3 months ago

COP28 releases crucial document to guide adaptation efforts, disagreement lingers

India TV News  

COP28: Just two days before the UN climate talks here are scheduled to end, negotiators on Sunday released a draft document to guide countries' efforts to adapt to climate change and monitor collective progress. Funds crunch According to a UN report released last month, developing countries require USD 215-387 billion annually for climate adaptation, but they are only receiving about …

How to adapt to climate change may be secondary at COP28, but it’s key to saving lives, experts say
1 year, 3 months ago

How to adapt to climate change may be secondary at COP28, but it’s key to saving lives, experts say

Associated Press  

DUBAI, United Arab Emirates — As United Nations climate talks enter their second week, negotiators who are largely focused on how to curb climate change have another thing on their plates: how to adapt to the warming that’s already here. “The problem is the fact that adaptation is actually the second long long-term goal of the Paris agreement,” said South …

Raise domestic financing to fund climate action projects: IMF’s Georgieva
1 year, 3 months ago

Raise domestic financing to fund climate action projects: IMF’s Georgieva

Live Mint  

New Delhi: Developing economies need to do more domestically to raise financing and deepen domestic capital markets to participate and invest in climate action, said International Monetary Fund managing director Kristalina Georgieva in an interview held during the climate summit in Dubai. As part of the plan, the IMF will start a new programme with the World Bank on tax, …

Climate funding is in short supply. So some want to rework the financial system
1 year, 4 months ago

Climate funding is in short supply. So some want to rework the financial system

NPR  

Climate funding is in short supply. Enlarge this image toggle caption Ina Fassbender/AFP via Getty Images Ina Fassbender/AFP via Getty Images Developing countries need a lot more money for climate change Industrialized countries like the United States built their wealth producing and using fossil fuels. Sponsor Message "That $100 billion is a very important symbol of trust" between wealthy countries …

Fund to compensate developing nations for climate change is unfinished business at COP28
1 year, 4 months ago

Fund to compensate developing nations for climate change is unfinished business at COP28

Associated Press  

NEW DELHI — Sunil Kumar watched helplessly in July as his home and 14 others were washed away by intense monsoon rains lashing the Indian Himalayas. Developing nations had long sought to address the problem, and finally broke through with an agreement at last year’s annual United Nations climate talks, known as COP27, to create what’s known as a loss …

UK ‘must invest more in climate adaptation amid whiplash of flood and droughts’
1 year, 4 months ago

UK ‘must invest more in climate adaptation amid whiplash of flood and droughts’

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 must invest more in climate adaptation amid a “whiplash” of floods and droughts …

As climate threats grow, poor countries still aren't getting enough money to prepare
1 year, 4 months ago

As climate threats grow, poor countries still aren't getting enough money to prepare

NPR  

As climate threats grow, poor countries still aren't getting enough money to prepare Enlarge this image toggle caption Fida Hussain/AFP via Getty Images Fida Hussain/AFP via Getty Images The world is facing more extreme weather that scientists say is fueled by human-driven climate change. Sponsor Message The UN estimates the gap between how much money developing countries need to pay …

Finding funds for climate action risks ending up as a pipe dream
1 year, 6 months ago

Finding funds for climate action risks ending up as a pipe dream

Live Mint  

Low-income countries are in the throes of a liquidity crunch that is not only undermining their economic development but also deepening the global climate crisis. To overcome this dilemma, the African Union’s Nairobi Declaration on Climate Change proposes that countries be allowed to reschedule debts coming due to create fiscal space for ‘green growth’ policies and reforms, financed by MDBs. …

Are climate reparations finally on the way for vulnerable countries?
1 year, 7 months ago

Are climate reparations finally on the way for vulnerable countries?

Al Jazeera  

A ‘significant change in action’ is under way to compensate nations under direct assault from climate chaos, observers say. Climate negotiators representing two dozen countries will hold meetings on Tuesday to iron out details of the United Nations’ “loss and damage” fund, created last year in Sharm el-Sheikh, Egypt, and expected to be presented at COP28 in Dubai in November. …

India's vision for climate justice: COP28 and beyond
1 year, 7 months ago

India's vision for climate justice: COP28 and beyond

Hindustan Times  

As the world confronts the pressing reality of the climate crisis, the need for robust climate financing has never been more urgent. Notably, the establishment of the National Adaptation Fund for Climate Change and the National Clean Energy Fund serve as shining examples of India's commitment to promoting clean energy and supporting climate-resilient infrastructure. The Climate Finance Working Group's estimation …

Finance barriers are hurting Global South’s climate transitions
1 year, 8 months ago

Finance barriers are hurting Global South’s climate transitions

Al Jazeera  

It is more expensive to borrow money for climate action projects in poor countries than in wealthy countries. It is a symptom of a wider problem: the global financial system is stacked against project developers in countries on the front lines of climate change. Last year, we held regional finance forums to showcase more than 100 shovel-ready projects in emerging …

It’s Time to Put Serious Money on Climate Resilient Development - News18
1 year, 9 months ago

It’s Time to Put Serious Money on Climate Resilient Development - News18

News 18  

Everything, everywhere and all systems together. Mobilising climate finance flows to developing countries One of the challenges of global climate finance is that it needs to address three simultaneous goals. Nearly three-quarters of global climate finance still stay in high-income countries, to avoid the perceived political, regulatory and economic risks of investments in developing countries. Turn-around in global to local …

Tactics to strategy - Climate solutions heading the right direction
1 year, 9 months ago

Tactics to strategy - Climate solutions heading the right direction

Hindustan Times  

The Earth has endured scorching heat for 46 years now. Environmental shocks due to global warming continue to impact nature and humanity in unprecedented ways establishing climate change as a ‘defining issue’ of our time. Climate change is not just a crisis, but a ‘crisis multiplier.’ According to data presented at COP 27, if climate change is ignored, it is …

African nations consider swapping debt to invest in climate action
2 years ago

African nations consider swapping debt to invest in climate action

Firstpost  

Mombasa, Kenya: African countries saddled with debt and ravaged by losses and damages from extreme weather events like cyclones, drought and extreme temperatures have agreed to consider swapping debt to invest in climate action in a meeting of finance ministers in the Ethiopian capital. It was among several green financing alternative models discussed at the ongoing United Nations conference that …

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