As Africa's climate warms, rich countries pledge more funds
2 years, 3 months ago

As Africa's climate warms, rich countries pledge more funds

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. Please try again later {{ /verifyErrors }} Rich countries said they will spend about $25 billion by 2025 to boost Africa's efforts to adapt to climate change as the continent continues to struggle with drought, cyclones and extreme heat, according to officials at a summit in Rotterdam in the Netherlands on Monday. “Africa does not have the resources to tackle climate change," Akinwumi Adesina, president of the African Development Bank, told the summit. Ghana’s President Nana Akufo Addo said his country will push for the funds allocated to adapting to a warmer climate to be doubled at the forthcoming United Nations summit in Egypt in November.

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History of this topic

Climate myopia: This year’s CoP was a big disappointment but small surprise
2 weeks, 5 days 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 …

COP29: How $300 billion climate funding is an ‘optical illusion’
3 weeks, 2 days ago

COP29: How $300 billion climate funding is an ‘optical illusion’

Firstpost  

Much of the funding relies on mobilising private finance, which often translates to loans rather than grants. Nations already grappling with crippling debt burdens face the prospect of trading financial solvency for climate action A demonstrator displays hands that reads "pay up" during a protest for climate finance at the COP29 UN Climate Summit, November 23, 2024, in Baku, Azerbaijan. …

Global South's joint climate efforts urged
3 weeks, 6 days ago

Global South's joint climate efforts urged

China Daily  

COP29 President Mukhtar Babayev walks during a closing plenary meeting at the COP29 United Nations Climate Change Conference, in Baku, Azerbaijan, November 24, 2024. Developing countries need to form a Global South alliance that will strengthen climate commitments and pressure industrialized nations to fulfill their "historical responsibility" to finance mitigation and adaptation efforts, according to participants in this year's climate …

Climate-threatened nations stage protest at COP29 over contentious deal
1 month ago

Climate-threatened nations stage protest at COP29 over contentious deal

The Hindu  

The world’s most climate-imperilled nations stormed out of consultations in protest at the deadlocked UN COP29 conference on Saturday, as simmering tensions over a hard-fought finance deal erupted into the open. An unpublished version of the final text circulating in Baku, and seen by AFP, proposes that rich nations raise to $300 billion a year by 2035 their commitment to …

Developing nations say $300bn COP29 deal not enough after agreement
1 month ago

Developing nations say $300bn COP29 deal not enough after agreement

Al Jazeera  

Host Azerbaijan calls for consensus after delegations from developing countries walk out of climate finance talks. Negotiators at the United Nations climate talks agreed on a $300bn target to help developing nations adapt to climate change, but many poorer nations have dismissed the agreement as insufficient. When asked if the walkout was a protest, Colombia Environment Minister Susana Mohamed told …

As deadline looms, divide over climate pact widens
1 month 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 …

Hopes of trillion dollar climate fund dim at Cop29 after developed countries fail to offer commitment
1 month ago

Hopes of trillion dollar climate fund dim at Cop29 after developed countries fail to offer commitment

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. “It’s like developed countries are saying the dog ate their homework.” open image in gallery Activists demonstrate for climate …

Cop29: The trillion-dollar question that has left climate summit at an impasse
1 month ago

Cop29: The trillion-dollar question that has left climate summit at an impasse

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 New Collective Quantified Goal on Finance, which will fund the climate disaster and prevention-related costs in developing countries, …

Deadline looms for negotiators seeking a deal for cash to curb global warming
1 month 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
1 month 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. …

Big money to respond to climate change is key to UN talks in Baku. How can nations raise it?
1 month ago

Big money to respond to climate change is key to UN talks in Baku. How can nations raise it?

New Indian Express  

Climate cash could be in the form of loans, grants or private investment Experts put the need closer to $1 trillion, while developing nations have said they'll need $1.3 trillion in climate finance. “That's a big lever,” said Melanie Robinson, global climate economics and finance director at World Resources Institute. For developing nations, the talk of loans brings fear of …

G20 nations reach climate finance breakthrough that eluded COP29 talks: Report
1 month ago

G20 nations reach climate finance breakthrough that eluded COP29 talks: Report

India Today  

Diplomatic tensions over global warming spilled over into the G20 summit negotiations in Brazil this week, with sources saying the 20 major economies reached a fragile consensus on climate finance that had eluded UN talks in Azerbaijan. G20 countries account for 85% of the world's economy and are the largest contributors to multilateral development banks helping to steer climate finance. …

Negotiations over climate finance remain deadlocked at UN summit
1 month, 1 week ago

Negotiations over climate finance remain deadlocked at UN summit

Hindustan Times  

With just days remaining at the COP29 climate talks in Baku, negotiations over climate finance remain deadlocked, with developed and developing nations still far apart on both the scale of funding and its fundamental structure, even as Argentina’s withdrawal from the talks casts a shadow over global climate cooperation. Experts say Harjeet Singh, Climate Activist and Global Engagement Director for …

Countries at COP29 urged to invest trillions to cope with climate change
1 month, 1 week ago

Countries at COP29 urged to invest trillions to cope with climate change

Al Jazeera  

Countries need to invest more than $6 trillion per year by 2030 to tackle the effects of climate change or risk having to pay more in the future, according to report by an independent panel of experts at a United Nations climate summit. “Investments in all areas of climate action must increase across all economies,” said the report published on …

UN chief expects nations to meet climate finance goal
1 month, 1 week 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 …

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

Why are countries fighting over money at COP29 climate summit?

India Today  

The United Nations' COP29 climate summit, currently underway in Baku, Azerbaijan, has brought together representatives from nearly 200 countries with a primary goal of brokering a landmark climate finance deal. However, the recent US election results have cast a shadow over the talks, with concerns that a potential Trump administration could halt US climate finance contributions, potentially shrinking the overall …

UN chief expects nations to meet climate finance goal
1 month, 1 week 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 …

World leaders urged to fund anticipatory climate actions
1 month, 1 week ago

World leaders urged to fund anticipatory climate actions

China Daily  

A night view shows the venue of the United Nations climate change conference, known as COP29, in Baku, Azerbaijan, Nov 11, 2024. As global leaders convene for the UN Climate Change Conference, or COP29, in Azerbaijan's capital Baku, an NGO has warned of increasing climate-driven disasters that are disproportionately affecting Africa. In a statement published on Monday, the IRC said …

Aid cuts, but trade boost: How Trump presidency could affectAfrican nations' relationship with US
1 month, 2 weeks ago

Aid cuts, but trade boost: How Trump presidency could affectAfrican nations' relationship with US

Firstpost  

Trump’s foreign policy reputation suggests a possible pivot to transactional, rather than partnership-based, approaches to Africa. In a sign of what could be renewed relations under Trump’s administration, Uganda’s parliamentary speaker, Anitah Among, declared that “the sanctions are gone,” exuding optimism about relaxed US scrutiny on Uganda’s human rights record. However, while some African leaders view Trump’s return as an …

South Africa Calls for New Collective Climate Finance Goal at COP29
Trending News
1 month, 2 weeks ago

South Africa Calls for New Collective Climate Finance Goal at COP29

China Daily  

South Africa is seeking a new, additional, predictable, accessible, and adequate (QGA) goal on climate finance at the upcoming UN Climate Change Conference (COP29). The goal should support developing countries' transition to low-carbon and climate-resilient development, while ensuring that developed countries provide adequate funding and technical assistance to support developing countries' efforts.

South Africa Calls for Ambitious Climate Finance Goal at COP29
1 month, 2 weeks ago

South Africa Calls for Ambitious Climate Finance Goal at COP29

China Daily  

South Africa seeks a new, additional, predictable, accessible, and adequate (QGA) goal on climate finance at the upcoming UN Climate Change Conference (COP29) in Baku, Azerbaijan. The goal should support developing countries' transition to low-carbon and climate-resilient development, while ensuring that developed countries provide adequate funding and technical assistance to support developing nations' climate efforts.

Immediate Action Needed: Focus on Cooling and Decentralized Renewable Energy for Climate Adaptation
1 month, 3 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 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 …

G20 environment ministers back funding for forest conservation
2 months, 2 weeks ago

G20 environment ministers back funding for forest conservation

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. Please try again later {{ …

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, …

World Bank President in Tuvalu says youth skills key to climate change plan
3 months, 2 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 …

UN draft: Developing nations expect trillions for climate mitigation efforts
3 months, 3 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. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} Largely, the principle lays down that developed countries have contributed more to global greenhouse gas emissions historically and are therefore …

UN draft: Developing nations expect trillions for climate mitigation efforts
3 months, 3 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, …

UN climate talks leader says financial help for poor nations is urgent goal of negotiations
5 months, 1 week ago

UN climate talks leader says financial help for poor nations is urgent goal of negotiations

Associated Press  

The head of upcoming climate negotiations told world leaders Wednesday that a new financial aid package for poor and disaster-struck nations is the urgent, make-or-break goal of United Nations talks this fall. “Beryl is yet more painful proof,” Stiell, executive secretary of the UN’s climate agency, said from the remnants of a neighbor’s house that had lost its roof and …

Kenyan president warns debt clouds Africa climate potential
7 months ago

Kenyan president warns debt clouds Africa climate potential

Hindustan Times  

Africa's vast potential in the global fight against climate change is at risk due to the heavy burden of debt and lack of international investment, Kenyan President William Ruto said Thursday. Kenyan president warns debt clouds Africa climate potential On a state visit to Washington, Ruto highlighted how Kenya already generates some 90 percent of energy from renewables and said …

Next UN climate talks are critical to plot aid for poorer nations, says incoming president
8 months ago

Next UN climate talks are critical to plot aid for poorer nations, says incoming president

Associated Press  

WASHINGTON — The man who will run United Nations climate talks this November views the negotiations as a key link in international efforts to curb global warming. The conference in Baku, Azerbaijan, must build on last year’s successful agreement to transition away from fossil fuels, said Mukhtar Babayev, Azerbaijan’s environment minister who will serve as conference president of the talks …

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

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

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US 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. Please try again later {{ /verifyErrors …

Private sector holds key to climate finance
9 months 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 …

Greening Africa
9 months, 2 weeks ago

Greening Africa

China Daily  

WANG XIAOYING/CHINA DAILY China's green cooperation with the continent will help address climate change and contribute to the construction of a high-quality community with a shared future With the highest concentration of developing countries, Africa is the continent that is most visibly affected by climate change, although African countries account for only about 4 percent of total global carbon emissions, …

Real solutions to climate change in Africa are about people, not profit
9 months, 3 weeks 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 …

UN climate chief’s blunt message: Fewer loopholes, way more cash to really halt climate change
10 months, 3 weeks ago

UN climate chief’s blunt message: Fewer loopholes, way more cash to really halt climate change

Associated Press  

To keep Earth from overheating too much, the nations of the world need to put fewer loopholes in climate agreements and far more money — trillions of dollars a year — into financial help for poor nations, the United Nations climate chief said Friday. “We need torrents — not trickles — of climate finance.” United Nations climate officials emphasized the …

Heard at UN climate talks: Quotes that tell the story
1 year ago

Heard at UN climate talks: Quotes that tell the story

Associated Press  

DUBAI, United Arab Emirates — Over 14 days of U.N. climate talks, delegates from nearly 200 countries debated, made proposals, lobbed criticisms and did their best to convince each other how best to stop the planet from warming at a dangerous pace. __ “At the start of COP27 in Egypt last year, many people said it wouldn’t be agreed, let …

Why Cop28 barely scratches the surface on the cost of climate change
1 year 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” – …

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

Global warming could cost poor countries trillions. They’ve urged the COP28 climate summit to help
1 year ago

Global warming could cost poor countries trillions. They’ve urged the COP28 climate summit to help

Associated Press  

DUBAI, United Arab Emirates — A prominent developing-world leader on the issue of climate change said Monday that global taxes on the financial services, oil and gas, and shipping industries could drum up hundreds of billions of dollars for poorer countries to adapt and cope with global warming. The U.N. climate summit known as COP28, which is being presided over …

Developing nations press rich world to better fight climate change at U.N. climate summit
1 year ago

Developing nations press rich world to better fight climate change at U.N. climate summit

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. Please try again later {{ …

On 1st day, UN climate conference sets up fund for countries hit by disasters like flood and drought
1 year ago

On 1st day, UN climate conference sets up fund for countries hit by disasters like flood and drought

Associated Press  

DUBAI, United Arab Emirates — The world just took a big step toward compensating countries hit by deadly floods, heat and droughts. Sultan al-Jaber, the president of the COP28 climate conference in Dubai, hailed “the first decision to be adopted on Day One of any COP” — and said his country, the United Arab Emirates, would chip in $100 million. …

In victory on first day, U.N. climate conference sets up fund for disaster-hit nations
1 year ago

In victory on first day, U.N. climate conference sets up fund for disaster-hit nations

LA Times  

Protesters call for compensation for countries hit badly by climate change at last year’s United Nations summit in Sharm el-Sheikh, Egypt. Nearly all the world’s nations finalized the creation of a fund to help compensate countries struggling to cope with loss and damage from climate change, seen as a major first-day breakthrough at this year’s United Nations climate conference. Rachel …

What is Africa’s goal at COP28 as the climate summit begins?
1 year ago

What is Africa’s goal at COP28 as the climate summit begins?

Al Jazeera  

As the 28th edition of the Conference of the Parties, the world’s foremost climate summit, begins in the United Arab Emirates on November 30, Africa is grappling with some of the deadliest impacts of a heating planet. “Africa is vulnerable when oil prices crash, and that confirms what the activists are saying and whether we like it or not industry …

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

Impasse broken on climate fund before COP28 but tough road ahead
1 year, 1 month ago

Impasse broken on climate fund before COP28 but tough road ahead

The Hindu  

The fifth meeting of a 24-member U.N. committee tasked with designing the fund concluded in Abu Dhabi over the weekend, with support for a “take-it-or-leave-it” deal that would make the World Bank the interim home of the fund and encourage - but not oblige - all countries to contribute to it. It would aim to divert billions of dollars towards …

As climate threats grow, poor countries still aren't getting enough money to prepare
1 year, 1 month 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 …

Countries deadlocked on 'loss and damage' fund as UN climate summit nears
1 year, 2 months ago

Countries deadlocked on 'loss and damage' fund as UN climate summit nears

The Hindu  

Countries are deadlocked over how to design a fund to help countries recover and rebuild from climate change-driven damage, with just over 30 days left before crucial United Nations climate negotiations kick off in Dubai. Two dozen countries involved in a committee tasked with designing a "loss and damage" fund wrapped up the last meeting in the early hours of …

IMF and World Bank are urged to boost funding for African nations facing conflict and climate change
1 year, 2 months ago

IMF and World Bank are urged to boost funding for African nations facing conflict and climate change

Associated Press  

ABUJA, Nigeria — Many poor countries in Africa face the harshest effects of climate change: severe droughts, vicious heat and dry land, but also unpredictable rain and devastating flooding. During a panel in Marrakech this week, IMF economist Daniel Lee said the organization is “mainstreaming climate change in policy advice, capacity development and lending.” He did not detail the size …

IMF and World Bank pledge Africa focus at first meetings on the continent in 50 years
1 year, 2 months ago

IMF and World Bank pledge Africa focus at first meetings on the continent in 50 years

Associated Press  

MARRAKECH, Morocco — In the shadow of a deadly earthquake in Morocco that caused nearly $12 billion in damage, the world’s most powerful economic policymakers said they would focus on Africa as they work to grow and stabilizing the global economy during times of war, inequality and climate change. Though the policies often intend to prevent countries from defaulting, keeping …

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