Climate Finance
latest news & developments
UN climate chief calls for faster action as Bonn climate talks begin
Opening the UN’s mid-year climate talks in Bonn, Simon Stiell urged governments to focus on implementing climate commitments, warning that fossil fuel dependence was driving…
Iran war triggers global shockwaves across energy, food and finance systems, analysts warn
The US-Israel war on Iran is sending shockwaves through global energy, food and financial systems, exposing deep structural vulnerabilities in the world economy, according to the…
Spekboom restoration at centre of $120m World Bank climate bond
The World Bank has priced a $120m spekboom restoration bond in South Africa’s Eastern Cape, linking investor returns to ecosystem recovery
COP30: Nations chose unity, science and economic common sense amid ‘stormy political waters’
Countries are ‘still in the climate fight’, the United Nations climate chief Simon Stiell said
COP30 launches global forest finance facility amid indigenous rights concerns
Indigenous groups and NGOs caution that the facility risks becoming another top-down market mechanism that benefits investors more than the forests themselves
Off target: Unep warns that the world is still falling short of the Paris climate goals
A decade after the Paris Agreement united countries behind the goal of limiting global warming to well below 2°C, the latest Emissions Gap report from the United Nations…
Fate of Zimbabwe’s Kariba REDD+ forest conservation project hangs in the balance
Kariba REDD+ has been prevented from trading after allegations of mismanagement and corruption
Global cities call for $800bn in climate finance at first African Urban20 summit
Urban leaders call for multilevel governance, affordable housing and zero-emission transport to drive sustainable urban futures
Reduce Africa’s dependency on climate aid finance to ensure a sustainable future
Digital sustainable finance is key to mobilising private funding as Africa’s climate transition faces a major hurdle with aid often as loans increasing debt
Rebooting the global financial system will pay dividends in Africa
Transforming the world’s monetary policies would benefit African cities and the continent’s public development banks have a key role to play
G20 finance track calls for IMF reform, revitalising the World Trade Organisation, inclusive global growth
The need to ensure the independence of central banks was also one of the key recommendations from South Africa’s G20 finance track
South Africa must take the lead in pan-African climate solidarity
Changes in funding show how precarious Africa is in its reliance on foreign aid and the pressing need to find alternatives to ensure economic and climate resilience
South Africa’s G20 presidency an opportunity to reshape the global energy narrative
A strong presidency would establish mechanisms for accountability, ensuring that promises made during G20 summits translate into measurable progress
Unified African voice needed at COP29
The continent must also ignore the dangled carrot of small bits of money for carbon forests or just transitions, said Fadhel Kaboub, a senior adviser at Power Shift Africa
The second week of COP29 needs to reach funding commitments
There is an air of impatience as talks on finance hit a stalemate