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Climate News

Tensions rise over who will contribute to new climate finance goal

Germany wants all high-emitters, especially among G20 countries, to pitch in. But China and Saudi Arabia say the responsibility lies with developed nations

Peak COP? UN looks to shrink Baku and Belém climate summits

While 84,000 delegates attended COP28 in Dubai, just 40,000-50,000 are expected at COP29 in Baku and COP30 in Belém

Argentinian scientists condemn budget cuts ahead of university protest

Right-wing President Javier Milei has taken an axe to funding for education and scientific bodies, sparking fears for climate research 

Global billionaires tax to fight climate change, hunger rises up political agenda

Brazil and France want the G20 to get behind a global minimum tax on billionaires’ wealth, also backed by IMF chief

Canadian minister vows to fight attempts to weaken plastic pollution treaty

Environment minister Steven Guilbeault accuses “some countries” of slow-walking negotiations, ahead of talks in Ottawa

As donors dither, Indigenous funds seek to decolonise green finance  

Tired of waiting for donor dollars for climate and nature protection to trickle down, Indigenous rights groups are creating new funds to do things differently

World Bank climate funding greens African hotels while fishermen sink

Climate Home reveals that the World Bank Group has counted support for luxury hotels as climate finance, which experts say fails the most vulnerable

SBTi’s rigid emissions rules don’t reflect business reality

The Science Based Targets initiative ignores the good a company’s products do in avoiding planet-heating emissions – only counting those from its operations

UN climate chief calls for “quantum leap in climate finance”

Simon Stiell says far more money is required for developing countries to submit bold new climate plans, which would benefit all economies

European court rules climate inaction by states breaches human rights

European Court of Human Rights says Swiss government violated its citizens’ human rights by not doing enough to curb climate change

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Politics

Spring Meetings can jump-start financial reform for food and climate 

The World Bank and IMF have a big part to play in raising the $3 trillion needed to help countries meet global development goals and the Paris accord

Forest carbon accounting allows Guyana to stay net zero while pumping oil

Experts say UN rules around forests and oil are open to abuse, so that countries like Guyana can claim to be carbon-negative without cutting emissions

Zambia’s fossil-fuel subsidy cuts help climate and kids – but taxi drivers suffer

Under pressure from the IMF, the government has redirected subsidies into education, welfare and debt reduction, leaving fuel-heavy sectors with higher costs

Cancellation of UN climate weeks removes platform for worst-hit communities

The UNFCCC has said it will not hold regional climate weeks in 2024 due to a funding shortfall – which means less inclusion for developing-country voices

What will it take to protect India’s angry farmers from climate threats?

Indebted farmers, facing falling yields and water scarcity, want legally guaranteed price support for more crops – but that may not fix their climate woes

Expectations mount as loss and damage fund staggers to its feet

Demand for finance to pay for the aftermath of climate impacts is rocketing – but progress on getting a new UN loss and damage fund up and running is slow

Climate leaders, oil bosses pitch alternate energy-transition realities

As climate officials prepare the next steps in a globally agreed shift away from fossil fuels, oil and gas executives return fire

UN’s climate body faces “severe financial challenges” which put work at risk

UNFCCC chief Simon Stiell has made an urgent plea to plug the body’s funding gap with government donations

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Finance

Limiting frontline voices in the Loss and Damage Fund is a recipe for disaster

Representatives of groups hardest-hit by the climate crisis say restrictions on their participation at the fund’s first board meeting set a worrying precedent

Will blossom of reform bear fruit? Spring Meetings leave too much to do 

Changes are afoot at the IMF and World Bank – but debt-squeezed developing nations need far faster access to more finance for climate action

Fossil fuel debts are illegitimate and must be cancelled 

The Spring Meetings of the World Bank and IMF are a chance to transform outstanding debts for fossil fuel projects into grants for renewable energy systems

SBTi needs tighter rules on companies’ indirect emissions

Businesses are not required to cut all their value chain emissions in line with a 1.5C warming limit – and allowing offsetting could weaken efforts further

African dismay at decision to host loss and damage advice hub in Geneva

The UN agencies that will run the Santiago Network recommended it should be based in Nairobi but governments have instead chosen the world’s third-most expensive city

Shipping sector pushes to keep emissions-tax cash for itself

The industry and governments’ maritime ministries want a proposed levy on emissions spent on cleaning up shipping, not used for wider climate goals like loss and damage

In Somalia, Green Climate Fund tests new approach for left-out communities

GCF head Mafalda Duarte promises a more proactive plan to bring cash to the most vulnerable countries struggling with climate impacts

Paraguay’s carbon deal with Singapore beset by lobbying, lax rules

UN rules governing bilateral carbon offsetting between governments have yet to be agreed but deals are being done, raising concerns about integrity

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Justice

Indigenous lands feel cruel bite of green energy transition 

Mining companies have been offered a path to sustainability but few are taking it – Indigenous people need to be at the table demanding change

Louisiana communities are suffering from Japan-funded LNG exports

When the Japanese and US leaders meet in Washington, they should back a renewable energy future that will end harm to our health and livelihoods from fossil gas

Tesla EV gigafactory drives Germany’s latest climate justice struggle 

Activists have set up a camp in Grünheide to stop expansion of Tesla’s factory, amid concerns over water, the forest and the wider effects of EV supply chains

Aid watchdog questions UK’s climate finance accounting

Britain has changed how it calculates its international climate aid, boosting its progress towards a 2026 goal without giving vulnerable countries more money

When governments fund fossil fuels, it’s time to take them to court 

A new wave of climate litigation is targeting state institutions that are still providing public finance for fossil fuels, despite pledges to turn off the funding tap

Ecuador’s new president tries to wriggle out of oil drilling referendum

To fund a crackdown against gang violence, Ecuador’s recently elected president Daniel Noboa suggested a moratorium on a vote to ban an Amazon oil drilling project.

Germany and US warn Brazil against using Amazon Fund to pave rainforest road

The Brazilian government wants to tap forest protection funds to pave a major highway. Western donors say that goes against the fund’s rules.

Vietnam charts uncertain coal path as finance falls short

Vietnam’s just energy transition partnership plan has no timeline for retiring coal, as backers offer mainly commercial loans, not grants

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Energy

Companies still missing in action on methane-cutting goals

The farming and fossil fuel industries must help governments cut methane emissions 30% this decade by harnessing existing technologies and changing practices

Fossil fuel industry under pressure to cut record-high methane emissions

New regulations and monitoring advances could turn the tide on methane emissions from oil, gas and coal production this year

Fossil fuel firms seek UN carbon market cash for old gas plants

Fossil fuel companies that built gas power plants more than a decade ago are hoping for rewards from a new carbon credit market

China steps away from 2025 energy efficiency goal

The government aims to cut the amount of energy needed for its economic growth by 2.5% in 2024, putting it far off track for a key five-year climate target

Global energy-related CO2 emissions hit record high in 2023 – IEA

Global emissions from energy rose by 410 million tonnes, or 1.1%, in 2023 to 37.4 billion tonnes, hitting a record hight

Clean, cheap or fair – which countries should pump the last oil and gas?

The world will need oil and gas for a few decades more – and the debate is heating up over who should get to produce and sell it

Despite Cop28 pledge, France keeps fossil fuel subsidies for farmers

France has abandoned plans to phase out tax breaks on agricultural diesel in efforts to appease its increasingly disgruntled farmers

US trade agency backs oil and gas drilling in Bahrain despite Biden pledge

Ex-Im’s financing would boost fossil fuel production in the Gulf state with the construction of over 450 new oil and gas wells

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Land

Nigeria’s path to net zero should be fully lined with trees – and fairness

To meet its pledge of net zero by 2060, Nigeria needs to rein in emissions from deforestation and land use, which equal those from the oil and gas sector

“Two steps forward, two steps back” – Governments off course for forest protection target

While Brazil and Colombia saw forest loss drop, their progress was offset by rises elsewhere

UN climate fund axes Nicaragua forest project over human rights concerns

In its first such move, the Green Climate Fund has pulled out of a project after developers failed to address environmental and social compliance issues

While Europe’s green backlash grows, Poland tells different story

As the backlash against laws protecting nature intensifies across Europe, public pressure has helped push forests centre stage in Poland

Amazon nations to tackle rainforest crime together in donor-funded new office

The $1.8 million Centre for International Police Cooperation will be built in the Brazilian Amazon city of Manaus and funded by the Norwegian-backed Amazon Fund

Shades of green hydrogen: EU demand set to transform Namibia

Backed by the EU, Namibia has a $20 billion plan to export green hydrogen. A secretive tender process raises concerns for nature and citizens.

UK aid cuts leave Malawi vulnerable to droughts and cyclones

After the UK cut short a £52m climate adaptation scheme in Malawi, vulnerable communities saw their livelihoods destroyed by Cyclone Freddy

Forests, methane, finance: Where are the Cop26 pledges now?

Climate Home analysed how highly-publicised commitments are faring two years on from their announcement

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Transport

The EU must take the driver’s seat in fossil fuel-free transport

Transport accounts for a growing share of global emissions. The EU should lead a push for clean travel at home and internationally

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

Some of the world’s biggest cruise companies are claiming to be green, while continuing to use weakly regulated fossil fuels

Dozens of oil & industry lobbyists attended secretive shipping emissions talks

Oil and gas companies like Shell, BP and Equinor were represented at shipping climate talks

The EU lacks ambition on Cop28 renewable targets

The EU’s interpretation of a global renewables target is less ambitious than the Cop28 presidency’s and incompatible with the Paris agreement

Shipping catches up – Climate Weekly

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Pacific “mixed feelings” after compromise on shipping’s climate goals

Climate vulnerable Pacific islands struck a deal with emerging economies worried about the targets’ impact on economic development

Governments set to fail to plot shipping industry course for 1.5C

Despite a strong push from Pacific islands, the latest draft does not improve on targets criticised as not ambitious enough

Shipping set to boost climate targets

A draft agreement, which is subject to change, would target net zero near 2050 and set goals for 2030 and 2040

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Science

Switzerland proposes first UN expert group on solar geoengineering

A draft resolution aimed at creating a space for discussion on sun dimming technologies will be debated at the summit of the UN’s environment body this month

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

While most attention is on fossil fuels, the US is blocking progress on an adaptation playbook, a matter of life or death for many Africans

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

Data shows countries provided $89.6bn in 2021, but funding for adaptation declined.

Talks to boost ‘underfinanced’ climate adaptation split over money

Developing and developed countries are wrangling over whether finance should be included in an adaptation framework to be approved at Cop28

Brazilian government eyes money from Amazon Fund for controversial road

Brazil’s transport ministry plans to bid for money from the Amazon Fund to pave the world’s “most sustainable highway”

Overshoot Commission calls for research into solar geoengineering

Dimming the sun could “complement” emissions cuts, says panel of leaders, while acknowledging concerns about the risks

‘Carbon bomb’ in Argentina gets push from local government

Argentina’s southern city of Sierra Grande started public hearings for a shipping terminal to export from Vaca Muerta, the world’s second largest shale gas reserve

Devastating Beijing floods test China’s ‘sponge cities’

Despite Beijing’s sponge city project, the capital was overwhelmed by recent floods with dozens dying and a new “sponge airport” shut down

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