Climate Change Finance

Latin America Heads to COP28 with Insufficiently Ambitious Goals

Throughout 2023, Latin America has suffered heat waves, long, intense droughts, destructive floods and devastating hurricanes - phenomena related to the effects of a climate crisis derived mostly from the burning of fossil fuels.

Africa Will Not Cope with Climate Change Without a Just, Inclusive Energy Transition

A just transition should be viewed as an opportunity to rectify some of the wrongs where women are not prioritised in the energy mix, yet their experience of the impact of climate change is massive, says Thandile Chinyavanhu, a young South African-based climate and energy campaigner with Greenpeace Africa.

COP28: Strengthen Climate Resilience in Small and Vulnerable Countries

With a focus on strengthening the resilience of small and vulnerable member countries, Unnikrishnan Nair says the Commonwealth Secretariat is working to align development and climate finance for maximum impact.

Indigenous Voices and Food Systems Lead the Way at COP28

In a groundbreaking development, indigenous farmer communities are poised to bring the spotlight onto food systems at the upcoming UN Climate Conference (COP28) in Dubai.

Smallholder Farmers Gain Least from International Climate Funding

Smallholder farmers from the Global South benefit from a grossly disproportionate 0.3% of international climate finance despite producing a third of the world's food and despite holding the key to climate-proofing food systems.

Time to Convert Climate Change Rhetoric into Action, Says WFP’s Gernot Laganda

It is crucial to narrow the gaps and ensure that climate finance goes to where people are most vulnerable, says Gernot Laganda, Director of Climate Change Adaptation and Disaster Risk Reduction at the United Nations World Food Programme (WFP)—especially as the most fragile states only receive USD 2.1 per capita while non-fragile states receive USD 161.

Carbon Market Greenwashing Systems Deepen Inequalities in Global South – Experts

Somalia, Syria, DRC Congo, Afghanistan, Yemen, Chad, South Sudan, Central African Republic, Nigeria, and Ethiopia are the 10 countries at greatest risk of climate disaster globally despite collectively contributing just 0.28 percent of global CO2 emissions. A climate-induced humanitarian crisis continues to unfold across these countries and many others in the global South, including Kenya, which declared drought a national disaster in September 2021.

Fast-Track Climate Resilience Building of Small and Vulnerable Nations Ahead of COP28

As the countdown to COP28 in Dubai, United Arab Emirates, continues, IPS caught up with Dr Oldman Koboto, Mauritius-based Manager for the Commonwealth Climate Finance Access Hub (CCFAH).

Communities Taking a Sting Out of Poaching With Alternative Livelihoods

As we approach the forest in the village to appreciate Andrew Mbewe’s beekeeping enterprise, a bee from a hive close to the edge of the natural woodland stings him on the cheek.

Insider Exposé of ESG Greenwashing

A senior manager of the world’s largest investment firm has ‘blown the whistle’ on ESG (environment, social and governance) ‘greenwashing’, especially on supposed climate finance.

Zimbabwe’s Food Security Ambitions in El Niño’s Crosshairs

Zimbabwe is riding a wave of food security assurances after what officials said was last year’s bumper grain harvest, but recent El Niño forecasts could test the country’s agriculture production ambitions.

UN Meets on Effective Responses to Loss and Damage Ahead of COP28

African countries are increasingly in the eye of deadly climate-induced disasters. Recent devastating extreme events include intense shattering earthquakes in Morocco, followed shortly by catastrophic floods in Libya this September that left 11,300 people dead, according to Libya’s Red Crescent.

World’s Richest Countries Must Set More Ambitious Climate Change Goals, Report Finds

Individually and collectively, member countries of the G20 are falling far behind in their greenhouse gas reduction goals and are failing to make the significant cuts on emissions that would be needed to keep global temperatures low, despite possessing the technological and financial capabilities for reducing emissions.

Africa Finds Common Ground on Climate as Nairobi Declaration Unveiled

To cool down a burning planet, Africa’s Head of State and Government at the inaugural Africa Climate Summit unveiled the ‘Nairobi Declaration’ as curtains fell on the inaugural Africa Climate Summit held in Nairobi, September 4-6, 2023, under the theme “Driving Green Growth and Climate Finance Solutions for Africa and the World.”

Toothless Global Financial Architecture Fuelling Africa’s Climate Crisis

As thousands convene in Kenya’s capital, Nairobi, for the Africa Climate Summit, the first time the African Union has summoned its leaders to solely discuss climate change under the theme ‘Driving Green Growth and Climate Finance Solutions for Africa and the World’, the backdrop is a country on the frontlines of a climate crisis.

‘I am because you are’ – Climate Justice Through the Spirit of Ubuntu

The Africa Climate Summit 2023 is expected to start with renewed hope. In its 60+ years of post-independence history, Africa has contributed around 3% of Green House Emissions, accounts for approximately 2.6% of global trade, and less than 3% of the world’s GDP in 2021.

Climate Justice Delayed, Is Justice Denied

The failure to tackle the climate change crisis is an injustice to the millions who have lost lives and livelihoods through floods, extreme weather, and wildfires, pointing to the urgency of adaptation and mitigation finance, experts say.

Biodiversity Credits: Solution or Empty Promise for Latin America?

Located in northwestern Colombia, the Bosque de Niebla is home to 154 species of plants, 120 bird species, 21 species of mammals, 16 water springs and five hectares of wetlands.

Forus Civil Society Network Urges that Respect for Human Rights, Climate Justice and Accountability should be at the core of the New Global Financing Pact

As the Summit for a New Global Financing Pact unfolds in Paris on 22-23 June, Forus, a global network representing over 22,000 civil society organisations across Africa, Latin America, Asia, Europe and the Pacific, calls for the respect of human rights and for meaningful inclusion of civil society in shaping financial systems and structures.

Negotiations Must Accelerate Climate Action and Save Vulnerable Countries

Vulnerable countries, banking on robust climate negotiations, want an inclusive funding package to help them with the devastating impacts of climate change. The poor progress at the 2023 Bonn Climate Change Conference, known as the 58th session of the Subsidiary Bodies of the United Nations Framework Convention on Climate Change (UNFCCC), has dampened hopes for successful climate negotiations at COP 28.

Kenya Moots Disbanding the Loss and Damage Fund, Seeks Fair Equitable Climate Action

The Climate Change envoy to the President of Kenya has asked Kenya’s and, by extension Africa’s negotiators at the ongoing climate conference in Bonn, Germany, not to put much emphasis on financing the Loss and Damage kitty but instead calls for fairness and equity.

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