Climate Change Finance

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.

Vulnerable Countries Need Action on Loss and Damage Today and Not at COPs To Come

In March 2023, more than 600 people died in Malawi after Tropical Cyclone Freddy dumped heavy rain, flooding the southern part of the country, displacing over half a million people, and damaging property and livelihoods.

World Leaders, Private Sector Urged to Establish an International Green Bank to Win Climate Change Battle

As the effects of climate change escalate and natural disasters such as earthquakes, floods, and droughts become more frequent and severe, threatening lives and livelihoods, humanity is losing the climate battle.

Pakistan’s 10 Billion Dollar Flood Funding Question

Terming the recent international donors’ conference held in Geneva a “success” after Pakistan was able to secure 10 billion US dollars, Prime Minister Shehbaz Sharif has promised “every penny” of the pledges will be used towards rehabilitation of flood-hit people.

Biodiversity Agreement Historic But Difficult to Implement

The pillar coral (Dendrogyra cylindrus), which takes its name from its shape, is found throughout the Caribbean Sea, but its population has declined by more than 80 percent since 1990. As a result, the International Union for Conservation of Nature (IUCN) has listed it as "critically endangered" due to the effects of the human-induced climate crisis.

Loss and Damage Fund Saves COP27 from the Abyss

They were on the brink of shipwreck and did not leave happy, but did feel satisfied that they got the best they could. The countries of the global South achieved something decisive at COP27: the creation of a special fund to address the damage and loss caused by climate change in the most vulnerable nations.

COP27: Historic Loss and Damage Fund Takes COP27 to the Edge

After a tense impasse and many hours of negotiations, almost 200 countries struck a deal to set up a loss and damage fund to assist nations worst hit by climate change – a demand considered not-negotiable by the developing countries.

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