Climate Change Finance

Food, Water, Crime, Climate Change: CARICOM Leaders Begin 48th Conference with Commitment to Joint Action on Critical, Common Concerns

Leaders of the Caribbean Community (CARICOM) are meeting in Bridgetown from Feb. 19-21, as the world grapples with multiple crises, including escalating geopolitical conflicts, climate change and rising food insecurity.

Shaping Conditions for Fair, Equitable and Enduring Climate Finance 

The global commitment to fair climate finance is at a crossroads. COP29 concluded with a disappointing New Collective Quantified Goal on Climate Finance (NCQG), leaving developing nations at risk of being left behind. With the U.S. withdrawing from the Paris Agreement and slashing development aid, prospects for more ambitious fair climate finance are getting out of sight.

Who Will Save Nigeria’s Coastal City on the Brink of Extinction?

In 2021, Ojajuni Olufunsho, a 53-year-old resident of Ayetoro, a town along the Atlantic coast, southwestern Nigeria, saw her home swept away by the encroaching sea. What was once a spacious 10-room house, a sanctuary for Olufunsho and her five children, was swallowed by the relentless force of rising sea waters.

The Climate Crisis as a Diplomatic Battlefield

The climate crisis, a defining challenge of the 21st century, is not just an environmental issue; it is increasingly a critical arena for international diplomacy. From intense negotiations at COP summits to the politics of energy transitions and resource control, climate change is shaping the geopolitical landscape.

Small Island States Put Faith in International Court’s ‘Wayfinding’ Advisory Opinion

The “crazy, weird and at some point (what seemed like) insurmountable” plan to ask the International Court of Justice for an advisory opinion on the obligations of UN member states regarding climate change was a success, Vishal Prasad, a representative for the. Pacific Islands Students Fighting Climate Change (PISFCC) said at a post-hearing press conference today (December 13).

‘We Will Not Go Quietly Into the Rising Sea,’ Tuvalu Tells International Court of Justice

Rising sea level caused by greenhouse gas emission-fueled climate change is threatening existence in coastal communities and island nations. At the International Court of Justice (ICJ), on Thursday, December 12, 2024, small island states, including Tuvalu and a Pacific-based fisheries agency detailed their ongoing existential threats caused by the climate change-induced sea level rise and impacts on fishery-based livelihood.

Once Scattered by Colonialism, Today United in Urgent Pursuit of Climate Justice

The Seychelles consider the ongoing public hearings at the International Court of Justice (ICJ) both timely and critical “for the people of the small island developing state in the middle of the Indian Ocean,” Flavien Joubert, Minister for Agriculture, Climate Change and Environment of the Seychelles, told the court today.

Pacific Community Calls Out Urgency of Climate Loss and Damage Finance for Frontline Island Nations

Advancing development of the new Climate Loss and Damage Fund was a key call by Pacific Island nations at the COP29 United Nations Climate Change Conference being held in Azerbaijan in November. For Pacific Island Countries and Territories, the fund represents a critical step towards addressing what they consider a gross climate injustice: despite contributing less than 0.03 percent of global greenhouse gas (GHG) emissions, they bear the brunt of climate change's devastating impacts.

Climate Change’s Dire Consequences Laid Bare at International Court of Justice Hearings

At the International Court of Justice on Tuesday, December 4, 2024, Brazil called for climate justice, and Canada urged swift action on the world's "greatest challenge," while China advocated for equity and development rights. These countries are among the 98 that will make presentations during the fortnight of hearings, after which the court will give an advisory opinion.

Small Island States Urge International Court to Look Beyond Climate Treaties

A few UN member states responsible for the majority of emissions have breached international law, Ralph Regenvanu, a special climate envoy from Vanuatu, told the International Court of Justice in the Hague in his opening address.

Youth-Led Landmark Climate Change Case Starts in The Hague

The intersection of law, diplomacy, and science will come under the spotlight at the International Court of Justice hearings starting today (Monday, December 2, 2024) in The Hague as the court starts its deliberations into the obligations under international law of UN member states to protect people and ecosystems from climate change.

Explainer: Why COP29 Baku Outcome is a Bad Deal for Poor, Vulnerable Nations

The culmination of bitter, difficult, and challenging climate negotiations concluded with an announcement from the COP29 Presidency of Azerbaijan of the "agreement of the Baku Finance Goal—a new commitment to channel USD1.3 trillion of climate finance to the developing world each year by 2035." This is on top of the USD 300 billion that the developed world is to extend to developing nations annually by 2035.

Can Pay, Won’t Pay—COP29 Outcome Far from Promised Historic Deal of a Lifetime

They say it is taboo to talk about money. But this is exactly what developing countries came for: to haggle and push for the climate finance deal of a lifetime, as the climate crisis is, for them, a matter of life and death. Wealthy nations also came for their own deal of a lifetime—to hoist the climate finance burden on the private sector as they take the bare minimum financial responsibility.

Insights From Negotiator into How COPs Move Needle Towards Healthy, Liveable Planet

Every year, the Conference of the Parties creates a global milestone for the climate movement, setting new standards and advancing action towards a net-zero planet to sustain all life on earth. COPs provide a platform for the global community to agree on what it would take to restore planet Earth and the contributions that all signatories to the Paris Agreement should make.

Explainer: Green Climate Fund Draft Negotiations at COP29

The Green Climate Fund (GCF) negotiations brought attention to the progress, challenges, and future strategies for enhancing its effectiveness in fostering a just and sustainable energy transition.

UN’s OCHA Calls to Correct the Imbalance in Climate Finance Allocation

As climate-induced disasters continue to wreak havoc worldwide, the Office for the Coordination of Humanitarian Affairs (OCHA), a UN body specializing in emergency response, has issued a clarion call for an ambitious and fair global climate finance goal at COP29. Greg Puley, Head of the Climate Team at OCHA, highlighted the pressing need for enhanced disaster risk reduction and climate resilience measures, particularly in vulnerable and conflict-affected regions.

Science Ignored, Promises Delayed: Bangladesh’s Environment Minister Expresses Dismay Over COP29 Outcomes

Syeda Rizwana Hasan, an adviser to the interim government of Bangladesh and as Minister of Environment, Forestry, and Climate Change, urged the global and regional leaders to prioritize ambitious, evidence-based climate targets in the climate negotiations.

Hydrogen, Nuclear, and Green Zones: Bold Pledges at COP29

As the world intensifies its fight against climate change, the clean energy transition—shifting from fossil fuels to renewable sources—has become a linchpin for sustainable development.

Brazil Vows to Make COP30 a Catalyst for Climate Action and Biodiversity Celebration

As Brazil gears up to host COP30 in Belém next year, Moisés Savian, the country's Secretary of Land Governance, Territorial and Socio Environmental Development, outlined the event's significance in showcasing Brazil's environmental policies and fostering global collaboration.


Signs of Things to Come As COP29 Presidency Releases New Draft Text

Today the COP29 Presidency released a much-awaited new draft text as the end draws near.


It’s a Deal—Wealthy Nations Pledge Not to Build New Unabated Coal-Power Plants

Of all fossil fuels, coal has had the most serious and long-term effects on global warming. When burnt, coal releases more carbon dioxide than oil and gas, producing an estimated 39 percent of the global carbon dioxide emissions. Yet, coal is still the number one energy source, providing nearly 40 percent of the world’s electricity.


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