Climate Change Finance

COP29 Focus On Climate Migration as Hotter Planet Pushes Millions Out of Homes

Migration is growing as the planet gets even hotter. Climate change is fuelling a migration crisis and millions of people in vulnerable nations are continually being uprooted from their homes. The climate and migration nexus are undeniable and the global community has turned to the Baku climate talks for urgent and sustainable solutions.

Saint Kitts and Nevis: Leading the Charge for Climate Justice, Renewable Energy

At COP29, Saint Kitts and Nevis, the smallest independent nation in the Western Hemisphere, stands as a beacon of climate action and renewable energy ambition.

Pakistan’s Climate Minister Pitches for ‘Climate Diplomacy’ at COP29

Romina Khurshid Alam, the Coordinator to the Prime Minister of Pakistan on Climate Change, praised the resilience of the people of her country in the face of climate disasters and has put her faith into diplomacy to achieve climate justice.

Qatar Committed to Achieving Nationally Determined Contributions by 2030

As global leaders gather at COP29 to address the urgent challenges posed by climate change, Saad Abdulla Al-Hitmi, Director of the Climate Change Department at the Government of Qatar, highlighted the nation’s ambitious goals in an interview with IPS, stressing its commitment to balancing environmental stewardship with economic growth.

Money Talks: Why COP29 New Collective Quantified Goal on Climate Finance Matters

The industrial revolution set the ball rolling towards global warming. Today, developing nations are on the frontlines of a climatic carnage and its snowballing effects. Developed nations bear a financial responsibility to provide climate finance to developing nations, as financing the transition to a low-carbon economy is an urgent, critical matter.

Explainer: Taxes on Cryptocurrencies and Plastics To Boost Climate Finance

The global climate aid fund is not the only option discussed at the World Climate Change Conference (COP29). Imposing a new tax on cryptocurrencies and the plastics industry could help close the money gap needed to address the impacts of climate change, especially in the countries of the Global South.

Survival at Stake: Caribbean Calls For Just, Fair Financing For Small Island States at COP

Communities living in Small Island Developing States (SIDS) pay the price of climate change in lives, livelihoods, and stunted sustainable development.  Representatives from Caribbean islands have repeatedly expressed this ongoing concern at COP29.

Rebuilding Trust, Dialogue, Collaboration Key to COP29’s Success, Says Barbados Minister

"This Finance COP has to deliver. I think this is a crucial moment for the COP process," said Shantal Munro-Knight, Barbados Minister in the Prime Minister’s Office. Barbados, a nation at the forefront of climate advocacy, continues to push boundaries at COP29, the so-called Finance COP. Knight shared her views on the state of negotiations, the urgency of climate finance, and the innovative solutions her country is championing.

COP29 Must Set New Global Climate Finance Target, Says UNDP Adaptation Head

Empowering communities, fostering innovation and integrating socio-economic contexts into climate strategies are crucial for effective adaptation to climate change, says Srilata Kammila, Head of Climate Change Adaptation at the United Nations Development Programme (UNDP). In an exclusive interview with Inter Press Service, Kammila shed light on the agency’s pioneering approaches to locally-led climate adaptation.

Youth Protest at COP29: ‘We Will Not Standby to Inherit Dead Planet’

“We cannot rely on capitalistic logic to serve our fight for liberation. More investments will not build houses after floods because it's not profitable. Corporations will not overthrow the industrial-agricultural complex that is completing our assault.”

Breakthroughs, Setbacks in COP29’s First Week of Ambitious Pursuit of Climate Consensus

It has been a high-profile packed agenda in Baku, Azerbaijan, marked by milestone events designed to complete the first enhanced transparency framework and the new collective quantified goal on finance, among other top priority matters.

Climate Finance Loans a Disaster for Climate-Burdened African Communities

African environmental activists at the ongoing climate summit (COP29) in Baku have called on climate financiers to stop suffocating poor countries with unbearable loans in the name of financing climate adaptation and mitigation on the continent.

Robust Negotiations Still Needed to Push Rich Countries to Honor Financial Commitments

The irony is that whatever the stakes, finance always features as the “crying onion” at each COP. Hence for the COP29, dubbed the finance COP, no wonder we reach an ocean of tears—especially in view of the current geopolitics, when the world is facing the likelihood of having its historically biggest financial contributor on climate pull out.

Africa’s Demands: Continent’s COP29 Irreducible Minimums Amid Release of First Draft Text

As expected, climate finance has taken center stage in Baku COP29 in a bid to renew the global focus on finance as a means to transform climate ambitions into tangible, sustainable action. 

COP29 Negotiators Urged to Define Financial Path to Education for Climate-Affected Children

Directly destroying schools and learning materials, climate shocks are increasingly taking away the right to education. A staggering 400 million students globally experienced school closures from extreme weather since 2022. As COP29 negotiations deepen, defining a sustainable financial path to learning for vulnerable children, particularly those caught up in crises and conflict, is critical and urgent.

COP29: African Countries Must Wake Up from ‘Distributed Carbon Emission Guilt’ to People-Centered Climate Action

Global warming is no longer just an issue for the environment but a crisis of life itself. Yet, African governments’ climate action strategies, specifically those submitted under the Nationally Determined Contributions (NDCs), remain disproportionately focused on emission reductions—an approach that fails to address the most pressing health needs of African communities. For many Africans, it’s hard to explain why their leaders prioritize reducing emissions, which are rather low and insignificant when the immediate threat of climate change is not their carbon footprint but their vulnerability to its effects.

‘Show Me the Money’—Grenada PM Calls for Climate Justice

"Though I come from a 'no worries' island, climate change is deeply worrisome for us," Grenada's Prime Minister Dickon Mitchell told IPS in an exclusive interview at COP29 currently underway in Baku, Azerbaijan. Asked how his country was recovering from Hurricane Beryl, Mitchell said the island in the last 24 hours “experienced flash flooding and landslides... So, apart from Hurricane Beryl, we are also dealing with other climate catastrophes.”

Progress as Draft Decision Text for COP29 Presidency’s Top Negotiating Priority Released

Three days into the landmark COP29 conference, the co-chairs of the New Collective Quantified Goal (NCQG) have arrived at a workable basis for discussion on the summit’s top priority goal—a new climate finance goal. The COP29 Presidency says the draft will, moving forward, “guide conversations around potential landing zones and help identify concerns.”

Make Health Top of Climate Negotiations Agenda—Global Climate & Health Alliance

Climate change and its impact on public health hasn't made the top of the agenda even at a forum like the UN Climate Conference, but is should, say the health community. Understanding the gap, more than 100 organizations from across the international health and climate community came together as the Global Climate and Health Alliance and have called wealthy countries to protect people's health by committing to provide climate finance in the order of a trillion dollars annually, in addition to global action with leadership from the highest emitting countries to end the fossil fuel era.

UNDP’s Sustainable Energy Director Calls For Innovative Financial Solutions for Adaptation, Mitigation

Riad Meddeb, Director of the Sustainable Energy Hub at the United Nations Development Programme (UNDP), stressed the urgency of finding innovative financial solutions during COP29.

Countdown Begins in Defining Twelve Days to Historic Global Climate Deal

The 29th session of the Conference of the Parties on climate change has officially kicked off in Baku, Azerbaijan, with the promise of striking yet another historic global climate deal and finance adaptation, gender responsive action and financing, and forgotten issues such as food waste are top on the agenda as every action is as crucial as every fraction in the rise or fall of a Celsius degree.

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