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Libby George

FILE PHOTO: An iceberg breaks up after drifting south on the Labrador Sea from Greenland in Saint Lunaire-Griquet, Newfoundland, Canada, May 27, 2024. REUTERS/Greg Locke/File Photo
BusinessClimateClimate FinanceEconomyEmissionsEnvironmentFinanceNewsRegulationsTrade

IFC says world must urgently streamline green bond ‘taxonomies’

World Bank calls for unified green bond definitions to secure funds for the green transition, amid concerns over US policy shifts.

FILE PHOTO: Republican presidential nominee and former U.S. President Donald Trump looks on during a press conference at Trump Tower in New York City, U.S., September 6, 2024. REUTERS/David Dee Delgado/File Photo
AnalysisBusinessEconomyOilPoliticsRegulationsTrade

Trump’s low oil price promise is a risk and a boon for emerging markets

Trump’s pledge to halve energy costs sparks hope for oil importers but threatens fiscal turmoil for producers reliant on exports.

FILE PHOTO: Blacktip sharks swim off Santa Cruz Island, part of the Galapagos Islands, Ecuador.   Picture taken January 16, 2022. REUTERS/Santiago Arcos/File Photo
BiodiversityClimate FinanceEconomyEnvironmentIndigenousNewsPoliticsResiliency

Ecuador nature deal scrutiny has not slowed work on debt swaps, IDB says

An enquiry into Ecuador's debt-for-nature swap has not slowed work on the instruments, president of the Inter-American Development Bank said.

FILE PHOTO: Colombian Minister of Foreign Affairs Luis Gilberto Murillo speaks during an interview with Reuters in Bogota, Colombia May 25, 2024. REUTERS/Luisa Gonzalez/File Photo
BiodiversityClimateEconomyEnvironmentNewsPoliticsRegulationsResiliency

Colombia in talks with Germany over debt-nature swaps, minister says 

Colombia last month launched a new investment portfolio for its climate adaptation plans, which it hopes will attract some $40 billion.

Vehicles queue to purchase fuel at a retail station in Lagos, Nigeria August 6, 2024. REUTERS/ Francis Kokoroko
AnalysisEconomyFuelIn-DepthOilPolitics

Analysis: In deluge of protests, fuel subsidies prove hard to abolish

High costs without fossil fuel subsidies provoke anger from citizens around the world, leaving governments to continue footing the bill.

FILE PHOTO: Climate activists participate in a protest demanding economic and climate liberation in Nairobi Kenya, May 25, 2024. REUTERS/Monicah Mwangi/File Photo
News

Former finance chiefs call for debt reworks to enable climate spending

Group of former emerging world finance chiefs pushing to incorporate external shocks and climate change into debt sustainability calculations

NewsPoliticsResiliency

Debt costs mean climate spending could push nations near insolvency

The report found 47 developing countries would hit external debt thresholds, as defined by the IMF, in the next five years if they...

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