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Virginia Furness

Activists shout slogans during a protest action at the COP29 United Nations climate change conference, in Baku, Azerbaijan November 23, 2024. REUTERS/Maxim Shemetov
Climate FinanceEmissionsEmissions MarketsNewsPoliticsUnited NationsVoluntary Carbon Markets (VCMs)

COP29 agrees on deal to kick-start global carbon credit trading

Countries agreed on a deal at the COP29 climate conference on Saturday on rules for a global market to buy and sell carbon...

Signage is seen at the JPMorgan Chase & Co. New York Head Quarters in Manhattan, New York City, U.S., June 30, 2022. REUTERS/Andrew Kelly/File Photo
BusinessClimate FinanceFinanceNatural GasNews

JPMorgan gives green energy finance ratio for the first time

Banks are increasingly under pressure from investors to show how they are helping clients in the transition to clean energy.

Blurred individuals walk past a board at the United Nations climate change conference COP29 in Baku, Azerbaijan.
Climate FinanceEmissionsEnvironmentFuelNews

Development bank financing pledge gives COP29 summit early boost

Lenders, including the World Bank, aim to increase climate financing to poor and middle-income countries by 60% from 2023.

Climate activists project a message onto the Embassy of Azerbaijan ahead of COP29 climate talks, in London, Britain, November 7, 2024. REUTERS/Chris J. Ratcliffe/File Photo
ClimateClimate FinanceEmissionsEnvironmentNewsPolitics

At COP29, development lenders set $120 billion climate finance goal for poorer countries

Global banks pledge $120B yearly climate aid by 2030, targeting low-income nations, boosting private sector investment.

FILE PHOTO: President of the European Bank for Reconstruction and Development (EBRD) Odile Renaud-Basso attends the 54th annual meeting of the World Economic Forum, in Davos, Switzerland, January 18, 2024. REUTERS/Denis Balibouse/File Photo
ClimateClimate FinanceEmissionsEnvironmentIndigenousNewsPolitics

Multilateral development banks are stepping into climate breach: EBRD President

Multilateral development banks are boosting green investments, with the EBRD focusing on climate action amid global trade tensions and U.S. policy uncertainty.

FILE PHOTO: The Lloyd's of London building is reflected in a window in the City of London financial district in London, Britain, February 1, 2018. REUTERS/Simon Dawson//File Photo
BusinessClimateClimate FinanceEconomyEmissionsEmissions MarketsNatural GasNewsOilPoliticsRegulationsTrade

Lloyd’s of London must stop supporting fossil fuel expansion, says NGO

The Lloyd's of London market is undermining climate action and should impose binding rules to prevent insurers supporting fossil fuel expansion, NGO Reclaim...

FILE PHOTO: A drone view of a message made by Greenpeace activists over sandbanks exposed due to drought at the Solimoes River, one of the largest tributaries of the Amazon River, during the most intense and widespread drought Brazil has experienced since records began in 1950, near Manacapuru, Amazonas state, Brazil September 20, 2024. REUTERS/Jorge Silva/File Photo
AnalysisClimateEmissionsIn-DepthPolitics

Why are NDCs important in global climate talks?

NDCs (Nationally Determined Contributions) describes its country's national policies or decisions toward reaching net-zero emissions.

AgricultureBiodiversityClimateEnvironmentIndustryNews

Climate Asset Management has raised more than $1bn, CEO says

Climate Asset Management has raised more than $1 billion to invest in natural capital projects such as regenerative agriculture.

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