Sunday, 19 January 2025

Focus on Green Climate Fund

An artistic sculpture featuring two hands with their fingers reaching towards each other. It is in a square outside the entrance to the UN Climate Change Conference Baku (COP 29) in Azerbaijan.
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Analysis: Why the $300B climate-finance goal is even less ambitious than it seems

COP29 faces criticism for relying on minimal new efforts, counting inflation-eroded funds, and including developing-country contributions.

Farmers walk by as steam rises from a geothermal power plant in Dieng, Central Java, Indonesia.
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Financial and community hurdles slow geothermal energy development in Southeast Asia

Geothermal energy seems ideal for countries like Indonesia and the Philippines but faces financial, regulatory, and community roadblocks.

Canada Climate Change Ambassador Catherine Stewart speaks during a plenary session at the COP29 U.N. Climate Summit, Wednesday, Nov. 20, 2024, in Baku, Azerbaijan.
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How public funds are being used to lure private dollars in race for climate financing

Blended finance could help bridge the climate funding gap by attracting private sector investment.

A parched field is pictured in Balkh province, Afghanistan.
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UN moves to unlock stuck climate financing for Afghanistan, agencies say

UN agencies push for climate funds for Afghanistan, stalled since the Taliban's 2021 takeover, officials say.

FILE PHOTO: A worker walks along a fence near the Baku Olympic Stadium, the venue of the COP29 United Nations Climate Change Conference, in Baku, Azerbaijan October 18, 2024. REUTERS/Aziz Karimov//File Photo
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UN climate negotiations through the years to COP29

Here are some of the most significant moments in the history of climate talks.

FILE PHOTO: Community leader Sultan Ali, 70, walks over cracks that developed after a Glacial Lake Outburst Flooding (GLOF) swept away part of the land in Hassanabad village, Hunza valley, in the Karakoram mountain range in the Gilgit-Baltistan region of Pakistan, October 9, 2023.    REUTERS/Akhtar Soomro/File Photo
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Pakistani venture Sarmayacar says Green Climate Fund pledges $15 million

Sarmayacar secures $15M from Green Climate Fund to back startups addressing climate challenges amid funding drop.

FILE PHOTO: Republic of Rwanda's Minister of Environment Jeanne d'Arc Mujawamariya, CEO and Special Representative of the UN Secretary-General (UN SRSG) for Sustainable Energy for All Damilola Ogunbiyi, Danish Minister for Development Cooperation and Global Climate Policy Dan Joergensen and Maldives Minister of Climate Change, Environment and Energy, Thoriq Ibrahim attend the session of discussion on the Global Cooling Pledge aimed at reducing emissions and exploring sustainable cooling solutions, during the United Nations Climate Change Conference (COP28), in Dubai, United Arab Emirates, December 5, 2023. REUTERS/Thaier Al-Sudani/File Photo
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African countries looking to COP29 for higher climate financing share

Negotiators for African nations draw up strategies aimed at increasing funding above 1% of global total for climate projects across the continent.

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