Catalytic Climate Finance Facility Awards USD 2 million to New Cohort of Blended Finance Vehicles
The Catalytic Climate Finance Facility (CC Facility), a partnership between Climate Policy Initiative (CPI) and Convergence, announced its second cohort of market-ready blended finance vehicles today. The CC Facility will grant the selected five grantees USD 2 million to test,…
Cop29: Make Do With New Deal
T The new climate financing deal is fair considering all factors, especially the current challenges facing the developed economies. The developing world needs to abandon playing the victim card and be ready to contribute as much as possible. Climate action…
Historic Decision in Baku: The Loss and Damage Fund fully operationalised
At COP29, a decision was made to ensure the full operationalization of the Loss and Damage Fund, long awaited by developing countries, including small island states, least developed countries, and African nations. This aligns with the priority set by the…
COP29 outcome: EU upbeat on finance, disappointed on climate action
Countries agree to triple global climate financing until 2035, but EU criticises lack of agreement on concrete climate action. After the COP29 global climate talks in Azerbaijan concluded at 3am local time on Sunday (24 November), the EU welcomed a…
“This New Finance Goal is an Insurance Policy for Humanity”: Simon Stiell at Close of COP29
The following is a transcript of remarks made by UN Climate Change Executive Secretary Simon Stiell at the closing of the UN Climate Change Conference (COP29) in Baku, Azerbaijan, on 24 November 2024. Excellencies, Delegates, Colleagues, Friends, I want to…
COP29 Agrees to Triple Finance to Developing Countries
UN Climate Change News, 24 November 2024 – The UN Climate Change Conference (COP29) closed today with a new finance goal to help countries to protect their people and economies against climate disasters, and share in the vast benefits of…
BDO LLP Achieves Approved Verifier Status under Climate Bonds Certification Scheme
London, 21/11/2024 – Climate Bonds Initiative has announced that BDO LLP, a leading UK-based accountancy and business advisory firm, has achieved Approved Verifier status under the Climate Bonds Certification Scheme. This approval enables BDO LLP to offer verification services that…
European Commission and South Africa launch the Scaling up Renewables in Africa campaign
Today in Rio de Janeiro, on the eve of the G20 Summit, European Commission President Ursula von der Leyen and South African President Cyril Ramaphosa launched the global campaign ‘Scaling up Renewables in Africa’ during Global Citizen NOW. COP28 had…
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…
African Climate Leadership at COP29 and Beyond
BY: Inger Andersen Let me begin by thanking the Government of Cote d’Ivoire for hosting a successful AMCEN Special Session in September. This session powerfully highlighted the links between drought, land degradation and desertification, biodiversity conservation and climate change. And…