Landmark Climate Change Case will Open at the Top UN Court
The top United Nations court will take up the largest case in its history on Monday THE HAGUE — The top United Nations court will take up the largest case in its history on Monday, when it opens two weeks…
Assessing the Bank of England’s Climate Risk Collateral Reforms for their Greening Potential
By updating its collateral framework to reflect climate risks, the Bank of England not only protects its balance sheet but also encourages greener mortgage lending by commercial banks – but there is room to go further and complementary Government policy…
Uzbekistan Receives $7.5m in Carbon Credits for Enabling Half a Million Tons of Emissions Reduction
Uzbekistan has become the first country in the world receiving a payment from the World Bank for reducing carbon emissions through a policy crediting program. This pioneering project – the Innovative Carbon Resource Application for Energy Transition (iCRAFT) – was…
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…