OECD Says Developed Countries Exceeded $100 Billion Climate Finance Goal For Third Year
Developed countries provided and mobilised $136.7 billion in climate finance for developing countries in 2024, up from $132.8 billion in…
Singapore, Philippines Sign First Article 6 Carbon Credits Deal To Scale Climate Finance
Singapore and the Philippines signed the Philippines’ first Article 6 Implementation Agreement during ASEAN Climate Week in Manila. The deal…
To Strengthen Climate Resilience, Focus on Social Protection by Ana Toni & Kevin Watkins
The international community is increasingly trying to distinguish between climate, development, and humanitarian finance—as if they can be neatly compartmentalized.…
US pressure puts World Bank’s climate plan at risk
The World Bank’s work to tackle climate change is under threat as the Trump administration pushes the lender to ditch…
GEF raises $3.9bn ahead of funding deadline, $1bn below previous budget
The Global Environment Facility (GEF), a multilateral fund that provides climate and nature finance to developing countries, has raised $3.9…
UK cuts support for climate action abroad to fund military instead
The UK will cut overseas climate spending by more than 10% to fund higher defence budgets, despite agreeing to a…
Congress rescues aid budget from Trump but climate misses out
Under pressure from Congress, President Donald Trump quietly signed into law a funding package that provides billions of dollars more…