The UN’s flagship climate fund is struggling to clearly manage risks in its projects, an independent review has found, making it wary of taking on high-impact projects in developing countries…
Category: Climate
China and Brazil to cooperate in stopping illegal deforestation
Brazil’s president, Lula da Silva, met with his Chinese counterpart, Xi Jinping in China and announced new collaborations to control illegal deforestation. China and Brazil announced this Friday a new…
Saudi Arabia, Russia push for more World Bank money into carbon capture
At a meeting discussing the World Bank’s stronger focus on climate, Russia has also urged the lender to extend its support for gas projects. Saudi Arabia and Russia have called…
World Bank’s baby steps – Climate Weekly
Sign up to get our weekly newsletter straight to your inbox, plus breaking news, investigations and extra bulletins from key events As finance ministers gathered in Washington DC for the World…
Weather-watchers warn against Elon Musk’s Twitter changes
Elon Musk is charging for automated tweets, making it harder for authorities to warn of extreme weather events Elon Musk’s changes to Twitter will hinder the US government’s ability to…
Developing countries call for new government funds for World Bank
Developing nations have called for a capital increase for the World Bank, while rich nations want to stick to accounting tweaks. A broad group of low and middle-income countries has…
World Bank committee and US urge climate finance reforms
At the World Bank’s spring meeting, US Treasury Secretary Janet Yellen called for the adoption of a reform that would free up funds for climate lending. The World Bank’s steering…
Europe’s green hydrogen rush in Africa risks energy ‘cannibalisation’
The EU signed green hydrogen agreements with Egypt, Kazakhstan, Morocco and Namibia to supply the bloc with the gas ahead of its 2030 goals. Europe’s green hydrogen plans have set…
Green skills to pay the bills
Duvha power station, located in Mpumalanga, South Africa, is scheduled to be decommissioned between 2031 and 2034. (Photo: Ashraf Hendricks) Viewed from the conference centres of Cops, the Just Energy…
What’s at stake for climate at the World Bank’s spring meeting?
The World Bank controls tens of billions of dollars which can make a real difference in the fight against climate change. A coalition of nations is pushing for green reforms.…
