Debt-for-nature and debt-for-climate swaps are becoming more common, with Ecuador’s recent $1.6bn deal the biggest yet. How do they work? Government debts are rocketing to untenable levels while the need…
Tag: climate
US denies rigging loss and damage fund’s board
The US wants extra seats for major donors to the fund on top of developed country representation, sparking accusations of “double counting” The USA has hit back at claims that…
EU nominates Wopke Hoekstra as top climate diplomat
The Dutch foreign minister once worked for oil company Shell and will face tough questions over his climate record in the European Parliament The European Commission has nominated Dutch foreign…
Developing countries call for $100 billion loss and damage target
The 2030 target is one of several contentious proposals at negotiations in the Dominican Republic this week over a new loss and damage fund Developing countries want “at least” $100…
Kenyan president William Ruto in controversy for logging plans
Known internationally as one of Africa’s climate champions, President Ruto faces a legal challenge over plans to restart commercial forestry While he prepares to host dozens of world leaders at…
New nature fund needs $40m by December to get going
The new fund aims to be the primary tool to implement the Kunming-Montreal deal and deliver $200 billion a year to nature protection initiatives A new global fund supporting the…
Cookstove offsets produce millions of junk carbon credits
Projects in India linked to Enking, the self-proclaimed world’s largest carbon credits producer, have vastly overestimated climate benefits Abdul Nalband, head of Machutar village in western India, received shiny new…
Why Bolivia and Venezuela won’t protect the Amazon
Bolivia wants to chop down trees to grow soy, beef and palm oil while Venezuela is unwilling or unable to restrain illegal gold mining This month’s Amazon summit brought together…
EU puts Maroš Šefčovič in charge of climate policy
The Slovakian will replace Frans Timmermans as the EU’s lead on climate, at home and abroad The European Commission has put Slovakia’s Maroš Šefčovič in charge of its climate policy,…
Germany net zero 2045 unlikely to be met
Germany, Europe’s largest economy, is failing to cut emissions in the transport and building sector, a report by government climate advisers shows. German goals to cut greenhouse emissions by 65%…
