Finance
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The Global Climate Finance Black Hole: $2 out of $3 doesn’t reach its destination
A report by the ONE Campaign advocacy group examines how resources mobilised by wealthier countries were spent to support those…
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Protecting the most vulnerable countries from climate risk requires US$10 million per year
Reinsurance companies will have no economic problems in offering their services to the countries most affected by climate disasters up…
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In 2022 rich countries finally mobilized $100 billion a year for climate finance
According to preliminary data from the OECD, the target of USD 100 billion per year would have been reached by…
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Climate risk assessment: banks use “unrealistic” models
Instruments constructed in a manner similar to those for assessing economic and financial risk do not take into account that…
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The Loss and Damage Fund may not see the light at Cop28 in Dubai
On 3 and 4 November an extraordinary summit was held in Abu Dhabi to find agreement on the most contested…
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European banks will have to calculate climate risk in their financial buffer
It changes the way in which credit institutions will have to calculate the suitability of the financial buffer, the level…
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The new face of fossil support: what European banks do not say
Since 2016, when the Paris Agreement made it less convenient to finance fossils, major European banks have continued to provide…
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The World Bank gave $3.7 billion in fossil finance in 2022 alone
A Urgewald report draws attention to the establishment of Bretton Woods and the chronic delays in abandoning funding for fossil…
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Africa at COP28 will not demand fossil phase out
The Nairobi Declaration includes measures to secure more resources for climate finance, ease the burden of debt and reform the…
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Investments in renewable energy 2023 mark the record
In the first half of this year, global spending on RES reached 358 billion dollars. Two thirds of investments went…
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