Keep track with COP28 pledges to UN funds that help developing countries reduce greenhouse emissions and address the impacts of climate change. Debates about funding are always a major feature of UN climate negotiations. The big injustice of the climate crisis is that the poorest and most vulnerable communities, who … [continued]
The Green Climate Fund (GCF) is the world’s largest multilateral fund dedicated to helping developing countries address the climate crisis. Created in 2010, the Fund had its initial resource mobilization (IRM) in 2014 receiving $10.3 billion in pledges from 45 countries. The GCF underwent its first replenishment (GCF-1) in 2019, … [continued]
Which of the 95 environmental regulations that the Trump administration is tampering with is the most serious to you?
Clean, renewable energy means big changes for the way that the US funds the energy sector.
Countries attending the 24th Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC), better known as COP24, have made several new climate finance commitments, increasing existing commitments to both the World Bank Group’s Adaptation Fund and the Green Climate Fund.
The Green Climate Fund on Sunday approved more than $1 billion in new projects and programs aimed at supporting climate action across developing nations while at the same time launching the Fund’s first replenishment.
The African Development Bank, the Green Climate Fund, and the Africa50 investment fund signed a letter of intent on the sidelines of annual meetings late May that will see the three international organizations collaborate on the Desert to Power Program, an initiative aimed at developing solar throughout the Sahel region of Africa.
The African Development Bank has this week secured $52.5 million in funding from the Green Climate Fund for Zambia’s Renewable Energy Financing Framework which will seek to finance 100 megawatts (MW) of renewable energy.
In a move that has all the hallmarks of an Obama-Biden meme, President Barack Obama has transferred $500 million into the Green Climate Fund just a few days before leaving office.
The UNFCCC’s Standing Committee on Finance presented its second Biennial Assessment of climate finance flows* to COP22 on Monday afternoon, November 7. The finance flows assessment found that in 2013/14, an average of $41 billion per year in public finance was reported flowing from developed to developing countries.
