climate financing

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Climate reparations Cop28
Credit: Ekō/Flickr

Climate reparations are becoming a reality. Here’s what they could look like.

Grist asked 10 different countries how they would use the long-awaited “loss and damage” climate fund launched at COP28.
debt pause climate solutions

William Ruto, et al.: If you want our countries to address climate change, first pause our debts

Instead of receiving funds to address the climate crisis, Africa is borrowing money at a cost up to eight times higher than the rich world to rebuild.
Powell distances Fed from climate policy

Powell says Fed will not be a ‘climate policymaker’

In a speech on Federal Reserve independence, Chair Jerome H. Powell emphasized that climate change should be addressed by elected officials.
hsbc climate investment stuart kirk

Top banker quits HSBC after suspension over climate-change comments

Stuart Kirk, global head of responsible investing at HSBC Asset Management, was suspended in May after saying in a speech that climate change wasn’t a ‘financial risk we need to worry about’.
climate financing disasters

Vulnerable nations set to design and test loss and damage funding facility

A coalition of vulnerable countries is getting to work to develop an international funding mechanism for victims of climate disasters.

climate financing investment impacts
Photo by Christine Roy on Unsplash

US says $100 billion soon to help poor nations with climate

U.S. climate envoy John Kerry says he thinks rich countries can finally meet their pledge to provide $100 billion annually to help poor nations cope with climate change beginning this year — and will definitely reach that amount in 2023.

COP26 agreement in Glasgow ‘not enough’ to stop dangerous global warming, world leaders say

COP26 agreement in Glasgow ‘not enough’ to stop dangerous global warming, world leaders say

Many call on countries to move faster to curb greenhouse gas emissions and help nations damaged by climate change, after last-minute moves weakened Glasgow’s final deal.