Finance
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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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The Loss and Damage Fund flies low: asked only $ 100 billion a year
A report commissioned by the UN in 2022 estimated that $150-300 billion a year would be needed to cover loss…
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Japan prepares to issue first transition bonds
Prime Minister Kishida held a new meeting on the implementation of the national strategy of decarbonisation 2050. Announced an expenditure…
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Canada, green light for phasing out fossil subsidies. But how much does it really impact?
The government has issued two documents with guidelines to determine whether fossil subsidies are ineffective or not, and therefore whether…
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UK will give “hundreds” of new licenses for oil and gas exploitation in North Sea
According to the government of London this is a move perfectly in line with the plans for the transition, which…
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