Malaysia seeks UN climate adaptation funds amid deadly floods
Kuala Lumpur, MalaysiaReuters Malaysia is seeking $US3 million from the UN Green Climate Fund to develop a national plan to adapt to climate change, the environment ministry said last week, amid deadly floods that have displaced nearly 70,000 people this month. The funds requested are paltry relative to the amount the country has pledged to […]
That sinking feeling: Poor nations struggle with UN climate fund
Johannesburg, South AfricaReuters The Philippines has sought financing for seven projects from a UN environmental fund to tackle the catastrophic impact of climate change. Yet only one has secured backing since 2016, and it’s not because the $US17.3 billion fund lacks cash. Bureaucracy and a blizzard of information requests have stalled applications to the UN […]
Pounded by pandemic “storm”, poor nations need climate finance more than ever
Barcelona, SpainThomson Reuters Foundation Many developing nations are under huge financial stress from the COVID-19 crisis, making it more important than ever that they receive the funding promised by rich nations to help them tackle climate change, said the head of the Green Climate Fund. Yannick Glemarec said the poorer countries the fund supports lack […]
Green Climate Fund attracts higher pledges, open for more
London, UKThomson Reuters Foundation Wealthier countries on Friday promised nearly $US9.8 billion over the next four years to an international fund to help poorer nations develop cleanly and adapt to climate stresses, with nearly a dozen nations doubling their previous commitments. The total was slightly higher than the $US9.3 billion committed to the Green Climate […]