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 […]
Climate fund for poor nations vows to drive green COVID recovery
Barcelona, SpainThomson Reuters Foundation The Green Climate Fund has promised developing nations it will ramp up efforts to help them tackle climate challenges as they strive to recover from the coronavirus pandemic, approving $US879 million in backing for 15 new projects around the world. At a four-day virtual board meeting ending late Friday, the fund […]
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 […]
Boost for global climate fund as rich states pledge fresh billions
LondonThomson Reuters Foundation Five wealthy nations have promised new contributions worth almost $US6 billion to the UN-backed Green Climate Fund, which is seeking to refill its coffers this year to ramp up efforts to help poorer countries combat climate change. The donations come ahead of an official pledging conference planned for the end of October, […]
As countries look inward, development cash falls short – UN deputy chief
Thomson Reuters Foundation Funding for international efforts to build resilience to climate change and meet other development goals is faltering, warns United Nations Deputy Secretary-General Amina J Mohammed. “It is a tough world right now out there. Everyone is backsliding,” she said in an interview. Instead of thinking about common action, more world leaders are […]