One of the headline outcomes to emerge from COP30 was a new target to “at least triple” finance for climate adaptation in developing countries by 2035.
With the planet headed for well beyond 1.5°C of warming, the stakes for business are rising. Those who confront climate risk now could unlock what many economists say is the growth story of the century.
Oleh
Eric Usher
Three decades after the optimism of the 1992 Earth Summit, the climate regime faces a tough test. The retreat of multilateralism and the rules-based international order has left COP30 struggling to hold together the fading promise of global action.
Oleh
Carlos Frederico Pereira da Silva Gama
Whereas last year’s United Nations Climate Change Conference tripled the global climate-finance target, this year’s gathering must show how funds will be delivered. Developing countries are doing their part, but their climate strategies cannot succeed without external support.
Oleh
Syeda Rizwana Hasan
The convergence of the compliance and voluntary markets, demand for high-quality carbon credits and efforts to raise the bar on project credibility mean the conditions are right for a market rebound, observers said at the GenZero Climate Summit in Singapore.
At the close of COP30, nations agreed to triple adaptation finance by 2035, while the fund for loss and damage appeared to remain sidelined. Lidy Nacpil, a long-time attendee of the climate conference, explains why.
With clear climate policies and actions, nations across Asia, Africa and Latin America are filling the vacuum left by the United States. This article features the second half of a conversation with two veteran attendees of the climate COPs.
The sea-level rise expert has moved to Hong Kong – now seen as a gateway to more collaboration with China on climate science. But he tells the EB Podcast that data from US agencies is still critical for calculating climate defences in Asia.
Studio EB
Plastic waste is flooding the planet. Instead of waiting for regulation to drive change, give value to recyclables and mobilise the people, says Plastic Bank.