At COP29 in Baku, developed-country parties such as the EU, the US and Japan agreed to help raise “at least” US$300 billion a year by 2035 for climate action in developing countries.
The World Bank’s International Development Association could help lift millions out of extreme poverty and support adaptation to climate change. Unfortunately, some key donors are not carrying their weight.
Oleh
Kevin Watkins
Geopolitical turmoil must not be allowed to distract global decision-makers from the urgent imperative of tackling climate change. There is no excuse for letting COP29 conclude without delivering ambitious, credible financing commitments to support climate action – including the clean-energy transition – in developing economies.
Oleh
Ana Palacio
To achieve global climate goals, we can no longer ignore the people most exposed to the dire consequences of rising temperatures. As developed countries set new climate-finance targets at COP29, they should also devise more inclusive financial services and products to ensure that resources reach vulnerable communities.
Oleh
Sophie Sirtaine
Given their outsized economic role, strengthening the resilience of coastal communities is not just a regional or national priority but a global imperative.
Oleh
Karen Sack
There is consensus that coal needs to be retired early in Asia, but the mechanisms for financing the phase-out are not clear. This mini-documentary examines how transition credits work and whether they can fund Southeast Asia's equitable switch to clean power.
Studio EB
Investors are starting to feel the effects of climate change in an unexpected place – their financial returns. There are now growing calls within the business community to improve the quality and coverage of climate risk disclosure.
After 20 years without electricity, more than 50 households in Cebu's poorest district have been provided with solar energy, financed by carbon offsets.
Pension funds are some of the world's largest investors—holding trillions in assets—billions of which are pumped into fossil fuel companies like Shell, BP, and Total.
The climate non-profit's head Sherry Madera insists there are just 450 questions, not over 5,500 as some industry players have cited, in its new questionnaire, which has faced pushback for failing to ease disclosure burden as intended.
ADX's chief strategy and transformation officer Matthias Büchler tells the Eco-Business podcast why sustainability is a key growth strategy and how the COP summit shaped ESG reporting for listed companies on the exchange.
The Bangko Sentral ng Pilipinas assistant governor tells the Eco-Business Podcast about the regulator’s maiden sustainability report that features an empirical study of climate impacts on banks as well as the nation’s first taxonomy.
It is no longer business as usual when it comes to how we tackle climate change and rising global temperatures. Eco-Business speaks to Elena Philipova of Refinitiv about how data can ensure countries and businesses are delivering on pledges to decarbonise.