Eco-Business

After agreeing in 2009 to phase out dirty energy subsidies, G20 nations pumped US$1.4 trillion into supporting fossil fuel use in 2022 – money that should be redeployed to support a shift into renewables, analysts say.

China_Ecuador_debt_Xi Jinping_Lenin Moreno

The biggest creditor to developing economies has been pressured to explore using such swaps to alleviate the debt burden of Asia Pacific nations, but is not prepared to write off debts without an internationally-agreed mechanism to navigate the complex negotiations.

The world is facing a series of major interconnected challenges.

Global summit in Paris hopes to rebuild trust between rich and poor nations on climate and development financing.

Thomson Reuters Foundation

By You Xiaoying

By Rohini Krishnamurthy, Ananya Anoop Rao, Avantika Goswami

By Orla Dwyer

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While the International Monetary Fund has made great strides on climate change in a short time, emerging markets and developing economies need resources to invest in resilience more urgently than ever. There are four ways the IMF can help them shift to a low-carbon pathway and finance adaptation measures before it’s too late. By Rishikesh Ram Bhandary, Irene Monasterolo and Rakesh Mohan

Linking work on nature and climate goals to debt repayment could give indebted countries the space they need to build resilience. By Simon Zadek and Jayati Ghosh

The International Monetary Fund's allocation of $650 billion in special drawing rights in August was welcomed, but its latest proposal for channeling finance to the most climate-vulnerable countries excludes the most needy, and is flawed. By Daniel Titelman, Sara Jane Ahmed and Alicia Barcena Ibarra

climate march walk away from fossil fuels

The economics discipline has failed to understand the climate crisis – let alone provide effective policy solutions for it. Change is underway, but it cannot come fast enough. By Gernot Wagner and Tom Brookes

By Claire Healy and Daniela Schulman

By Shamshad Akhtar and Paul Steele

By Syed Munir Khasru

By Kevin Rudd

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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.

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