Another climate change COP has come and gone. As has become quite common by now, a complex set of intergovernmental negotiations are ultimately reduced to a fight over one particular issue. At the UN Climate Change Conference in Dubai, UAE (COP28), this issue was the phasing out of fossil fuels. The decision adopted in Dubai...
Money offered so far falls far short of estimated $400bn in losses developing countries face each year. Wealthy countries most responsible for the climate emergency have so far pledged a combined total of just over $700m (£556m) to the loss and damage fund – the equivalent of less than 0.2% of the irreversible economic and...
At the COP27 summit in Sharm El-Sheikh, Egypt, an agreement to establish a loss and damage fund was hailed as a major breakthrough on one of the trickiest topics in the UN climate change negotiations. In an otherwise frustrating conference, this decision in November 2022 acknowledged the help that poorer and low-emitting countries in particular need to deal...
Developing countries need up to $387bn a year to adapt to climate change but flows of international public cash are faltering at the same time as the effects of global warming become more disastrous, the UN has said.The amount needed had increased by some $47bn since the last annual assessment by the UN Environment Programme,...
The UN failed short of a US$10 billion target after the US and other wealthy nations failed to fulfil their climate finance pledges at a crucial climate financing conference held last week in Bonn, Germany. Last week’s Bonn conference on climate change witnessed a significant setback as the US and other rich countries failed to...
As the world grapples with the escalating crisis of climate change, it is becoming increasingly evident that its effects are far from equitable. While the entire planet is feeling the consequences of a warming climate, it is the low-income communities and developing countries that bear the heaviest burden. From disrupted livelihoods to increased vulnerability to...