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IMF and World Bank Kick Off Spring Meetings with Climate in Focus

The World Bank and IMF spring meetings are likely to deal with climate change through the Evolution Roadmap, letting the ...

Climate Finance

Guterres Calls for Developed Countries to Adopt 2040 Net Zero Targets

UN Secretary General António Guterres has called on developed countries to reach net zero as close as possible to 2040, ...

COP28

DG at the WTO Announces Intention To Pursue Carbon Pricing Mechanism Framework in response to CBAM

A WTO Director-General, has reportedly sent an unapproved proposal to members on the development of a global carbon pricing framework ...

Trade

EU to Push for Phaseout of Fossil Fuels Again

This year, the EU is going in strong, setting out its position early on regarding the need for a phaseout ...

COP28

Transitional Loss and Damage Fund Committee Finally Established

The Loss and Damage transitional committee tasked with operationalising the new fund has finally been established. They will make recommendations ...

Loss And Damage

Corporates Embrace US Subsidies as IMF Cautions Against Climate Protectionism

Energy companies are loving the US’s Inflation Reduction Act that seeks to shore up green technologies and supply chains through ...

Trade

What Does the New High Seas Treaty Mean for Climate Change?

The recently concluded High Seas Treaty will bolster the world’s ability to protect climate vulnerable areas on the high seas. ...

Adaptation

Climate High on the AU Agenda at its Annual Summit

The AU has resolved to continue pursuing membership of the G20 and efforts to promote climate finance reform. In parallel ...

COP28

EU’s Carbon Border Adjustment Mechanism Could Reduce African GDP by 0.91%

Early analyses indicate that the CBAM will negatively affect developing countries more than developed ones, and that the impact on ...

Trade

Nigeria’s Leading Presidential Candidates Unimpressive on Climate with only Obi Reimagining Change

Climate change was not meaningfully addressed in any of the parties’ manifestos, and none of the candidates have demonstrated how ...

African Climate Policy

Coalition of Trade Ministers on Climate is Launched, While EU Pursues Climate Protectionism

As trade and climate become increasingly prominent on the global agenda, the newly established Coalition of Trade Ministers could play ...

Trade

African Countries Again Object to US Attempts to Influence the Strategic Direction of Global Climate Funds

African governments have sought to prevent the US from co-chairing the Green Climate Fund, on the basis that it has ...

Climate Finance

African Group of Negotiators say COP27 Delivered on its Mandate

At this year’s Africa Climate Talks, the Chair of the African Group of Negotiators briefed African Union member states and ...

COP28

Africa Carbon Markets Initiative announces 13 action programs

The African Carbon Markets Initiative (ACMI) was launched at COP27 in November last year, with the ambition of having at ...

Article 6

Biodiversity Gets its Paris Moment: Climate Takeaways from COP15

In the early hours of the morning on 19 December 2022, the gavel came down on the 15th COP of ...

Adaptation

IEA Recommends EU Pursue a “You Collect We Buy” Approach for African Methane Gas to Meet Immediate Demand

The IEA recently released a report highlighting that the EU’s potential gas supply-demand gap could reach 27 billion cubic metres ...

NetZero and the Just Transition

World Bank Looks to Revise its Climate Lending

Earlier this month the World Bank released an “evolution roadmap” to change its mission, operating model and financial capacity with ...

Climate Finance

Biden Administration Confirms Intent to Invest US55 billion in Africa in the Next Three years, Including in Climate Change

During December’s second US-Africa Leaders Summit, the Biden administration confirmed its intention to invest $55 billion in Africa over the ...

Climate Finance