climate finance

Opinion: ‘Africa’s COP’ made some big promises. Here’s how to deliver.

The recently-concluded COP27 was dubbed the “African COP” – with the continent center stage in the global effort to fight the causes and effects of climate change. As negotiations in the Egyptian resort of Sharm el-Sheikh spilled over into the weekend, there was a significant breakthrough on one of the most fractious elements – creating

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Trust breaks down at Cop27 as UN chief urges countries to reach agreement in final 24 hours

‘This is no time for finger-pointing. The blame game is a recipe for mutually assured destruction,’ UN secretary-general Antonio Guterres warns In the final 24-hour stretch of Cop27, countries remain bitterly divided over the path forward on the global climate crisis. United Nations secretary-general Antonio Guterres arrived back in Sharm el-Sheikh on Thursday to push

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COP27 will be ‘failure’ without new climate fund, says Vanuatu

SHARM EL-SHEIKH, Egypt – The Pacific island state of Vanuatu will consider the COP27 climate talks “a failure” if they conclude without a new fund for vulnerable countries to tackle “loss and damage” fuelled by global warming, its climate change minister said. Ralph Regenvanu said Vanuatu was the first nation to introduce the term “loss

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African nations push for more climate finance ahead of COP

CAIRO, – African ministers meeting in Cairo two months ahead of the COP27 climate summit called on Friday for a sharp expansion of climate financing for their continent while pushing back against an abrupt move away from fossil fuels. Egypt, an oil and gas producer considered highly vulnerable to climate change, has positioned itself as

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Heat wave enters ‘most intense phase’; Rolling blackouts possible, California ISO warns

California power grid managers are warning of possible rolling blackouts as temperatures from the already-oppressive heat wave spike to even greater heights on Monday and Tuesday. “We have now entered the most intense phase of this heat wave,” Elliot Mainzer, CEO of the California Independent System Operator, said at a multi-agency news conference Monday. “Forecasted

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California Approves a Wave of Aggressive New Climate Measures

After lobbying by the governor, lawmakers adopted $54 billion in climate spending and voted to keep open the state’s last nuclear plant. California, with an economy that ranks as the world’s fifth-largest, embarked this week on its most aggressive effort yet to confront climate change, after lawmakers passed a flurry of bills designed to cut

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New Zealand releases its first national plan to protect against climate-driven disasters

Climate minister says the aim is to equip people ‘so that when climate events occur their lives can continue’ New Zealand has released its first national plan to prepare for the floods, fires and rising seas it expects to be unleashed by the climate crisis in the coming years. Climate minister James Shaw, releasing the

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