With the clock ticking in Baku, negotiators must secure an agreement that delivers at least $1 trillion yearly in public finance to support Global South countries in implementing climate solutions and a fair fossil fuel phaseout.
As climate finance negotiators push for a breakthrough in Baku during COP29's tenth day, the urgency for action has never been clearer—with 2024 on track to be the hottest year on record.
At a COP29 press conference, the United Kingdom, Colombia, and New Zealand announced they are joining the Dutch-led Coalition on Phasing Out Fossil Fuel Incentives (COFFIS) launched at COP28. While Civil Society Organizations applaud the growing membership, they urge all members...
As COP29 enters its second week in Baku, a parallel opportunity for climate finance leadership emerges in Paris, where OECD governments will gather to negotiate an end to $41 billion in annual oil and gas export subsidies.
At the United Nations Climate Change Conference today, experts and advocates exposed how oil and gas corporations and their government enablers are more interested in appearing to act on climate change than taking real action, while continuing to poison communities...
As COP29 enters its sixth day, negotiators release the latest draft text for the new climate finance goal (NCQG). A critical opportunity emerges to secure real climate action through public grants rather than problematic private finance schemes.
Today, At COP29, in the OPEC and the Gas Exporting Countries Forum (GECF) pavilions, activists directly exposed and denounced the presence of the fossil fuel industry at COP29.
As COP29 enters its fifth day in Baku, the stark choice facing negotiators is clear: either deliver real solutions through public grants of at least $1 trillion annually in public funds, or fall back on inadequate private sector mechanisms that...
Our new analysis shows many governments and finance models overstate the role the private sector can play in financing a just energy transition. This is coming to a head with the deadline for a new climate finance goal (NCQG) at...
As Finance Day begins at what's being called the 'Finance COP,' negotiators face a stark choice: deliver public grants at the trillion-dollar scale needed for a just transition away from fossil fuels, or rely on inadequate private sector mechanisms that...
