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COP29 stretches over its last official day in Baku, while yesterday's draft climate finance text falls dangerously short of what science and justice demand.

“This text is an absolute embarrassment. It’s the equivalent of governments handing the keys to the firetruck to the arsonists."

With time running out in Baku, negotiators must secure an agreement that delivers trillions yearly in public grants—not dangerous distractions that deepen inequalities.

"The draft climate finance deal is a mixed bag with good, bad and ugly options. Rich countries now have a last chance to step up to pay the climate debt they owe to the Global South and unlock a fair...

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.

Rio de Janeiro, Brazil - Today, UK Prime Minister Starmer and Brazilian President Lula launched the Global Clean Power Alliance (GCPA) at the Brazil-led G20. The initiative focuses on supporting emerging and developing economies with building out clean energy, including...

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...