-
COP29: €3bn public-private fundraise planned for emerging market green bond fund
15 November 2024The EU-led Global Green Bond Initiative (GGBI) is preparing to raise €3 billion ($3.2 billion) for a fund which will serve as an "anchor investor" in emerging market (EM) green bonds, the European Investment Bank (EIB) told a side event at the UN COP29 climate summit.
-
COP29: Investors underwhelmed by Global South investable pipeline
14 November 2024The pipeline of investable projects in the Global South is lacking, delegates at COP29 in Baku, Azerbaijan have heard.
-
COP29: Drafted 33-page NCQG text 'disappointing', says WWF
14 November 2024The updated 33-page text on the New Collective Quantified Goal (NCQG) on climate finance supplied at COP29 last night is a "disappointing" development, according to WWF International.
-
COP29: Doubts remain over biodiversity credit market, says German minister
14 November 2024While moves to make biodiversity investable should be welcomed, doubts remain over the biodiversity credit market's potential, a German economic minister has told COP29.
-
COP29: 1.5°C slipping away without mandatory transition plans, says Guterres
14 November 2024UN secretary-general António Guterres has called for mandatory rules for corporates and financial institutions to have 1.5°C-aligned transition plans, after warning that efforts to limit global warming to 1.5°C are "slipping away".
-
COP29: MUFG backs Canada-led blended finance initiative
13 November 2024Canada has launched a $1.5 billion blended finance 'platform' that aims to provide climate finance to climate projects in "up to" 25 emerging markets and developing economies, with backing from MUFG.
-
COP29: Negotiators need to 'pick up when Cali calls', says Greenpeace
13 November 2024Negotiators at COP29 need to integrate recent progress made at the biodiversity-focused COP16, Greenpeace has said, warning against the focus on nature-based carbon credits.
-
COP29: Land use emissions still 'substantial' despite decline
13 November 2024Land use emissions are still "substantial", despite their steady decline, academics have said, warning that deforestation continues to play a major role.
-
COP29: Global emissions reach record high in 2024, and time almost up for 1.5°C
13 November 2024There is still no sign that the world has reached a peak in fossil fuel carbon emissions, as emissions reached record levels in 2024, according to the latest Global Carbon Budget report, which warned that time has almost run out to hit the Paris Agreement's 1.5°C target.
-
COP29: Article 6 undermining the COP process, warns NGOs
12 November 2024The pursuit of carbon markets under Article 6 is "undermining" the principle of the COP process, the Global Forest Coalition (GFC) has warned, with concerns also raised about the "bulldozing" of negotiations.