Catherine Early The yawning gap between the cost of adapting to climate change and the finance available is becoming a chasm, experts warn ahead of COP28 The flow of international public finance going to developing countries to pay for adapting to climate change is 10-18 times smaller than what is needed, an updated assessment by experts… Continue reading UN calls for finance to close adaptation gap
Tag: grants
Plotting a green Covid recovery: How the EU, US and China stack up
Sam Morgan Covid-19’s impact on the world economy has prompted Brussels, Washington and Beijing to invest in bumper stimulus plans to help ride out the pandemic. How do their efforts compare? European countries are currently putting the final touches to their recovery plans, which they will submit to the EU’s executive branch, the Commission, in… Continue reading Plotting a green Covid recovery: How the EU, US and China stack up
Too much climate finance given as loans force poorer nations into debt
A paltry 14 percent of climate finance is going to the least developed nations and just 2 percent to small island developing states, which have done least to cause the climate crisis but are being hit hardest. Climate finance provided and mobilised by developed countries for developing countries totalled USD 78.9 billion in 2018, up… Continue reading Too much climate finance given as loans force poorer nations into debt
Climate finance from multi-lateral banks reaches $61.6 billion in 2019
The 2019 report shows that $46.6 billion – or 76% of total financing for the year – was devoted to climate change mitigation investments that aim to reduce harmful greenhouse gas emissions and slow down global warming. Of this, 59% went to low- and middle-income economies. Climate financing by seven of the world’s largest multilateral development… Continue reading Climate finance from multi-lateral banks reaches $61.6 billion in 2019
COP-25 reminder: Where is the Compensation for the Climate Vulnerable
Industrialized countries pledged to compensate the vulnerable and the least developed countries in Copenhagen, in Paris, in various COPs and even in SDGs; but the reality is almost all countries have shirked away from their responsibilities. Paris Agreement on climate change was signed in 2015 under the United Nations Framework Convention on Climate Change (UNFCCC),… Continue reading COP-25 reminder: Where is the Compensation for the Climate Vulnerable
Despite size, Congo Basin attracts less funding than other major forest areas
RICHARD EBA’A ATYI Stronger capacities and governance needed to boost international support for Central African forests The Congo Basin is home to the second largest tropical forest in the world, but it is well behind Southeast Asia and the Amazon region in terms of attracting international funding for sustainable management and nature protection, according to… Continue reading Despite size, Congo Basin attracts less funding than other major forest areas
Rabobank and UN Environment create new billion-dollar facility for sustainable agriculture
The Facility aims to finance sustainable land use, help achieve the Paris Climate Agreement, Sustainable Development Goals and aims to provide grants, de-risking instruments and credit to clients involved in sustainable agricultural production Rabobank and UN Environment announced the creation of a new 1 billion dollar facility to finance sustainable agriculture using a combination of… Continue reading Rabobank and UN Environment create new billion-dollar facility for sustainable agriculture
Leonardo DiCaprio Foundation awards $20 million in environmental grants
The Leonardo DiCaprio Foundation announced its largest-ever portfolio of environmental grants, increasing the organization’s total direct financial impact to over $80 million since 1998. The new grants, $20 million to more than 100 organizations, have been awarded for wildlife and habitat conservation, to aide in the defense of indigenous rights, and to support innovative grass roots… Continue reading Leonardo DiCaprio Foundation awards $20 million in environmental grants
Africa Analysis: Research grant shake-up brings hope
Linda Nordling An initiative to harmonise how African research grants are managed is good news. When Tanzania’s national science funding body, the Commission for Science and Technology (COSTECH), got a budget increase in 2010, it did not spend it all on research. Rather, COSTECH spent a significant chunk of the windfall on expanding its administrative… Continue reading Africa Analysis: Research grant shake-up brings hope