GCF eyes further €10 billion after agreeing process to refill coffers
The Green Climate Fund (GCF) struck a deal late last week on how to refill its coffers, smoothing the path for the UN’s main climate finance instrument to continue channelling cash to poorer nations.
Read MoreFEATURE: Countries set to spurn UN chief’s calls for more climate ambition
World leaders are unlikely to heed the UN secretary-general’s calls for countries to ramp up their Paris Agreement ambition next month, as domestic concerns and indifference from the US administration and other global heavyweights outweigh increasingly alarming evidence of a climate emergency.
Read MoreUS trade war clouds prospects for China’s climate ambition, official says
The trade war with the US and the general downturn in China’s economy is making it tougher for China to act on climate change, a senior government official said Friday, dodging questions from reporters on whether Beijing would respond to calls from the UN Secretary-General to raise ambition levels at a summit in New York next month.
Read MoreUPDATE- Three nations announce GCF cash as G7 pledges aid to fight Amazon fires
The UK, France and Canada will double their contributions to the UN’s Green Climate Fund (GCF), the governments announced at the G7 summit on Monday, with Britain’s contribution amounting to a further $881 million and Canada’s some $226 million.
Read MoreCARBON FORWARD 2019 – EU renewable credit prices stumble ahead of France auction debut
**THIS IS A FREE ARTICLE** – The 4th annual Carbon Forward conference & training day features key insights from environmental markets experts.
Read MoreVoluntary climate initiative sees 46 firms commit to set tougher goals
Forty-six companies worth $2.2 trillion have signed up to set tougher climate goals under the Science-Based Targets initiative (SBTi) ahead of an October ratcheting up of ambition.
Read MoreCalifornia senator urges ARB to oppose Tropical Forest Standard
California regulator ARB should not endorse its Tropical Forest Standard (TFS) next month because sector-based REDD offsets lack environmental and social integrity and fail to address the root causes of deforestation, a state senator said, potentially opening a bicameral rift over the already divisive issue.
Read MoreCARBON FORWARD 2019 – Stick or twist: investors came to the EU ETS, but will they go?
**THIS IS A FREE ARTICLE** – The 4th annual Carbon Forward conference & training day features a dedicated stream focused on the EU carbon market from an investor perspective.
Read MoreGlasgow selected as venue for UN climate talks in 2020
Next year’s UN climate summit will be held in Glasgow, the UK government announced on Friday, assuming the country wins in its bid to host the annual conference.
Read MoreUN panel flags potential role for land-use carbon incentives, warns on BECCS
Paying landowners to protect their land could play a vital role in tackling climate change, though large-scale bioenergy use and storage could worsen the effects without careful management, according to UN-backed scientific panel IPCC in a landmark report.
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