climate financing
Credit: Ekō/Flickr
Climate reparations are becoming a reality. Here’s what they could look like.
Grist asked 10 different countries how they would use the long-awaited “loss and damage” climate fund launched at COP28.
Opinion
William Ruto, et al.: If you want our countries to address climate change, first pause our debts
Instead of receiving funds to address the climate crisis, Africa is borrowing money at a cost up to eight times higher than the rich world to rebuild.
Water Alternatives Photos/FlickrCredit: Climate Center/Flickrhttps://creativecommons.org/licenses/by-nc/2.0/
William Ruto, et al.: If you want our countries to address climate change, first pause our debts
Instead of receiving funds to address the climate crisis, Africa is borrowing money at a cost up to eight times higher than the rich world to rebuild.
Brookings Institution/Flickr
Powell says Fed will not be a ‘climate policymaker’
In a speech on Federal Reserve independence, Chair Jerome H. Powell emphasized that climate change should be addressed by elected officials.
Top banker quits HSBC after suspension over climate-change comments
Stuart Kirk, global head of responsible investing at HSBC Asset Management, was suspended in May after saying in a speech that climate change wasn’t a ‘financial risk we need to worry about’.
Vulnerable nations set to design and test loss and damage funding facility
A coalition of vulnerable countries is getting to work to develop an international funding mechanism for victims of climate disasters.
Newsletter
Photo by Christine Roy on Unsplash
US says $100 billion soon to help poor nations with climate
U.S. climate envoy John Kerry says he thinks rich countries can finally meet their pledge to provide $100 billion annually to help poor nations cope with climate change beginning this year — and will definitely reach that amount in 2023.
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