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Showing 21 - 30 of 61 results for "climate finance"

COP28: "Weak" Global Stocktake slammed

ROSE MARY PETRASS  |  TUESDAY, 12 DEC 2023  |  NEWS
... adaptation finance flows. It states that developed countries should "at least double their collective provision of climate finance for adaptation to developing country Parties from 2019 levels by 2025." So far at COP28, over US$83.9 billion has been ...

COP28: Australia commits $150m to Pacific resilience

ROSE MARY PETRASS  |  MONDAY, 11 DEC 2023  |  NEWS
... Minister Wong's recent announcement to support technical experts in Pacific Island countries to facilitate access to climate finance. These are positive signs that the Australian Government is listening to our Pacific neighbours." However, Bungcaras ...

Here's what happened at COP28 so far

ROSE MARY PETRASS  |  THURSDAY, 7 DEC 2023  |  NEWS
... focus on supporting women's economic empowerment during the transition to a low climate global economy. COP28: climate finance, carbon markets take centre stage At COP28 leaders are highlighting the need to make climate finance more accessible and ...

COP28: Climate finance, carbon markets take centre stage

ROSE MARY PETRASS  |  MONDAY, 4 DEC 2023  |  NEWS
At COP28 leaders are highlighting the need to make climate finance more accessible and affordable. Water featured for only the second time at a COP, and several emerging economies launched carbon market initiatives. Adaptation and inclusion COP28 saw ...

COP28: Countries tackle coal as President claims "no science" behind phase-out

ROSE MARY PETRASS  |  MONDAY, 4 DEC 2023  |  NEWS
... the process of developing its own sustainable finance taxonomy. According to McKinsey senior partner Cindy Levy, climate finance is seeing a global shortfall of US$55 trillion needed in the next decade to achieve net zero by 2030. Of the US$41 trillion ...

Only one sector set to meet emissions reduction targets

ROSE MARY PETRASS  |  MONDAY, 20 NOV 2023  |  NEWS
... scenario. When key dimensions such as financing are weighted more heavily, the situation appears even more dire. Climate finance flows have been disproportionately concentrated in the buildings and energy sectors, leaving other critical areas in need ...

Record climate spending for low and middle-income economies

ROSE MARY PETRASS  |  TUESDAY, 17 OCT 2023  |  NEWS
Climate finance by multilateral development banks (MDBs) for low-income and middle-income economies hit a new high of US$60.7 billion in 2022, up 46% from 2019, a new joint report has found. The spend included US$38 billion (63%) on climate change mitigation ...

Asset managers failing on 2050 goals: InfluenceMap

ROSE MARY PETRASS  |  TUESDAY, 1 AUG 2023  |  NEWS
... assets under management, InfluenceMap found the firms assessed do not demonstrate active and effective backing for climate finance policy required to enable decarbonization pathways. The report also found that 86% maintain memberships to industry associations ...

World first $1.6bn Climate Bonds green loan: QIC and Vector

ROSE MARY PETRASS  |  TUESDAY, 4 JUL 2023  |  NEWS
... Climate Bonds Standard Version 4.0, QIC and Vector have demonstrated their dedication to global best practice in climate finance." QIC said the green loan attracted widespread interest, including participation across a significant lending syndicate composed ...

Global development banks release joint principles towards Paris alignment

ROSE MARY PETRASS  |  THURSDAY, 22 JUN 2023  |  NEWS
... mitigation goals, adaptation and climate-resilient operations, accelerated contribution to the transition through climate finance, engagement and policy development support, reporting, and alignment of internal activities. AIIB said in a statement: "The ...