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Showing 1 - 10 of 14 results for "loss and damage"

COP28 key outcomes: what it means for finance

ROSE MARY PETRASS, RACHEL ALEMBAKIS  |  THURSDAY, 14 DEC 2023  |  NEWS
... achievement." Climate finance took centre stage with over 100 countries committing to triple renewable energy, a Loss and Damage fund operationalised, major oil and gas sector entities committing to decarbonising their direct emissions and reducing methane ...

COP28: "Weak" Global Stocktake slammed

ROSE MARY PETRASS  |  TUESDAY, 12 DEC 2023  |  NEWS
... livelihoods, $6.8 billion to energy, $1.7 billion to inclusion, $3.5 billion to Green Climate Fund, $792 million to Loss and Damage Fund, $134 million Adaptation Fund, $129 million Least Developed Countries Fund, and $31million to the Special Climate ...

COP28: Australia commits $150m to Pacific resilience

ROSE MARY PETRASS  |  MONDAY, 11 DEC 2023  |  NEWS
... developing countries transition their economies to net zero. Australia is yet to contribute to the newly created loss and damage fund, although Albanese said he supports it. The Green Climate Fund is the world's largest global climate fund set up as ...

Here's what happened at COP28 so far

ROSE MARY PETRASS  |  THURSDAY, 7 DEC 2023  |  NEWS
... outlined new commitments to reduce emissions including methane, non-CO2 gasses and coal. COP28 day one recap: US$429m loss and damage fund The first day of COP28 culminated in a landmark deal to help the most vulnerable emerging economies pay for the ...

Australia joins COP28 gender and just transition partnership

RACHEL ALEMBAKIS  |  TUESDAY, 5 DEC 2023  |  NEWS
... announced an increase of US$9 billion annually to finance climate-related projects. Following the announcement of a loss and damage fund, US$725 million has already been pledged. Australia has not yet announced a pledge for the loss and damage fund. ...

COP28: Climate finance, carbon markets take centre stage

ROSE MARY PETRASS  |  MONDAY, 4 DEC 2023  |  NEWS
... to US$12.48 billion, in addition to the US$725 million pledged to the fund and funding arrangements related to loss and damage, and the contributions made to the Adaptation Fund. A comprehensive energy package was launched under the Global Decarbonisation ...

COP28 day one recap: US$429m loss and damage fund

ROSE MARY PETRASS  |  FRIDAY, 1 DEC 2023  |  NEWS
... and gas expansion plans. COP28 president Sultan Al Jaber is also the president of UAE oil company Adnoc. Annual loss and damage in developing countries is currently estimated as greater than $400bn annually and rising. The fund does not include any mandate ...

Loss and damage funds a key consideration for COP28

RACHEL ALEMBAKIS  |  THURSDAY, 23 NOV 2023  |  NEWS
The shape and scope of a global fund on loss and damage, the integration of climate into biodiversity, and how human rights and the just transition figure into government, business and investor commitments are all topics of interest at the forthcoming ...

Preparing for COP28: nature and climate integration

ROSE MARY PETRASS  |  TUESDAY, 14 NOV 2023  |  NEWS
... the deliberate hiding or underreporting of ESG activities to evade public scrutiny. COP28: nature, clean tech, loss and damage The 2023 United Nations Climate Change Conference or Conference of the Parties of the UN Framework Convention on Climate Change ...

Carbon markets, biodiversity on tap at COP27

RACHEL ALEMBAKIS  |  THURSDAY, 17 NOV 2022  |  NEWS
The state of further technical negotiations on areas like carbon markets and loss and damage are the subject of the second week of COP27 in Sharm El-Sheikh The aim of COP27 is, among other issues, to finalse the text of Article 6 of the Paris Agreement ...
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