Climate Finance

Skirting the Belém climate talks and leaving the Paris Agreement does not erase the continued legal obligation of the United States to provide climate finance to developing countries - and at a scale that is commensurate with the country’s global responsibility as the historically largest emitter.

COP29 was expected to deliver a global goal for climate finance that meets the challenges of the future. It failed to do so. Instead, it launched international carbon markets that create new loopholes for fossil fuel emitters.

COP29 in Baku will decide the future of global climate finance. As developing nations demand $1 trillion in annual support, tensions rise over who should contribute and how funds are allocated. Will this summit deliver on the promise of climate justice and equity?

Climate finance is high on the agenda of this year's international climate negotiations. Climate finance expert Liane Schalatek explains the key sticking points and what civil society calls for.

When COP28 starts on November 30 in Dubai, United Arab Emirates, no less than the future of climate finance provision will be front and center throughout negotiations.

Overall prospects for adequate, timely and predictable climate finance delivery in the scale and quantity needed have further dimmed after COP27.

Rich nations must prove they are willing to hold up their end of the climate bargain of the Paris Agreement at COP27

With the two-day Biden leaders' summit on climate attended by 40 countries, the United States has returned to the international stage of climate diplomacy. Whether the increased ambition of new climate action pledges via video made by several core countries can be implemented in a binding manner, however, remains an open question - not only, but also including in the United States. An urgently needed signal that the Biden administration is prepared to take on a leadership role in international climate finance in the run-up to COP 26, however, was missing in action.

When climate negotiators come together for COP 25 in Madrid from December 2- 13, the year 2020 looms large. It is in many ways a fateful year, both for the Paris Agreement and for the Green Climate Fund (GCF) serving as the main multilateral financing mechanism for its implementation.