insert_link Africa Climate adaptation funds are not reaching frontline communities: what needs to be done about it By Katherine Browne, Stockholm Environment Institute Communities around the world face increasingly severe and frequent impacts from climate change. They are on the “frontlines” of droughts, flooding, desertification and sea level rise. International climate finance is supposed to help. In the 2015 Paris Agreement, the world’s wealthiest countries pledged US$50 billion annually to support climate adaptation among those “particularly vulnerable” to climate change. Climate adaptation is the adjustments humans make to […] todayNovember 27, 2023 6
insert_link Africa African nations are increasingly favouring green bonds over emissions trading to power their transition to green energy. By Conrad Onyango, bird story agency African countries are now favouring raising funds for projects that have positive climate and sustainability outcomes over emissions trading as green bond issuances soar across the continent. While legislative plans to regulate the sale of carbon credits are proliferating the continent, this race has been beset by controversies, with critics claiming it allows companies to continue polluting without reducing their emissions. Green bonds are becoming […] todayNovember 15, 2023 7
insert_link Business / Economics IMF MD Kristalina Georgieva speaks at Annual Meeting Countries are stepping up with finances for the most vulnerable of the world, IMF Managing Director Kristalina Georgieva said Thursday (Oct. 12) in Marrakech, Morocco. Thousands of journalists, policymakers, bankers and civil society organizations are gathered there for the Annual Meetings of the IMF and World Bank. https://youtu.be/MehuXc6eH34 “During these meetings, we aim to put solidarity in action by increasing our capacity to support our low income members. And I […] todayOctober 18, 2023 3