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UNBELIEVABLE: 3 - Caught on Camera

Climate finance summit under pressure to overhaul 'punitive' global system

A global summit seeking to overhaul the international financial system wraps up Friday after taking small steps towards easing the debt burden of developing nations weighed down by climate and economic crises.

Radio France Internationale

The Guardian view on Macron’s green finance deal: save lives, not profits

Editorial: The Paris conference shows the climate crisis is no time for the tranquillising drug of gradualism

The Guardian - UK

World Bank offers developing countries debt pauses if hit by climate crisis

Move at Paris summit on global finance will only apply to repayments on new loans

The Guardian - UK

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Paris climate summit seeks to provoke 'public financial shock'

During a summit aimed at reimagining the global financial system, French President Emmanuel Macron emphasised on Thursday that no nation should be forced to make a decision between addressing poverty and addressing climate change.

Radio France Internationale

Shifting S. Africa coal plant for clean energy needs millions in loans; experts say that's a problem

Plumes of heat-trapping pollutants last billowed from the giant stacks of South Africa's Komati Power Station in October

The Independent UK

World leaders, activists in Paris seek financial response to climate emergency, poverty

World leaders, heads of international organizations and activists are gathering in Paris for a two-day summit to seek better ways to tackle poverty and climate change issues by reshaping the global financial system

The Independent UK

Macron and world leaders call on private finance to help reduce global poverty

In lead up to Paris meeting on Thursday, open letter states that government loans and grants not enough to spur development

The Guardian - UK

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A wealth tax could help poorer countries tackle climate crisis, economists say

Taxing world’s wealthiest people could help poorer countries shift economies to low-carbon and recover from climate damage

The Guardian - UK

‘Countries are drowning’: climate expert calls for urgent rethink on scale of aid for developing world

World needs to offer trillions, not billions in overseas support, says leading climate economist Avinash Persaud

The Guardian - UK

Paris talks to focus on funding poor countries to tackle climate crisis

World leaders will meet next week to discuss climate finance, green growth, debt and private investment

The Guardian - UK

Global Citizen's next campaign: Reform climate financing

The nonprofit Global Citizen announced Thursday a new campaign to support the reform of global banks and climate financing

The Independent UK

France, Barbados, Zambia back new climate finance advocacy campaign

The leaders of France, Spain, Barbados and Sierra Leone were among those to back a new coalition on Thursday aiming to accelerate the flow of climate-related finance to the world's poorest countries.

Reuters

Earth's warriors, young and old, keep battling and hoping

Young and old, famous and not so well known, there are many people from around the globe who make it their mission to try to save the planet, especially from the ravages of climate change

The Independent UK

Slow start on World Bank reform angers climate-hit countries

World Bank meetings in Washington were supposed to be a first step in a new era of affordable loans for developing nations hard hit by climate change

The Independent UK

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The Guardian - UK

Age of globalisation is now the age of instability – and we need a plan

Bridgetown Initiative could be way for rich nations’ development finance words to become action

Salon

Malpass resigns amid climate controversy

When asked about climate change, David Malpass said he’s “not a scientist.” Soon he won’t be a World Bank president

The Guardian - UK

It’s high time to rethink how the World Bank operates

Many believe there is little future in trying to tackle problems of the 2020s with institutions created in the 1940s

The Guardian - UK

Why World Bank head’s resignation is good news for climate crisis fight

David Malpass’s decision to quit has delighted frustrated developing nations, donors, experts and campaigners

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Salon

War accelerating clean energy adoption

Call it the Putin effect: Russia’s war is speeding up the global shift away from fossil fuels

The Conversation

How Putin’s war and small islands are accelerating the global shift to clean energy, and what to watch for in 2023

The year 2022 was a tough one for the growing number of people living in food insecurity and energy poverty around the world, and the beginning of 2023 is looking bleak.

The Guardian - UK

Barbados plans to make Tory MP pay reparations for family’s slave past

Richard Drax reported to have visited Caribbean island for meeting on next steps, including plans for former sugar plantation

Salon

Trillions needed to fight climate change

At COP 27, negotiators have been haggling over how to pay for the mounting costs of climate change

The Conversation

Tackling climate change will require reforming the World Bank and IMF – here are two options

A global transition to a low-carbon economy will require investments of at least US$4 trillion a year (£3.4 trillion) according to the implementation plan agreed at COP27 UN climate change summit in Sharm El-Sheikh, Egypt. Delivering this funding will involve nothing less than “a swift and comprehensive transformation of the…

The Independent UK

Barbados spearheads push on climate disaster financing

As climate-amped disasters ratchet up the suffering, the staid international finace system designed for an earlier age may be on the brink of change, driven by those on the front lines

The Guardian - UK

Climate-focused reform of World Bank could be done in a year, says Al Gore

Former US vice-president says bank should refocus its spending and end its role in ‘fossil fuel colonialism’

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