Vulnerable nations set to design and test loss and damage funding facility
Finance ministers from vulnerable nations have agreed to use philanthropic funds to demonstrate how a funding mechanism for victims of the climate crisis could work by Chloé Farand | April 25, 2021 | Published by Climate Home News | READ THE STORY HERE A coalition of vulnerable countries is getting to work to develop an international funding mechanism for victims of climate disasters. Finance ministers of the V20 group of vulnerable nations, a coalition of 48 developing countries, have agreed to design and test a funding facility to address the losses and damages of lives, [...]
Asia’s bet on gas looks increasingly risky
The region’s bloated pipeline of gas projects could lock in decades of high emissions, but recent price volatility may soon force a rethink by Chloé Farand | April 19, 2022| Published by China Dialogue | READ THE STORY HERE Across Asia, there are plans for more than 285 gigawatts of new gas-fired power plants, an expansion that would nearly double the region’s gas power capacity, according to Global Energy Monitor. Southeast Asian countries are planning about half of the additional capacity in response to an expected surge in post-pandemic demand, while dwindling domestic gas production [...]