Ahead of UN climate summit, rich countries stumble with dismal finance offer

2021-10-27T15:51:17+08:0027 Oct 2021|Tags: , , , , , , , |

MANILA, October 27, 2021 — Developed countries are projected to raise USD 100 billion in climate finance annually in 2023, three years later than pledged, according to a report released by the United Kingdom days before the United Nations climate summit is set to begin this Sunday. Rich countries pledged back in 2009 to raise [...]

Climate Vulnerable Forum launch Global Parliamentary Group

2021-11-06T11:31:49+08:0026 Oct 2021|Tags: , , , , |

October 26, 2021 | Published by the Climate Vulnerable Forum | READ THE STORY HERE Climate vulnerable nations launch historic parliamentarians’ group to further climate action just days ahead of Glasgow COP The dedicated initiative will enable South-South cooperation to build on the work of the CVF and V20 Former UNSG believes that “parliamentarians of [...]

NGOs say ADB climate financing targets not ambitious enough

2021-10-19T23:15:19+08:0017 Oct 2021|Tags: , , , , , , , |

by Angelica Y. Yang | October 17, 2021 | Published by BusinessWorld | READ THE STORY HERE A network of civil society groups said the Asian Development Bank’s (ADB) updated climate financing target of $100 billion is “un-ambitious,” adding that the eligibility requirements for projects to be funded are vague. The banks’ new financing target [...]

ICSC lauds stronger calls, bolder moves for climate action at UNGA 2021

2021-09-22T16:11:34+08:0022 Sep 2021|Tags: , , , , , , , , , , , , , , |

MANILA, 22 September 2021 -- Chinese President Xi Jinping and United States President Joseph Biden pledged climate and energy commitments today at the 76th United Nations General Assembly (UNGA), answering calls for urgent climate action from President Rodrigo Duterte and other world leaders. Xi vowed that China will halt new coal-fired power projects abroad, following similar [...]