Egypt climate envoy sees international funds helping developing industries decarbonise
Mahmoud Mohieldin, Egypt's climate champion, speaks during an interview with Reuters in Cairo Egypt, September 12, 2022. REUTERS/Amr Abdallah Dalsh/File...
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Exclusive: France, US to propose ban on private finance to coal-fired plants at COP28 – sources
'Cop28 UAE' logo is displayed on the screen during the opening ceremony of Abu Dhabi Sustainability Week (ADSW) under the theme of 'United on Climate Action Toward COP28', in Abu Dhabi, UAE, January 16, 2023. REUTERS/Rula Rouhana/File Photo Acquire Licensing RightsNEW DELHI/BRUSSELS/WASHINGTON, Nov 21 (Reuters) - France, backed by the United States, plans to seek a halt to private financing for coal-based power plants during the U.N. climate conference later this month, three sources familiar with the deliberations told Reuters in India and Europe.The plan, which was communicated to India...
EU backs fund focused on cutting energy wastage
European Union flags fly outside the European Commission in Brussels, Belgium November 8, 2023. REUTERS/Yves Herman/File Photo Acquire Licensing RightsLONDON, Nov 20 (Reuters) - A private fund that plans to build power projects on sites such as hospitals and data centres to reduce energy wastage has secured backing from the European Union's investment arm.The European Investment Fund (EIF) said it had invested 125 million euros in the 'Green Energy Solutions Fund', which is run by Sustainable Development Capital (SDCL).The investment helped the fund hit its fundraising target of 650 million...
World Bank poised to host climate loss and damage fund, despite concerns
Local resident Tarusila Boseiwaqa walks along a sea wall that no longer protects homes from the intrusion of water at higher tides, as a rainbow forms over Serua Village, Fiji, July 14, 2022. REUTERS/Loren Elliott/File Photo Acquire Licensing RightsNov 4 - Countries moved a step closer on Saturday to getting a fund off the ground to help poor states damaged by climate disasters, despite reservations from developing nations and the United States.The deal to create a "loss and damage" fund was hailed as a breakthrough for developing country negotiators at...
Tensions soar over new fund for climate ‘loss and damage’ ahead of COP28
Committee fails to adopt recommendations to set up fundDeveloping nations reject proposal of World Bank as hostTime running short to...
Barbados and beyond: EU’s lending arm working on string of ‘debt-for-climate’ swaps
European Union flags fly outside the EU Commission headquarters in Brussels, Belgium September 19, 2019. REUTERS/Yves Herman/File Photo Acquire Licensing...
EU lawmakers push to weaken corporate sustainability disclosure
European Commissioner for Financial Stability, Financial Services and the Capital Markets Union, Mairead McGuinness speaks during the press conference on...
Yellen sticks to view U.S. economy headed for soft landing
U.S. Secretary of Treasury Janet Yellen holds a news conference at the Museum of the Water Civilization in Morocco on...
IMF says global economy ‘limping along,’ cuts growth forecast for China, euro area
Global growth forecast unchanged at 3.0% in 2023Inflation dropping but 'not quite there yet'-IMF chief economistIMF raises U.S. forecast, cuts...
Shortfall in climate change cash grows ahead of COP28
A general view shows the plenary hall during an international replenishment conference for the United Nations Green Climate Fund in Bonn, Germany, October 5, 2023. REUTERS/Wolfgang Rattay Acquire Licensing RightsUN climate fund adds cash but still below targetUN warns of surging need for funds to cope with climate changeJapan adds $1 bln to fund, US money still missingGermany asks China, Gulf states to contributeBERLIN/BRUSSELS, Oct 5 (Reuters) - The United Nations' main fund for helping vulnerable countries cope with climate change said on Thursday it had raised $9.3 billion, falling...