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Policy

COP29 closes with historic $1.3tr climate finance deal

Climate change

COP29 closes with historic $1.3tr climate finance deal

New $300bn target to be predominantly met by industrialised nations promises major boost to climate finance, but campaigners warn deal 'slammed the door in the face of developing countries'

clock 23 November 2024 • 10 min read
COP29 delivers 'full operationalisation' of Article 6, as hopes build for breakthrough in Baku

Carbon Trading

COP29 delivers 'full operationalisation' of Article 6, as hopes build for breakthrough in Baku

Baku Summit delivers breakthrough agreement on rules governing carbon markets, as reports suggest deal on climate finance could be imminent

clock 23 November 2024 • 5 min read
COP29: Dramatic walk out leaves climate finance deal hanging in the balance

Climate change

COP29: Dramatic walk out leaves climate finance deal hanging in the balance

Group of developing nations walk out of talks on climate finance text, arguing their concerns with the proposed deal have been ignored

clock 23 November 2024 • 8 min read
Reports: Industrialised nations prepare to up COP29 climate finance offer

Climate change

Reports: Industrialised nations prepare to up COP29 climate finance offer

UPDATED: But lack of fresh negotiating text means it remains unclear if strings will be attached to floated offer of $300bn a year in climate finance

clock 23 November 2024 • 5 min read
Global Briefing: Indonesia targets end to fossil fuel power by 2040

Politics

Global Briefing: Indonesia targets end to fossil fuel power by 2040

Plus all the top green business news from around this week, from Mexico's 2050 net zero target to lab grown meat in Hong Kong

clock 22 November 2024 • 7 min read
'An unwavering champion of climate action': Green figures pay tribute to John Prescott

Politics

'An unwavering champion of climate action': Green figures pay tribute to John Prescott

Tributes pour in for former Labour politician, who was a passionate campaigner on environmental issues and played an instrumental role in brokering the Kyoto Protocol

clock 22 November 2024 • 5 min read
COP29: New negotiating texts set up battle over climate finance deal

Climate change

COP29: New negotiating texts set up battle over climate finance deal

New draft negotiating texts point way to a compromise deal, but proposals for $250bn in finance from industrialised nations fall far short of developing economy asks

clock 22 November 2024 • 9 min read
COP29: Why business leaders want a 'clear commitment to transition away from fossil fuels'

Climate change

COP29: Why business leaders want a 'clear commitment to transition away from fossil fuels'

Over 250 major businesses have signed letter calling for COP29 to build on last year's pledge to accelerate global decarbonisation efforts

clock 22 November 2024 • 6 min read
COP29: UK unveils £239m forest protection funding boost

Biodiversity

COP29: UK unveils £239m forest protection funding boost

Fresh funding awards to forest-rich nations form part of UK's £11.6bn funding package, as weary negotiators in Baku seek to break deadlock

clock 22 November 2024 • 6 min read
Study: Government can apply lessons from solar success to turbocharge heat pump rollout

Technology

Study: Government can apply lessons from solar success to turbocharge heat pump rollout

Government can boost heat pump deployment by replicating policy stability and economic incentives that underpinned solar success, report claims

clock 22 November 2024 • 6 min read
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