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Politics

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: 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
The Baku big picture

Politics

The Baku big picture

Governments will have to recognise eventually that flows of climate finance have to increase and the transition away from fossil fuels is inevitable - it is in their interests to do it now, rather than later

clock 22 November 2024 • 5 min read
'Failure is not an option': Antonio Guterres urges COP29 negotiators to 'soften hard lines' and deliver historic climate finance deal

Climate change

'Failure is not an option': Antonio Guterres urges COP29 negotiators to 'soften hard lines' and deliver historic climate finance deal

UN Secretary-General urges exhausted diplomats to find common ground, warning failure to reach deal would jeopardise climate action

clock 21 November 2024 • 6 min read
'The fight is on': New COP29 negotiating texts reveal deep divisions over climate finance

Climate change

'The fight is on': New COP29 negotiating texts reveal deep divisions over climate finance

Frustration builds at Baku Summit, as insiders warn long-awaited draft texts have failed to provide a plausible landing ground for an ambitious deal

clock 21 November 2024 • 7 min read
Study: Half of economies already transitioning away from fossil fuels in their energy systems

Climate change

Study: Half of economies already transitioning away from fossil fuels in their energy systems

2024 will likely see another record year of coal, oil and gas consumption, but renewables trends mean the global energy market is nearing a turning point, new analysis claims

clock 21 November 2024 • 7 min read
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