UN-backed fund pledges $1bn for 19 climate action projects

It was set up to respond to climate change by investing in low-emission and climate-resilient development

Norway pledges NOK1bn for renewable energy in developing nations

That’s more than double the support from this year, which stands at NOK495 million (£45.7m)

World Bank commits $1bn for battery storage in developing nations

It will finance projects such as utility-scale solar parks with battery storage, off-grid systems and stand-alone batteries that can help stabilise grids

UN: Fracking should be approached with caution

It suggests investments in shale gas should not be made at the expense of energy efficiency and renewable power deployment

EU commits €350m to tackle climate change

The European Comission has pledged €350 million (£250m) to tackle climate change in developing countries. It will be made available until 2020 under a new phase under the Global Climate Change Alliance (GCCA). The new phase is called the Global Change Alliance plus (GCCA+) which is expected to become one of Europe’s key tools to […]

New ‘Lab’ to unlock private climate finance for developing nations

Governments and experts from across the international financial sector came together in London to consider new options to raise private finance for climate projects in developing countries. The UK, US and Germany launched the Global Innovation Lab for Climate Finance, a public-private initiative that aims to spur investment in low carbon, climate-resilient infrastructure in developing […]

Half a billion dollars of green investment pledged to developing nations

More than $450 million (£333m) of green investment has been pledged between businesses, governments and other organisations at the Global South-South Development Expo in Nairobi, according to the United Nations. The purpose of the forum is to cultivate ‘south-south’ co-operation between developing countries, which are often referred to as the ‘global south’. The event was […]

Obama’s new plans to fight climate change

US President Barack Obama has unveiled his latest proposals to prepare the US for climate change, which includes slashing carbon emissions. Speaking at Georgetown University in Washington D.C. yesterday, the President called for the US Environmental Protection Agency (EPA) to put an end to limitless dumping of carbon pollution from power plants and set limits […]

British kids call for action on climate change

Three quarters of young children in Britain are “deeply concerned” about the impact of climate change, a new survey reveals. It found children aged between 11-16 are worried about how climate change will affect their lives and said they would like the Government to do more to combat it. Two thirds of those surveyed were […]

Sustainable solar lighting for developing countries

Replacing millions of kerosene lamps and flashlights in developing countries with sustainable off-grid lighting could cut global energy usage and save more than $110 billion (£72bn). That’s according to new studies from the United Nations Environment Programme (UNEP), which found 5% of global energy use could be cut every year – equivalent to closing more […]