UK commits £170m for climate projects in developing countries

Prime Minister Theresa May also pledged to share the UK’s expertise to help nations transition to cleaner and greener energy systems

Insurance scheme to protect poor from climate risks

A new insurance scheme to help poor people in Asia and Africa deal with the challenges arising from climate disasters has been launched. It is expected to meet nearly 1% of the ambitious goal of the G7 countries to increase access for around 400 million uninsured people in developing nations to insurance products. The African […]

New initiative to help ramp up finance for climate action

A new initiative to help boost finance for climate action in developing countries has been announced. The UN and World Bank are joining forces for the Invest4Climate platform to bring together national governments, financial institutions, private sector investors, philanthropies and multilateral banks. The project will link up investors with high impact opportunities such as large […]

Germany leads green finance for developing nations

Germany is to further develop a finance platform to help developing nations become more sustainable. The ‘GreenInvest’ platform will help ensure developing countries have a voice in the evolution of green finance initiatives and practices as they are often at the most risk from climate change. As part of its G20 Presidency, Germany’s Federal Ministry for Economic Cooperation and […]

UK pledges £50m for renewables in developing nations

The UK Government has earmarked £50 million in funding to help developing nations tackle climate change. The money will be transferred from the existing £3.87 billion that has already been committed to the International Climate Fund (ICF). The funding has been granted to the Climate Development Finance Facility (CDFF), which aims to encourage private sector […]

UK to help developing nations tackle climate change

A new government initiative that aims to use the UK’s climate adaptation expertise to help other nations tackle climate change has been launched. Energy Secretary Ed Davey met with representatives from the Met Office, Environment Agency and other government departments yesterday to create a package for developing countries. Examples include the Met Office using its […]

Oil slump could benefit developing nations – World Bank

The fall in global oil prices could benefit some developing countries if supported by stronger global growth, according to the World Bank. Its latest analysis suggests soft oil prices are expected to continue in 2015 and for many oil-importing nations, lower prices contribute to growth and reduce “inflationary, external and fiscal pressures”. However, weak oil […]

UK pledges £720m to international climate fund

The UK has committed up to £720 million to an international fund to help developing nations adapt to climate change. The Green Climate Fund will target poor countries in an effort to help them reduce greenhouse gas emissions. The UK’s contribution takes the fund to around $9 billion (£5.7bn), which includes investments from the US, […]

Developing nations to share power

South Asian countries could prevent power cuts by sharing load across neighbouring electricity grids says a new study. US analysts GBI Research have published a report which says the increasing demand for power in the developing nations of the Indian sub-continent could be met by sharing load across grids and trading power amongst themselves. India, […]

Biofuel or bio foe?

Should the UK keep on using biomass sourced from developing countries? ELN explores the debate.