As world leaders meet at the 2024 UN climate conference (COP29) in Azerbaijan, a new report by an international development agency on Thursday said people living in 10 most climate-vulnerable countries received less than $1 a year in climate finance.

Countries are negotiating a higher target for payments starting next year, but some have been reluctant to confirm its size until it is clear which countries will contribute.

As world leaders meet at the 2024 UN climate conference (COP29) in Azerbaijan, a new report by an international development agency on Thursday said people living in 10 most climate-vulnerable countries received less than $1 a year in climate finance.

India, LMDCs advocate for equitable climate finance at COP29, pushing for transparency, fairness, and flexibility in financial commitments

Currently, developed nations are expected to pay $100 billion a year but they haven’t stuck to agreed targets, and this system ends next year.

Here is what you need to know about the November 11-22 summit talks on finance.

India, LMDCs advocate for equitable climate finance at COP29, pushing for transparency, fairness, and flexibility in financial commitments

During the negotiations, the LMDCs emphasised the principle of “common but differentiated responsibilities” (CBDR) to address the pressing financial gaps hindering effective climate action

[Capital FM] Baku, Azerbaijan -- Kenya's Environment Cabinet Secretary, Aden Duale, has stressed the urgency of addressing climate change and securing financial support for vulnerable nations at the ongoing COP29 in Baku, Azerbaijan.

[Liberian Observer] What is COP29?

[Nile Post] Uganda's delegation is taking a proactive stance at COP29 in Baku, presenting ambitious strategies in climate finance, sustainable energy, and climate adaptation--key areas for developing nations.

[IMF] The Government of Côte d'Ivoire, announced today at COP29 in Baku a wide range of initiatives to catalyze climate financing in Côte d'Ivoire.

Britain's Prime Minister Keir Starmer delivers a statement during the United Nations climate change conference COP29, in Baku, Azerbaijan November 12, 2024. — Reuters

BAKU: Climate change remains a point of concern and contention for countries around the world who are now fighting...

Prime Minister Shehbaz Sharif addressing the Climate Finance Roundtable Conference, hosted by Pakistan, on the sidelines of COP29 Climate Action Summit in Baku, Azerbaijan, November 12, 2024. — PID

The post 2024 state of cities climate finance: The landscape of urban climate finance was curated by information for practice.

Last week, UN Trade and Development (UNCTAD) published its report on the quantitative and qualitative elements of the NCQG. It conveys a strong message that global climate finance needs a boost in both quantity and quality to address developing economies’ needs for a just transition towards sustainability and resilience. 

“Ultimately, the goal of the NCQG (New Collective Quantified Goal) on climate finance must be to transform the climate finance landscape and herald a new era of mutual trust, cooperation and climate action,” the UN Trade and Development (UNCTAD) report urges. 

[Capital FM] Baku, Azerbaijan -- At the COP29 climate conference in Baku, Azerbaijan, UN Secretary-General António Guterres emphasized the need for substantial and immediate financial commitments to support developing nations in addressing the severe impacts of climate change.

Climate finance and conflict dynamics on the road to COP27 21 September 2022 — 1:00PM TO 2:00PM Anonymous (not verified) 9 September 2022 Online

Stakeholders discuss the role of conflict and conflict sensitivity in climate finance and action.

With climate change, fragility and conflict challenges worsening, the role of international climate finance is more urgent than ever.

From the implementation of climate finance and who it reaches to the rush for renewable energy, the inclusion of conflict analysis and conflict sensitivity principles often remain absent from climate finance discussions and planning.

With COP27 around the corner and for the occasion of International Peace Day, stakeholders ranging from government representatives to climate activists discuss their perspectives on the role of conflict and conflict sensitivity as part of climate finance and action.

This event was organized in partnership with International Alert.

Developing countries will need trillions of dollars in the years ahead to deal with climate change -- but exactly how much is needed, and who is going to pay for it?

Climate finance will come under intense scrutiny during COP29, and its distribution aligned with scientific analysis of the impacts of climate change, but the methodology ignores the inequality in research networks of the Global South.

Asia and the Pacific is central to global climate change efforts, but robust capital markets are needed to mobilize private climate finance. Sustainable finance frameworks, transition finance, and carbon markets can build deeper markets that empower climate action.

COP29 is “the finance COP.” We explain climate finance, how it relates to water and what to expect at this year's sessions.

The post Climate finance and water    first appeared on International Water Management Institute (IWMI).

India's national statement is scheduled for November 18-19

Global climate finance flows were $803 billion per year on an average in 2019–2020

Why are developing countries more vulnerable to climate change? How does the United Nations Framework Convention on Climate Change define climate finance? Why have the figures mentioned in the OECD report been called into question? Does India need climate financing?

Climate finance issues expected to come up at COP29 in Baku; floods in western and central Africa, and the Chennai Urban Farming Initiative

G77 and China rejected the substantive framework for a draft negotiating text prepared by the co-chairs of the Ad-Hoc Work Programme on the New Collective Quantified Goal (NCQG), arguing that it does not accurately reflect the concerns raised by developing countries. 

India’s key priorities at the conference are likely to focus on ensuring accountability for developed nations on climate finance, strengthening resilience for vulnerable communities, and achieving an equitable energy transition, experts anticipate

India is expected to stick to its stance of getting developed countries to increase climate finance, with a highly placed official saying, “We are flexible and open to different kinds of finance.” The official told The Hindu, “A key concern is that developed countries are trying to include developing countries (China and India) using new terms such as ‘major economies’ in a bid to get them to be part of NCQG.”

India’s COP29 strategy emphasises climate finance, accountability, and protection for vulnerable communities, urging developed nations to fulfill climate pledges

With developing countries burdened by the climate crisis they did not cause, the critical question is whether negotiations on global climate finance will deliver outcomes or just promises

Developed countries need to be held to account for climate finance actions. Besides, private finance and its debt burden pose difficulties

The new figure is a more than 60% increase on what the group of 10 multilateral development banks (MDBs) had funnelled to poorer nations last year

The OECD offers impartial data and evidence-based policy advice on scaling-up climate finance, and incentivising green infrastructure investment and low-carbon technologies.

The paper reviews a number of commercial and public data sources to examine their potential for increasing coverage and understanding of the volume and characteristics of private climate finance beyond renewable energy projects. Such information is needed to assess progress towards the global transition to low-carbon, climate-resilient economies.

This study uses a unique dataset of investment flows to analyse the role of two categories of public interventions (finance and policies) in mobilising flows of private climate finance worldwide and in the more specific context of flows to and in developing countries. The objectives are threefold. Find out more.

In order to help address climate finance-related information needs under the UNFCCC, this paper explores the extent to which currently-available secondary data make it possible to estimate private finance mobilised by developed countries for climate action in developing countries.

This brief is a contribution to the 22nd Conference of the Parties to the United Nations Framework Convention on Climate Change (COP22) and a submission of recommendations for the renewal of the Lima Work Programme on Gender. It provides an overview of how well members of the OECD Development Assistance Committee (DAC) are integrating gender equality into their bilateral aid to climate change.

Public climate finance from developed to developing countries totalled USD 56.7 billion in 2017, up 17% from USD 48.5 billion in 2016, according to new data compiled by the OECD.

Climate finance provided and mobilised by developed countries for climate action in developing countries reached USD 71.2 billion in 2017, up from USD 58.6 billion in 2016, according to new estimates from the OECD.

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Research Event

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Executive Summary Are climate finance contributor countries, multilateral aid agencies and specialized funds using widely accepted best practices in foreign assistance? How is it possible to measure and compare international climate finance contributions when there are as yet no established metrics or agreed definitions of the quality of climate finance? As a subjective metric, quality…