* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Saturday, October 4, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Books about the arts and some haunts for a Denton October – Denton Record-Chronicle

    Uncover Artistic Treasures and Spooky Adventures to Experience in Denton This October

    Taylor Swift Releases New Album The Life of a Showgirl : Listen and Read the Full Credits – Yahoo

    Taylor Swift Releases New Album The Life of a Showgirl : Listen and Read the Full Credits – Yahoo

    Toni Braxton Is Turning Her Biggest Hits Into Lifetime Movies – Yahoo

    Toni Braxton Is Turning Her Biggest Hits Into Lifetime Movies – Yahoo

    Major airline to offer new in-flight entertainment options for passengers – PennLive.com

    Major airline to offer new in-flight entertainment options for passengers – PennLive.com

    Penn State-Themed Restaurant and Entertainment Spot Happy Valley Live Set to Open in State College – StateCollege.com

    Penn State-Themed Restaurant and Entertainment Spot Happy Valley Live Set to Open in State College – StateCollege.com

    The Police Made Chart History With This 1979 Hit Nearly 50 Years Ago – Yahoo

    How The Police Changed Music Forever with Their Iconic 1979 Hit Nearly 50 Years Ago

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Technology Is Becoming More Important Than Humans In CX – No Jitter

    Technology Is Becoming More Important Than Humans In CX – No Jitter

    A Tech Expo Shows What China Can Make, but Not Who’ll Buy It All – The New York Times

    Inside China’s Tech Expo: Cutting-Edge Innovations Face Uncertain Demand

    Steampunk Metal Oval Technology Sense Sunglasses Personality Handmade Chain Multicolor Sunglasses UV400 – The San Joaquin Valley Sun

    Steampunk Metal Oval Sunglasses with Handmade Multicolor Chain – Bold UV400 Protection and Unique Style

    STELLA Automotive AI Appoints Fred Seidelman as Chief Technology Officer – Yahoo Finance

    STELLA Automotive AI Appoints Fred Seidelman as New Chief Technology Officer

    Saving Energy and Money with Smart Technology – Terms of Service with Clare Duffy – Podcast on CNN Podcasts – CNN

    Saving Energy and Money with Smart Technology – Terms of Service with Clare Duffy – Podcast on CNN Podcasts – CNN

    Four Strategic Signals Technology Leaders Are Tuning In To – SPONSOR CONTENT FROM ARM – Harvard Business Review

    Four Essential Strategic Signals Every Technology Leader Should Watch

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Books about the arts and some haunts for a Denton October – Denton Record-Chronicle

    Uncover Artistic Treasures and Spooky Adventures to Experience in Denton This October

    Taylor Swift Releases New Album The Life of a Showgirl : Listen and Read the Full Credits – Yahoo

    Taylor Swift Releases New Album The Life of a Showgirl : Listen and Read the Full Credits – Yahoo

    Toni Braxton Is Turning Her Biggest Hits Into Lifetime Movies – Yahoo

    Toni Braxton Is Turning Her Biggest Hits Into Lifetime Movies – Yahoo

    Major airline to offer new in-flight entertainment options for passengers – PennLive.com

    Major airline to offer new in-flight entertainment options for passengers – PennLive.com

    Penn State-Themed Restaurant and Entertainment Spot Happy Valley Live Set to Open in State College – StateCollege.com

    Penn State-Themed Restaurant and Entertainment Spot Happy Valley Live Set to Open in State College – StateCollege.com

    The Police Made Chart History With This 1979 Hit Nearly 50 Years Ago – Yahoo

    How The Police Changed Music Forever with Their Iconic 1979 Hit Nearly 50 Years Ago

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Technology Is Becoming More Important Than Humans In CX – No Jitter

    Technology Is Becoming More Important Than Humans In CX – No Jitter

    A Tech Expo Shows What China Can Make, but Not Who’ll Buy It All – The New York Times

    Inside China’s Tech Expo: Cutting-Edge Innovations Face Uncertain Demand

    Steampunk Metal Oval Technology Sense Sunglasses Personality Handmade Chain Multicolor Sunglasses UV400 – The San Joaquin Valley Sun

    Steampunk Metal Oval Sunglasses with Handmade Multicolor Chain – Bold UV400 Protection and Unique Style

    STELLA Automotive AI Appoints Fred Seidelman as Chief Technology Officer – Yahoo Finance

    STELLA Automotive AI Appoints Fred Seidelman as New Chief Technology Officer

    Saving Energy and Money with Smart Technology – Terms of Service with Clare Duffy – Podcast on CNN Podcasts – CNN

    Saving Energy and Money with Smart Technology – Terms of Service with Clare Duffy – Podcast on CNN Podcasts – CNN

    Four Strategic Signals Technology Leaders Are Tuning In To – SPONSOR CONTENT FROM ARM – Harvard Business Review

    Four Essential Strategic Signals Every Technology Leader Should Watch

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home General

UN climate chief calls for “quantum leap in climate finance”

April 11, 2024
in General
UN climate chief calls for “quantum leap in climate finance”
Share on FacebookShare on Twitter

Simon Stiell says far more money is required for developing countries to submit bold new climate plans, which would benefit all economies

The head of the United Nations climate body, Simon Stiell, said on Wednesday a “quantum leap” in climate finance is needed for many countries to be able to submit strong new climate action plans next year.

“It’s hard for any government to invest in renewables or climate resilience when the treasury coffers are bare, debt servicing costs have overtaken health spending, new borrowing is impossible and the wolves of poverty are at the door,” he said in a major speech at the Chatham House think-tank in London.

Climate finance has traditionally consisted mainly of wealthy governments and multilateral development banks giving loans and grants to developing countries to help them reduce planet-heating emissions and adapt to climate change.

But Stiell’s speech focused heavily on other sources of finance, which would not burden taxpayers in rich nations but are unlikely to be agreed in time for next year’s round of climate plans under the Paris Agreement.

Stiell said governments must agree at the Cop29 UN climate summit this year “a new target for climate finance that meets developing country needs”. But, he added, “it’s not enough to agree a target. We need a new deal on climate finance between developed and developing countries.”

Billionaires and boats

That would include “new sources of international climate finance, as the G20, International Maritime Organization (IMO) and others are working on”, he noted.

The Brazilian government, as chair of the G20, wants the group’s 20 major economies to agree a minimum tax on billionaires, and has hinted that some of this levy could be spent on climate finance.

Spring Meetings can jump-start financial reform for food and climate

But this has not been agreed – and is likely to prove controversial. E3G analyst Sima Kammourieh said geopolitical splits over the wars in Ukraine and Gaza had held back G20 negotiations, as had the recent death of the Brazilian diplomat leading the discussions, Daniel Machado da Fonseca.

Governments at the IMO, meanwhile, have agreed to put a price on shipping emissions. But the IMO and government shipping negotiators have suggested they want most of this money to be used to clean up the shipping industry, not for broader climate finance such as the new UN loss and damage fund.

Spring meetings

Ahead of next week’s spring meetings of the World Bank and International Monetary Fund (IMF), Stiell reiterated his support for the Bridgetown Agenda, a set of international financial reforms that would shift more multilateral funding into tackling climate change.

“The Spring Meetings are not a dress rehearsal. Averting a climate-driven economic catastrophe is core business,” Stiell said. “It can’t slip between the cracks of different mandates.”

So far, the biggest reform agreed is a change to the World Bank’s debt-to-equity ratio of 1%. That will free up $4 billion a year – but while reformers are calling for more, opponents fear credit rating agencies will downgrade the bank, making it more expensive to borrow money.

European court rules climate inaction by states breaches human rights

The newest proposal in Stiell’s speech was his call for the IMF to make “more use” of an obscure pot of money called the Catastrophe Containment Relief Trust (CCRT).

The CCRT provides grants for debt relief to the world’s poorest countries when they are hit by disasters that meet a preset threshold of destruction.

But the IMF’s latest annual report described the trust as “critically underfunded” with “insufficient resources to provide significant relief” when another disaster strikes.

Old-fashioned finance?

French President Emmanuel Macron has been a vocal supporter of a new global pact on finance that would push more money into climate action into debt-strapped developing nations, hosting many world leaders at a summit in Paris last year to discuss the reforms.

But last month, France cut its aid budget by 12.5%. The UK has also reduced its aid spending in recent years, and shuffled the numbers to count more as climate finance – while a potential Donald Trump victory threatens the US’s already relatively low level of international climate funding.

Former French diplomat, Laurence Tubiana, who is now chair of the European Climate Foundation, told journalists yesterday that in Europe the “fiscal space is just non-existent”, adding “the agenda of the day is to cut public spending”.

But Sara Jane Ahmed, finance adviser to the V20 group of climate-vulnerable countries, told Climate Home that rich nations can create more fiscal space by printing money, borrowing, taxing or cutting spending elsewhere.

In London, Stiell said a “quantum leap in climate finance is both essential and entirely achievable”, and argued that providing more is in the interests of powerful developed countries.

Without climate finance, he said, poorer nations would not submit bold new climate plans and then “all economies, the G7’s included, will soon be in serious and permanent strife”.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : ClimateHomeNews – https://www.climatechangenews.com/2024/04/10/un-climate-chief-calls-for-quantum-leap-in-climate-finance/

Previous Post

Spring Meetings can jump-start financial reform for food and climate 

Next Post

Emi Membere-Otaji weighs in on Rivers’ political crisis for sake of businesses

Dodgers’ Roki Sasaki opens up about pitching in relief – Yahoo Sports

Dodgers’ Roki Sasaki opens up about pitching in relief – Yahoo Sports

October 4, 2025
Ageing and health – World Health Organization (WHO)

Ageing and health – World Health Organization (WHO)

October 3, 2025
CFOs confident in their own companies but not in the economy – CFO.com

CFOs Reveal Unshakable Confidence in Their Companies Amid Economic Uncertainty

October 3, 2025
Books about the arts and some haunts for a Denton October – Denton Record-Chronicle

Uncover Artistic Treasures and Spooky Adventures to Experience in Denton This October

October 3, 2025
WFSD Announces Northwell Mental Health Partnership – William Floyd School District

WFSD Announces Northwell Mental Health Partnership – William Floyd School District

October 3, 2025
The current state of shutdown politics – CNN

Inside the High-Stakes Battle Over Government Shutdowns

October 3, 2025
Bhagwat rings ‘warning bell’ on Himalayas, ecology threats – Times of India

Bhagwat rings ‘warning bell’ on Himalayas, ecology threats – Times of India

October 3, 2025
117-Year-Old Woman’s Diet Could Help Us All Live Longer – ScienceAlert

117-Year-Old Woman’s Diet Could Help Us All Live Longer – ScienceAlert

October 3, 2025
The Best Time to Eat Breakfast, Backed by Science—and Why It Matters More Than You Think – Real Simple

The Ideal Time to Eat Breakfast: Surprising Science-Backed Reasons Why It Matters

October 3, 2025
Lifestyle and stress erode heart health advantage in long-term US immigrants – News-Medical

Lifestyle and stress erode heart health advantage in long-term US immigrants – News-Medical

October 3, 2025

Categories

Archives

October 2025
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031  
« Sep    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (849)
  • Economy (870)
  • Entertainment (21,744)
  • General (17,392)
  • Health (9,913)
  • Lifestyle (882)
  • News (22,149)
  • People (871)
  • Politics (881)
  • Science (16,080)
  • Sports (21,371)
  • Technology (15,852)
  • World (853)

Recent News

Dodgers’ Roki Sasaki opens up about pitching in relief – Yahoo Sports

Dodgers’ Roki Sasaki opens up about pitching in relief – Yahoo Sports

October 4, 2025
Ageing and health – World Health Organization (WHO)

Ageing and health – World Health Organization (WHO)

October 3, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version