Tag #Climate Finance

taz.de
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German Commission Recommends Strategic Shift in Global South Relations

A German commission, led by former Defense Minister Annegret Kramp-Karrenbauer, recommends a more strategic, interest-driven approach to relations with the Global South, proposing new alliances, better coordination of development cooperation, and expanding the Federal Security Council to define nati...

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44% Bias Score

Partnerships for the Goals
dw.com
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BlackRock Withdraws from Net-Zero Climate Initiative

BlackRock, the world's largest asset manager, withdrew from the Net Zero Asset Managers initiative, following several Wall Street banks' departures from similar climate alliances; while some claim this won't alter investment practices, others see it as weakening climate investment pressure.

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40% Bias Score

Climate Action
theglobeandmail.com
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Canadian Banks Question Effectiveness of Net-Zero Banking Alliance

Major Canadian banks voiced concerns about the Net-Zero Banking Alliance's effectiveness in combating climate change, following the withdrawal of several large U.S. banks, raising questions about the future of the global initiative and the adoption of alternative approaches to achieve net-zero targe...

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44% Bias Score

Climate Action
liberation.fr
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France Raises Insurance Costs Amid Rising Climate Disaster Costs

The French government raised the annual cost of natural catastrophe insurance from \u20ac25 to \u20ac40 per household due to increased costs of extreme weather events, with 1,500 municipalities facing difficulties in securing insurance.

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56% Bias Score

Climate Action
africa.chinadaily.com.cn
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COP29 Sets New Climate Finance Goal; China's Role and Opportunities

COP29 established a new \$300 billion climate finance goal, with China contributing approximately \$4.5 billion annually (2013-2022), representing about 6 percent of developed countries' contributions; however, the quality and transparency of China's finance need improvement.

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44% Bias Score

Climate Action
forbes.com
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COP29 Secures $300 Billion Climate Finance Pledge, but Funding Gap Remains

COP29 in Baku secured a "New Collective Quantified Goal" pledging $300 billion annually by 2035 for climate finance, along with rules for carbon-funded projects, despite challenges from a relatively low profile and Azerbaijan's fossil fuel reliance.

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40% Bias Score

Climate Action
euronews.com
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UN Chief Demands Urgent Climate Action, Highlights Renewable Energy and Fossil Fuel Phase-Out

UN Secretary-General Antonio Guterres declared a "raging climate crisis" at the General Assembly, demanding immediate action including tripling renewable energy by 2030, peaking global emissions this year, and phasing out fossil fuels to limit warming to 1.5 degrees; he also stressed the need for in...

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40% Bias Score

Climate Action
dw.com
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COP29: $300 Billion Climate Finance Deal Reached, Falling Short of Scientific Requirements

The COP29 climate conference in Baku agreed to provide $300 billion annually in climate finance for the next 10 years, far less than the amount scientists deemed necessary, prompting protests and highlighting the challenges of securing global climate action.

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56% Bias Score

Climate Action
dw.com
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Philippines Hosts Climate Loss Fund Amidst Devastating Typhoon Season

The Philippines, hosting the Loss and Damage (L&D) Fund board in 2024, grapples with the devastating impacts of increasingly frequent typhoons, highlighting the urgent need for increased climate finance; despite the fund's establishment, a critical funding gap remains, with only \$750 million pledge...

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40% Bias Score

Climate Action
usa.chinadaily.com.cn
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COP29 Sets New Climate Finance Goal; China's Role Debated

COP29 in Baku set a new climate finance goal of at least \$300 billion annually, with developed countries taking the lead; China's climate finance contribution averaged nearly \$4.5 billion yearly (2013-2022), though the quality and transparency of this finance is debated.

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32% Bias Score

Climate Action
abcnews.go.com
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Guterres Urges Rich Nations to Meet Climate Finance Commitments to Africa

UN Secretary-General António Guterres urged developed nations to deliver $300 billion annually in climate finance, highlighting Africa's disproportionate vulnerability to climate change despite minimal contribution and emphasizing the need for a swiftly operationalized Loss and Damage Fund during hi...

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40% Bias Score

Climate Action
usa.chinadaily.com.cn
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G20 Pledges Increased Climate Finance, but Funding Gap Remains

The 2024 G20 summit in Rio de Janeiro resulted in a pledge to triple annual climate finance to $300 billion by 2035, falling short of the estimated $1.3 trillion needed for effective climate action; this agreement highlights the global commitment to sustainable development while emphasizing the need...

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48% Bias Score

Climate Action