climate

U.S. Commits $3 bn to Green Climate Fund at COP28

United States Vice President Kamala Harris, addressing the U.N. COP28 climate summit in Dubai, declared a new $3 billion commitment to the Green Climate...

US Unveils Methane Rules at COP28 to Curtail Oil and Gas Industry Emissions

The Joe Biden administration introduced long-awaited regulations targeting methane emissions from the U.S. oil and gas sector at the United Nations COP28 climate summit...

Cities Worldwide Face Alarming Climate Finance Shortfall, Study Reveals at COP28

A study released during the sidelines of the COP28 climate talks by the Cities Climate Finance Leadership Alliance (CCFLA) has underscored a severe lack...

COP28 – World Bank Unveils Ambitious Plan for Global Carbon Markets Growth

The World Bank has revealed ambitious plans aimed at propelling the growth of high-integrity global carbon markets. This initiative involves 15 countries poised to generate...

COP28 Witnesses Unprecedented Climate Funding Pledges, Drives for Transformative Change

Governments, financial institutions, and corporations came together at COP28, rallying to address the global urgency of climate financing. The summit, led by the United...

World Bank Intensifies Climate Commitment and Debt Relief Measures at COP28

World Bank President Ajay Banga unveiled ambitious initiatives at the COP28 climate conference in Dubai, signaling a resolute shift toward climate-related projects and extended...

Charities and World Bank’s Investment Arm Unite to Mobilize $11 bn for Climate Finance

Leading charities have partnered with the World Bank’s private investment arm to establish the Allied Climate Partners (ACP) platform, aiming to raise a monumental...

UAE Launches $30 bn ALTERRA Climate Fund to Galvanize $250 Billion Investments by 2030

United Arab Emirates President Sheikh Mohammed Bin Zayed Al Nahyan, hosting the COP28 climate summit, unveiled the ambitious ALTERRA climate fund, a $30 billion...