Special Fund: It is too early to break the rod over the finance minister
Finance Minister Lars Klingbeil faces criticism for allegedly misusing funds from a new special infrastructure and climate neutrality fund, but the situation is more complex than it seems.
Green Finance of Policy Financial Institutions Reaches 69 Trillion Won, But More Than Half Falls Short of Government Standards
More than half of the green finance supplied by South Korea's policy financial institutions last year did not meet government standards, raising concerns about 'greenwashing'.
Africa: Climate Finance Has Failed Africa Twice Over - How to Fix It
Climate change is currently a crisis for Africa, resulting in floods, droughts, and health challenges that require substantial investment in adaptation and mitigation.
Roadmap for 'Climate Obligatory Disclosure' Released... Becomes a Measure for Evaluating Future Corporate Value
The Financial Services Commission of South Korea is set to officially announce a roadmap for mandatory climate disclosures next month, aiming to encourage a green transition in corporations.
Africa Needs 50 Million New Homes, but Building Is Bad for the Environment - How to Finance 'Green' Solutions
Africa faces a critical housing shortage of 50 million homes, but traditional construction methods contribute significantly to carbon emissions and environmental degradation, necessitating the pursuit of green building solutions.
Africa: Africa Urged to 'Mainstream' Homegrown Climate Adaptation
An analysis highlights the need for Africa to integrate locally-led climate adaptation efforts into economic planning and public finance systems for better resilience against climate risks.
Despite supply chain shocks... South Korea's public finance invests 13 times more in fossil fuels than renewable energy
South Korea's public finance has invested significantly more in fossil fuels compared to renewable energy, raising concerns amid ongoing global energy supply disruptions.
Reps back proposed green, climate finance bank
The Nigerian House of Representatives supports the establishment of a Green and Climate Finance Bank to boost renewable energy financing and climate investments.
Bank of Korea Participates in BIS Climate Response Corporate Bond Fund
The Bank of Korea has announced its participation in the BIS Climate Response Corporate Bond Fund, investing a portion of its foreign assets to support climate crisis responses and low-carbon economic transitions.
Tanzania: Innovative Finance Pilot to Unlock Investment
Tanzania launches a pilot project aimed at financing forest and landscape restoration, in collaboration with various stakeholders including local communities and financial institutions.
Mandatory ESG Disclosures for Large KOSPI Companies Starting in 2028... Climate Finance Expanded to 790 Trillion
Starting in 2028, large KOSPI-listed companies will be required to disclose their ESG practices, with climate finance expanding from 420 trillion to 790 trillion won.
Taxonomies of Green Finance
Countries worldwide are developing green finance taxonomies that categorize projects aimed at achieving environmental and social objectives, including climate change mitigation and adaptation, biodiversity, and circular economy.
Ethiopia Strengthens Strategic Partnerships With Major International Financial Institutions
Ethiopia has reinforced its partnerships with international financial institutions, exploring enhanced cooperation for development projects.
Kenya: Ruto Pushes Expanded Climate Financing in Talks With Green Climate Fund
President William Ruto emphasized Kenya's dedication to enhancing climate financing during a meeting with the Green Climate Fund Executive Director.
An economist helped her: a machinery company secured a million-dollar loan from the U.S. and expects more funds
Metalfor secured a $50 million direct loan from the U.S. International Development Finance Corporation to restructure its debt amid a turbulent financial climate for agricultural businesses in Argentina.
UK plans to cut climate finance support by 20% after a year of promise
The UK government is planning to cut climate finance support for developing countries by over 20%, just over a year after pledging to increase support at the global climate summit.
UK plans to cut climate finance to poor countries by a fifth despite promising more help
The UK plans to reduce its climate aid to impoverished nations by more than 20%, despite previous commitments to increase support, raising concerns about the potential impact on lives and livelihoods in these regions.
Playing casino with the climate
Climate change is altering landscapes and food production while reshaping the global financial system as financial markets begin to absorb risks that were once deemed exceptional.
Dax breaks 25,000 points: A strange record
Despite a negative global political climate, the Dax index has soared to unprecedented heights, raising questions about the behavior of stock markets.
New record costs of damage caused by climate change. The world counts the losses
The article discusses the regions most affected by extreme weather events in the past year, the ten most costly disasters, their financial and human impacts, and the implications of climate change for public finances in South and Southeast Asia, along with forecasts for adaptation costs for developing countries.
BASF Chief Financial Officer: "The Backbone of Industry is Still Strong"
BASF's CFO expresses concerns about competitiveness leading to reduced climate investment, yet emphasizes the long-term importance of climate initiatives.
BASF Chief Financial Officer: 'The Backbone of Industry is Still Strong'
BASF is slowing down its climate protection investments due to concerns over competitiveness, though CFO Elvermann insists the issue remains relevant long-term.
The Treasury will require autonomous communities and municipalities to report on the costs of climate change
The Spanish Ministry of Finance has updated the budgetary information requirements for autonomous communities and local entities to align with new European fiscal rules, amidst growing climate change denialism.