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'Utterly shameful': Richer nations delay meeting $100bn climate finance target until 2023

Business Green

The new funding package for the 2020 to 2025 period does mark an increase on previous levels of climate finance, but the failure to meet the 2020 deadline was still widely interpreted as a major blow to the long-running international climate negotiations that are set to resume at next week's COP26 Climate Summit in Glasgow.

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'Overdelivered on the politics, but underdelivered on the science': The experts' take on COP26

Business Green

Business and policy leaders reflect on the major wins from the Glasgow Summit, what needs to happen next, and why COPs could look and feel difficult from now on. goal established by the Paris Agreement, after all, and developed nations failed to meet their $100bn climate target - set in 2009 for 2020 - ahead of the conference.

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'We are witnessing the impacts of a disorderly transition': CCC boss Chris Stark on net zero in the wake of Covid-19

Business Green

So I don't think it's as easy as saying it's going to be harder or easier, but I am very, very clear that there are some very problematic risks to achieving net zero and the Paris goals if we take the wrong response to the recovery, as we did in 2009.". Building back better. The 'strategic clarity' of net zero.

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The Body Shop is bringing youth perspective to the boardroom - Should you?

Business Green

The thinking, and the people who created this problem in historic seats of power, are not the thinking and the people who are going to solve this problem," noted activist Clover Hogan during The Body Shop's initial meeting at COP. That would be my first provocation. We need to sit in a transformative place. Welcome to the boardroom.

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COP26: Postpone, virtual, or as you were?

Business Green

It's the first time that both conventions have had 'super-summits' in the same year, with China due to host the CBD in October and the UK the climate COP in November. And so, perhaps, will the Glasgow COP. See where I'm going with this? That's right. The wording is very explicit: these things should happen 'by 2020', not 'by COP26'.

COP 54
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COP26 delay speculation mounts, as calls grow for green stimulus blitz

Business Green

Given this is an evolving situation we are keeping the situation under careful review and are in frequent contact with the UN, Chile (as current COP president) and other partners.". "We continue to work towards hosting the event in Glasgow in November, which is eight months away," she said.

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Keeping 1.5C alive: Is COP26 on track to deliver on its goals?

Business Green

President Joe Biden said he would double US climate finance for developing nations, to $11.4bn a year, a salve after rich nations have lagged a 2009 pledge of $100bn a year by 2020. But analysts fear he is running out of time to deliver on his promises and may land in Glasgow with an underpowered domestic package.