During COP29's side event 'Unveiling the Money Trail: Climate Finance Accountability through Local Tracking and Validation' Financing the fight against climate change doesn’t come cheap. As the world grapples with increasingly severe climate impacts, the financial toll is staggering. Trillions of...
Manila-based Asian Development Bank (ADB) has approved a $14.8 million (P856.8 million) technical assistance grant to boost climate action, drive innovation, and enhance private sector growth in its regional projects. ADB, in its Dec. 5 statement, said the assistance will support initiatives in...
Climate Reality Project branches from across the globe joined forces in Singapore for a four-day workshop on climate finance tracking and campaigning. The goal? To ensure developing countries receive the resources they desperately need to combat climate change. Organized by The Climate...
DUBAI, UAE – Multilateral lending firm Asian Development Bank (ADB) sees biggest potential for carbon emissions reduction with the energy transition mechanism (ETM) being pushed for the retirement or repurposing of coal plants all over the world. “Coal-fired power plants produce more global...
Filipino-led firm Climargy, which is classified as a super energy service company or SUPER-ESCO in the energy efficiency investment terrain, is among the corporates globally that made its pledge for a ramp up on energy efficiency ventures and programs as part of the cornerstone agreements being...
DUBAI, UAE – The developed countries of the world are being called upon to double climate adaptation financing to $40 billion a year by 2025, so the goals on emissions reduction set forth at the COP28 can be successfully delivered. As emphasized by United Nations Secretary General Antonio...
The Philippines and the United Nations Development Program (UNDP) are working with Canada to reduce the climate finance gap through nature-based solutions projects funded under a $5.3-billion climate finance commitment, the Presidential Communications Office (PCO) said. Pexels In a statement, the...
The Philippine government has called for the inclusion of the needs and priorities of developing countries in the definition of climate finance as a floor amounting to $100 billion has been committed by developed countries to be mobilized for climate action every year. Through Philippine Ambassador...
The Asian Infrastructure Investment Bank (AIIB) has vowed to align its operations with the goals of the Paris Agreement as the Beijing-led lender raises its annual climate finance commitments. Currently, the China-led AIIB estimated its cumulative climate finance approvals to reach $50 billion by...
