The World Meteorological Organization’s State of the Climate in Asia 2024 report warns that the region is warming nearly twice as fast as the global average, driving more extreme weather and posing serious threats to lives, ecosystems, and economies. In 2024, Asia experienced its warmest or second warmest year on …
The path of economic growth that started with the industrial revolution in Europe has, after about 200 years, left humanity trapped in the imbroglio of climate change. To address the global warming and related changes in the earth
IMF plans kitty to help poor countries mitigate climate impact Agencies DAVOS THE International Monetary Fund is planning a $100-billion fund to help countries mitigate the effects of climate change, the agency
China hit back at the US yesterday for belittling its commitment to tackling climate change as negotiations in Copenhagen on reaching a new agreement on global warming moved into a higher gear. On the fifth day of talks, the United Nations published an official draft text from which countries are …
George Soros, the billionaire financier, unveiled a plan yesterday to lend poor countries $100bn to deal with the threat of climate change. The money would come from the International Monetary Fund, from financial instruments known as special drawing rights. These SDRs, used to create liquidity, are a type of basket …
China will receive no significant funding from the US to combat climate change, the US delegation leader at the Copenhagen conference vowed yesterday. The statement, which shocked many negotiators, was part of a broader US attack on China and other developing countries for not promising deeper concessions to reduce greenhouse …
This working paper summarizes key innovations and challenges of the Clean Technology Fund. It analyzes the investment plans that the Fund has endorsed to date, and makes the case for greater emphasis on institutional capacity and governance in program design.
