Simon Jessop

The voluntary guidance issued by the finance-sector-led Impact Disclosure Taskforce seeks to address an estimated $4.2trln-a-year financing gap for the United Nations' sustainable development goals

Multilateral lender Climate Investment Funds (CIF) has agreed to back a $1 billion plan to upgrade Turkey's electricity grid so it can handle more renewable energy by providing an initial investment to the project, it said on Thursday.

The Asian Development Bank will increase its climate-related lending by up to $7.2 billion after the United States and Japan agreed to underwrite risk for some existing loans, an ADB executive said, marking the first ever sovereign guarantees for climate finance.

Nations urged to shift to green energy sources but many, including wealthy Western nations, rely on fossil fuels

The president of Azerbaijan, host of this year's UN climate summit, has lashed out at Western critics of his country's oil and gas industry.

"He singled out the US, the world’s largest historic carbon emitter, and the EU for particular criticism, accusing them of double standards"

The United States' biggest lender JPMorgan provided $1.29 in financing to green energy for every dollar backing high-carbon energy supply in 2023, executives told Reuters, the first time it has released the figure.

Figuring out what form that funding takes, who pays and how much is the main task of this year’s annual U.N. climate talks.

As officials from around the world strive this week to reach a deal on funding for poorer countries to tackle climate change, investment manager Rob Drijkoningen is the sort of person they're hoping will help get them there.

· 3-min read By Virginia Furness, Kate Abnett and Simon Jessop