The 29th Conference of the Parties (COP29) to the United Nations Framework Convention on Climate Change in Baku, Azerbaijan arrived at a moment of unprecedented global urgency, with developing nations grappling with escalating losses from climate change and the long-overdue need for adequate financing. The main goal of COP29, like other past conferences, is to […]
Category: Finance
How Indonesia Taxonomy Can Accelerate Climate Financing and Prevent Greenwashing
Indonesia requires a total investment of USD 285 billion to achieve its 2030 climate targets, yet a significant funding gap persists. The government has allocated USD 96.9 billion, which constitutes 34% of the total required investment, through its annual climate budget, equivalent to approximately 4.3% of the state budget. Additionally, the financial sector contributes USD […]
Debt-for-Climate Swaps: A Lifeline for Vulnerable Nations
The two separate problems yet very connected for developing nations are rising debt and compounding climate change impacts. These two crises have threatened the very existence and the development of trajectories in many nations. Developing countries, most especially the least Developed Countries (LDCs), are caught in a vicious cycle of debt dependency and inadequate climate […]
Indonesia Must Seize the Opportunity to Access the Loss and Damage Fund
While debates over the commitment of developed nations to fund The Loss and Damage Fund (LDF) remain contentious, Indonesia cannot afford to let this opportunity pass by. The Loss and Damage Fund has the potential to transform how the country prepares for and responds to climate impacts, and we must act decisively. This can be […]
COP29’s Climate Finance: Illusions of Aid and the Debt Crisis for the Global South
The Baku Summit: A Step Backward Around 195 parties and more than 90 heads of state and government gathered in Baku, Azerbaijan to review the implementation of the Paris Agreement and to set a new climate finance target for its effective functioning. The NCQG set a climate finance quantum of at least 300 billion dollars […]
Climate Finance for Water Security in Egypt: Challenges and Opportunities
Water scarcity is one of the most pressing challenges facing Egypt, and the country relies heavily on the Nile River for its survival. With rapid population growth, urbanization, and the increasing impacts of climate change, ensuring sustainable water resources has become a critical issue. Egypt is among the most water-scarce countries in the world, with […]