WASHINGTON DC, October 14 (IPS) - The World Bank and other multilateral development banks recently have begun reconsidering their self-imposed restrictions on financing fossil fuel projects. This change is being prompted in part by the new U.S. administration and is also supported by developing country experts. Yet, the reality remains that greenhouse gas emissions (GHG) from fossil fuels, and specifically the climate change they induce, can severely undermine multilateral development bank projects and overall developing country growth prospects.
NAIROBI, October 14 (IPS) - The Gambia’s lead negotiator on mitigation believes that COP30 presents a unique opportunity to rebalance global climate leadership.
The UN’s top envoy for Libya warned on Tuesday that the country’s long-delayed political transition will stay on hold unless rival institutions swiftly resolve differences over election laws and key appointments.
A new report released on Tuesday warns the world is falling behind on its clean energy goals, prompting UN chief António Guterres to call once more for a ramped-up transition to a net zero global economy.
With the end of the year fast approaching, humanitarians are urging donors to step up support for their operations which remain underfunded due to brutal cuts to aid budgets.
Israel announced late on Tuesday that it will limit the flow of aid to Gaza, accusing Hamas of breaching the ceasefire agreement by returning only four of the bodies of deceased hostages so far.