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Climate Finance

Opinion

Petersberg: An opportunity for Olaf Scholz's climate credibility

Angela Merkel traditionally used the Petersberg Climate Dialogue for strong announcements. Olaf Scholz, on the other hand, has so far eroded Germany's climate policy credibility with his policies. Petersberg now offers him the opportunity to make amends.

By Redaktion Table

World Bank climate protest Climate activists claim the World Bank s practices constribute to the climate emergency at the Lincoln Memorial. The banner is the first of a number of expected climate protests at the Worl Bank and IMF annual meetings next week. Washington DC United States PUBLICATIONxNOTxINxFRA Copyright: xAllisonxBaileyx originalFilename: bailey-worldban221006_npo9Z.jpg
Feature

Cautious World Bank reform: more capital and climate action

The pressure on the World Bank is high: Its designated new head Ajay Banga is supposed to better link poverty reduction with sustainability and structural reforms. The Bank's decision-making body has now discussed the proposals. A compromise is expected by fall.

By Bernhard Pötter

November 9, 2022, Sharm El Sheijk, South Sinai, Egypt: Activists wearing masks with words Climate Finance Now protest on the fourth day of the COP27 UN Climate Change Conference Finance Day, held by UNFCCC in Sharm El-Sheikh International Convention Center. COP27, running from November 6 to November 18 in Sharm El Sheikh focuses on implementation of measures already agreed during previous COPs. The Conference in Sharm El Sheikh focuses also on the most vulnerable communities as the climate crisis hardens life conditions of those already most disadvantaged. Sharm El Sheijk Egypt - ZUMAs197 20221109_zaa_s197_014 Copyright: xDominikaxZarzyckax
Feature

Financial reform will decide the global climate

Global climate action, adaptation and the repair of climate damage requires a lot of money. A reform of the global financial structure is intended to mobilize the financial resources. The upcoming annual meeting of the World Bank and IMF will discuss this, but different interests are involved.

By Bernhard Pötter