Jump to navigation

Vol 64 No 21

Published 19th October 2023


Radical climate finance strategies go mainstream

Leaders of the IMF and World Bank back carbon taxes and a plan to end fossil fuel subsidies | Special Report by Tim Concannon

Welcome to the first in our series of special reports in the run-up to the UN COP28 Climate Summit in Dubai opening on 30 November.

Africa Confidential's Environment Editor Tim Concannon will explain and analyse the key issues at stake in Dubai and how African governments, companies and regional institutions are approaching the negotiations. Much of the focus in Dubai will be on climate finance.

Our first report in the series examines how the IMF and World Bank are changing policy on climate finance, boosting lending and calling for carbon taxes and the ending of fossil fuel subsidies.

For a detailed analysis of these shifts, read this Special Report here: Radical climate finance strategies go mainstream.



Related Articles

The Gadaffi billions – how Libya plans to reclaim the stolen wealth

Colonel Moammar el Gadaffi stashed billions in US banks, and now Libya’s power brokers are vying for control of this hidden fortune. The scramble for wealth has ignited a fierce political battle in Tripoli – one so ruthless that the official leading the recovery has been forced into hiding, fearing for his life. An Africa Confidential Special Report by John Hamilton our North Africa correspondent and managing director of Cross-Border Information.

After three months in illegal detention – partly in one of Libya’s most brutal prisons – Mohammed al Mensli, Director-General of the Libyan Asset Recovery and Management Office...

READ FOR FREE

SPECIAL REPORT: How Vincent Bolloré came to dominate business in Togo – using money, media and merchandise

Africa Confidential presents a Special Report on the Breton tycoon’s growing influence in Africa. Far from quitting the continent, Vincent Bolloré’s business and political interests in Africa are deepening – even as he faces trial in Paris for grand corruption in league with two West African leaders. By Andrew Weir and Nicolas Vescovacci

Billionaire Vincent Bolloré, who has built up monopoly control over some of the biggest container terminals in Africa, is heading back to the French courts with two of...

READ FOR FREE

Adding up the real costs of the energy transition

To achieve net zero emissions by 2050 will mean clean energy investments of $1-2 trillion a year in developing economies

After a frustrating lack of progress on finance and mapping out a 'just transition' to renewable energy at the COP26 climate summit last month, African officials are preparing...

READ FOR FREE

Shell retreats from the Delta

The Anglo-Dutch giant is losing its battle to fight off international lawsuits over pollution

Shell is retreating from onshore oilfields in the Niger Delta under a cloud, facing lawsuits, recriminations and so far failing to deal with some of the most serious...