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

What did the UN COP28 Climate summit deliver for Africa?

The final communiqué at the end of the UN COP28 summit in Dubai on 13 December produced what its authors hailed as a breakthrough – it approved a roadmap for 'transitioning away from fossil fuels' | By Tim Concannon

It was a first for a UN Climate Conference. But it stopped short of what many delegates had called for – 'a phase-out' of the use of coal,...

READ FOR FREE

Climate of scepticism

Expectations are low ahead of next week's COP27 climate change summit in Sharm el Sheikh. Although the African Union common position has moved away from an early draft...


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