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

ICJ climate ruling opens floodgates for billions in pollution payouts

The UN court’s opinion defining greenhouse gas emissions as ‘internationally wrongful acts’ argues for climate finance to become a legal obligation for the main polluting countries

The ruling by the UN’s top court that countries may be held legally accountable for their greenhouse gas emissions and the environmental damage they cause could help reshape...


Who will fund the new fund?

With two months until the November deadline set at last year's COP climate change summit for the 'loss and damage' fund compensating victims of climate change to be...


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