The UN climate talks in Baku delivered a new agreement on climate finance (the New Collective Quantified Goal, or NCQG), but it falls short of what science and justice demand. The headline target — mobilizing $1.3 trillion annually by 2035, with developed countries providing $300 billion— is only a fraction of what’s needed. For context, […] The post Making Sense of the NCQG Outcome from COP29: A Critical but Insufficient Step Forward for Climate Finance appeared first on Climate 411 ..read more

The newly established Fund for responding to Loss and Damage (FRLD) represents more than just another funding mechanism – it’s an opportunity to reimagine how climate finance can work better for countries already experiencing the extreme impacts of climate change.   As the Fund prepares for its “start-up phase” in 2025, it has the potential to […] The post Loss and Damage Finance: the FRLD and Transforming Climate Finance Quality appeared first on Climate 411 ..read more

Last month, Washingtonians voted to protect their landmark cap-and-invest program, showing support for the program’s strong limit on pollution and game-changing investments. Thanks to this resounding win, the cap-and-invest program continues to deliver for Washington communities — with today’s results bringing in record revenue for the year. The results released today are for Washington’s fourth […] The post In first auction after voters defended the program, Washington’s cap-and-invest brings in record high revenue for the year appeared first on Climate 411 ..read more

With anticipated environmental rollbacks at the federal level, the U.S. needs states to act on climate in order to make progress towards the nation’s 2030 commitments. Luckily, there are already signs of momentum. A landslide victory in Washington state to protect its climate law sends a hopeful message that ambitious climate action at the state […] The post As the U.S. braces for environmental attacks, it’s up to states to lead on climate appeared first on Climate 411 ..read more

Results were released today for California’s fourth cap-and-trade auction of the year, which was administered last week by the California Air Resources Board (CARB). Auction prices in the joint California-Quebec market (known as the Western Climate Initiative, or WCI) have trended downward this year, reflecting growing uncertainty among market participants about how best to plan […] The post California auction results underscore need for ambition and certainty in cap-and-trade market appeared first on Climate 411 ..read more

This post was authored by Bärbel Henneberger, Senior Partnerships Manager at the Environmental Defense Fund.  On November 21, COP29 celebrated Indigenous Peoples and Local Communities (IP and LCs) as a thematic day in the Action Agenda of the Azerbaijani COP presidency. The day underscored the essential role of IP and LCs in safeguarding 80% of […] The post Effective participation and engagement of Indigenous Peoples and Local Communities at COP29 appeared first on Climate 411 ..read more

This blog was authored by Christopher Dekki, Manager, Global Engagement and Partnerships. Hopefully, COP29 delegates savored every moment of the rest day here in Baku because week 2 is already off to a hectic start. As deep divides within the negotiations remain unbridged, Azerbaijan, the newly minted COP29 Presidency, will need to increase its efforts […] The post What to watch in week 2 of COP29, from the finance conversation to critical sectoral action appeared first on Climate 411 ..read more

The UN climate talks, COP29, is well underway, and countries have entered final negotiations on the New Collective Quantified Goal (NCQG), a new climate finance goal to boost funding for climate action in developing countries. Reaching agreement on the goal may be difficult in the face of the U.S election results, but it remains an […] The post Solving the Adaptation Finance Gap: Plans are in Place, but Funding Falls Short appeared first on Climate 411 ..read more

  Negotiations at the United Nations climate talks in Azerbaijan, COP29, are now picking up. Global leaders are tasked with deciding on a new goal for how much money will be provided to developing countries to take climate action. The New Collective Quantified Goal (NCQG) on climate finance represents a critical opportunity to reshape how […] The post Getting Climate Finance Right at COP29: Key Issues to Address in Baku appeared first on Climate 411 ..read more

  Today, November 14, is Finance Day at COP29. We caught up with Leslie Labruto, EDF’s Managing Director for Sustainable Finance, about what she’s watching for at COP29, the United Nations’ climate change talks in Baku, Azerbaijan. Follow Leslie on LinkedIn. Q: You’re in Baku for COP29. What key issues are on your radar? A: […] The post Climate Finance and Accountability at COP29 appeared first on Climate 411 ..read more