Small and medium-sized enterprises (SMEs) are the backbone of the global economy — but they remain one of the most underfunded segments in the race to net zero. A new report by the International Chamber of Commerce (ICC) and Sage, released ahead of COP30, warns that without targeted reforms in
KAMPALA — Uganda has become the first African country to receive a results-based payment from the Green Climate Fund (GCF), securing US$31 million for verified emission reductions achieved through sustainable forestry and land management. The landmark approval recognizes measurable success under the “Uganda REDD-plus Results-Based Payment for Emission Reductions (2016–2017)”
KINGSTON, JAMAICA — When Hurricane Melissa slammed into Jamaica on October 28, 2025, the Category 5 storm left a trail of devastation – and put the world’s spotlight on one of the most ambitious disaster-financing systems ever built by a small island nation. With 185 mph (295 km/h) winds and
Panama City — The second day of the Nature Summit placed a powerful spotlight on the leadership, wisdom, and resilience of Indigenous peoples, reminding the world that solutions to the planet’s greatest challenges often begin in the forests, mountains, and coastal territories of those who have protected nature for generations.
The Tokyo Metropolitan Government (TMG) has issued the world’s first Climate Bonds Certified Resilience Bond, raising €300 million to fortify the Japanese capital against escalating climate risks. The five-year bond was oversubscribed seven times, attracting €2.2 billion in bids from nearly 120 institutional investors — a sign that global markets
ExxonMobil has launched a federal lawsuit against the State of California, escalating a confrontation that could shape the future of corporate climate transparency across the United States. The oil and gas major filed its complaint in the U.S. District Court for the Eastern District of California, seeking to block two
KINGSTON, JAMAICA — Walls of wind and rain now engulf Jamaica as Hurricane Melissa — a Category 5 superstorm and the most powerful of 2025 — tears across the island’s southern coast with sustained winds of up to 185 mph (295 km/h), making it the strongest storm ever to approach
In a move likely to stir debate ahead of the UN climate conference in Brazil, Bill Gates has urged world leaders to rethink their climate priorities — away from an exclusive focus on reducing carbon emissions and toward alleviating suffering in the world’s poorest regions. In a 17-page memo titled
New findings reveal that the world’s current climate commitments would slash emissions by only a fraction of what is needed to avoid catastrophic warming. A sweeping new United Nations analysis has found that the world’s collective climate pledges are nowhere near sufficient to keep global warming below 1.5°C, the critical
RABAT — Morocco has set a target to phase out coal-fired power generation by 2040, contingent on the availability of international climate finance to help fund its transition, the government announced this week. The plan marks a significant step for an emerging economy that remains heavily reliant on coal but
