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Uganda Secures Africa’s First Green Climate Fund Results-Based Payment

Uganda Secures Africa’s First Green Climate Fund Results-Based Payment of $31 million

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)”

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Morocco Sets 2040 Goal to Phase Out Coal, Conditional on Climate Finance

Morocco Sets 2040 Goal to Phase Out Coal, Conditional on Climate Finance

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

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U.S. Regulators Withdraw Climate-Related Risk Rules for Major Banks

U.S. Regulators Withdraw Climate-Related Risk Rules for Major Banks

WASHINGTON — In a fresh reversal of post-Paris financial policy, U.S. banking regulators have withdrawn landmark guidance on climate-related financial risks, erasing a federal framework that had directed the largest banks to account for climate exposure in governance and risk management. The Federal Reserve, Federal Deposit Insurance Corporation (FDIC), and

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