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

High stakes but low ambitions at Baku’s geopolitical climate summit

Africa’s bargaining chips at COP29 are ‘green ores’, and trading its forests, grasslands and shorelines as carbon sinks

After a year of weather disasters and the hottest average temperatures on record, cash will dominate negotiations at the UN Conference of the Parties (COP29) climate summit from...


Shell retreats from the Delta

The Anglo-Dutch giant is losing its battle to fight off international lawsuits over pollution

Shell is retreating from onshore oilfields in the Niger Delta under a cloud, facing lawsuits, recriminations and so far failing to deal with some of the most serious...


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